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Wwyd offer accepted yesterday now having second thoughts.

3 replies

jmh740 · 31/08/2017 16:29

I've inherited some money and want to use it to buy a house. We've looked at about 10 houses and I've taken my parents to see 2. They much preferred the second house and the reasons why made sense dad doesn't like the fact one is leasehold,no1 is 4 bed detached with conservatory, has no storage at all would have to keep everything in the garage the kitchen is separate I would probably spend all my time in there on my own there is 3 lots of heating separate heating for the kitchen,conservatory then rest of the house, lounge has no fireplace no window has doors straight into conservatory, bathroom is small door bashes into the sink when you open it.it was originally ohs fave house but on second viewing these things put me off a bit and he says he can see where I'm coming from, second house is 4 bed semi with a garage conversion which could be a den for the kids and an amazing garden, dining kitchen so I could chat to people while they sat at the table, lots of storage but front door opens into the lounge and the downstairs loo opens into the lounge but I think we could put a door in so there is a bit of a hallway,it's also freehold, oh has MS and could possibly end up in a wheel chair in the future, weve been looking at houses with a downstairs room that could maybe be a bedroom in the future if nessesary. I've always preferred the second house. After I'd taken my parents I went back on Monday with oh. While there the seller told me they had had an asking price offer but hadn't done anything until they had spoken to us. We did lots of talking at home and decided to offer 2.5K less than asking price which is what I had previously decided would be the max we would spend hoping the fact we are cash buyers and not in a chain would be in our favour. They rejected that offer so after more chatting with oh I matched the asking price offer. They accepted it yesterday morning. Oh is neither happy or excited. He's saying that the extra 2.5k will make it tight financially we really wanted to get rid of all our old furniture and start a fresh with everything will not be able to do this if we have to pay full price (i think we can get the essentials a new bed for us and the 2 kids and a sofa and replace things like the fridge washer drawers etc in the next 12 months )and it's not his fave house. It is by far the nicest house we have seen all the others would need lots of work, both these houses are on the same estate. I said they only other option is to look at 3 beds with a second reception room and put a sofa bed in for when our adult children come to stay. I'm now not sure if we should retract the offer and keep looking which I feel really uncomfortable about or hope that the house grows on oh. I do feel a little like we have been rushed into a decision but none of the other houses have come anywhere close to these two.

OP posts:
Guiltypleasures001 · 31/08/2017 16:36

Are you rushing in to choosing something ya think? Would a bungalow be more suitable for your future needs.

AppleJacques · 31/08/2017 17:45

I agree with guilty above, you've looked at 10 houses but has that been in quick succession? If you waited for any new listings in September or even next spring might you find something better in your budget or are you certain (as you can be) that you've seen the best your money can get?
If you're sure house 2 is the best you can get then I don't see it being top of budget as a problem, the most important thing is the house/plot, you've got time to save to make any little changes you might need such as adding a hall or porch. And new furniture would be nice but I wouldn't sacrifice a house you love for a new sofa. As an aside I'd avoid anything leasehold if you possibly can, freehold will normally always be better for a house.

Middleoftheroad · 31/08/2017 17:53

I would take a breath. Remember,

You are a cash buyer
The housing market is slowing right now
You are in a strong position
Can you try renegotiating say 1k under? Stress that you are a cash buyer again. People are let down all the time because buyers don't secure their mortgages.

Go see the house again to be sure.

You may end up renegotiating at survey stage if any niggles.

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