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Price guilt - anyone else?

4 replies

Simonlebonbon · 17/05/2023 19:35

I feel what I'd need to sell my house for would be quite high but I also have a feeling it will sell. 20k over zoopla's suggestion however, it's not as much as some not done to the same standard in the area either. They're ranging from 235k - 300k for a 3 bed semi. And the EA have said zoopla is bollocks so to stop worrying.
I need to sell for 265k min, so plan marketing offers over 275k and will go down if not.

But I feel ridiculously guilty at the prospect. I'm sure I'm being a bit daft as you can't just give your home as a bargain to someone unless it's viable.
But the prices are so extortionate!

I'm sure I'm being a bit of a "stresshead" as my DC call me, but I'm not desperate to sell really, so I can afford to wait around.

I just feel that someone spending this money on a house that was significantly less even just 3 years ago now is such a shame for them.

Anyone else feel like this? I feel grabby, however it needs to be a certain amount to make moving viable.

OP posts:
Malbab · 17/05/2023 19:38

but surely the house you would be purchasing also will have prices inflated- so that makes it even? and it is all about inflation- money value is gone down and therefore purchasing power, nothing for you to feel guilty about

Wednesdayonline · 17/05/2023 19:40

Definitely don't feel guilty. And that's coming from a first time buyer buying my (v. small) first house now for around that same price. Honestly I've never felt annoyed at the seller, houses increase in value that's just the nature of things.
You'll be buying a house that has also increased in value so it just makes sense really :) may as well get as much as you can for yours, but you seem like a lovely person!

Iguanainanigloo · 17/05/2023 19:44

The only people getting screwed by higher house prices are first time buyers. People who have a house to sell when moving, will also be seeing an increase in their house price too. I felt awful when we bought our first home during the recession as the people we bought off were selling as they could no longer afford their mortgage, and they'd made a huge loss on the house, despite doing loads of work to it. We also offered under asking price as it was all we could afford, but estate agent pushed us to view it, and they accepted. I would have offered more if we could have, but they were just desperate to sell, and liked the fact we had no chain behind us to slow things down. Still feel bad about it 16 years later

Simonlebonbon · 18/05/2023 08:25

I'm honestly reeling at it all.
It's such an unfair system!

I understand what you mean about the house we'd be buying also being inflated, it still seems quite unfair.

I have some furniture that has been bought specifically to fit this house and its often commented on by people how they like it, I think if I get a nice buyer I'll offer to leave it for them, it has been bought for specific places. I'm also going to leave built in appliances and ensure before we leave everything is in perfect working order and tell them who insures the white goods etc!

I bought my first house at 20 and the crash happened 4 weeks later so I spent over a decade worried about negative equity - but then they shot up and I was OK, but I'd hate anyone worrying the way I did for so long! 🙈

@Wednesdayonline absolute best of luck with your new home! 💐

@Iguanainanigloo I know in the position of the people you bought from, they'd be glad someone so got a bargain. 💐

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