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Original poster

Oh no. So property is selling after all...

15 replies

sparkleymummy · 14/04/2008 12:51

The house I love has just sold. It was very near to a very large dodgy estate and so we put in a low offer. Decided not to go higher thinking market would drop and they'd come back to us but now someone else is buying it.

Not sure whether I'm completely gutted or a bit relieved that the dilemma has been taken away.

OP posts:
Vulgar · 14/04/2008 12:58

sparkleymummy -this has just happened to us to.

i'm gutted!

RubyRioja · 14/04/2008 13:01

This reply has been deleted

Message withdrawn at poster's request.

Original poster
sparkleymummy · 14/04/2008 13:05

I'm trying to tell myself that the fact that we viewed it eight weeks ago and hadn't increased our offer means that subconsciously we knew it wasn't the right house.

You're right ruby. it obviously wasn't meant to be. I just hope I don't drive by it in years to come and think we should have gone higher (although our offer was only 10 per cent below asking and we're chain free buyers!)

OP posts:
RubyRioja · 14/04/2008 13:23

This reply has been deleted

Message withdrawn at poster's request.

Fizzylemonade · 14/04/2008 14:17

I believe in fate, my mate actually bought a house (some 5 years ago now but the story still relevant!) it was all going well then her buyer pulled out.

As she couldn't get another buyer the house she was buying was put back on the market and someone else bought it.

She was gutted but then realised that she hadn't even driven past it in the 3 months after her offer had been accepted and hadn't indulged in her usual planning out rooms.

She then found the house of her dreams where she now lives. No regrets. If you had wanted it you would have offered more.

Me? I'm an asking price girl, I want it then I will pay a few grand more than others will to get it and get it off the market. Oh, only if I think it is worth it

Vulgar · 14/04/2008 15:07

Fizzylemonade - I think I'm like you. I'll pay the asking price if I think it's what I want.

Well I wanted to offer more but my tight husband spun me the yarn that prices were coming down.

I do believe in fate BUT I really think we should have offered more as it was a pretty unique property. I feel sick thinking about it. And I have ben spending many hours mentally redecorating and checking out schools.

BrummieOnTheRun · 14/04/2008 15:49

Another house always comes along. Don't beat yourself up. If it's meant to be, it's meant to be!

People are mad to blow their budgets in this market. The only thing holding the economy together is lack of unemployment. If the layoffs start, it'll be carnage. If companies start cutting back, and some already are, we'll be watching the perfect storm.

Original poster
sparkleymummy · 14/04/2008 16:14

And I hate to say it but higher unemployment is coming. I had three new pieces of work come in on Friday from large companies involving large scale redundancies (am an employment lawyer).

OP posts:
Original poster
sparkleymummy · 14/04/2008 16:16

(not a brain dead, nail filing, non book reader as posters on other threads might have everyone believe)

OP posts:
noddyholder · 14/04/2008 16:17

Wait!!!

BrummieOnTheRun · 14/04/2008 16:28

interesting about the redundancies, sparkley. mind you, redundancy packages for professionals and other high earners tend to be generous so I can't imagine many people will end up on the streets. friends of mine made a mint out of telecoms redundancies in the early 2000s.

Original poster
sparkleymummy · 14/04/2008 16:34

Unfortunately these are not paying out much more than statutory. I've been back at work for about three weeks now and practically everything I've done is redundancy related. My workload is looking very different from how it was a year ago when I left for mat leave.

OP posts:
Vulgar · 14/04/2008 17:26

So you all think it is prudent to wait?

We have a tiny house and quite a small mortgage but we want to move and spend a fair bit more. But I can't help but think that the crash is going to hit the lowest end of the market first.

And I really feel for those who are going to struggle. I know I'm one of the lucky ones really.

BrummieOnTheRun · 14/04/2008 17:37

If it hits, which I think it will, it will be all sectors of the market.

I'm looking at mid-range 4 bed houses at the moment, and the few sellers who absolutely need to sell are dragging down price expectations for all similar houses in the surrounding area.

They don't need to sell because they can't pay their mortgages, it's because of death, divorce, relocation...

The others need to follow suit and reduce prices, pull their houses off the market or sit there for another 6-12 months because no one needs to buy. Renting is a cheaper option at the moment and buyers don't feel they're missing any boats.

Vulgar · 14/04/2008 18:34

That's interesting Brummie.

I feel doom and gloom, not because I want to bag a bargain but just that I won't be able to find a suitable house.

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