We have an offer on our house which is roughly what we paid for it 3 years ago. Is the first proper offer we have received in 4 months.
The plan is to accept it, rent near my family (100 miles away), move DS nursery, give birth, look for another house to buy this time next year.
Would love to hold out for more money but don't think we are going to get it and baby is due in 4 months. We really can't afford to pay our current mortgage for very long if I'm on maternity leave again.
Is this a terrible terrible idea? Please can sometime tell me that it's the only sensible decision in this current market.
TBH an offer at the same value it was 3 years ago isn't that bad in the current climate. I think the value will only go down for at least the next year, so if you need to move it might be best to accept it.
Make sure that you keep them to a tight deadline if you want to go before the birth, but don't give them the idea that you're desperate otherwise they might drop the offer again just before exchange. Say little things like "well if we don't manage to get it sorted before the birth we might just take it off the market and try again next year" to give the impression that you have the control.
This house has just gone on the market and we're hoping to get an offer for the same price we paid for it 4yrs ago. IT's the only realistic thing to do, unlike the house down the road from me which (although in much better decorative order) is on for some £15k more that we paid for this place 4yrs ago, and is a 3 bedroom mid-terrace with all "improvements" already done (ie they've made it 3 bedroomed by converting the loft) - ours is the same layout house as their except we have 3 bedrooms upstairs already, and the loft hasn't been converted. Personally I think they're bonkers and can't see anyone paying anywhere near that price in the current market.
You couldnt rent it out while you wait for the market to recover, seing as you are going to buy a house in a year, when prices may again be increasing? The tenants will pay rent, hopefully cover your mortgage, and you might be able to sell your house in a year and hope the market is better.