We saw a house recently which we loved. In an area where the right house doesn't come up often. It was also chain free which was a huge plus for us (we were considering going into rented to avoid losing our buyer and to avoid dragging the whole process out too much for our son who will need to move schools).
Anyway, other people liked it too so it went to sealed bids and I think we went a bit crazy and offered 10% over. It was competitively priced, but it was still not a cheap house. We got it but ever since I've been feeling a bit sick and have buyers remorse.
I feel like people in the area will look at us and think we are total idiots to pay that much. It's hopefully a long term home and not a house to us and we can afford it but I still feel like a mug.
DH thinks we maybe did overpay but is just glad to get it all sorted. We have a decent amount of equity and are porting our current mortgage so surprisingly the bank just approved it on an online valuation based on the address of the property. We haven't had the survey yet.
Any advice, anyone been in this situation? Does it get better or are we idiots?
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Help - I think I got carried away with sealed bids
72 replies
PandaLorry · 14/04/2021 06:39
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