I'm trying to buy my first house in Scotland and getting so dejected. Everything is going for well over the valuation/home report price, and I don't have £30k sitting in the bank to offer over and above the mortgage deposit. The last place I offered on went for a full £45k above valuation.
It's looking like the only way I'll get something is if it's in a horrible area, or it's so run down that it needs £££s of repairs. And again, once I've put down a deposit I won't have all that cash for home improvements. I don't care if the place is horribly decorated or outdated, but even properties in full 70s decor are going for above valuation.
Is there any hope of the market cooling down soon?