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House Sold

This is a discussion on House Sold within the The Roadside Hotel forums, part of the Members Area category; Completion today, cash in the bank Can't express how bloody delighted I am given today's market - it really was ...


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Old 27-05-2008, 18:38   #1
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House Sold
Completion today, cash in the bank

Can't express how bloody delighted I am given today's market - it really was make or break, with my relocation down to Wiltshire if this sale had fallen through (looked like it would do a couple of weeks ago) I think I'd have been well and truely 'rubber ducked' financialy - faced with paying a mortgage on a house in Preston (market flooded with 3 bedroom semi's) whilst shelling out £850 per month in rent down here....

Will I be jumping back in... no chance, I fully intend to sit back for a full 12+ months and not have to worry about mortages, houses, hips or anything house related
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Old 27-05-2008, 19:12   #2
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Re: House Sold
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Will I be jumping back in... no chance, I fully intend to sit back for a full 12+ months and not have to worry about mortages, houses, hips or anything house related
You'll find yourself a bagain in 18 -36 months.

Nice move.
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Old 27-05-2008, 19:27   #3
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Re: House Sold
Congrats, I wish we could sell our house, with the cost of such a long commute to work I can't wait to sell and get moved.
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Old 27-05-2008, 20:34   #4
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Re: House Sold
Excellent, well done.

So are you just renting for a year now then ?
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Old 27-05-2008, 20:40   #5
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Re: House Sold
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Excellent, well done.

So are you just renting for a year now then ?

Yes.... like I said 12 months +

The crazy thing is I'm renting a house I could't aford to buy..

Must admit quite nice knowing I haven't got a mortgage anymore and some cash in the bank, if we decided to relocate once again in a year or so's time it would be so simple
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Old 27-05-2008, 20:48   #6
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Re: House Sold
Yep, and the peace of mind that you're not in a chain etc...

Enjoy !
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Old 27-05-2008, 21:05   #7
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Re: House Sold
I'm enjoying renting now after selling my house when I split from the ex. I sold end of Feb right at the peak before prices started dropping. My £1100 mortgage is now almost half that in rent.
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Old 27-05-2008, 21:08   #8
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Re: House Sold
Blow the lot on a very fast car
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Old 27-05-2008, 21:12   #9
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Re: House Sold
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The crazy thing is I'm renting a house I could't aford to buy..
Nail on head.

Well done in being able to get your situation sorted. If you don't mind me asking (and I'm not expecting exact details) but in percentage terms how much less did you sell for than simialr houses are currently on the market for? You know, the ones that aren't selling.

55? 10%? 20% more?

I'd take a stab at 15-20% but would be interested to know.
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Old 27-05-2008, 21:16   #10
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Re: House Sold
Nice one John

Worked out perfect
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Old 27-05-2008, 22:24   #11
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Re: House Sold
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Nail on head.

Well done in being able to get your situation sorted. If you don't mind me asking (and I'm not expecting exact details) but in percentage terms how much less did you sell for than simialr houses are currently on the market for? You know, the ones that aren't selling.

55? 10%? 20% more?

I'd take a stab at 15-20% but would be interested to know.
7.27% to be exact.....

However, the offer was accepted back in February - if I'd only accepted an offer no I'd fully expect it to be in the 15-20% region you estimated.

I'm thanking my lucky stars as I really do think I escaped at the last possible moment
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Old 27-05-2008, 22:25   #12
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Re: House Sold
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Nice one John

Worked out perfect
Bit of a roller-coaster but got there in the end... Thanks Rob

Now we can properly start to enjoy our life in Wiltshire with out the house sale thing hanging over our heads
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Old 27-05-2008, 22:27   #13
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Re: House Sold
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Blow the lot on a very fast car
I was tempted to go straight out and order an RS6... thank god there isn't an Audi dealership nearby !!!

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Old 27-05-2008, 22:38   #14
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Re: House Sold
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I was tempted to go straight out and order an RS6... thank god there isn't an Audi dealership nearby !!!
Oooh I like shopping for cars, especially when it's with someone elses money!
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Old 27-05-2008, 22:43   #15
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Re: House Sold
What's a mortgage?
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Old 27-05-2008, 22:45   #16
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Re: House Sold
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What's a mortgage?
Didn't you take one out for your car.
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Old 27-05-2008, 22:46   #17
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Didn't you take one out for your car.
Are they like back seats then.
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Old 28-05-2008, 09:04   #18
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Re: House Sold
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Are they like back seats then.
Yep, thats the one
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Old 28-05-2008, 09:08   #19
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Re: House Sold
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What's a mortgage?
Cheaper than running a tuned car & tuned Nissans are no cheaper than tuned Skodas
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Old 28-05-2008, 09:11   #20
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Re: House Sold
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Completion today, cash in the bank

Can't express how bloody delighted I am given today's market - it really was make or break, with my relocation down to Wiltshire if this sale had fallen through (looked like it would do a couple of weeks ago) I think I'd have been well and truely 'rubber ducked' financialy - faced with paying a mortgage on a house in Preston (market flooded with 3 bedroom semi's) whilst shelling out £850 per month in rent down here....

Will I be jumping back in... no chance, I fully intend to sit back for a full 12+ months and not have to worry about mortages, houses, hips or anything house related
Dont say never, there will be some desperate to sell so keep one eye on the market, if you see something you really like offer 20% below & dont budge, you might get lucky, some are, especially on new houses as builders are trying to shift stock
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Old 28-05-2008, 15:10   #21
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Re: House Sold
Congrats mate, can you pass a little luck in my direction please?
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Old 05-06-2008, 11:21   #22
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Re: House Sold
hahaha ur selling and am tryin to buy a house that am renting well done mate hope all goes well
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