Fallen in love with a house. Would we be stupid to buy it?

(114 Posts)
AngryFeet Sat 23-Mar-13 17:23:22

DH and I have fallen head over heels with a house. It is 5 miles away from where we wanted to buy but is still a good location with good schools. But it is £5k over our budget. We could borrow off family and pay this £5k back with DHs bonus at the end of the year as long as we are careful with our spending but we have a good amount to live on to be honest we just wouldn't be able to go on holiday or do any house renovations for a year. The house is very nicely done and so I doubt we would need to spend money for a while but you never know. The mortgage payments are still less than a third of our income so we are not going crazy.

I don't know what to do! I don't want to make a hasty decision based on my heart and gut feeling and make a mistake. We have offered at £5k under the asking price but they aren't budging. We have said that it is all we can afford and to get back to us if they change their minds but I really don't want to lose this house. It is beautiful and has 50% more space than we can get around where we were first looking with our budget.

ARRGGGGHHH! Help!

Tortington Sat 23-Mar-13 17:24:24

i couldnt possibly say without pics smile

BrianButterfield Sat 23-Mar-13 17:26:41

£5k is nothing in the great scheme of house buying. We went slightly over our budget but got loads more house and we still love it 4 years on.

TomDudgeon Sat 23-Mar-13 17:27:07

What the yellow viscose one said.

My gut would say yes or you would regret it

NaturalBlondeYeahRight Sat 23-Mar-13 17:28:06

I would. Doesn't sound like any reason why you shouldn't go for it!! 5k isn't much in the grand scheme of things. And we'll be having a scorching summer this year grin no need for a holiday.

ohforfoxsake Sat 23-Mar-13 17:28:19

Buy it.

pictish Sat 23-Mar-13 17:28:21

Linky please?

AngryFeet Sat 23-Mar-13 17:28:26

I am happy to PM you a link custy but I don't want to put it on here in case somebody steals it! ;) I know where you live and am guessing you are not planning on moving closer to London in the future?

NaturalBlondeYeahRight Sat 23-Mar-13 17:28:33

Xposts BB

Tortington Sat 23-Mar-13 17:29:30

" i know where you live" PMSL.

yes yes linky

AliceWChild Sat 23-Mar-13 17:30:56

£5k is peanuts in the whole scheme of things. Do it! This is why the other one went wrong.

TomDudgeon Sat 23-Mar-13 17:33:21

And me please

Am in norfolk and wouldn't move further south even if I could afford to buy

5k is nothing when you're house buying. As long as you can actually find the 5k, you won't regret it.

mum47 Sat 23-Mar-13 19:30:12

Do not lose a house you love for the sake of £5k.This amount as a percentage of the overall value of the house is very small. You are in a position where you can afford to pay the amount, and you will kick yourself if you don't.

That said, you could see if the owners will meet you half way?

hatgirl Sat 23-Mar-13 19:39:34

they probably think you are game playing and are holding out in a battle of wills. I can't see anyone else coming along is just going to offer the full asking price (unless they are silly) so its not likely you might gazumped in this financial climate. Make a point of going to the same estate agent and looking for other properties at around the price you want this one for whilst bemoaning the fact loudly that 'if only the house you want was within your budget'.

If the estate agent has any sense (although this depends on the relationship the estate agent has with the seller) they will feed this back to the seller that you are keen to buy but really can't put any more in. If they really won't budge then then they probably aren't desperate to sell. It might be worth finding out how long the property has been on the market for.

They have probably cottoned on how keen you are on the house and think you can be persuaded to part with an extra £5k of cash because of that. Perhaps see if you can meet them halfway so everyone wins?

AngryFeet Sun 24-Mar-13 06:05:48

Hmmm I installed property bee and foundout it has been on.the market a year. Was under offer 6 months after it went on.then fell through in Jan. No way am I paying the £5k after seeing that.

Coconutty Sun 24-Mar-13 06:37:55

Maybe you should have offered 10k less then agreed on 5k less? If it's been up for a year I wouldn't pay asking price.

munchkinmaster Sun 24-Mar-13 06:47:57

I don't think you should have said your offer still stands. Now they have a bird in hand and can keep you in reserve. I I think you're right it's not worth asking price here but in general 5k (if you've got it) is better to pay now for a house you love than to end up moving again which will cost more in the long run.

TheRealFellatio Sun 24-Mar-13 06:49:36

If they've already lost one sale they'll be really fed up so just offer them less! In fact depending on the price (unless it is below about 125k) I would offer then 10k less anyway, and let them work you back up by 5k. don't ever offer the asking price unless you genuinely feel it's the bargain of the century and you know you are up against loads of other people for it. You clearly are not, in this case. Have confidence and play hard ball!

BecauseYourWorthIt Sun 24-Mar-13 06:51:22

Go for it!!!

LIZS Sun 24-Mar-13 07:46:57

Is the 5miles an issue , are we talking 5m rural , urban , city and what are the implications (schools, amenities etc). if it has been on market a while then I suspect you may just have tom submit your offer and wait . What made previous fall through ?

Jaynebxl Sun 24-Mar-13 07:57:57

5k is hardly anything. Would be crazy to lose a house you have both fallen in love with for the sake of 5k.

AngryFeet Sun 24-Mar-13 11:22:12

5 miles is going from urban to semi rural LIZS.

The reason i am holding back now is firstly DH is getting a payrise announced in a few weeks. We are hoping it will be significant and his manager is pushing for it to be but we can't guarantee it will be what we want. If he doesn't get that it means we will have a tighter monthly budget if we have to allow for a bit more money for out commute and probably higher utility bills/council tax as it is much bigger than we were expecting to buy.

So the bonus he gets at the end of the year might be needed to cover a small amount of debt that might occur if anything goes wrong in the house as we will have little room for manuoevre.

Also if we go back now and say fine we will pay asking price after we gave an offer quickly after viewing (probably a mistake) will he think oh maybe I can get more?

I just don't know. We could wait till the payrise is announced so we know we are safe and risk losing the house. Or we can just go for it as we love it so much.

Feeling very low this morning as I am sure we have lost it.

Also we were offered a mortgage when we were buying a house at £295000. We had a 10% deposit so we were borrowing £265500. They upped that to borrowing £287500 when we ask which with a 10% deposit is £319500. Broker said we can top that deposit up to make the amount we want to spend. I think DH has misunderstood. If we want to spend £325000 we would have to top up the 10% deposit with another £5k making it an 11.5% deposit and still borrow the £287500 from the bank. Will they do this?

AngryFeet Sun 24-Mar-13 12:07:03

Bump

AngryFeet Sun 24-Mar-13 12:57:38

Bump

LIZS Sun 24-Mar-13 13:28:16

If you need to commute for work/schools how much additional journey time is that for you and/or dc, how independent can they become and can you really afford the additional cost of travel as well as the stretch on mortgage/savings?

Rowlers Sun 24-Mar-13 13:32:53

I would ask the estate agents a) why it has been on the market for a year and b) why it fell through 6 months ago before I did anything else.

Prawntoast Sun 24-Mar-13 13:36:15

It would depend. I presume the mortgage requires that you have a minimum of 10% deposit, so the maximum loan to value for that particular mortgage is 90%. If you are buying at 325,000, the deposit you will require is 32500. The question is whether even if you meet that criteria will your lender agree to you borrowing 292,500? If the maximum they will let you borrow is 287500, then you will need to find additional 5000, so your deposit would be 37500.

If this property has been on the market for a year with a sale falling through, I wouldn't be tempted to pay anywhere near asking. I know some people say its only an extra 5k, work out how much you would actually be paying for that extra 5k over the term of the mortgage.

AngryFeet Sun 24-Mar-13 15:44:42

I agree we shouldnt really pay asking but if he refuses to budge do we let it go? Mortgage wouldnt go up as we would put in the money ourselves to top up deposit. Hmmm dont want to lose it but seems stupid to pay asking at this stage.

AngryFeet Sun 24-Mar-13 16:38:38

Sorry to keep bumping but I am agitated with not knowing what to do!

AliceWChild Sun 24-Mar-13 17:26:37

I don't think it is stupid to pay what it is worth to you. The prices EAs put them on the market at are in many ways meaningless. Really it's worth what someone will pay and, also importantly, what someone will let it go for. If your seller is going to just hold out and hold out, they can. Doesn't solve anything for you. You need to decide what's its worth to you. All the EAs price, offering etc etc is just a white noise game in the end.

It also depends how you can look at it. We've just bought a house. Didn't get as much off as we tried. At points I've worried we've paid over the odds. However some selective zoopla studying and new houses coming up for more has meant I can convince myself I've got a deal. I'm sure if I looked I could find evidence to the contrary. So I don't look for that stuff. Means I'm happy. Are you looking for an investment or home? I'm very much on the latter so view it all accordingly.

Really it's all a ridiculous game. Personally I try to not let that get to me because I don't like it. So it all depends how you feel about all that and what you feel comfortable with. Of course this is within parameters. You can't get away with offering what the mortgage company won't support. But there's leeway within all that.

put in a bid you can afford, with a little room to go higher if needed, still the amount you can afford.

don't stretch yourself unless you really have to.

if they've been trying to sell for a year they might be happy to have an offer.

but seriously, DON'T go full asking price. set your max figure in your mind FIRST. then cut 5 - 10k off that. obv i don't know what figures you're talking about so my figures won't mean much.

Jaynebxl Sun 24-Mar-13 18:11:18

What Alice said really. If they are in no hurry and want to hold out for the asking price that's their right, and it's up to you whether you will pay that. In your shoes I would go to the asking price if I loved it so much and the vendors weren't budging.

AngryFeet Sun 24-Mar-13 18:14:25

But if we decide to go to asking price do we just do it now. They will know we are keen as we offered quickly. I am worried he might think he can get even more if werush in!

BewitchedBotheredandBewildered Sun 24-Mar-13 18:24:05

No. Wait.
Check your inbox wink

Mondrian Sun 24-Mar-13 18:34:15

It's very easy. How many years are you planning on living there, 5, 10, 15? 5k spread over 10 years is less than 10/month which is really a small investment for a house you are really happy with. Besides you will still have something to show for it as it will be an investment as opposed to a holiday which will be over in a week or two, buy it.

MinimalistMommi Sun 24-Mar-13 18:45:37

£5,000 is nothing in the grand scheme of things when you're buying a house. If you love it, buy it. People spend £2,500 putting in simple thing likes woodburners etc. It's really not worth losing out on a house over, if you really love it IYKWIM. Yes, it's annoying that its been on the market for ages, but if you start playing a waiting game, someone else might out an offer in. Try and imagine if it suddenly went under offer and see how you feel.

pictish Sun 24-Mar-13 18:53:34

Just the other day I saw a pait of boots in schuh I liked-ish...they were £85, yet they were not leather!

How the hell will I ever be able to afford a decent pair of shoes again, if pleather boots are coming in at £85???

pictish Sun 24-Mar-13 18:54:03

Wrong thread...sorry! blush

Buy the house though!!

AngryFeet Sun 24-Mar-13 20:15:59

The other issue we are battling with is it would add another 20 mins onto my morning commute as I want to keep the kids at their current primary and it is 7 miles away. Keep worrying about what might come up that would cause issues.

AngryFeet Sun 24-Mar-13 22:14:25

Bump

Jaynebxl Sun 24-Mar-13 22:31:37

How long is your commute now?

Jaynebxl Sun 24-Mar-13 22:32:34

To be honest it doesn't really seem to me like you want this house. Maybe do that thing where you toss a coin to decide whether to go for it or not, then mid flip you suddenly know which way you want it to land. Works for me!

lisad123everybodydancenow Sun 24-Mar-13 22:39:19

Message withdrawn at poster's request.

AngryFeet Sun 24-Mar-13 23:59:24

Commute now is 2 mins grin

I do want this house desperately but I am worried about making the wrong decisionfor my kids.

Lisa they are moving into rented as they have started building a house nearby and need to sell this one to release funds to continue the build. Yet he said they arent in a rush which sounds like bollocks to me. I think they need the full amount to pay for this new house which is why he isnt budging on price.

LeChatRouge Mon 25-Mar-13 00:19:26

Imagine these two scenarios:

1. Estate agent phones tomorrow and tells you the house has gone under offer with a cash buyer. It is off the market. How do you feel?

2. You decide to offer the extra 5k (you could try 2.5k). Vendor accepts, house is yours. How do you feel?

My thoughts would include: how long will you live there? Is the area likely to remain static or change in value? Secondary school commute?

AngryFeet Mon 25-Mar-13 00:24:12

Lechat:-

1 - I would be gutted and would cry

2 - I would be dancing around with excitement

We would stay there until the kids were grown I guess as it is big enough. I dont really know what will happen with the house values. Good secondary is within walking distance of house.

LeChatRouge Mon 25-Mar-13 00:35:41

Why don't you ring tmro and offer 2.5K extra? Then you can stop thinking about the turmoil and get on with it! Imagine the relief when it's all sorted.

I say go for it, you sound like you would be really happy there. Once you've moved in and are happy, you'll look back and wonder why you even hesitated.

kickassangel Mon 25-Mar-13 00:45:39

If you weren't looking in that area, is there any chance that there are other properties just as good as this one? What makes this one unique? There are very few houses which are truly unique, so maybe there are others like it nearby but you just weren't looking?

Ask the estate agent why the previous offer fell through, they may be awkward people to buy from.

LIZS Mon 25-Mar-13 07:30:28

Agree there probably are or will be others equally as good and more affordable. I think you need to spend more time in that area to see what is on offer, and not. Committing to driving the dc to school for several years should not be underestimated - to parties, see friends , parents evenings and concerts. If vendor really needs cash flow they won't hold out for longer.

MinimalistMommi Mon 25-Mar-13 07:40:20

How much longer have your children got at primary school? If its a couple of years then I'd say go for it, if its longer then....IMHO, twenty minutes (by car? Not walking?) seems quite away with petrol costs rising. Then you've got to reverse that to get home again. And then do the same in the afternoon. I walk fifteen minutes to the school each way with the children, but obviously that's free and doesn't cost me anything.

AliceWChild Mon 25-Mar-13 07:45:18

I don't understand this. From where I'm sitting, you say you really want the house. You can afford it. But you're finding what seems from the outside to be tiny reasons not to just buy it. I also followed your thread about the other house and there also seemed to be things on that house that seemed insignificant in the whole scheme of things (not all of it of course). Which gives me the impression there is either more going on and you are trying to sabotage moves yourself, not consciously perhaps. Do you really want to move at all or are you feeling pressured for some reason? Or you are just really scared of having what you want. It all feels too good to be true so are seeking the unseekable assurance that all is perfect?

That may well be pop psychology bollocks. What do I know. But thought I'd throw it out there in case any of it resonates.

And what does it matter if you seem keen? You are keen. If I was selling a house I'd rather sell to the person who seems keen than someone who isn't bothered. The latter would seem more likely to pull out if they see something else. I may well even accept a bit less from the keen people if it falling through was a big concern from me. All the game playing only works if everyone playing the game is playing the same one. Not everyone is out to maximise money at whatever cost. So it's impossible to read everyone else and therefore what the 'best' thing to do is.

MyPreciousRing Mon 25-Mar-13 10:34:01

Offer 2.5k difference and leave it at that. What's for you won't go by you.

Potterer Mon 25-Mar-13 12:02:34

Would you kick yourself if you lost it over £5k?

We bought our forever house and went all out, we had set ourselves a budget and then saw this house and knew it was worth the extra. We went £30k over our initial budget but are still very comfortable financially.

I now have to drive the children to school, I used to walk the 1/4 mile (outstanding primary so you had to live close) and now I drive 2.7 miles to get there. But the plus is, the nearest secondary to me is outstanding and walk-able for Ds1 who will go in 2014.

But I will still have to drive Ds2 for a good few years. Is it worth it? My God it is grin because I love this house. I love driving back home to it. We are slowly decorating and making it our own. It is big enough for now and the next 20 years.

We had to take into account the extra cost of petrol which clearly just keeps going up and up. But apart from that and it needing a kitchen extension which would have started by now if it hadn't ruddy snowed so badly, these were all minor things.

AngryFeet Mon 25-Mar-13 12:09:28

Probably would kick myself but it looks like we aren't going to be able to get the extra money after all.

Bugger sad

Maybe they will change their minds. Fingers crossed.

MyPreciousRing Mon 25-Mar-13 12:55:21

In a few weeks they will accept your offer. Don't despair.

LIZS Mon 25-Mar-13 16:58:17

or maybe a different house within your original budget in similar area will come on the market after Easter.

Yfronts Mon 25-Mar-13 19:55:15

Just wait it out. their house has been on a year and more will come on anyway after easter.

AngryFeet Tue 26-Mar-13 15:38:45

More has now happened. No news from seller who is refusing to accept less than asking but now a house I liked the look of back in Dec has come back on the market (in our ideal location being near where we are) at £15k less than before (£40k less then our ideal house is going for). Apparently they are looking for a quick sale due to their last buyer pulling out. It is 1000sq ft compared to 1650 sq ft in the other house, it needs a fair bit of decorative work inc kitchen and bathroom (maybe central heating and wiring will have to see when we look around). But it is 2.5 miles from where we are now instead of 8 and it is also near a good secondary.

It will go fast as houses around here do and this is priced to sell.

Dunno.

Head or heart - which should win here?

LIZS Tue 26-Mar-13 15:43:25

Practical - you don't know enough about the other to have more than a romantic dream of the house and the area plus vendor sounds a pita. 5miles could be the difference between a good secondary, having to settle for one in the area or committing to more travel to another.

LIZS Tue 26-Mar-13 15:44:59

and of course there is the financial aspect which if things werenlt as rosy as you hope could soon become a bugbear.

CheeseStrawWars Tue 26-Mar-13 15:45:51

Other seller sounds too much like hard work. Go with the £40k less one.

QuickLookBusy Tue 26-Mar-13 15:49:33

Agree about your financial situation if you go over budget. You say your repayments will be a third of your income, if interest rates go up, you will be paying an even bigger percentage.

I'd go for the house that is within budget.

Angelico Tue 26-Mar-13 15:51:11

I think head and heart both have to be heard. But I would always find an extra 5K somewhere for a house I really, really loved. We paid more than we should have for the house we live in now - owners (inherited house, they're the worst hmm ) were living in LaLaLand after the boom and it took ages for them to realise they weren't going to get what they wanted. We were excellent buyers with all our ducks in a row, no chain etc and they turned us down twice. Eventually I phoned the estate agent a couple of months later and just asked if they were interested at this stage and said I was a bit baffled why they weren't taking the hand off us for ... (listed 10 reasons). Presumably he reported this conversation verbatim as they finally started showing something approaching sense. We threw in an extra 5 grand as a gesture but this is the house we plan to stay in for the next twenty years so who cares? They probably felt aggrieved at the time but they did bloody well as prices have continued to drop here. I don't care; we're in the house we wanted.

So I guess my point is: if you love it find the money and go for it! smile

AngryFeet Tue 26-Mar-13 15:54:35

We would probably have to spend £20k or so making this house a good standard and there is the chance that there will be a bidding war on it because it is VERY cheap for the area. The price will possibly nearly balance out in the end. Hmmm... this is bloody tough.

greenfolder Tue 26-Mar-13 18:42:28

the 5k more one sounds like a nightmare- they are not what i would call comitted sellers are they? you stretch to £5k more, they spend 3 months delaying tactics and then announce at the end of the summer they cant find anywhere to move and pull out. that would be my prediction.

LIZS Tue 26-Mar-13 19:02:39

iirc vendors are building a house - in which case timescales may change (would they really take on a 6 month tenancy) and further penny-pinching as costs rise. Think they'll mess you around tbh. Why not go back in the cold light of day , have another viewing and really assess the practicalities and if it is worth stretching and waiting for.

AngryFeet Tue 26-Mar-13 19:04:20

Sod it I am going to link them and let you lot choose. I don't know what the hell to do:-

www.rightmove.co.uk/property-for-sale/property-37274660.html

www.rightmove.co.uk/property-for-sale/property-38908337.html

LIZS Tue 26-Mar-13 19:08:15

2nd one without a doubt . Area much nicer and more scope to add value as and when! What is the view from the first ?

mum47 Tue 26-Mar-13 19:08:55

I actually genuinely prefer the look of the second one - it looks like it has potential to be fabby. What is your dh thinking? Why don't you sit down tonight and make a written list of pros and cons of both and see where that leaves you?

AngryFeet Tue 26-Mar-13 19:12:54

Not sure what DH is thinking as he has been up and down in his thinking too. We will sit down tonight and write a pros and cons list, thanks that is a good idea.

Do you mean the view from the back LIZS? There is nothing behind there as far as I know but the garden is going up a hill not down so less to see.

My sensible head is going with number 2 but it is so much smaller and not sure how much room extending would add.

AngryFeet Tue 26-Mar-13 19:14:20

I think there will be a bit of a bidding war on the second to be honest. These houses go within days but they are holding an open day on Sat which we managed to get an appt for so we will need to offer on the day I think. Our mortgage offer is up to £320k and this house sold for £300k in Dec.

AngryFeet Tue 26-Mar-13 19:14:53

I also am thinking that if these houses sell fast and the other has been on for a year it is a far more sensible purchase.

QuintEggSensuality Tue 26-Mar-13 19:16:55

The second one will most likely need the roof replacing, so could potentially cost another 5k.

Coconutty Tue 26-Mar-13 19:18:37

I like the 2nd one more.

QuintEggSensuality Tue 26-Mar-13 19:19:12

Also, there are no pictures from upstairs in the second one. The back wall looks a bit green and moss ridden around the trailing ivy.... Could it be damp?

QuintEggSensuality Tue 26-Mar-13 19:20:37

The Biggin Hill one looks like it has been airlifted out of Spain! Despite being modern, I quite like it. But the view gives me vertigo! confused

I prefer house one smile I like unconventional floor plans though, house two seems a bit dull and small compared! I know nothing about the areas though.

I love the second one. I think the first one is hideous and that may be the reason it has been on the market for over a year - it is probably not to too many people's taste....?

Whereas the second one has some character, you could eventually do a loft conversion, or an extension, or add a conservatory for extra space at a lower cost.

But I love the second one, it looks homely, cosy and will probably get snapped up so if you like it move quickly...

Prawntoast Tue 26-Mar-13 19:27:35

prefer the 2nd one externally, but the 1st one internally, there is a price difference but also quite a size difference, what's the price per sq ft for each property? That will give you a better measure of relative value.

lalalonglegs Tue 26-Mar-13 19:30:37

I much prefer the second one, I think it could be great with a bit of money spent on it. I don't know which is the nicer area though, that would make a big difference to me.

CheeseStrawWars Tue 26-Mar-13 19:35:38

Garden in the first one looks v child-unfriendly. And it would be very overlooked by the neighbours, judging on the pics.

Second one for me.

scarlettsmummy2 Tue 26-Mar-13 19:41:17

I would

AngryFeet Tue 26-Mar-13 19:47:21

£211 per square foot for the first one, £291 for the second. The second one is technically more desirable as better transport (2 stations nearby, no rail link for first). First has better bus service though and is nearer shops, more sense of community there. But it is a town kind of in the middle of nowhere. Only a few miles to the next town though (about 8).

Tobermory Tue 26-Mar-13 19:47:23

I think the second one has much more kerb appeal.
The first one I just think quite strange. I didn't look at floor plans, how would 3 floors work for you and your family?

AngryFeet Tue 26-Mar-13 19:47:56

Why do you say that about the roof Quint?

AngryFeet Tue 26-Mar-13 19:52:43

Not bothered by 3 floors to be honest. I really love it and it works for me for some reason.

WynkenBlynkenandNod Tue 26-Mar-13 19:56:26

2nd one for me as I personally wouldn't want the kitchen on a different floor. The fact it has been on the market for a year would worry me about selling in the future.

samuelwhiskers Tue 26-Mar-13 19:58:17

Prefer no 2, especially if better location. No 1 looks great inside but really not sure about those arches, wonder if it will affect re-sale.

AngryFeet Tue 26-Mar-13 20:06:11

If we wanted to extend house number 2 it would be pretty costly to be honest. Probably about £70k if we did a 2 storey in the side return which we would need to make the box room a good size and to make a big kitchen diner (near London so prices are not so cheap).

AngryFeet Tue 26-Mar-13 20:07:11

The kitchen is big enough for a good size table though so not too bothered on a daily basis about carrying food up and down. I would use the dining bit downstairs as a play area I think.

Tobermory Tue 26-Mar-13 20:09:50

Angry you obviously love house number 1 a lot and are defending it to the hilt. Perfectly understandably btw.

Maybe this thread reinforces how much you DO want house number 1!
If you think you'd regret it, and it sounds like you might, then I think you have to bite the bullet and up your offer.

The second one is much smaller really isn't it? But better location. I wouldn't buy either tbh. I think the pace of the market is causing you to panic and try to buy houses which aren't the right size or condition or price.

AngryFeet Tue 26-Mar-13 20:14:12

Maybe Northern but we are slightly time limited as the rental we are in is up for sale! Yes I do love it so much Toby. I just wish I could move it a few miles nearer to here! If I could just get over myself and move the kids to a school near there it would be perfect. DS would be fine as he is in year 1 and is being bullied sad DD however would be so sad sad Secondary is great so once they are both there it is not an issue.

Viviennemary Tue 26-Mar-13 20:20:13

It all depends on how sorry you will be if you find out that somebody else has bought the house. If it's really good value for money and you are sure the location is suitable then you should go for it if the £5,000 is the only thing holding you back.

bonzoed Tue 26-Mar-13 20:23:05

I know the area well and am wondering if you went for option 1, how easy would the school commute be in the snow - presumably you'd be traveling cross-country in a fairly hilly area?

AngryFeet Tue 26-Mar-13 20:26:50

Yes the snow would be a bastard bonzoed. We have snow tyres but with the hills not sure how good they would be. How many days on average do they get snow though? Wish there was a way to find out!

AngryFeet Tue 26-Mar-13 20:27:32

What would you say about the area? I know it fairly well and have friends there who love it but I don't know it really really well.

QuintEggSensuality Tue 26-Mar-13 20:28:01

Look closely at the picture where the roof is visible, and all the ivy settling on the roof tiles. I think you need to investigate this.

I would definitely go for nr 2, but be prepared to make some repairs. And if you are going to extend into the loft, the roof could be done then?

melodyangel Tue 26-Mar-13 20:28:34

House no. 2. It looks like you could do so much more with it over time.

blueraincoat Tue 26-Mar-13 20:35:50

I would go with house number 2 definitely, looks more established is the only way I can put it, I think. (Sorry but really not impressed with first one, don't like that faux Tuscany thing the back has got going on). I know Warlingham very well and Biggin Hill a bit. Would definitely go for Warlingham, some lovely walks close by and the big secondary school is pretty good. Sorry if you know all this.

Number 1, definitely. It actually gave me little butterflies looking at it, and I'm not thinking of buying it! I think it's lovely.

LIZS Tue 26-Mar-13 21:09:59

Comment was directed at pic 9 for house 1. Sorry but just don't think it is that special , garden looks small and lots of rooms but still think you could get similar style for less in that area. ds' classmates from that area didn't make to school in in recent snowfall.

Coconutty Tue 26-Mar-13 21:29:41

Get them deleted off here now we've all had a good look, in case someone else takes a shine to one of them!

Viviennemary Tue 26-Mar-13 21:34:49

I agree that the second house has far more kerb appeal. And it certainly has more character. But the first house has the best accommodation space wise. Maybe your best bet would be to buy neither house as really another even better one could come along any day. Especially if you are not absolutely sure about either of those two houses.

Jaynebxl Tue 26-Mar-13 22:55:57

I like the first house more as it is more interesting but I was put off by the floor plan. I just think it isn't very practical and would drive me bonkers. Also, I think you said you have two children ... The bedrooms are very unevenly split which would also out me off. Do you pick your favourite child to have the larger room with en suite?! grin

MinimalistMommi Wed 27-Mar-13 07:52:07

Quickly looking through them, I liked house number one!

MyPreciousRing Wed 27-Mar-13 13:30:44

Neither. You can't get the money for number 1, it's over priced and seller is a PITA. Number 2 isn't big enough and you're just trying to convince yourself. Keep looking. (And keep posting links, love looking at them!)

AngryFeet Wed 27-Mar-13 13:39:16

We won't get anything bigger than that in our area for under the 320 mark. It just keeps getting more expensive. This one at 285000 is very very rare so there is either a problem with it or it will go for more in a bidding war.

So it is small in this very good area or large in a still good area but further away.

I don't think number 1 is overpriced going by the houses sold in that road. One sold last year with 4 beds not 3 but for £370k (same 3 floor type house).

After doing some research it seems it was not actually on the market between March and Sept last year as they moved out to rented to get their son into a primary slightly out of the way (not sure why as there is a very good one around the corner). They got a buyer in March after 4 weeks on market but it quickly fell through due to buyer not being able to sell their house. Then in Sept in went back on and fell through in Jan as again buyer can't sell (although her offer still stands when she is proceedable). There is one other offer (apparently - taking this one with a pinch of salt) on the table now which was made in Feb for full asking (as was the Sept one) but again he is struggling to sell.

Owner says he honestly can't afford to lose the £5k so I guess he is just waiting for someone to be proceedable but for the asking price. Fair enough.

Will have to see what comes of the house on Saturday.

AngryFeet Wed 27-Mar-13 13:40:35

And we can get the money for number one it is just a little bit of a stretch but that £5k would have gone on decorating at the end of the year with any other house so it is neither here nor there really.

MinimalistMommi Wed 27-Mar-13 17:26:06

Angry go with your heart! That seems to be house number 1!

SquinkieBunnies Wed 27-Mar-13 20:38:43

I like number 2 better. it seems a more livable house.
2 has the kitchen on a different floor to the dining room and living room, very awkward, unless you will only eat in the kitchen. It has lots of wasted space, big wide hallways.
I thought the back was just odd. All those steps down to the garden seem very inconvenient if you have little ones.

SquinkieBunnies Wed 27-Mar-13 20:39:40

Sorry 1 has the kitchen and living on a different floor, all I said was about 1. 2 seems more livable.

MyPreciousRing Thu 28-Mar-13 00:31:12

Well with your recent update then you need to go for number one. If you can find the 5k then just go for it! You definitely do seem to have your heart set on it. Fingers crossed for you.

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