i bought a house this week, need to sell mine, am i mad???

[redrobin]

eek! saw dream house a fortnight ago, bought it last week and our current house is now on sale! oh my GOD am i mad?

ah the grange you should sell nae bother.

peebles is a BIG change, v. exciting though.

do you think Goat? the flat above me has been on teh market since April (tis a dump right enough). and there's one round the corner which has been on for weeks too. (we are not one of the enormous ones by teh way!)

Is your house (or can it be) well presetned? We sold our last flat for over £70k when the indentical flat on either side (one acorss the close, the other through the wall on the other side, ie up thenext close) went for £10-15k less. Purely becasue we had presetned our flat well and had de-cluttered. We even hired a wee storage unit to get stuff out of the flat. Peole bought inot the "aspirational" stuff: to be all poncey, they bought our "lifestyle". And alothgh we'd invested in the kitchen, tbh the rest of the house was pretty ordinary: just exposed floor boeard in the living room and simple. fresh decoration.

.... although having said all of that, selling the flat was the worst financial decision we ever made as we could have afforded to keep it on and the rental would have more than covered the mortage - and it would now be worth a lot more!

I'm in Edinburgh and know a few people who've bought and sold recently, no problem. Grange is lovely - bet you'll be fine.

I also know loads of people who have moved to Peebles! Where in Peebles are you off to?

pretty - yes house is as good as i can get it, offloaded loads of toys and clutter to my mums, garden all tidy, got nice flowers, bedlinen blahdeblah, even got my outfit ready for viewing (!) - you are so right about buying the lifestyle (although have totally disguised the lifestyle i ACTUALLY live, which is toddler encrusted chaos!).

house in peebles is right by the river, so pretty central. have your friends found it easy to settle snow?

In this lovely sunny weather, who couldn't fail to sell?!

Have yuo got flowers from your own garden liberally arranged around the flat?

That report that houses are going to rise by 25% over the next few years was put out by the National Housing Federation. This is roughly akin to British American Tobacco putting out a report that within five years cigarettes will be shown to have life-extending properties.

The BBC may be reporting it as 'news' but it is nothing more than cheap PR. (Ah, journalism is not what it was).

Hope you get a quick sale -but until then, step away from the pen!

Sounds lovely. Yes, they love it there (mostly people with small children) and there is quite a big music scene there which they're all involved in. I'm an urban type, but I'd almost consider it myself just for all the gigs and parties!

We never seem to have epxerienced the massive highs and lows of the English system - but the upside is that the market only ever seems to slow slightly but never absolutely stalls.

Altohugh Edniburgh has been going through some major price hikes.

Prettybird - prices did not crash so much in Scotland last time but that was because they did not increase so much in the bubble that preceeded the crash. Also, the offers over system tended to hide the extent of the falls with places selling for close to the offers over price rather than significantly above it.

This time prices did shoot up dramatically in the bubble (see graphs on upmystreet). I reckon it is only a matter of time before prices start to fall back. Where I live in Edinburgh the for sale signs came out in the Spring and none of them have come down yet. I keep an eye on ESPC and the number of properties listed for sale appears to have trebled in the past few months. I don't think that prices can hold with supply increasing so dramatically and demand curtailed by mortgage availability.

That said redrobin, your target market for a ground floor flat in the Grange is almost certainly downsizers so you should hopefully be immune from the downturn. Best of luck.

oh GAWD...thanks upwind. fingers crossed for me!

I agree Upwind - but I would still say that although we have seen some good growth, we have not seen the massive increases that England had "enjoyed" - so we should be spared the worst of the downturn, at least in the housing market. Having said that, Edinburgh might be the expcetion - like Aberdeen was during the oil years - where it did overheat and there might therefore be some cases of negative equity - but nothing like the numbers that you come acorss in England.

redrobin - could I cheekily direct you to this thread...?