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Old 08-04-2008, 09:22 PM   #1 (permalink)
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Offer on the house at last

It's been an odd journey, but we had finally had an offer at £14,000 below our original starting price. If I think about it, it is a realistic price for the market as it stands now. Admittedly it was slightly less than one that sold last summer and was in worse condition than ours. I think we are looking at prices that they were fetching a couple of years ago.

I've heard quite a few reasons for them not selling, but one I found interesting was that people are opting to rent because it's cheaper than paying a mortgage. That's certainly a turn around from when we first chose buying over renting nearly 11 years ago for the opposite reason. We had considered renting until hubby came back with the rumour that we'd have to pay 40% tax on any money brought into Oz after a year (and it turns out that rumour was all it was). So we decided we'd be better off dropping the price now and being better off in the long run. This was still probably the best idea because the last viewers (who we hadn't heard back from for weeks) got a sudden burst of interest and put in an offer.

Now, just how to break the news to my OH that the rumours weren't true.
Cara

PS: Wishing the best of luck to all those still waiting for that offer and to anyone considering renting.
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Old 08-04-2008, 09:33 PM   #2 (permalink)
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Great news Cara, I hope it all goes through smoothly for you.

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Old 08-04-2008, 09:34 PM   #3 (permalink)
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Congrats on your house sale. Great news.

We are in rented and we are paying far more than we were when we had a mortgage. Admittedly our house was a 3 bedroom end of terraced and we are now renting a 5 bedroom detached. This is only costing us £800.00 pm because it has been bought by developers and it needs alot of work, but we were looking at 2 bedroom flats for £750.00 and that was a bargain.

Anyway congrats again.

Claire
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Old 08-04-2008, 09:52 PM   #4 (permalink)
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Congrats on the sale - that is really great news in the current housing climate. Our house is not on the market yet and I am already starting to worry about the prospect of us selling quickly. I hope all goes well from here on in and wish you lots of luck with the rest of your move!

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Old 08-04-2008, 10:42 PM   #5 (permalink)
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Cara,
Congratulations - hope it doesn't take to long. we are in early stages as well.
Fingers crossed
Amelia
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Old 09-04-2008, 12:31 AM   #6 (permalink)
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WOW lucky you

How exciting, lots of things to organise now I am sure

GOOD LUCK

will keep everything crossed for you
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Old 09-04-2008, 07:58 AM   #7 (permalink)
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congrats on the sale, hope it all goes smoothly
donna
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Old 09-04-2008, 11:53 AM   #8 (permalink)
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Old 09-04-2008, 12:08 PM   #9 (permalink)
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That's fab news.... really chuffed for you. Good luck with the house sale and the planning you can now start doing for your new life down under!
Lynda
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Old 09-04-2008, 01:55 PM   #10 (permalink)
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Congratulations! It is always good to hear of a house sale as it gives the rest of us hope!
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