Congrats Miles, as the Doc says, here's hoping a smooth transaction, transition and move to the new place.
Been a fair old good coupla years for you now innit?
Jimbo : oÞ
"There's that word again... is there a problem with the Earth's gravitational pull in the future?"
Over 11 years in the current house Jim! It's served us well.
The 'new' one is the last move we'll make for a long, long time...hopefully
Offer accepted this morning (92.9% of the asking price)...which we're happy enough with.Happy days.
Good luck on the move.
Round our way there is nothing selling fast. Sellers are still stupidly asking for crazy prices and are still up for sale two years on.
One house about quarter a mile away from me had to give up, as they had bought there other house first and moved there leaving the place empty. They have now sold out dirt cheap (I assume) to a property market developer who has sent in a team to modernise the house,added patio and patio doors, interior repaint, replace garage roof, etc, and now its back on the market a month later for £20,000 less than before.
Seems this is quite normal now for these property speculators to cash in, by buying cheap, doing a months work and resell.
I assume as builders they can get around the stamp duty, and other extra costs of buying and selling? otherwize where is the profit.
Planning on staying in this one for 25 years or so (it's definitely big enough!) - so not overly worried about the price fluctuations...plus it's in the South East (Kent), easy commuting in to London and decent schools all around it - so shouldn't really drop too much if it does.
Bandicoot - I think that the builders still have to pay the stamp duty (unless they've got some clever accountant who can put it in to a trust). They also have to pay capital gains tax (CGT).
So it really has to be worth their while to do it.