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Thread: Its sods law !

  1. #1
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    Exclamation Its sods law !

    A dear friend of mine same age as me , HGV driver all his life same as me , lost his licence through medical probs 1 year ago , has now just had his home repossessed .

    He could not keep up his mortgage payments and could not sell his home for enough money to clear his remaining mortgage .

    Now I on the other hand , who have been lucky enough to be mortgage free for over 20 years now , have just had a cash offer of 10k over the market value of our bungalow , because it is in a specific place the potential buyer wants to be .

    Now I had no intention of really ever selling this place , we both love it here its beautiful , with great neighbours etc .

    However this seems an offer too good to turn down , 2 slight probs though .

    1. There is no suitable property at the moment within a 3 mile radius of here .

    2. Do we take a leap of faith into the rental market ? with property going up as fast as it is here at the moment , if we don't get that big lump of money back into bricks + mortar pronto we could find ourselves in the deep do do .

    We have some time ,, she wants our place so much she is prepared to wait ,, however of course everyone has they're limits , she has said 2 or mabe 3 months .

    If I can get another bungalow to do up like i have done this one at the correct do up price I shall retire now from work and do exactly that

    1. I would enjoy doing that instead of all the daily bullcrap I face

    2. I would double my wages for that year in the increase of value of the property .


    All I want to do is the best for the missus , so when I am gone she has a comfortable life .

    Decisions decisions
    I'm proud of my 38" waist , also proud I have never done drugs

  2. #2
    Custom user Neverna's Avatar
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    we both love it here its beautiful , with great neighbours etc
    Stay where you are. You are both happy there. There is no guarantee you will be able to find another home you like or one at the right price, let alone be happy with it and the neighbours. Location, location, location. If it ain't broke, don't fix it.
    Nev has style

  3. #3
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    10k is not a lot to move for is it?

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    You lucky Lad, the buyers around this patch of mine in England are black, if you live in an area where home buyers are English, then prices will sore.
    White flight, not in the Oxford dictionary, as it's a cousins term.

  5. #5
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    10k profit will soon be eaten up in the rental market.

    Stay put!

    why put yourself through unnecessary stress, although I hear it's an effective way to lose a few Ibs

  6. #6
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    Have a good look around first to see what your options are, you have plenty of time.

  7. #7
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    Good to see you lads same same me

    I,m thinking down those lines cheers

    I / we are so very happy here in the scheme of things 10k is fuk all compared to contentment

  8. #8
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    keep your home, 10K is nothing these days, and if your home is as desirable as this buyer seems to think, then there will be many others who will be prepared to pay your asking price when YOU make the decision to sell.

  9. #9
    Pedantic bastard
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    Got to agree. can't see any upside here. Especially when you factor in moving costs and all the rest.

    10K on top for a place that you are happy and content with? really not worth it.

  10. #10
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    A home is a man's castle Nigel.

    Stay where you are because 10k may ruin your present happiness.

  11. #11
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    Sure thing ,, happiness is where the home is , well at least if you are happy in it lol

    We have put a lot of hard work in here in the last 6 years , BTW ,, I should add even after taking account for the 15k we have spent doing it up we have seen the value of the place soar up another 60k to what we paid for it.

    If only it were possible to buy crystal balls online eh ?

    Trouble is with long term interest rates being as low as they are nowadays I cannot see a property price crash in the near distance ,, seems for now the only way is up here for a while .

  12. #12
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    ^ by the way Nige, are you basing on all your figures on a current appraisal?

    Might be that someone is a bit more aware of the market than you, and trying to pull a fast one...

  13. #13
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    Take the money offered, ditch the wife, buy a secondhand 30' ft yacht and fuck off to the Med to paint seascapes, drink wine and eat as much as you like.

    You only get the one life,whereas the wife has plenty more karmic opportunities.

  14. #14
    Pedantic bastard
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    Quote Originally Posted by Seekingasylum View Post
    Take the money offered, ditch the wife, .
    To be fair, I think he is quite fond of his missus, thegent.

    Bit of projection going on there?

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    Not really, just adding a little balance to the options.

    Personally, if they are both content to remajn in England after Nigel retires then they might as well stay put unless he wishes to downsize considerably to realise capital for fun stuff or perhaps a gaff in Thailand to provide further security for his wife and as a holiday base.

    The old adage, never sell an asset unless you really have to, still rings true. As I understand the current trends prevailing in the UK the property market is increasing in value and so he need not make any decision quickly and it may well be better to consider plans later than sooner.

  16. #16
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    Quote Originally Posted by nidhogg
    by the way Nige, are you basing on all your figures on a current appraisal?
    Yup sure am ,, I got a free valuation last week , and I got it in writing to show the lady who wants to buy it .

    The best thing that could happen tbh would be for a very similar place to come up right here where we live that needs doing up that I could get for a knock down cash price .

    Then I would finish work for good and do it all up myself , the frustrating thing is and thats where sods law will come in , after my buyer gets fed up waiting , you just know one is gonna turn up in the same road

    Over the years I have bought in very good locations and invariably spent money and work doing the properties up to a very saleable condition and always realised top money for them .

  17. #17
    lob
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    there's some self delusion going on here methinks.

  18. #18
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    Quote Originally Posted by nigelandjan View Post

    Over the years I have bought in very good locations and invariably spent money and work doing the properties up to a very saleable condition and always realised top money for them .
    Good for you. I have always heard that can be a nice little earner. Not my cup of tea of course, I need to call someone in to change a plug.

  19. #19
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    C,mon then surprise us with your theory ^^

  20. #20
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    I suppose there are quite a few factors involved here Nige , firstly what does you good lady think? second your age and whether you think you have enough Money to retire on , as you are well aware the cost of living here is far below what it is there , here in my area a good European style house can be rented for 4000/5000 a month , also have you a family? as its far easier when there is only two of you , have you asked your Thai wife would she like to return here? ,IMHO if you have been offered 10 grand above its market value I can well understand your ,hmm stuck for a word here ,would quandary be the right choice? ,of course its OK to ask advice ,but in the end only you and your wife know the real score , another thing do you want to keep your nose to the stone till you are 65 ? plenty of guys here living the life of Riley on their bare OAP's , I am currently getting 2.25 %tax free on a 6 month roll over , which is far better than In Blighty ,I am just glad I am not in your shoes as some times things like this can cause sleepless nights wondering what is the best thing to do , but any way the best of luck with your decision making

  21. #21
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    No Piwi returning to Thai is not an option mate .

    If we go anywhere it will be the Canaries or possibly the South of France .

    She being much younger than me loves to work and earn money , so I guess she will want to stay here and do that for a while yet.

    I to don't want to retire just yet , but I am certainly not going until 65 , mabe a couple of years left in me yet

  22. #22
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    Quote Originally Posted by Dragonfly94 View Post
    10k is not a lot to move for is it?
    Nige has been offered 10k over the market value ,if the property is worth lets say 200k that means he's been offered 210 , personally with the benefit of see what others have done here in my area , if I was lets say 50 or so I'd sell up and come to live here ,absolutely no way about it

  23. #23
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    Quote Originally Posted by nigelandjan View Post
    No Piwi returning to Thai is not an option mate .

    If we go anywhere it will be the Canaries or possibly the South of France .

    She being much younger than me loves to work and earn money , so I guess she will want to stay here and do that for a while yet.

    I to don't want to retire just yet , but I am certainly not going until 65 , mabe a couple of years left in me yet
    As stated previously best of luck whatever you two decide

  24. #24
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    Stay where you are, you seem to be happy there. Why up roots to move practically next door? To start all over again. You love your house, garden and have good neighbours. Stay there until your decision on the Canaries or South of France are decided.

  25. #25
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    Whatever you do, Nige, make sure you do all your homework and ensure there are no pitfalls. Study the decision (s) from different angles.

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