Selling a New Build House inside a Year of Purchase

steampowered

I don't see why selling within a year would cause you any difficulties. It all depends what else is available on the market at the time.

Contessa

Maybe going for relationship counselling is an option worth considering? It could save a lot of money and your relationship.

david171

I wouldn't be too worried. If the area is desirable the house will sell. We are looking at new builds in the northeast and have seen 3 examples of house built and sold within a year of purchase - all sold within a week of advertising on rightmove and advertised at 10-15% above their original sold price. I suppose what really suprised us was 2 of the developments still had at least 50% of the houses still to be released. If people want to live on a particular development or area, some people just don't want to wait and they just want to get on with their lives - Your home being ready to go and relative new could be your biggest premium.

[Deleted User]

Yep I am afraid I am another one who is suggesting it sounds like you have already given up on the relationship and considering your exit route.

And your exit route is full of uncertainties that no one can alleviate until you actually need to sell (over thinking). If you can sell for the same price you bought it at, or more.., that's the way it will go. Posting on here won't really change that.

To me it really sounds like its a done deal in your head, and now you are just trying to get reassurance you won't lose money.

I think money is rather less important than the loss of a relationship - particularly if you two have children. I also agree with the wise words of another poster, don't do the same things you did last time and expect a different result.

Rather than looking for an exit route, I would advise looking deeply into how you and your partner can save the relationship. Looking instead at how to end it/how much money will I lose from selling the house puts it on a losing streak immediately.

MPJ52

But then there are Four Beds that are well over £300k, which if you can't get a mortgage acceptance for that then its another option.

You will struggle to get a four bed for less than £270k in the area I am in

MPJ52

Posting on here was to just get a general feel for what peoples thoughts were and whether anyone maybe had experiences of this type of situation.

With all due respect, both yourself and the previous poster have jumped to several conclusions about my relationship. I didn't come to money saving expert for relationship advice - if I wanted that I would go for a beer with a mate or speak to Dear Deidre.

Thanks all the same though

MPJ52

thanks David, that's good to know. appreciate the story

caprikid1

I think while they are still building selling can be extremely difficult.






Do they have anything on the estate you could trade to ?? They might do Part Ex.


For me Help to Buy was just so builders and government could find a way of keeping house prices artificially high manipulating the market. Allowing people to buy who could not afford too by normal means keeping demand high.

MPJ52

Part Ex isn't a bad shout actually as I could easily afford a three bed here on my own. that's an option to consider.

think I have enough to work off now - will work out what to do from a personal perspective but I least feel better now knowing whats ahead of me.

thank you for all who contributed