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View Full Version : Bought a house before but now thinking of selling - best way to go about it?


Paul the 6th
03-05-12, 06:52 PM
What's the most cost effective and efficient way to sell your house?

Someone suggested gumtree today and my first reaction was :confused::confused: but then they said loads of people are doing it to save on estate agents fees?

Is there really a need for estate agents to be involved now that we can use the internet to market our wares?

I know I'd need a solicitor to do the paperwork and various inspections (valuation, survey, energy efficiency report of some sort??), is there anything else?

Decided I've had enough of York after 4 years of stubborn persistence. It's great for a weekend away with historic buildings and lots of pubs to choose from, but that doesn't nessecarily mean it's a great place to live. Not sure what my next steps are yet but I'm sure I'll figure it out at some point.

Oh and what's the job market like for graphic designers at the minute? Thinking of jacking in self employment because the hassle of it all just doesn't carry the benefits & rewards it used to. Time to shake things up a bit.

Von Teese
03-05-12, 07:00 PM
Hi Paul,
Long time no speak x
Some advice from me, take it or leave it:
The house market is bad for selling at the moment, it's a buyer's market and people just aren't getting the prices for the property that they will do when the financial slump is over.

Perhaps you should consider renting it out?
You can always remortgage and buy a second property as long as you remortgage the first as a 'buy to let' and the second as your 'residential home'. That way you take advantage of the buyer's market, you have someone paying off the first property and if things all go horribly wrong you could rent out the second property and move back to the first or sell up when things improve and buy a larger property with the profits from the sale of the other two.


I have 3 houses at the moment and would never consider selling at this time.

Paul the 6th
03-05-12, 07:04 PM
Hiya Jen, hope you're well? :)

well my friend said a similar thing to me "why not rent it out and then find somewhere else to live, then sell when the time's right?" - it's an option, but with cashflow the way at it is, I don't want to tie myself in financial knots and then end up in an even worse situation when it all goes wrong.

It feels as simple as 'sell house to get rid of mortgage and get equity back > find somewhere else > start again' rather than faffing around finding tennants and a letting agency and then having to put money in to maintain the property, plus I would have thought obtaining a 2nd mortgage would be tricky with already having a first one, not to mention the reduced cashflow possibly reducing my borrowing capability.

D'ya know, if I could hit the restart button on life I don't think I'd own anything I couldn't carry..

Von Teese
03-05-12, 07:10 PM
Not at all, I can put you in touch with a mortgage adviser who will not charge you a penny and if you buy a property as buy to let it doesn't get held against your earnings so to speak.

I appreciate that you want to get rid of any financial burdens but selling now would be a disaster. You would lose so much money and most houses are in negative equity at the moment.

I advertised my 3rd property on Gumtree and we got an awesome Aussie Moto X champ who hires Tris to be his mechanic at world events. They are hardly in the property as they tour all over and when they are here we spend a lot of time with them and have become great friends.
I think you should certainly explore your options. Advertise on Gumtree, see what kind of people apply, there are legal ways to draw up contracts online to be a landlord and I can give you as much advice as you want. I think you would be cutting off your nose to spite your face if you sold up now.

Paul the 6th
03-05-12, 07:16 PM
Are you thinking along the lines of house prices rising in the not too distant future?

tbh I bought at the right time in Oct 2008 because the house had been for sale for 12 months and went from it's starting sale price of £189,000 to £179,000 down to £165,000 and then the seller was going bankrupt so had to sell sharpish, managed to get it down to £145,000.. Quick estimate from Zooopla reckons it could sell for around £150k, so wouldn't be in negative equity but probably won't have chipped away at the interest much in 4 years so will probably only get a couple of grand on top of my original deposit money.

Must admit the fact I've been locked in at 6.6% for 5 years is annoying because the interest rates were dropped to 1.5% > 0.5% a month after I got the house, so I'm still paying as if interest rates are much higher while everyone else is running round with extra money in their pockets.

I've got a year left on that deal so would that stop me from switching to a B2L deal with someone? D'ya mind sending your advisers details through on pm plz? :) thank u

Von Teese
03-05-12, 07:19 PM
You forgot to include solicitors fees and estate agent commission in your estimate!
I am just going to put the horses to bed and I will pm you x

dizzyblonde
03-05-12, 07:33 PM
Hiya Jen, hope you're well? :)

well my friend said a similar thing to me "why not rent it out and then find somewhere else to live, then sell when the time's right?" - it's an option, but with cashflow the way at it is, I don't want to tie myself in financial knots and then end up in an even worse situation when it all goes wrong.

.

Its also dependant on your mortgage lender allowing it too. Dependant on what product you are on determines wether you can go and let your house out.
I've looked into it with my mortgage provider, and I have no tie ins, so can go on to let my house, BUT and this is the big but, they don't tell you, is that they make sure you end up on a massively extortionate rate. Its not the same as a 'buy to let' if you are trying to let out your current home in favour of buying a new one its 'let to buy' theres different rules etc. The Halifax call it a really stupid name, and I can't for the life remember what its called!

If you were to think of letting it out, have a read of this might help

http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/9137236/House-prices-dare-you-let-out-your-home.html

Paul the 6th
03-05-12, 07:34 PM
You forgot to include solicitors fees and estate agent commission in your estimate!
I am just going to put the horses to bed and I will pm you x




no worries, be careful getting them up the stairs!

Yeah that's the thing if I can market the house myself via rightmove/gumtree/whatever then the estate agents can whistle (as long as I can get a suitable check list to make sure I stick to a conventional way of doing it all)..

Paul the 6th
03-05-12, 07:35 PM
Its also dependant on your mortgage lender allowing it too. Dependant on what product you are on determines wether you can go and let your house out.
I've looked into it with my mortgage provider, and I have no tie ins, so can go on to let my house, BUT and this is the big but, they don't tell you, is that they make sure you end up on a massively extortionate rate. Its not the same as a 'buy to let' if you are trying to let out your current home in favour of buying a new one its 'let to buy' theres different rules etc. The Halifax call it a really stupid name, and I can't for the life remember what its called!

Cheers for pointing this out diz, it's not something I know much about so that kind of info is exactly what I'm fishing for..

dizzyblonde
03-05-12, 07:44 PM
oh.....consent to lease. Have a ganders on google. Consent to lease, allows you to rent out your property 'short term' if you need to say move to the opposite end of the country due to employment etc.

You can have a consent to lease for any time period up to a maximum of three years IIRC or subject to lender, again also subject to mortgage product too.

guff to read, thats general info, a bit old, but relevant to give you an idea

http://www.lovemoney.com/news/property-and-mortgages/buy-to-let-investments/3762/rent-out-your-home-as-a-buytolet

punyXpress
03-05-12, 08:59 PM
Hey Paul
Any houses sold recently near you or with agents' boards up.
You can look at prices sold for, or asking prices ( & how long on market ) for the others.

Von Teese
03-05-12, 10:01 PM
You can always ask an agent or two to come around and do a valuation for both selling and letting. We had 3 in and none of them charged us for it, even though we found our own tenants.

I have sent you a pm with the details of the Mortgage specialist we use on our properties, he is very good and will help you with all the options and give you free impartial advice.

Bibio
03-05-12, 10:25 PM
Paul you never know what's round the corner in life so even though right now it seems crap it might and most probably will get better. don't think about now think about the future, you might struggle now and possibly for the next 20 years but after which you will be better off.

equity is always going to do good unless the interest rates go threw the roof (this might just happen soon BTW).

little story time :-)
one of my mates got a considerable windfall about 25 years ago and all the rest of the mates were egging him on to go out and buy this bike and that toy etc.etc. i said no don't be stupid and go put a nice deposit down on a flat that you can rent out. 20 years later he has a flat in edinburgh that he bought for £27,000 and is now worth £120,000+ yes it was a struggle but he admits that it was the best thing he ever done.
story over...

now with today's problems with getting a mortgage and the price of housing more and more people are renting as they are unable to get a mortgage. one of the problems you might face is the same as everyone else though and that's having the equity to put down on another property. but if you can get another mortgage then i would suggest you don't sell.

i had the same argument with my dad who sold a prime flat in the heart of edinburgh in the 90's for £65,000 and its now worth around £300,000. his excuse was 'i don't want people in my property wrecking it' my answer was 'who cares it's a commodity and you wont be staying there'. he sold the flat and before he died admitted he was wrong.

Paul the 6th
03-05-12, 10:38 PM
Cheers bibio,

my life's a right muddle at the minute but I've got my chin up and my chest out.

I think the main situation I want to avoid is B-2-L'ing this place in York, then renting somewhere else because I can't get a mortgage 'cos of no deposit. In that case I'd still be chucking money down the drain but I've the extra strain of having to worry about being a landlord; what if the boiler breaks, what if the tenants trash the place and I have to pay out a fortune to get it all fixed up again etc.; all fine if I'm in my 50's and doing it for investment sake, but I'm in my mid 20's and basically want to switch across to another property, leave this one behind, only have one mortgage and no extra responsibility..

I wonder if it's do-able... :rolleyes:

Bibio
03-05-12, 10:55 PM
this might seem a bit harsh but i really don't mean to be.

when are you going to take responsibility, when it's to late and you look back on your life saying 'i wish i had done that'.

now i'm going to let you in on a little secret, if it all goes titz up then who cares at least you will have given it a chance. now another secret, rich people are rich because they take chances in life that the ordinary wont, now this puts them in a position to stop other people doing what they done by making sure that there are so many obstacles in your way to put you off and keep you down and also saying things like 'its not worth it' 'you will regret it' etc.etc. don't listen to this bull.

danf1234
04-05-12, 09:42 AM
What's the most cost effective and efficient way to sell your house?

Someone suggested gumtree today and my first reaction was :confused::confused: but then they said loads of people are doing it to save on estate agents fees?

Is there really a need for estate agents to be involved now that we can use the internet to market our wares?

I know I'd need a solicitor to do the paperwork and various inspections (valuation, survey, energy efficiency report of some sort??), is there anything else?

Decided I've had enough of York after 4 years of stubborn persistence. It's great for a weekend away with historic buildings and lots of pubs to choose from, but that doesn't nessecarily mean it's a great place to live. Not sure what my next steps are yet but I'm sure I'll figure it out at some point.

Oh and what's the job market like for graphic designers at the minute? Thinking of jacking in self employment because the hassle of it all just doesn't carry the benefits & rewards it used to. Time to shake things up a bit.

How comes you have fallen out with York Paul? I lived away for 4 years, but came back. I love it here! But then I do work at Nestle.

Owenski
04-05-12, 10:06 AM
Hands down the easiest way to sell and buy at the minute is to move into a new build where the developer offers part exchange (most do now).
As with ours the developer offers a full value payment on a part exchange value, we took the adivce of some online info and got the valuations ourself first then wasted no time in heading over to a sales office on a site we liked and asking what they had available.
They ask you: How olds you house, Location and if its mortgaged or not. Thats it - job jobbed.
They review the estate agents notes and then make you an offer, ours was valued at 140k by 2 agents and 136k by another, Harron offered us 137k.
We signed a few bits of paper and paid a £500 deposit then TA-DA its all done.

We move out of our house once they've finished building our new one the responsibility of selling our current house lies with them.

A developer makes around 40%proffit per plot they sell however once they've finished building a house they then have to start paying upkeep on it in order to maintian its chances of selling, they call these stock houses. Often they get made in to show homes and the furniture is offered as part of the sale but what ever they do they do it to get rid of the stock houses ASAP. A house wearing their name which isnt sold looks terrible for the developer and it costs them a fortune to maintain. They've got the cost of landscapers and additonal carpet/flooring costs etc. But If you buy one of those houses by part ex-ing your own then they dont have to spend a fortune maintaining it because as soon as its ready you'll move in and up until that point you've also been maintaining your own so thats tip top too. Then your old place just lays empty (assuming someone hasnt already bought it). So provided nothing mental goes wrong with it while empty then they need not worry about it and so it costs them nothing.

Abi and I are rediculasly pleased with how the process has worked, we've had zero stress with selling our house and we're guaranteed a brand new one to be waiting for us shortly I couldnt recommend it enough.

dizzyblonde
04-05-12, 10:08 AM
Listen to the dwarf sized Jock......he speaks sense, I secretly think he is Yoda ;)

He said a wise word or two, when I was mulling over jumping ship and bezzin off abroad....one of which was

best time to do things is in a recession as the only way is up

Now I'll tell you a little story. My parents had an ex council house that was worth 6k back in the very early 80s. They wanted summat better for us kids, than a scummy area of Fax. So they bought a big house for 55k, and have lived there since. Its now worth 200k. Everyone said they were mad, but they followed their dream and their gut. Its been hard, but then everything in life is hard, and you have to work at it.

So if you want to move.....make it happen!!

We desperately need to move, and Pegs working his bollox off to make it happen. I have the equity in my house though, I've owned it for 12 years. While Pegs at work, between kids and them sleeping I am laying flags in the garden, or finishing long overdue tiling, bits and bobs to do my bit. We is a team, and we damn well will move this year.....even if I have to rent this one out for 6 months(and I don't want to do that either!)

Dave20046
04-05-12, 10:27 AM
I'd prefer to buy without having to deal with estate agents. Pop it on gumtree and test the water free of charge

dizzyblonde
04-05-12, 10:40 AM
I hate dealing with estate agents. Last time I put the house up for sale, it was them that made for a horrid ordeal!

What I don't like is spending money, but I can't see how gumtree or ebay can work?
I am presuming in doing it that way, you then need to sort out your own conveyancing, which is a ball ache.

Spending money.....to buy a house, you have to pay lots of money, to sell a house you have to pay lots of money, to do both at the same time, you have to spend even more money.

Hmm on second thoughts I suppose Gumtree ain't a bad ideea. :)

Owenski
04-05-12, 10:52 AM
Solisitor fees IMO are quite reasonable, Estate agents fees are bloody extaution... DOnt even get me started on stamp duty!

dizzyblonde
04-05-12, 10:53 AM
Is stamp duty still at 125k? Or has it changed in the last few years?

Oh to be a first time buyer again!

punyXpress
04-05-12, 10:58 AM
As ever, Paul, you're doing this arris about face!
Last line of your opening post is about work.
Sort that, and where it is based, and THEN commit yourself to the house move.

Owenski
04-05-12, 11:27 AM
Is stamp duty still at 125k? Or has it changed in the last few years?

Oh to be a first time buyer again!

If the purchase price is £125,000 or less you don't pay any SDLT.
Purchase price of residential propertyRate of SDLT (percentage of the total purchase price)
£0 - £125,000 0%
£125,001 - £250,000 1%
£250,001 - £500,000
3%£500,001 - £1 million
4%Over £1 million to £2 million
5%Over £2 million from 22 March 2012
7%Over £2 million (purchased by certain persons, including corporate bodies) from 21 March 2012 15%

Ripped off of Gov.uk

Bare in mind 7% of 2000000 is 140k!!
Obviously if you're buying a 2million pound house you've got a bit of money but still to pay the gov 140k for buying the house IMO is astonishing.

Von Teese
04-05-12, 12:04 PM
Paul if you re mortgage the first property you can opt to re mortgage it for more than you owe, for example if the valuation says it is worth £140 000 and you owe £120 000 you can re mortgage it for £140 000 and get £20 000 towards the deposit and expenses of the new place. That's what I did with my 3rd property x

Teejayexc
04-05-12, 12:29 PM
Paul if you re mortgage the first property you can opt to re mortgage it for more than you owe, for example if the valuation says it is worth £140 000 and you owe £120 000 you can re mortgage it for £140 000 and get £20 000 towards the deposit and expenses of the new place. That's what I did with my 3rd property x

That's all well and good but how much would he owe then?

Ne'er mind twice the outgoings of paying it all back for the next 25 years.

Isn't this the kind of attitude that cocked things up for the economy?

Von Teese
04-05-12, 12:34 PM
That's all well and good but how much would he owe then?

Ne'er mind twice the outgoings of paying it all back for the next 25 years.

Isn't this the kind of attitude that cocked things up for the economy?


Obviously if it is not a viable option and renting out is difficult then it would not be recommended of course. I have given Paul the details of a reliable Mortgage specialist who will advise on the best way forward.

The economy was cocked up by people borrowing money blindly with no reasonable means of paying it back. If the property is rented and managed properly it can be an excellent investment.

Paul the 6th
04-05-12, 12:37 PM
How comes you have fallen out with York Paul? I lived away for 4 years, but came back. I love it here! But then I do work at Nestle.

Quite a few reasons to be honest Dan, I moved here for my ex so she could be a bit closer to her home town of middlesbrough & it seemed like a good halfway point. I still have my offices over in cleckheaton, I have no family here and in 4 years have managed to build up a circle of 6-7 friends, half of which are now gone since I broke up with Dani, and the remaining few are either going to live in austrailia or thinking of moving away from York also.

Also the place seems very insular to me, where I'm from in west yorkshire the towns and villages and cities all blend into one another; York has this big glut of countryside around it so a lot of people I've met here are all about who you know in york and which school you went to and all that social stuff which I'm not part of. Plus there seems to be a ridiculous concentration of absolute utter nob-heads. Possibly down to the student community?

Hands down the easiest way to sell and buy at the minute is to move into a new build where the developer offers part exchange (most do now).
As with ours the developer offers a full value payment on a part exchange value, we took the adivce of some online info and got the valuations ourself first then wasted no time in heading over to a sales office on a site we liked and asking what they had available.
They ask you: How olds you house, Location and if its mortgaged or not. Thats it - job jobbed.
They review the estate agents notes and then make you an offer, ours was valued at 140k by 2 agents and 136k by another, Harron offered us 137k.
We signed a few bits of paper and paid a £500 deposit then TA-DA its all done.

We move out of our house once they've finished building our new one the responsibility of selling our current house lies with them.

A developer makes around 40%proffit per plot they sell however once they've finished building a house they then have to start paying upkeep on it in order to maintian its chances of selling, they call these stock houses. Often they get made in to show homes and the furniture is offered as part of the sale but what ever they do they do it to get rid of the stock houses ASAP. A house wearing their name which isnt sold looks terrible for the developer and it costs them a fortune to maintain. They've got the cost of landscapers and additonal carpet/flooring costs etc. But If you buy one of those houses by part ex-ing your own then they dont have to spend a fortune maintaining it because as soon as its ready you'll move in and up until that point you've also been maintaining your own so thats tip top too. Then your old place just lays empty (assuming someone hasnt already bought it). So provided nothing mental goes wrong with it while empty then they need not worry about it and so it costs them nothing.

Abi and I are rediculasly pleased with how the process has worked, we've had zero stress with selling our house and we're guaranteed a brand new one to be waiting for us shortly I couldnt recommend it enough.

Sounds interesting that Matt - might be worth looking into.

I hate dealing with estate agents. Last time I put the house up for sale, it was them that made for a horrid ordeal!

What I don't like is spending money, but I can't see how gumtree or ebay can work?
I am presuming in doing it that way, you then need to sort out your own conveyancing, which is a ball ache.

Spending money.....to buy a house, you have to pay lots of money, to sell a house you have to pay lots of money, to do both at the same time, you have to spend even more money.

Hmm on second thoughts I suppose Gumtree ain't a bad ideea. :)

Yeah I can understand of the estate agents in pre-internet times, since they marketed your property and had all the contacts. But now digital cameras, a computer and the internet mean you can have your house marketed across several websites without ever speaking to an estate agent. The net will also reveal suitable solicitors for conveyancing and all the other stuff which needs doing.

Solisitor fees IMO are quite reasonable, Estate agents fees are bloody extaution... DOnt even get me started on stamp duty!

See above for more. I think my solicitor's fee's were £500 when I bought this place. My dad's just sold his house and they took 2% of the final sale value (£205k) for putting it on the net and showing people around the house. Although I guess there is that intangible value in dealing with an estate agent; their years of knowledge/expertise etc.

As ever, Paul, you're doing this arris about face!
Last line of your opening post is about work.
Sort that, and where it is based, and THEN commit yourself to the house move.

This is my main thing at the moment to be honest puny, gonna have some trips away to see old friends and work out what the hell I want to do while I'm on this planet..

Paul if you re mortgage the first property you can opt to re mortgage it for more than you owe, for example if the valuation says it is worth £140 000 and you owe £120 000 you can re mortgage it for £140 000 and get £20 000 towards the deposit and expenses of the new place. That's what I did with my 3rd property x

Scary scary scary 3 mortgages! I'll do all my research and get as much guidance as possible before making any decisions..

Owenski
04-05-12, 01:00 PM
If I may be so blunt Paulo


This is my main thing at the moment to be honest puny, gonna have some trips away to see old friends and work out what the hell I want to do while I'm on this planet.. ..

The only reason you're privalidge enough to be able to "take a few trips away" etc is because you're self employed. I dont pretend to think the self employed life is rosey especailly at the moment but it wasnt that long ago that you were only required to work 3-4 days a week and did pretty much what you wanted when you wanted... It was around the same time I asked you to ask your boss to sort me out with a job lol.

I've got a few mates who are former self employed (all trade workers, sparky chippy etc). All wish they were self employed again,for various reasons but IMO the greatest benifit of being self employed (especially with mobile phones like they are now you're techincally in the office 24/7 anyway) is that if you've got 5 days worth of work to do you can do 4 10hr days and take Friday for yourself.
By contrast: If I've only got 2 days of work to do, I've still got to come in for 5days, you get what i mean?

Think about the things you get done in the time you're not "on the clock" now think about how much you'd have to give up if you were required to loose 10hours out of every weekday.
How many days leave did you take last year? Could you cope with having only 20?

You've done the hard bit, you've set up a company and have a reasonable client base. You're nuts if you scrap that in!

metalangel
04-05-12, 01:47 PM
We are potentially in the same situation (as I am trying to go back to Canada atm) and I've just looked up a house for sale a few doors down from me, it's £115k which is what we paid for ours six years ago! Letting it out might well be the best option for us rather than selling, so thanks for the links everyone, very helpful info.

dizzyblonde
04-05-12, 02:01 PM
I know a few weeks back on local yokel news they were say York is a pretty damn hard place to live. Houses are costly, wages are not, blah di blah di blah etc.


You need to come back home to West Yorkshire.....where we're all freindly, all the villages and towns intermingle and become one long sprawl......usually coz they iz all inbredz innit ;)

You might well have problems selling your house, especially as now people really aren't getting near their asking prices. People are still in the mindset that we're still in the housing boom, when in reality it is stagnant.

IMHO.....I don't think doing what VT is currently doing with three houses will necessarily suit you. You are a one house couple, with very little cash to stump towards another, let alone cut your throat when a tenant moves out, if you were to go down that route.VT has very very different circumstances. I believe she is more likely to have much more cash flow due to her 'recent sad circumstances' ????

Dizz might be daft, but when it comes to houses she ain't stoopid, my fingers firmly where it should be,,,,,,,,,,,,, on the big red button on Britains got talent :lol:

dizzyblonde
04-05-12, 02:07 PM
ps Owenski is right....dollar and well established company vs trashing it all in???


We needs words sonny, right after I've woke yer brain up with the VRap pipes ;)

tigersaw
04-05-12, 02:49 PM
Estate agents are feeling the pinch too. Get a few round, dont agree to anything. They will call you after a week or two and you can negotiate a deal - you can push them well below 1% now and with only a 12 week commitment round here.
Thing is - I'd always use one, they screen out the riff raff and carpet walkers, help buyers get a mortgage and do all the advertising.
My instructions for my last house sale were very strict - don't show anyone round who hasn't got the full purchase price in their back pocket right now and I wont accept a penny less than the asking price so don't even entertain any timewasters.
They thought that very harsh but both agreed to my conditions and discounted fees.

Paul the 6th
04-05-12, 03:09 PM
ps Owenski is right....dollar and well established company vs trashing it all in???


It's the lack of dollar which is causing it..

As for trips away I'm not going to switzerland for a month, just one weekend I'm gonna head to IoM, this weekend I'm down stafford for MTB, next weekend down to London - all sorts of 'trips' which can be done in a weekend and don't cost hundreds, just a bit of fuel and some time to get there.

There's too many people buying cheap chinese plotters and printers, and setting up in their spare room, pricing jobs so low they're basically making no profit just so they can get a 'sale' which means the rest of us have to lower our prices just to compete. The events side of things is great as it's pure labour and highly skills/knowledge orientated, but we've seen a 50% reduction in turnover compared with 1-2 years ago, we used to do 150 events a year, in the last 12 months we've probably done 50-60 if that.

The jobs not as productive/creative as it used to be, it's a lot of hard work and responsibility with no real noticeable 'extra' benefit like it used to have, apart from the time thing where I can put the hours in to free up a day towards the weekend. If I was tied up in an office 5 days a week but every single day was a productive day and I went home feeling pleased with everything I'd got done that day, I genuinely think I'd be a lot happier.

Like I say, gonna have a few (weekend) trips away to suss out what I wanna do. I can always keep the equipment I've got and start operating out of my spare room in my spare time, then if it picks up again build it back up. Majorly off topic now..

The longer term plan sounds great for the house, but there's too much risk of losing everything for the sake of trying to make some extra cash.

Fallout
04-05-12, 05:20 PM
D'ya know, if I could hit the restart button on life I don't think I'd own anything I couldn't carry..

I can relate to this in a big way mate. I hate having "stuff". It's so heavy it drags you down, but it's too valuable to throw away. I don't need anything I've got, and none of it really does anything to make me happy (bike excluded!).

Good luck sorting out the house/work/life dude.

Gazza77
04-05-12, 05:53 PM
Worth baring in mind that if you rent, you may end up with periods without a tenant. I had this happen, and it took 5 months to get another in.... that's 5 months of paying the mortgage on the rental property without recieving any rental income. You need to have some sort of contingency plan in case this happens. ;-)

Drew Carey
04-05-12, 08:40 PM
Totally off topic, but Paul is sat on my sofa and has declared that he may ditch it all to beome a rent boy / gigalo / prostitute / escort......PM him for fun times! ;-)

Paul the 6th
04-05-12, 08:41 PM
Done a bit of market research & drew has asked if he could be my first client

Owenski
04-05-12, 08:55 PM
I work a productive job and maybe once or twice a year I get a feeling of 'I did that' but I promise you to go from the relative freedom of self employment to working under someone elses terms will suffocate you.
I don't know and have never conversed with anyone in employment who didnt wish they could have something different about where they worked and on what grounds. That's worth more than money any day! Plus im assuming you'll inherit your dads side of it too and in which case you've got a full future planned out there!
Also pal bare in mind your entire industry is suffering. Those operating from their bedrooms will be the ones who got laid off from the firms like you're hoping to apply at.

speedplay
04-05-12, 09:20 PM
Totally off topic, but Paul is sat on my sofa and has declared that he may ditch it all to beome a rent boy / gigalo / prostitute / escort


Again.

danf1234
05-05-12, 11:01 AM
Quite a few reasons to be honest Dan, I moved here for my ex so she could be a bit closer to her home town of middlesbrough & it seemed like a good halfway point. I still have my offices over in cleckheaton, I have no family here and in 4 years have managed to build up a circle of 6-7 friends, half of which are now gone since I broke up with Dani, and the remaining few are either going to live in austrailia or thinking of moving away from York also.

Also the place seems very insular to me, where I'm from in west yorkshire the towns and villages and cities all blend into one another; York has this big glut of countryside around it so a lot of people I've met here are all about who you know in york and which school you went to and all that social stuff which I'm not part of. Plus there seems to be a ridiculous concentration of absolute utter nob-heads. Possibly down to the student community?

Yeah I can certainly appreciate some of those comments above. I have always said York is like a big village, where groups of friends have gown up together from their school days and I can imagine this makes it difficult for people moving into the area. I suppose it is this forum and motorbikes that have driven me out of my cocoon in York, and I now have some great friends all over the country.

As for the nobheads comment, I can certainly appreciate that as I live in Acomb!