Today I have astounded myself. Yes, I have to be honest, I really have been surprised at the speed at which even I have bought a property!
So the day started at 10am – I viewed a property in Stevenage. I know it’s a town not to everyone’s taste, however it’s massively popular with families and commuters as it’s just a 20 minute train journey from London and house prices are dirt cheap in comparison.
It’s also located just 15 minutes away from where I live – which makes it a very quick commute for me.
So I turn up and the viewing doesn’t start well. For the life of me, I cannot find the property. I can find every number either side – but not *the* property I had come to see.
A call to the agents puts me right and I am rescued by the viewer who politely escorts the numpty (aka me!) to the property.
Once inside, I am pleasantly surprised. I know it’s a probate sale, but it is so clean and tidy – not usual auction fodder! Yes, it’s dated – but you know it has been loved, it’s got double glazing, a lovely garden and was also situated on a popular estate close to the Old Town.
The pressure was on though…the property had not sold at auction yesterday afternoon…and now an offer had been received.
If I wanted it I had to act quick.
Walking around the property I would love to tell you about the period features and all that junk, but you know what, I can’t. It’s a 1960’s property with generous proportions which needs updating.
Looking around the house, I just couldn’t help but feel what an *easy* project it would be…and I couldn’t get over the fact it was just 15 minutes away from my home. And – it had potential to be gorgeous!
I had a think. I had a look again. I ummed and arrhed…family homes are not really my bag of chips….
And then I decided to have a coffee and mull. I did my sums and I phoned a property friend.
The resale value of the property was around £195-£200k so there was profit to be made.
I was driving back home and still mulling it over…then I remembered the stairs in the property. While not a period staircase, I remembered them being spacious. Yes, I decided: I will make a feature of the spacious stairs! I will get *cool* stripey stair runner carpet – that will make it look fab! And in that moment the decision was made: I was buying the house!
This house needed me and my stripey stair case runners!!
So I called the auction house and told them I would give £147k. I knew the reserve was £153k, but £147k was my best and final offer. Take it or leave it.
They took it! They called me back just 5 minutes later and asked me to go to the office to pay the 10% deposit and the memorandum of sale.
12.55pm I was at the office completing the paperwork and paying the dosh – less than 3 hours after I first viewed the property.
Now – even for me – that is a record auction purchase! All I’ve got to do now – is track down the stripey stair runner carpet…