Cash buyer for ours but no place to buy!

InkZ

I've sold and not found somewhere to buy yet. I will be moving in to rented while we continue to look. I personally wouldn't want go through the stress of trying to sell again, I'd rather have the stress of a couple of days moving instead.

tara747

clarissa62 wrote: »

Hello everyone, thank you for making me smile again as my husband says.

I guess my main fears are how will living in rented affect our ability to buy the next place in terms of credit score. However from the comments posted, from talking to people at work and my wise old owl of a father. I know now that rented is not that bad.

Chain free status is a definate advantage too so thank you

What do you mean??? I live in a rented house and my credit score is excellent, thank you. The misconceptions about renting that I see on this forum are mind-boggling. Why the bad press?

OP - sell up and move into a rented house, you won't regret it. You will then be in a perfect position to buy when you see your dream house.

new_home_owner wrote: »

its okay jumping of the housing market short term, but if your happy where you are why have all the hassle of moving twice.

i would just sit tight where you are now and when your ready to move i would put your house up for sale again.

If its priced right it will sell again, you wont lose anything because when you choose to buy the house prices will be relevent to what you sell yours for.

A lot of people tried to jump off the housing ladder a few years ago and they got their hands severely burnt.

LOL!!! This post could have been from during the boom. I know a guy who 'jumped off' the ladder in early 2007 because he could see what was coming, and has been renting and saving ever since... he's quids in. :beer:

OTOH, all the people I know who bought from 2004 onwards are in negative equity. Some of them don't like their houses/areas, some have outgrown their houses now that they have kids, but they're stuck.

I know where I'd rather be, and that's in my rented house, with my nice big deposit (and OH's savings as well), on the lookout for a property bargain.

shar46y

IMHO, definitely hang on to your buyer! It will put you in a much stronger position being chain free. There's nothing wrong with renting, at least in terms of credit score.

We have sold (completing and moving out next week:eek:) and although we did eventually find somewhere to buy, long delays with the mortgage decision have meant that we will not be moving in yet:( We are going to be squeezing in with OH's parents for a bit, but we decided early on that all this inconvenience was worth it to keep our buyer happy - now no matter what happens with our purchase, we are comfortable knowing that we will have the money in the bank and ready to go:j!

Davesnave

new_home_owner wrote: »

A lot of people tried to jump off the housing ladder a few years ago and they got their hands severely burnt.

That's a quote straight out of the Hamish McTavish Book of Recurrent Assertions.

While it must be true that some people came a cropper as a result of selling to rent a few years back, another equally unquantifiable number did well.

I'm one of them. :):)

And to be perfectly honest, if I'd sat on my bum, taken the house off the market and done nothing at all, I'd probably still be fine; just bored out of my head.

People's circumstances are complex, and so are their requirements.
For the property we wanted, a wait seemed inevitable. We preferred to do that in rented, with that all-important cash carrot ready to go.