My partner and I have been talking about getting a house, and she is super keen, however I’m a lot more pessimistic. We have a 20% deposit for 400k, and we recently saw a house we were both keen on (which is selling shortly) so we have kind of got all our stuff together - I’m okay to pay up to 400k for it (but I’d prefer around 385), however I noticed a lot of what I would assume were investors at the open home and I feel like it’s going to be pushed up more. It’s CV is 275k.
My main conflict is I don’t want to overpay for a house and then have the market drop out (because I can’t foresee it continuing this way) and we currently pay quite cheap rent (225 p/w).
I guess my question is, if we don’t get this house , can I assume it’s better to wait and stay with my decent rent, or I’m i just waiting for nothing? If that makes sense
My main conflict is I don’t want to overpay for a house and then have the market drop out (because I can’t foresee it continuing this way) and we currently pay quite cheap rent (225 p/w).
I guess my question is, if we don’t get this house , can I assume it’s better to wait and stay with my decent rent, or I’m i just waiting for nothing? If that makes sense