Not Settling Into New House

Beancounter

phatbear wrote: »

A couple of issues with selling up:

What will prospective buyers think of this action? Personally as a recent buyer i wouldnt have bought somewhere like your house due to concerns that you may have un covered something wrong with the property or area and youre trying to pass the buck.

That is a concern of course, I would be worrying about that if I viewed a property like ours too.

phatbear wrote: »

Also my mortgage adviser told me that its darn hard to get a mortgage on a property that gets turned around in less than 12months so you would need to find a cash buyer and price it accordingly due to the previous concern i mentioned

I was unaware of that situation and that may mean I need to settle here and quickly!

Surely people's circumstances change all the time, new jobs, redundancy, splitting up etc so people do need to move on quickly?

AnnieO1234

You'll struggle to find a buyer as most lenders won't lend on it so soon after the last purchase xxx

Innys1

Personally, I hate paying tax, even though I pay tens of thousands a year.

Writing another, unnecessary cheque to George Osborne for the Stamp Duty would stick in my throat, big time.

sniggings

It's a no brainer, sell! Put it up now, could take a year to sell, in that time if you change your mind then all well and good, if a buyer comes along even better.

GaleSF63

You don't really need to worry about not liking you present house as much as a lot of people would, because you know you aren't stuck there - you are in a position financially to move to something you do like.

So I would relax and a few months will pass very quickly and then it will be easier for someone to get a mortgage to buy your house.

Enjoy the summer (if you are getting one where you live) knowing you won't be there long.

Just seen that you are in Dundee so your summer is probably like ours (Dunbartonshire) - pretty awful - but at least you probably get more sun than we do!

harrys_dad

[QUOTE=Beancounter;68944674

As I say we can add an extension to give us what we want but it's like tarting up a Toyota to look like a Lexus when you can just trade in your Toyota for a Lexus for the same cost

[/QUOTE]

A Lexus is a Toyota!

DiamondLil

Beancounter wrote: »

It was from the sale of my late father's very modest 2 bed ex council flat.

Is this the same Beancounter who had to deal with an awkward owner of the other flat ?
I do hope you didn't sell to that neighbour.....

Apologies if I've got the wrong person.

Davesnave

harrys_dad wrote: »

A Lexus is a Toyota!

I think that was the point!

Davesnave

In life decisions, as at work, it's best to be pro-active rather than reactive, so I'd hold fire and plan, according to a sensible time scale.

As you know you can move, living in this house should not be a burden in the way that enduring something with no forseeable end could be. In the meantime, decide whether to extend or go for something different.

Extending will be a reasonable option if you won't seriously go above the ceiling price for the road/area, and if you're left with decent outside space. As others have said, it will also be appropriate if the things which made you buy in the first place, shine through.

If they don't, then at least you will have planned and become clearer in your mind about what you want, and what you should avoid, besides a simple lack of space.

moneyistooshorttomention

Beancounter wrote: »

To be honest we have no real need for the money at present, it will be sitting in various savings accounts earning peanuts. We also have a paltry mortgage which was only taken out to take advantage of the interest at Santander's 123 account.

Having said that I don't want to squander the money and it would be nice to have a decent sum in the bank for later years.


I don't hate the house but just find it hard to like it if that makes sense. Trouble is I think we are just down the road from a house we had to sell 12 years ago due to my wife losing her job due to illness and the house we really want is the same style as that so perhaps I want to make good a bad situation.

I think the last paragraph probably is the crux of the matter in many ways. You had a house in "your style", you've just missed out on a house in "your style". Sounds like you have very much decided what is your style and it was bad luck you missed out on that recent one you wanted.

Ouch....to being just down the road from a house you lost against your will and I think that's the clue as to whether you will ever accept this house. I doubt you will - as you have that constant reminder so close by of the one you lost and also being reminded of that illness as well. I found it wasn't a good idea to walk in the road of the House-That-Shoulda-Been (ie starter house I'm still officially in the process of buying over 20 years later - as vendor wouldn't either get on with it or admit he'd changed his mind) and I didn't manage to get as far as living in that house. But I had to "ban myself" from walking in that road and rubbing salt into wound. I suspect its the same for you.

Personally, in your position, I'd be keeping an eye out for another house in "your style" and do a swop if you get the chance to.

You say that you have no particular other use for the money. Put like that = you might as well.

NB: Is there a possible "wild card" here on the table? How do you think the owner of your original house would feel about selling it? In your position - I would think its at least worth making the query - and being prepared to offer more than its worth to get it back if need be. It may be they love it too and wont be prepared to sell (even for an "over the odds" price) - but I guess its worth at least asking...