Reply to: Offer accepted....

[Marina]

I've bought many a house that was stacked high with junk. One place the cellar was so full of decaying crap decided it was easier to reopen the coal scuttle and drag line it out, I kid you not.

Maybe that solves the mystery of what became of the Nazis' hidden hoard of priceless treasures. Goering decided to hide them all in some anonymous cellar, where they were safe until Threaded bought the place, dragged them all out and burned the lot. Philistine!

[Turion]

If possible, convert the house to 2 flats and rent one out to help pay the mortgage whilst living in the other.

What will you do if you cannot sell th old place? do you have a contingency plan? - like withdrawing the offer?

[ChimpMaster]

Another reason I like this large house compared to my 2 bed semi is that I can easily rent out at least 2 bedrooms in the future

If possible, convert the house to 2 flats and rent one out to help pay the mortgage whilst living in the other.

[Xenophon]

Would love to fast forward 5 years and see how things go in the housing and job markets!

No need. You can get all the answers you need on the future of housing and job markets from this board.

[Wilmslow]

Another reason I like this large house compared to my 2 bed semi is that I can easily rent out at least 2 bedrooms in the future – I plan to return to contracting after my current projects comes to an end. Yes, I know it is an extreme way to stick to a site, but, considering the very high salary plus things like pension and all of that, needs must in these uncertain times. (I would be happy working away from home, hence happy to take lodgers doing the same thing as I would be doing mid-week).

Lets just say that I have had a few offers of work lately, but I am actually financially better off on the permie salary than the daily rates that have been put my way.

Would love to fast forward 5 years and see how things go in the housing and job markets!

[Xenophon]

Alf – Somerfields.

Yes, I know, but it is a nice 4 bed detached in a quiet car-park, and only 1 mins walk to the bargain section of the supermarket.

Fixed.

[Wilmslow]

Large 4 bed detached in Wilmslow for £275k

Where's that then?

You're looking at £400k minimum for that.

You are funny!

Alf – Summerfields.

Yes, I know, but it is a nice 4 bed detached in a quiet cul-de-sac, and only 10 mins walk to the train station through Wilmslow park.

Plan is to gut the rubbish, live with things, gradually improve, then take a nice long time on the market to move to something more me.

Gives me a good project to get my teeth into.

[Churchill]

Large 4 bed detached in Wilmslow for £275k

Where's that then?

You're looking at £400k minimum for that.

You are funny!

It's an ex-council house in Wythenshawe...

[threaded]

Why is this your problem. It is normal to make it a condition of sale that the house is empty of junk.

tim

I've bought many a house that was stacked high with junk. One place the cellar was so full of decaying crap decided it was easier to reopen the coal scuttle and drag line it out, I kid you not.

[Diver]

Large 4 bed detached in Wilmslow for £275k

Where's that then?

You're looking at £400k minimum for that.

You are funny!

It's in the suburbs, just outside Wilmslow. Finart in Scotland

[Clippy]

Why are bothering to buy a house?

When you become permie you'll be expected to live at the office.

[Alf W]

Large 4 bed detached in Wilmslow for £275k

Where's that then?

You're looking at £400k minimum for that.

You are funny!

[Turion]

Wilmslow, have you looked for a mortgage yet?

As one of the other posters pointed out, as the new house is a good deal, you'll also have to knock off a big chuck of your own property to level things out.

The trouble is most people want their new house for a bargain price and sell their old one for top shelf money and are disappointed when they have to mark it down.

You're gonna have to shift the banger first. Incidently... where are the piccies?

Know the saying 'Act in haste repent at leisure' often applies to marriage, but also to property.

The old place will have to be sold real cheap, and not because of the bad market. I mean he's had trouble with the neighbors. Police involved and all that. Will need to come clean now or could face having to buy it back / and or pay compensation to the unwitting buyer

Here are some solutions: He can always get a bridging loan and wait a few (many) years before selling the old place in order to get a good price. Or he can just rent it out, and get 100% mortgage on new place (maybe not possible now).These are just two ways to certain grief, but I can think of some more.

[miffy]

Contract to permie, now buying a house in this climate. Inconsistent thinking here? Didn't you want to get a perm role as a port for the coming storm? Which wouldn't make now a good time to buy a house?

Wilmslow, have you looked for a mortgage yet?

As one of the other posters pointed out, as the new house is a good deal, you'll also have to knock off a big chuck of your own property to level things out.

The trouble is most people want their new house for a bargain price and sell their old one for top shelf money and are disappointed when they have to mark it down.

You're gonna have to shift the banger first. Incidently... where are the piccies?

[Wilmslow]

Contract to permie, now buying a house in this climate. Inconsistent thinking here? Didn't you want to get a perm role as a port for the coming storm? Which wouldn't make now a good time to buy a house?





Silly sod.

Moving as only £20K more to get a much larger detached house that is going for a bargain. Will not take a lot to get it up to scratch, hence will be in a better position.

Only need a 100K mortgage over 15 years, ie, will have 150K equity.

Hence crash would be a good thing for me.