Sold but can't find new place to buy

Roz74

I've been wanting to sell for ages, and just got an offer on my flat after a week of being on the market.
Now, having trouble finding another place.

Should I continue to sell and carry on looking (I can move into my my mums) or should I pull out of sale and not move.
I don't want to panic buy the wrong property because I feel under pressure.

It's very confusing knowing what to do

theGrinch

go into rental and then you will be in a great position to move fast to buy

getmore4less

Why are you moving?

Roz74

I'm moving because I was never really happy here, I bought in 2007 as I was limited what I could afford.
I will have a healthy deposit for my next place.
I'm lucky also as I can live with my mum while I look.

It's just some people made me worry saying if I'm off the market too long I'll never get back on.
I don't intend to wait long I want to continue searching as much as I can.
It's a big purchase and don't want to repeat mistakes by rushing and being unhappy.

dirty_magic

I think it's a no brainer. I'd sell and move in with your mom. It leaves you in a better position when you do find something you like as you'll have no chain.

getmore4less

You should already have a very good idea of what you do want,

type of place, areas, if you are just looking to hope you find something you ay be a bit premature.

How long have you been looking/considering,

Look at sold places over the last 6 months to see if there is anything you could have bought, like/price.

what are prices doing in your area

tealady

Also once you have sold you can leaflet the area you like (and can afford) asking if anyone is interested in selling up. You will nothave a place to sell so someone might be interested.

J_i_m

Roz74 wrote: »

It's just some people made me worry saying if I'm off the market too long I'll never get back on.
I don't intend to wait long I want to continue searching as much as I can.
It's a big purchase and don't want to repeat mistakes by rushing and being unhappy.

I think sometimes you need to take what other people say with a pinch of salt. Whilst well intentioned their opinions / advice will based on their own experiences and circumstances.

Your needs may be considerbly different.

Mickygg

getmore4less wrote: »

You should already have a very good idea of what you do want,

type of place, areas, if you are just looking to hope you find something you ay be a bit premature.

How long have you been looking/considering,

Look at sold places over the last 6 months to see if there is anything you could have bought, like/price.

what are prices doing in your area

My opinion is don't look look at what has sold over last 6 months. Why look at what you could have bought but can't? History is no indication of what will come onto the market in future weeks or months.

Roz74

Thanks for replies.
Yeah, I do find people always seem to have an opinion which puts doubts in your mind. One of them being a bloke who has a few buy to let properties and seemed a bit obsessed talking about houses etc
I'm looking at the moment, got a viewing next Saturday. I'm contacting the estate agents and I feel ill be in a good position mortgage wise as have a good deposit.
I don't mind living at mums until I find the place I want as well and I don't intend to get lazy in finding a place.
I did look at the option of a new build apartment, but they said no parking ! :eek:
I think I would miss having a car.

PasturesNew

If you have somewhere to go to (your mum's) then sell as quickly as possible and move there. That makes it much easier for you to choose/buy your next place without having to hold a chain together. Your buyer also won't get fed up waiting.

You're always better off if you're renting in a manner that doesn't tie you into specific dates. Your mum's is perfect for this as you don't have to give her notice and pay fees to move in/out, or for extra cleaning, or any overlap time between properties.

Good luck.