Hi all, its been a while since I've posted here in AAM so here goes...
I'm in a position to purchase a house. We've found one that literally ticks all of our boxes with the exception that my OH will have to do the same commute he moved to the city to get away from 15 years ago. We also need a very specific type of property as I've medical needs that render 2 up 2 downs unsuitable and we currently live in a multi development apartment that we own, are currently paying 25% towards the capital of the mortgage so will pay it off early I suspect. I currently don't need to work for financial reasons, but would like to volunteer and we've no other high interest debt, clear credit and don't need a mortgage & would be unlikely to get one given my OH is an Architect.
My question is would be silly to offer the asking price simply because I have no interest in getting in a bidding war and we will be paying cash, that we actually have access to, its in a 7 day deposit account.
The asking price is 400K, not many houses go up for sale on this particular road, and the last one that did sold for 725K 5 years ago.
I'm in a position to purchase a house. We've found one that literally ticks all of our boxes with the exception that my OH will have to do the same commute he moved to the city to get away from 15 years ago. We also need a very specific type of property as I've medical needs that render 2 up 2 downs unsuitable and we currently live in a multi development apartment that we own, are currently paying 25% towards the capital of the mortgage so will pay it off early I suspect. I currently don't need to work for financial reasons, but would like to volunteer and we've no other high interest debt, clear credit and don't need a mortgage & would be unlikely to get one given my OH is an Architect.
My question is would be silly to offer the asking price simply because I have no interest in getting in a bidding war and we will be paying cash, that we actually have access to, its in a 7 day deposit account.
The asking price is 400K, not many houses go up for sale on this particular road, and the last one that did sold for 725K 5 years ago.