Hi,had an offer accepted,what is the next step that we must take?
Hope you got a very good price for that house. Otherwise take offer back and wait.
Hope you got a very good price for that house. Otherwise take offer back and wait.
Wait for what? the unknown?
I am pretty sure is is a known. And the word is down
All these dome predictors,have they got an ulterior motive or some agenda.
By all means buy your house and be happy, but it does not make financial sense to buy now.
PS I have no agenda. I'm just stating what seems obvious to me.
Well, if you post what you paid we will be able to comment whether you got a good deal or not.
I understand you don't want to hear negative talk, but I do think there are bad things happening in our housing market and economy.
And how do you know how much ive got the deal for?
Good luck with buying the house - and follow your own instinct. If its right for you now then be happy with your decision.
kopkidda,
like you, I am in the middle of buying a house and am completely sick of the negative comments. I've spent the last no of years listening to people telling me I am mad to rent and should buy. As soon as I decide to buy, everyone tells me I am mad!
Truth is, if you've found the house that is right for you, then go ahead and buy - don't listen to other people. The house you want might not be for sale next year, you might not get a mortgage next year. I for one am sick of renting - I don't want to rent for another couple of years until the average house costs approx €20!!!! There is no stability in renting - having to move every 6 months cos the landlord wants to sell - the cost of servicing a mortage to have my own place is worth the stability of putting down roots and having a place of my own.
Basicically, once you pay your deposit to the estate agent, you need to get a solicior - the vendors contracts will be sent to them. You need to arrange a survey and if you got your mortage thru a broker, you need to get them to get the loan offer issued to you and your solicitor. Then you need to have house insurance and life insurance / mortage protection in place before the mortage co will issue your cheque - this may take a while to organise. Then you will be called into the solicitors to sign the contracts..........not sure after that!
Good luck with buying the house - and follow your own instinct. If its right for you now then be happy with your decision.
12-24 months ago everyone told me I was mad to to paying rent - that I should get on the property ladder before prices rise even higher. - good job I didn't listen to them.Nothing got to do with instinct, just cold logic. Be prepared to loose a wad of cash.
So a house costing €250,000 today will sell for €150,000 next year jeez it is mad to buy now when you can buy a house for the cost of a site. There should be some sense attached to comments that are only looking at one possible outcome.Honestly unless you got 30-40% of the asking price I would not go near it. And even at that in 12 months it wont seem huge. Give it a year, rent, and then buy. Or ur wasting a lot of cash.
Again the logic isn't quite making sense.Nothing got to do with instinct, just cold logic. Be prepared to loose a wad of cash.
It really isn't being negative for the sake of being negative.
From the front page of RTE.ie today:
[URL="http://www.rte.ie/news/2008/0715/economy.html"]Economic recovery 'unlikely' before 2010[/URL]
[URL="http://www.rte.ie/business/2008/0715/retail.html"]May sales slump sharpest since 1987 [/URL]
These all suggest there is a lot more pain to come.
By all means, buy your home, but you are incorrect if you think people are being negative for the sake of it, or that house prices won't continue to fall.
From a purely logical, mathematical point of view, it makes no sense to buy now.
Flax and television your input is not required. You know nothing of the circimstance of the purchase and if you do know exactly how things will pan out in the housing market get out there and make a killing and stop wasting your time here when you should be making money on falling house prices
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