We have a tracker mortgage which our bank are allowing us to move to our new preperty, so we have to buy and sell at the same time, we cant sell then rent for a while til we find a house. The house we bid on is the perfect home for us, those houses dont come up very often so we felt we had to do everything we could to try and get it.
In hindsight, i believe it was a mistake.
But we cant undo it.
If I were you I'd go ahead with the sale of the house and line up a short-term rental. Buying before year-end is only worth, at most to you, €900 per year for the next 5 years . . not enough to rush into a purchase for. You may well still get that house, but in the new year and at a reduced cost . . or you'll find a better one.We are trying to sell and buy at the moment, we are sale agreed on our house, by a first time buyer (who is obviously keen to close by the end of the year). We were sale agreed on a property which fell through last week.
well i just heard how the viewing went today. There was a lot of people viewing, and the ea told everyone that they had an offer of full asking price.
Our offer was off the table since yesterday and there wouldnt have been enough time for anyone else to make an offer before the viewing so the ea lied.
Im really annoyed, but im suppose i shouldnt have expected anything else from estate agents! Im probably more annoyed at myself for taking the risk and making a high offer.
Any advice where i should go from here?
Ive been outbid on two houses now with one house going over asking price which is just madness imo,
Im now going to sit it out till the new year till the panic is over
hi manny, sorry about the house.
my question relates to your bank allowing you to transfer your tracker. i was not aware this was available? any details would be helpful to me,
thanks,
bob.
Have you calculated the Tax Loss by waiting?
2013 is uncertain..............so gambling that (1) Price drops > Tax, (2) That prices actually drop.
We have a tracker mortgage which our bank are allowing us to move to our new preperty, so we have to buy and sell at the same time, we cant sell then rent for a while til we find a house. The house we bid on is the perfect home for us, those houses dont come up very often so we felt we had to do everything we could to try and get it.
In hindsight, i believe it was a mistake.
But we cant undo it.
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