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The Bull Trap

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About The Bull Trap

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    HPC Member

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    http://yakbite.deviantart.com
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  • Location
    East Retford, Notts.
  • About Me
    Approaching 30, and just bought a house. Got 30% off so hopefully I'm covered for the falls!
  1. I bought in December last year. Hand forced so to speak by a missus fed up of waiting, a baby (born two weeks ago), and the right house coming up, otherwise I think I would still have waited. [*]Asking Price - Had been on the market for a year and a half, initially for £205,000, falling to £195,000 [*]Your offer - Needed Mortgage [*]Your position - Was renting on a running contract so only a month notice required [*]Your offer - Initially £140,000, then £145,000. We then left it for six months and went back with £152,500 [*]Accepted eventually as they needed to move, did move assuming the house would sell then found themselves stuck with it. [*]Any other feedback - Yes, we went to see the owners and did all of our dealings face to face even though they insisted we did the sale through the EA. Much easier and cut out the ********. Hope this helps!
  2. Merry Christmas one and all, I hope you all have a great 2013 and beyond
  3. I work for a veterinary supplier, we've got inflation in our industry at 4.4%
  4. I just bought a house. I've been sat waiting for six years, prices have come down, I got married and my Mrs is pregnant. The village we rent in is nice, good school etc. and a house came up for £210,000. It sat there for a few months and they dropped to £195,000. We looked around, offered £150,000. They said no, they want £175,000. Anyway, six months, a collapsed sale, council tax bill kicking in (they moved out into a smaller place) and winter looming, we sealed the deal at £152500. We put £40k down so I'm borrowing 3.5x my wage and we've got Manchester Building society's fixed 25 year mortgage at 5.2%. I might regret that if rates never rise, but peace of mind is worth a certain amount to me. Payments will be £670 which is only slightly more than we're paying rent at the moment. I expect prices to fall further, but we spent so long looking for a nice house we could negotiate a lot of money off so we took the chance. My main motivation was when I realised that as we've fixed for the life of the mortgage we pay back 200,000ish for the 112,500 borrowed. If prices drop but interest rates rise, they would have to fall a long way until the true cost of buying a house (including interest rates) would be less. Besides, it has a big garden for veg and garage/shed/greenhouse for me to stash up with tin cans If you really want to buy, make sure you negotiate a ton of cash off and I personally wanted to eliminate worry about interest rates rising. The house is also good enough for us never to move.
  5. Can't tell you much about Hayfield, but it's very close to New Mills, where the Swizzels Matlow factory is. Not sure if you can smell it in Hayfield, but the smell in New Mills when they are making sweets is AMAZING. The whole place smells of refreshers or those hard powdery lollies they do.
  6. I viewed a house on for 209,000 and offered 160,000. They came back with no. Then, a week later, they said, how about £180,000. Two days after that £170,000. After that, we went for another walk around and discovered the neighbour is building a massive garage blocking the views from the garden (house has been empty for two years so they must have taken the opportunity to pass planning) so we withdrew the offer in the end. I'm almost certain they would have come down to £160,000 Don't know if that's any help or not!
  7. Is it just me who suspects the government may have encouraged this panic buying in an effort to boost GDP and stave off official recession? Does the sale of fuel count towards GDP (a tad ignorant of this, sorry)? I'm not one for lizard men conspiracies by the way, just a thought and I wondered if it was possible or if anyone else had thought similar?
  8. We stuck an offer in on a house a month back - on originally for 289,000, currently 229,000 'reduced for quick sale'. We offered £180,000 and got told they were looking for 210,00. I told the EA that they might well be, but the property has been on the market for 4 years and if they expect to sell it and are keen for 'a quick sale' then they may be advised to consider our offer more seriously. Anyway, last week the house appears with 'under offer' next to it on RM. Futher digging reveals that the offer is our offer, which they refused, and was 30k off what they want. I'd say they're trying to smoke out any other interested parties.
  9. You get on the spot fines for illegal irrigation, although you only normally get caught in city centres. Not had any trouble on the walk back to the village.
  10. http://www.google.com/trends?q=ferarri&ctab=0&geo=all&date=all&sort=0 Increasingly less...
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