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Settling with compromises or waiting...

28 replies

OUB1974 · 25/03/2021 19:31

I'm finding the decision process so difficult with our current house hunt as there are so few going on the market where we live

We know what we should be able to get with our budget. We want 3 bedrooms (they don't have to be huge but no box room), spacious downstairs with room to play, decent garden and parking, and close to school. Our budget is enough for a semi that meets our requirements. There is a large estate that meets our criteria, with dozens of houses that probably match our requirements. But none for sale!

We want to move quickly, but we have sold and we are staying with family, so there isnt the urgency of having to complete a chain. When houses do come up - with compromises - I'm finding it difficult to decide whether to go for it or wait for something more suitable.

In the past 3 months only 2 houses have come on the market: 1) a 4 bed detached, only 10k over budget (and we could have borrowed it), but had a tiny garden, so we decided we didn't want to pay extra for a bedroom we didn't need. 2) was just quite tiny downstairs and although the garden was adequate, there was no room for extending and there was a huge outbuilding taking up half of it.

Now another house has come up. Perfect, period features, huge rooms, huge garden and a few yards from the school, but with no parking. I've driven around a few times and the road seems to have plenty of parking spaces, but when we started looking, one of our main criteria was a driveway. Now I'm beginning to wonder if we can compromise on this. Turning down the other houses was relatively easy, as I know something comparable will come up. But this one is really special. Argh, I don't know!

We havent viewed it yet, so that may change things. But how do you decide when to stick with one, and when to wait? I'm worried in a few months we will get less for our money, and we will end up buying one of the tiny houses as that will be all we can afford. It's so difficult to know where to compromise!

OP posts:
Onandoff · 29/03/2021 21:28

What did you decide?

OUB1974 · 29/03/2021 21:47

We put an offer in @Onandoff, but they turned it down. We don't feel inclined to offer more while we're the only offer on the table, but we will see how it goes! We're a good prospect (cash buyers and no chain) so I'm hoping they'll get back to us and let us know a figure they want and we'll see if we can pay it.

OP posts:
Onandoff · 29/03/2021 21:52

@OUB1974

We put an offer in *@Onandoff*, but they turned it down. We don't feel inclined to offer more while we're the only offer on the table, but we will see how it goes! We're a good prospect (cash buyers and no chain) so I'm hoping they'll get back to us and let us know a figure they want and we'll see if we can pay it.
Sounds promising. Might be worth calling if you don’t hear, depending on how much you want it. We lost one to a higher offer and they didn’t call us, even though we were chain free and the other buyer was in a big chain. It suited the EA to go with that buyer as he was selling their place too. It still hasn’t exchanged, months and months on and wasn’t right for us in lots of ways plus a money pit- but it was a bit annoying.
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