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Author Topic: My retirement blog.  (Read 403113 times)

Moonraker

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Re: My retirement blog.
« Reply #405 on: October 23, 2019, 04:15:27 pm »
I had this a few times but inserted this clause to enable me to continue marketing the house ..

72 hour Clause
   
Pending fulfillment of the suspensive conditions contained in this agreement, the SELLER may continue to market the PROPERTY hereby sold .  Should he prior to fulfillment of the said condition receive a further "bona fide" written offer to purchase the PROPERTY, the following provisions shall apply;
    (a) a copy of the said offer shall be delivered to the PURCHASER, who shall be given an opportunity of 72-hours from such delivery to waive in writing all of the above provisions and present guarantees for the full purchase price acceptable to the Seller or his agent; and
    (b) should the PURCHASER not timeously avail himself to the opportunity as aforesaid, the SELLER may accept the said further offer whereupon this agreement between the SELLER and the PURCHASER shall immediately lapse and be of no further force or effect.  In such event all amounts paid by the PURCHASER (excluding occupational interest) shall be refunded to him together with interest that has accrued thereon.
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Mr_Dividend

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Re: My retirement blog.
« Reply #406 on: October 23, 2019, 06:44:38 pm »
Yeah, we pretty much have that - can accept cash offers, they have 72 hrs to raise a mortgage. Or bank approved mortgages. TBF we want these guys to get the house as they would be great for our 80+year-old neighbor. Looked at the house they have for sale, great price. TBF, if we were planning to stay in SA, would be tempted to swap...
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yozzi

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Re: My retirement blog.
« Reply #407 on: January 24, 2020, 02:30:35 pm »
Orca, Happy NY to you and hope all is well what's happening in the UK are you still there and surviving?
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Mr_Dividend

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Re: My retirement blog.
« Reply #408 on: June 20, 2020, 06:35:55 am »
Thought we would be on our way! But with a couple of offers falling through, then covid - our house sale was put on the back burner. Until this week, week - where we had 2 offers in two days signed one yesterday, and oddly, have some other keen buyers looking over the house today. So with two (possibly 3 buyers), maybe this time one will stick and we can get out of here...

But to where?

Very torn between UK and Portugal - one minute I am pro one, seconds later and the other looks more attractive.
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gcr

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Re: My retirement blog.
« Reply #409 on: June 20, 2020, 09:52:10 pm »
Mr Div - without being mercenary it may be a good time to buy in either of these countries as a result of covid 19. I was looking to buy in France but with this virus knocking my local portfolio by about 25% it is not possible to sell off now and still make up my losses on a small portfolio balance
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Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

Orca

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Re: My retirement blog.
« Reply #410 on: June 23, 2020, 11:39:04 am »
Long time no post.

We are still here in Tetbury Gloucestershire but on the verge of relocating to Gloucester.

Much has happened since our arrival that I will post on later.
Portugal is now a distant memory and on hindsite we should have just holidayed there. Cost of living was great but the lack of human interaction due to language was a slow torture.
My pension savings has all but gone after this pandemic. Lost about 60% so far with exchange rates.

My daughter is buying a house in Gloucester and it has 5 bedrooms. They have no children so me and wife will live on the ground floor that has 1 bedroom, lounge  WC and utility room with kitchenette.

I will do garden and house maintenance and my wife will do cleaning and washing.
We will only pay for utilities, wifi and council tax that is about £220.00 pm.

Our son in law is a chef and he insists on doing all the cooking at home and he is a phenomenal cook.😁

Till later.

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I started here with nothing and still have most of it left.

bw

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Re: My retirement blog.
« Reply #411 on: June 23, 2020, 12:47:35 pm »
you back!

Great to hear from you Orca.
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Mr_Dividend

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Re: My retirement blog.
« Reply #412 on: June 23, 2020, 02:06:08 pm »
Hi Orca - like you, have been hit hard. Will be happy to get what little cash I have left out SA. Will probably have to try find a bit of work, nothing serious, maybe part time. Looking at buying a narrowboat, live onboard and see the countryside for a couple of years.

House is now sold, so need to start packing! Going to kill me selling these shares at such a massive loss. But new country, good time to start rebuilding. Maybe I've learnt a little about putting together a share portfolio and might not make the same mistakes.
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Orca

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Re: My retirement blog.
« Reply #413 on: June 23, 2020, 07:39:48 pm »
I have also looked at buying a narrowboat but missus not biting. Looks like a cool lifestyle according to the youtube videos I'v been watching.
I am keeping all my money in SA as I think we will see a good recovery on the developing markets. Good luck with your new investments. My portfolio has more than halved but then we have been living off it for about 8 years now so I can't complain.

Houses are so expensive here with the average 2 bed going for £212 000.00. Wales is much cheaper than England though. My daughter was lucky as the property she bought was on sale for £229k and the Carona virus dropped it to £200k.

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Mr_Dividend

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Re: My retirement blog.
« Reply #414 on: June 23, 2020, 09:18:40 pm »
house prices are so dependent on the region! We did research Derby - in a decent area a small 2 bed can be picked up for £120,000 or so. Looks like a nice town with a few things going for it.

But a couple of years on a narrowboat look like it could be fun and a bit of adventure - £40 - £50k seems to get you a decent one that shouldn't sink in the first mile or so. Winters though might be a bit tough, will probably be in a Marina, at least for the first one.
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