Selling a New Build House inside a Year of Purchase

MPJ52

Hoploz wrote: »

Try to make your relationship work. Talk to your partner.

of we will and the fat lady hasn't sung yet. But unfortunately I have been here before and the familiarity is all too similar

Doozergirl

MPJ52 wrote: »

of we will and the fat lady hasn't sung yet. But unfortunately I have been here before and the familiarity is all too similar

Well don't do the same thing and expect a different result, will you?

MPJ52

Doozergirl wrote: »

Well don't do the same thing and expect a different result, will you?

I never do - I am very self reflective person and not somebody who jumps to these sorts of decisions easily either. But you only get one go at this life don't you, so being unhappy for the sake of a house seems slightly pointless in my world

Hoploz

No, no point staying unhappy for the sake of a house but negative thinking gets you in a downward spiral. It's important to discuss with your partner and try and make it work together instead of feeling miserable by yourself within the relationship. You've come this far for a reason. Anyway this isn't the relationships board so I won't bang on but I just think people give up thinking the grass is greener too easily these days.
Good luck whatever you decide.

clint_S

The only question you really have to answer is why are you selling so soon? The first thing that would spring to my mind is that the house is full of faults and you want rid.


Look at the local area and compare what the new builds are selling for with the other houses in the area, sometimes new builds are cheaper. A lot of people seem to pay more for second hand new builds that have already had the snags fixed, a second hand new build sells for more in my estate then the developer is selling them for.


A lot of people don't look at new builds as they either believe them to have a premium on them or that they are poor quality and full of problems. Your second hand new build will be accepted by some of these people and also some of the people who are looking at new builds only, with the big plus of not having to wait for it to be built.

Shakin_Steve

Are there any strings attached to the HTB scheme?

Cakeguts

https://www.taylorwimpey.co.uk/find-your-home/england/west-yorkshire/leeds Why would anyone who wants a new home pay £270K for a second hand one when they can get a new one for less? The point about there being a premium on new homes is that they have to be new not nearly new.

agrinnall

AdrianC wrote: »

The people who do buy them clearly don't think they are - which is why they DO buy them...

I'm not sure that's correct in all cases, I would suspect there are a significant number of people who buy new builds knowing that they are more expensive (and quite possibly overpriced) compared to a pre-owned home, but do it anyway for a range of other reasons, as you've mentioned in your later post. Of course, those people may well not consider buying the OP's house anyway, and most likely would only do so if they got something out of it, such as buying at a lower price.

MobileSaver

MPJ52 wrote: »

over priced in what way exactly?

Overpriced because you paid the typically 10% premium on a shiny brand new house, newly decorated, un-trodden-on carpets with brand new appliances etc. The house you are now thinking of selling is no longer any of those things, it's a normal "second-hand" house with second-hand appliances etc.

Normally you wouldn't have a hope in hell of getting your money back but as others have said if it's a very desirable area and there's no competition from the developers then you may get lucky.

clint_S

Taking the Taylor Wimpey house above, https://www.taylorwimpey.co.uk/find-your-home/england/west-yorkshire/leeds/royds-lane-mount/the-eskdale---plot-56 cost £275K. The nearest similar sized 4 bed detached house (built 2009) in the area, within 1/4 mile, is £278K http://www.rightmove.co.uk/property-for-sale/property-41731527.html . Hardly a massive premium on new builds.


I'd admit there could be lots of reason for this, leasehold vs Freehold for example.