Owning your own home

You say that, but Norwich actually has all the hills. Not like real hills like in other parts of the country, but it has some.
Can't wait.

Ditto. See ya there buddy...

I grew up in Worcester. The other day I searched for houses that cost the same as the one I am buying here in Herne Hill.

There was, in the whole of Worcestershire, one. It was basically a stately home.

^^^^Congrats on the escape plan man. I'm right behind you (but running in the other direction).

The house in Stiffkey will be underwater sooner than that

Think I just found my dream home in East London... anyone ever bought at auction before? Whats the craic?

Where is it ? You may be able to do a deal prior to it actually going to auction..

Oh really? How? It was on the market for 75K more which to be honest I would of been happy to pay... its just down the road from me but its vacant...

Can end up being a lot more than the suggested price, so set yourself a limit and be prepared to let it go if there's a lot of interest.

Fuuuuck, that didn't take long
I didn't even make it round

Aye, but it didnt sell for 75k more, which I would have been happy to pay... it's in an area that a lot of people write off but I actually love.

Yeah, we bought our place
Bit like going on ebay, don't go drunk as you can't afford to get carried away. Stick with the amount you had set
You don't get given a little paddle
Wait for all the other bidders to drop off
Have a massive poo before going in as I was shitting myself

It is pretty much my dream house. Quiet secluded Cul-de-sac with bloody cobbles. E1. Bargain Price (less than my flat). Next to parks. In need of renovation. Perfection.
Not really prepared for a move,and due to other life things timing is awful, heartbreaker...

Do your research beforehand too! Loads of people end up buying lemons at auction (short leaseholds, major repair works needed, etc).

Too busy crying about the fact I prob cant get in a position to buy it up.
Its a vacant freehold.
Would ditch plans to retire to Norfolk if I got this place.

Being nosy. Looks like it only sold 4 months ago for 25k more than the auction guide price.

What's the massive garage next door?

Ohhhh interesting... that would have been 50k less than it went on the market for as a normal sale.
No idea what the garage is, popping in on my way home tonight.
Where did you find that btw?

if you have the cash and can buy it outright then i'd say go for it. if on the other hand you require a mortgage then i'd pass as i wouldn't want to tie myself to a 4 week completion. my mortgage lender told me to fk off when i mentioned the property was in fact an auction property. there was no way in hell i'd be able to complete in time and would lose 40k in deposit...

You need a better mortgage lender
We went through a broker, had no problems, just made sure everything was in order before hand and chased on a daily basis

Cheers chaps. I currently have a mortgage, for a property worth over the starting price, so should be a simpler set up. Will make some calls...

I went to about six auctions a couple of years ago with the intention of buying with my dad to flip. I did tons of leg work viewing and researching and every time the flats went for mental money, guide price £250k would sell for 400k+.

Also the state of some the houses was unreal, cracks you could put your hand through, fucked leases, strange covenants on the building, etc. Every property I viewed was at auction for a reason and not just because it was in probate.

Homes under the hammer lied to me.

In other news, we also exchanged yesterday and will complete on the 19th, pulled the trigger on architect, windows company, asbestos removal and lintel repairer today. Boom.

yes i was fked because i was tied to the N&P. i wouldn't wish them on anybody....

Ha. I went to an auction for a place. It was next door so knew it well. Scrounged all the money together that we could afford - about 20% above the guide price.
Sat there till the lot came up.
Held our nerve as the early bidders came in.
Wait for it...
Went sailing past our price and carried on to +50% above guide without us even bidding.
Went home.

Fun morning out though.

Sorry buddy.

"Life moves pretty fast. If you don't stop and look around once in a while, you could miss it."

#anyone #anyone

YES BRO!

Congrats.