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How much realistically extra to buy your house?

8 replies

Mouldyfoodhelp · 11/03/2024 13:17

If you are/were happy where you live(d) how much above market rate would make you accept an offer on your home?

I always imagine if I were to somehow become a bazillionare I wouldn't want to move but I'd like to probably buy 1 or 2 neighbours and remodel it into one home but in my head I always come up with different amounts "ooh most would take 25k as its a lot" or I'm feeling generous sometimes and offering like 150-200k more.

So it just makes me wonder how much it would actually take some people to sell.

OP posts:
Chanxex · 11/03/2024 13:27

I’d consider it for £300k and Would move for £400k. Anything less than that I wouldn’t get anything worth moving for especially by the time I had paid moving costs and stamp duty.

Mouldyfoodhelp · 11/03/2024 13:36

Chanxex · 11/03/2024 13:27

I’d consider it for £300k and Would move for £400k. Anything less than that I wouldn’t get anything worth moving for especially by the time I had paid moving costs and stamp duty.

3-400k on top of the guide price or total?

OP posts:
BresciaBike · 11/03/2024 13:39

An extra 6 figures on top of guide price. Moving is a hassle, it's disruptive to every single aspect of life and I have strong opinions on what I want and do not want in a home.

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UnimaginableWindBird · 11/03/2024 13:41

My house is cheap and fairly small, but I love the area. When I look on Rightmove for houses that I like better than the one I live in, they start at around 250k more than my house is worth. So to move, I would want a minimum of 250k plus moving costs, plus some money towards furniture/redecorating plus compensation for the time and stress of moving, lost annual leave etc.

UnimaginableWindBird · 11/03/2024 13:43

And that 250 would be on top of the guide price. You would end up paying more than double the value of my house.

mindutopia · 11/03/2024 13:46

Honestly, I don't think there is any price you could put on my house. I think maybe it's because it took us so long to get here. We waited and saved until I was early 40s to buy and then COVID hit and we went through several purchases falling through. I love where we live so much and I couldn't imagine living anywhere else that would have the same combination of things that I love. It's quite a unique property and we have a really nice community here. Maybe I'd consider it for double what we paid, but even then I'm not sure I'd sell. I think I'd rather live here than live somewhere bigger that isn't 'home'.

MuggleMe · 11/03/2024 13:46

Considering just to pay moving costs, lawyers, tax you're often looking at 60k, plus if someone is settled and happy, they'd want something better than what they're giving up. £100k-200k min?

Chanxex · 11/03/2024 18:22

Mouldyfoodhelp · 11/03/2024 13:36

3-400k on top of the guide price or total?

On top of the guide price. You’re talking about people who don’t plan to move. My house is perfect for me and I wouldn’t put myself through the stress of moving to move to something similar as I can’t imagine finding something as good as my current house for similar money. Therefore I would only move for something significantly better than what I have and that would be about £400k by the time I had paid moving costs

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