gravearchitecture wrote:
ok, so having a buying panic.
firstly, The Process. around here it's:
"i like this house"
"ok what's your offer"
"they always go for over asking price, so let's say asking + token amount"
(next day)
"we had 1000 offers... what's your BEST AND FINAL offer.. you have one chance and you can't know what everyone else is doing"
"oh god, err, asking + a lot?"
"YOU WON!"/"YOU LOST!"
this horrible one-shot blind auction process has left me panicking that we've now had an offer accepted on a place that's worth WHO KNOWS? it was on for 155 and we offered 166.5, purely on the basis that we thought it would go for way over offer, as it was less than other similar houses we'd liked and missed out on, but what do i know? on zoopla the estimate is sub-150, but the next terrace along was sold for 173 6 months ago (it has an extra room).
what do? the more i google house prices the less confident i am that i have any clue what houses should cost, and i can't shake the feeling i'm being sold a duffer.
i know that our mortgage company won't give us money if the house isn't worth (near?) what we're paying, but we have a 50k deposit so not sure if that would affect their level of concern? plus isn't it about 2k of fees just to hear a "lol no"?
i don't know. hate this. why can't it be like ebay? 
You have to ask yourself what all the fucking about is worth too. If you like the place, can afford what you offered and it's not way off the mark then you're golden. Spending months agonising over stuff, potentially paying rent and watching prices creep up isn't worth paying a little over the odds in my opinion.
I had two days to find a flat to buy. I booked in as many viewings as I could for those days and chose the best. I probably paid 5 grand over the odds to get the deal done quickly and don't regret it. Your mortgage is going to be a fucking big number in all probability and paying a few more quid a month will be all but forgotten in a few months. The stress, hassle and uncertainty just isn't worth the bother. If the cost makes a real difference, you're probably overstretching yourself to buy in the first place. |
Dante_Cubit 1,996 posts
