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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Feel like I overpaid for a house

81 replies

luckycat888 · 13/05/2025 21:23

Just won the bid on a house but there was (allegedly) another offer on the table from a cash buyer and so I was asked to put down more money. The EA indicated what amount the vendor was looking for and I went lower than that but it’s still extra money I hadn’t expected to pay and now I feel really shit, like it’s not a good deal and should I even bother? I checked Zoopla valuation which says it’s worth more than what my offer was by over £10k.
Guide price had a £25k range and we ended up just less than the half way point. AIBU to feel shit and now less excited about the house or should I feel happy I “won”?

OP posts:
Poopeepoopee · 13/05/2025 21:29

luckycat888 · 13/05/2025 21:26

Cos it no longer feels like a bargain and it’s more than what I had expected to pay for it

I've said it before and I'll say it again

In the long term, property always increases in value.

It'll be fine.

Enjoy your new house!

WonderingWanda · 13/05/2025 21:29

Over a long period that's not going to make a huge difference so unless you've paid significantly more than its worth or are planning to move again next year then you've paid a fair price. Whilst it might be nice to feel you've got a bargain surely there are many reasons you chose this house? Try just focusing on the other reasons you love it.

Guavafish1 · 13/05/2025 21:28

Can you withdraw the offer?

luckycat888 · 13/05/2025 21:26

Cos it no longer feels like a bargain and it’s more than what I had expected to pay for it

OP posts:
CoastalCalm · 13/05/2025 21:26

Zoopla isn’t a reliable source of value so you need to reconcile whether the house is worth it for you personally. For me I’ve never got involved in sealed bids , I’ve offered asking price then walked away

Eastie77Returns · 13/05/2025 21:25

The house is valued at more than the amount you offered. What is the problem?