buyers remorse - six months later

BorisThomson

hazyjo wrote: »

Cheers - was the 2nd more vague one, but there was a similar one, although depression was involved but they deeply regretted moving and he wanted to move back. Ta :beer:

https://forums.moneysavingexpert.com/discussion/5710635

Shame he hasn't bothered to update.

hazyjo

BorisThomson wrote: »

https://forums.moneysavingexpert.com/discussion/5710635

Shame he hasn't bothered to update.

That was it! Thanks

TBagpuss

In terms of timing, the real issue tends to be with selling within 6 months of buying, as this can make it very difficult a buyer to get a mortgage, as it can raise red flags for the lender about potential money laundering issues.

Selling quickly after buying may raise questions in potential buyer's minds as they may worry that there is a problem with neighbours or with the property that you are trying to escape, so if you do decide to sell, be ready for that question !

You mention that you've been signed off by your GP - do you think that you may be unhappy where you are because of the bereavement? i.e. is it possible that you dislike of the house and area are a symptom rather than a cause/ If so, it may be worth giving it a little longer to see whether things start to improve.

moving house again will be expensive (and bear in mind that you'll have all the same costs you've just spent, to buy a new place, plus estate agents fees and a second set of legal fees for the sale)

would it be possible for you to invite some of your friends over, or arrange to met up with them somewhere in the middle so you're only looking at a 15 minutes drive rather than 30 minutes?

If you are in a small town or village, see if there is anything you can join locally, so you start to get to know people. Even if it is not your top activity, joining things is a good way to get to know people and that in turn can help you to find people and activities you enjoy more.

Good luck with whatever you do decide.

cloo

If your GP thinks signing you off is appropriate, maybe it's more than the house/area. I'm not sure that the stress of moving around now is what you need. Something like the Feeling Good Handbook by David D Burns is a good, practical approach to negative feelings, it could help you feel differently about the house and reframe things a bit?

Also maybe you are finding it hard to look at things in the longer run. Do you aim to have family one day? If so, staying in a larger property is much better financially in the long run. Do you have a spare room you could rent? It's not that much hassle to do (I did it in my first place), and would give you some more money as well as company.

I'm sorry you are feeling so down and hope things improve for you soon, however you decide to manage them.

MoneyEM

I'm not buying the project house cause it's all I can afford, it's because long term, when I can afford to, I want to renovate houses as a full time job. It's all I can see myself doing.

I have had some (limited) experience of renovating a property, in March my mum bought an investment property to renovate and sell. I took some time off work to help out, stripped carpets, stripped walls and knocked off old tiles from the bathroom and helped restore kitchen cupboards. Hers has been a great success story, I understand it was 5 months of hard work for her but she has made 60k pre tax profit.

Planet_Switzerland

When I bought a property it was in the same postcode area, but at the opposite end so in some ways does feel like a different area, I've not been down my old street since I moved out.


My old place was a 5 minute walk from the tube station, now I'm 20 minutes away in another direction. I knew I'd miss the old place and would get annoyed with the extra walking time, which I do.


However, what I did when I moved was look at what I had in close proximity that my old place didn't have.


Previously I never drank at any of the local pubs as they were quite scary, now I have a pub 5 minutes away which is a bit foody for my liking, but its somewhere I can go for a drink without getting the tube into Central London.


My local kebab house which I never knew existed before does the nicest kebab I've had in London.


My nearest shop previously quite often didn't sell what I wanted to buy so I'd have to walk further into a not so nice area, now I have a big Sainsburys a similar distance away that has everything I need.


It's little things like that which make me not miss the old place like I thought I would.