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House Price Crash Forum

Jools

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  1. Interesting, but why does cell G20 say "90000-G19"? Why 90000? Looks like a mistake to me.... J
  2. There seems to be a lot of places coming onto the market (obviously people waited until after Christmas) around that area. According to findaproperty 17 new instructions in Morden and 22 new instructions in Colliers Wood added in the last three days. Seems a lot to me. And there seems to be a gap in price between around 190000 to 230000 - no properties in the price range. Wonder why that is - it'll be interesting to see how quickly these sell.... and whether their prices will come down. J
  3. Thanks everyone... The price of the house was actually put on the market at 225000 before being reduced... just goes to show that houses are not selling around the area (or sellers are just beleiving the estate agents or media that they can overvalue their house). Get a new wife? I've only just got her!! Seriously, she isn't putting pressure on me to buy - well not too much anyway. Thanks again for the advice.. I wonder if I could go in with a lower offer considering the state of the market. Is it me or have things got worse in the last two weeks (things seem to be happening quickly now) - just after I had the offer accepted. I think it is a case of different circumstances, and I don't really care about making loads on a house (it would be nice in the long run, but it isn't my priority). I will think about how much I can save if I carry on renting and see what happens in 6 months. it would be a bit rubbish to lose the 1500 quid I have spend on the paperwork, but perhaps that's the best thing. It really is so tricky and quite stressful to try and make the right decision. thanks again everyone J
  4. I have had an offer on a house accepted (around Morden - South London), have paid for the survey and part of the solicitors costs… Now I really am getting cold feet. All I wanted was to get a house, for my new wife and I to decorate it and make it our home, rather than having a rented place where we are pretty tied to what we can do. I have not overstretched myself to get this mortgage as I have a 10% deposit (the 2 bed house is 205000 - down from 212500 it was on the market for) Now I'm not sure if I'm doing the right thing buying - especially after the recent news regarding house prices etc. I'd probably look to stay there for 5 years or so, but would hate to be in a situation where I want to move but am stuck there because of negative equity. Not sure what to do now, or where ot get the best advice from…? Cheers J
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