Having to go searching again after we are about to pull out of our purchase. Previously we were looking at slightly higher priced houses but now the mortgage rules are stricter, we can't borrow what we wanted so have had to adjust our highest amount. We know the maximum we can go to and it is the max, max amount we can borrow and nearly all the savings and equity we have for the deposit and fees. There are a few houses that I have saved on my list that are 5k over our max budget. One of them has just been dropped by 5k but still that 5k over our top end.
Would you stick to looking at houses at the top of your budget or would you look at houses slightly higher, hoping they would take a lower offer?
We aren't in a crazy area where everything goes for over the asking price. I thought generally houses were priced where the EA expects people to make a slightly lower offer?
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Would you look at houses 5k over your top budget?
15 replies
CrapBag · 16/06/2014 22:00
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