Wanting to move

lilwelshgirl

I'm just about to put my house on the market (last valuation this week, then will put it on more or less straight after). Our valuations are coming in at 100k and we currently have 27k left to pay off. We have so far saved jointly 10k to move (but have some individual saving but would rather not touch). Our problem is that we have found a house that we really like (guide price 150-160).

Our problem is that we don't know what to do next. We are scared that the house will be sold before we sell ours. We are having the estate agent over tomorrow which is selling the house we are interested in to value ours tomorrow in the hope that this will help us get this one.

Our current mortgage payments are £125 so we able so save £500-600 a month.

Is there anything we can do to secure be in with a chance of getting this house? We can't see a problem in selling our house as it's perfect for a first buyer but we worried about time scales.

Can anyone give us some advise on what steps we should take?

Thanks

herbiesjp

You need to find out how quickly the vendor needs to move out - and if they are happy to meet your timescales.

Better to be upfront and honest about the situation, as if you are not, you could try going for it and then end up with nothing but a lot of legal fees if it does not happen in time.

mic200202

Its very simple.You get your house on the market and look for interest and offers.At the same time you can go and view the property you are interested in.As you are using the same agent they will try to keep the chain together as much as possible as they will get a double dunt on the fees.

If you get you own house agreed for sale it is only a 'handshake' kind of arrangement - it is not legally binding at that point.As long as everyone knows that your sale is conditional on you finding a suitable property to move to,and with satisfactory survey,contract and finance in place,then thats all you can do for now.

If you have to accept a lower price for a quick sale, then you should look for a similar discount on your purchase...