General Discussion: Property thread


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Crackajack
Crackajack avatar

7144 posts since 21/4/05

22 Oct 2019 14:14
Won't be going to the max for this one. Bid our max on others. Harder this way…
sydneyking
sydneyking avatar

4558 posts since 26/9/09

22 Oct 2019 14:47
Crackajack wrote: Seen a place on for 550, made an offer over the asking price and now they are asking for 'best and final' offers over 600 to be submitted within 24hours Eek

I think it was probably undervalued a little as they seemed to have 30+ viewings in two days but it now feels really hard and arbitrary to pick a number out of thin air. The one next door (not as nicely done but essentially this is the same house - no big extension or anything) sold for 560 earlier in the year.

Any tips for this situation?

That’s a 7-8% increase, has anywhere in the UK seen that sort of increase in the past 12 months? Obviously I don’t know the property or area you’re looking at and it may just be that both properties were/are seriously undervalued. If not I’d be very reluctant to pay that sort of a markup
Crackajack
Crackajack avatar

7144 posts since 21/4/05

posted 22 Oct 2019 16:24, edited 22 Oct 2019 16:24
The one that sold on the same road for 560 in Jan 2019 didn't have a new kitchen, garden was a mess, no original features, front and back reception not knocked through, new-ish but poor UPVC windows etc. which explains a bit of the difference with this one.
deuce
deuce avatar

13688 posts since 21/1/08

23 Oct 2019 09:25
they've got you by the balls when buying a home, as its mostly an emotional purchase. you fall in love with a place then MUST have it, so you do whatever you can to seal the deal, like paying way above valuation

i think its important to take a step back and look at it a bit more logically. if your friend was in the position you were in, what would you advise them to do? I cant imagine it'll be to spend an extra 50 grand
Crackajack
Crackajack avatar

7144 posts since 21/4/05

23 Oct 2019 16:22
Thanks for advice chaps.

Some nutter offered £75k over the asking price Laughing out loud Really glad that wasn't us.
16simon
16simon avatar

464 posts since 21/4/11

23 Oct 2019 16:40
deuce wrote: they've got you by the balls when buying a home, as its mostly an emotional purchase. you fall in love with a place then MUST have it, so you do whatever you can to seal the deal, like paying way above valuation

This is true x100 if your woman is involved

deuce wrote: i think its important to take a step back and look at it a bit more logically. if your friend was in the position you were in, what would you advise them to do? I cant imagine it'll be to spend an extra 50 grand

Good advice but was a huge source of stress/arguments with my OH

themistake
themistake avatar

10520 posts since 20/2/06

30 Oct 2019 22:37
Currently looking to buy a ground floor/basement flat in a split Victorian house with one other freeholder.

The flat has sole use of the rear garden, we would only be interested in purchasing the property if we could do a single story rear extension.

This sort of extension doesn't require planning permission but could the other freeholder refuse permission?
Other houses on the road have rear extensions.

stoney
stoney avatar

17396 posts since 22/1/05

31 Oct 2019 05:17
Depends what it says in the lease. Normally it will say something like they can’t unreasonably without convent. Your solicitors will be able to confirm.also could hive the other gist a Knock and have a friendly chat.
stoney
stoney avatar

17396 posts since 22/1/05

31 Oct 2019 15:18
Just exchanged on a purchase today. Going to follow a similar renovation style to the last project. The windows are ok but not the colour. Mrs thinks you can have the frames painted or sprayed. Anyone got any experience of this ?
sydneyking
sydneyking avatar

4558 posts since 26/9/09

31 Oct 2019 15:34
Upvc you can, I’ve had a composite wood door sprayed but not windows. I think you can pretty much do any colour and finish you like
stoney
stoney avatar

17396 posts since 22/1/05

31 Oct 2019 17:33
Yeah upvc will save a load of can make it work
stoney
stoney avatar

17396 posts since 22/1/05

31 Oct 2019 17:59
*money
R
R avatar

12994 posts since 17/5/03

31 Oct 2019 21:33
upvc Sick!