Is moving house in 6 weeks achievable

54druids

aghhhhhh! Viewer came to my house on Saturday and put in the full asking price this afternoon which I accepted. They want to be in in 6 weeks as that is when the rental on their property is up. I don't even know where I want to be let alone seen a property. Question is - do you think it is possible to find a property and move in 6 weeks?

gratefulforhelp_2

Yep,I've done it.

Depends how fussy/restricted you are and how much you want to sell.

Bermuda_John

28 days for the legal process .......... gives you two weeks to find a house ....... then the person you are buying from needs to agree

could be a big ask

pie81

I'd say unlikely unless there is plenty on the market that you'd be happy to buy now.

is there somewhere you could move to temporarily if you can't find somewhere? friend/family spare room? short let rental place? if you could sell and move somewhere temporary, there would be the added advantage that you would be a chain free buyer when you do find somewhere.

cashndash

I agree with all the above, the only thing I would add is your buyers are the ones cutting it fine - if you say no, then they may have to look at more houses and then could find themselves with only 3 or 4 weeks left!

Hope they have a plan B:eek:

poppysarah

Get into rented within 6 weeks no problem ... but don't rush the buying process

TighterThanTwoCoatsOfPain

if you want the sale you would have to have a very good reason to not move into rented yourself...

nearly 2 years ago we were prepared to to save a sale (even move in with the inlaws and put our stuff in storage!!)

thankfully we completed on last working day before xmas else the deal was off! (another story!)

amandajp_2

When I bought my first house I completed in 7 weeks, but I was a first time buyer and the seller was moving in with family. If you found a chain free house it might be possible but that assumes you find a chain-free house that is right for you - you don't want to rush such a large purchase! So as others have said the best option would probably be to move into rented to avoid losing the sale. However, this may not be practical for you. It might be worth asking the Eastate Agent whether or not he/she thinks this is likely to be a deal breaker though, as I suspect as has already been pointed out that they may struggle to find someone who will agree to this.

Amanda

Gorgeestwo

yes we've just sold our house in 5 weeks and bought in 6 weeks, that was with a few hold ups on the purchase of our new house, we had to break the chain and move in with family for 2 weeks and put our stuff in storage to maintain the sale of our property, but for the purchase we were in a chain, only of 3 though. Was quite stressful from time to time!!

54druids

yes but i am tied into my mortgage which is portable but if I go into rented it will cost me lots and lots of money in redemption fees. Plus it is only3.9% so don't want to lose the rate.

Richard_Webster

You will have to find a property where the seller is not wanting to buy anywhere else - a probate sale (where they have actually got the grant of probate so there are no delays there) - a house belonging to one of a couple that have moved in together, etc. You must check out the seller's position.

Don't find somebody in the "porting" trap. Many lenders have these high early repayment fees related to "special" interest rates - just like yours. They often say that if you take up a new mortgage on the same terms within some period like 3 months they will refund the early repayment fee - but the catch is that this is only done some time after the purchase has been completed and in the meantime the person has to find the money. Hopefully you know all this.

The point is that it can happen to your seller. Seller gets a job away from area, moves out leaving house empty and rents in another area, looking to buy. So, reason the estate agents - its an empty property - available for sale - no chain - nice and easy. Ideal for someone like OP. You make an offer and then it turns out that seller can't sell without buying because he doesn't have the extra cash to find the money that he would lose in the short term because of his early repayment fee!

The other kind of "empty property" that is a pain is the relocation package resale. Large employer moves senior member of staff to another part of the country and he rents short term while he is looking for a property. Deal is that employer will effectively "buy" his house when he wants to complete his eventual purchase in the other part of the country and when they have "bought" they will want to sell on as quickly as possible to someone else, like you! So they market the property and it is only when your solicitors get the papers they realise that the employer doesn't even own it yet so he can't sell it to you.

So usually empty properties are the ones to go for - but you still haev to ask questions to make sure that there are none of the possible holdups like those I have mentioned. Matrimonials are dodgy too, because one of them may refuse to sign a contract as lever to get a bigger share of the cake.