Separating from partner and selling joint home

frankiebeany

Hi All,

Not sure if this has been bought up before but I couldn't find anything.
So my situation is as follows:
My partner of 6 years has decided that this is no longer working for him (despite having a wedding booked). We joint own a property and have done for 5 years. We both have concluded that we would like to sell the property and use the proceeds we would each have from the sale to buy our own individual separate properties.
My question is has anyone else had to do this? How realistic is it for the both of us to find something we want at the same time and then go through the process of buying. As it stands we are both still living at the house and have had it valued. How long did it take for people of a similar situation to get through this?

Thanks in advance for any advice

AdrianC

It's not impossible to come up with some kind of chain where there are two purchases tied into one sale, but it massively increases the risks of it all going pear-shaped.

One or both you really ought to consider going into a rented property as an interim, if there's no better solution - could one of you buy your own place, with the other moving in temporarily? Could one of you afford to borrow more, short-term, to buy without the chain?

hazyjo

I've done similar, but my ex went into rented. Any chance one of you might for six months or a year if you can't find anything? Obviously that person can then move out after exchange which makes it MUCH easier for removals! It would be a nightmare if you have people in to do the removals and have to keep saying 'no, that's his, that's mine' etc.


Get busy looking - see what's out there, go view some properties, and get yours on the market. Sept is usually a good time to be selling/looking.


I reckon it's more than possible you can tie the sale in with two purchases. I'm sure if it came to it, one of you could keep your stuff in storage and stay with family or a friend for a little while.






Just be grateful it's now not after the wedding. I speak from experience


Jx

ern1984

very complicated situation , however, solved thanks to the work of a good lawyer

hazyjo

PS your situation may put off potential buyers. Lots on here won't buy from a divorcing/separating couple, let alone ones that are each creating another chain. Def worth one of you considering renting!




Jx

lisyloo

I would say both go into rented (or stay with parents) and get it sorted.
If things get adversarial rather than amicable then you'll both lose out in solicitors fees and have a load of emotional stress.

Start sorting out your stuff - sell things you don't use on ebay or freecycle/charity shops. Maybe parents, friends or relative can offer a bit of storage space even if you can't stay with them.

You will make things massively harder for both of you if you try to do it all at the same time.
It will be difficult enough as it is without making it harder.

frankiebeany

Thanks guys, consensus seems to be that renting might be the best way to get out of this whole messy situation.

AdrianC - i think we could do it, but it would obviously take a bit longer then just straight up selling and leaving to rent

hazyjo - i know i should be grateful now but it does feel like its ruined my life as it stands for the moment. I have told the estate agents that have valued it the situation but i am not planning on doing the viewings myself, too much stress plus the estate agent has got to earn that fee! Plus legally i want to be covered so that they know decisions have to go through the pair of us equally otherwise someone might kick off!

ern1984 - it shouldn't come down to needing a lawyer, we both have an agreement a the moment about it all - but then i guess this can change at any moment.

lisyloo - emotional stress is bound to happen whatever we end up doing. But good point about sorting my things out now and seeing what an be got rid of, even if it means I dont have to move it all later.