Soldato
Current situation: House on market 14 weeks. 11 viewings; Zero offers. Have now reduced by 3% & will reduce by another 3% if no accepted offers in 6 weeks.
Question: What should I look out for when upsizing?
We are wanting to move to three or four bedroomed detached house with a view to adding value and living there for next 15yrs minimum. We would be more than happy to do fairly substantial work on a house to extend if the price was right and plot would allow.
What should we look out for when buying with a view to either extending or developing? Any golden rules which would be useful?
I now feel we paid at least £10k more than we should have for our current house, maybe even £15k too much. Whilst this won't effect the selection of houses we could buy next, it certainly makes you realise we want a bargain for our next house, and would be prepared to go into rented for a bit while we do all our research and with zero chain, I feel we would be more attractive buyers.
Question: If upsizing does a paper loss actually matter?
i.e - I 'lose' £15k on current house, but next house will be significantly bigger and more expensive and so could easily negotiate £15k off sale price, likely more as it is a buyers market....etc.
Would also be interested to here your views, moral and otherwise, on reducing your offer v v close to completion. I personally wouldn't do it as I think it is wrong, however, I was speaking to a couple of random people over the weekend and both said they did this. Whether it is actually true or not, I am not sure. But one took an extra £10k his offer the week of completion, and seller accepted it....crafty or plain wrong?
Question: What should I look out for when upsizing?
We are wanting to move to three or four bedroomed detached house with a view to adding value and living there for next 15yrs minimum. We would be more than happy to do fairly substantial work on a house to extend if the price was right and plot would allow.
What should we look out for when buying with a view to either extending or developing? Any golden rules which would be useful?
I now feel we paid at least £10k more than we should have for our current house, maybe even £15k too much. Whilst this won't effect the selection of houses we could buy next, it certainly makes you realise we want a bargain for our next house, and would be prepared to go into rented for a bit while we do all our research and with zero chain, I feel we would be more attractive buyers.
Question: If upsizing does a paper loss actually matter?
i.e - I 'lose' £15k on current house, but next house will be significantly bigger and more expensive and so could easily negotiate £15k off sale price, likely more as it is a buyers market....etc.
Would also be interested to here your views, moral and otherwise, on reducing your offer v v close to completion. I personally wouldn't do it as I think it is wrong, however, I was speaking to a couple of random people over the weekend and both said they did this. Whether it is actually true or not, I am not sure. But one took an extra £10k his offer the week of completion, and seller accepted it....crafty or plain wrong?