I feel stuck!

Paton147

My wife and I live just outside Edinburgh in a nice part of our town. We have a 3 bed Victorian semi that's full of character with big rooms, though as we are in Scotland, the house could be yours for a mere 200K! Estate agents have suggested 225K which I could see happening, but my 'not being greedy' figure would be 205K-210K.


I'm desperate to move but my wife isn't so sure. The houses we like seldom come up, as we want a 4 bed/3 reception room Victorian house in admittedly just one of a dozen or so streets. Over the last couple of years I've seen just 5 or 6 houses that fit the bill.


My wife wont agree to selling the house until we find something, though no seller would take theirs off the market as ours wouldn't have even been listed. We have a young family so being homeless even for a few months would be a nightmare.


Are there any other options? Has anyone used a part exchange service in Scotland? Presumably they offer significantly less than what your property is worth? Has anyone had any success letter dropping potential homes that then turned into a sale? What about bridging loans?


I wouldn't be greedy with the sale of our home, we have enough equity in it to sell it below its value to make a deal stick.


Presumably few sellers would accept an offer from someone who is just proposed to list their home the following day, even if it is a saleable property in move in condition?

davidmcn

I would sell, rent, then buy at your leisure.

Bridging loans are stupidly expensive and stressful, and I'm not aware of any part-exchange options other than for buying newbuilds.

comeandgo

I agree with above, I always sell first, move into rented accommodation, money is in the bank and you are free to move very quickly when a house you want comes along.

Paton147

This is why we are at a stalemate, because we do fundamentally love the house we are in. We've discussed listing it in spring 2020 and just accepting that renting my be an eventuality.

missile

You could be in an even worse situation if you sell and you can't find a house which meets your very specific requirements.
You may have to wait a long time and will end up paying quite a lot for short term rental unless you are prepared to rough it?
If you see a house you really want put in a bid and advertise yours for a realistic fixed price. Then get a bridging loan. Houses in the nicer parts of Edinburgh sell very quickly.


Listing in 2020 ………. seems like you / or rather your wife really does not want to move.

lookstraightahead

Why can't you rent?

trailingspouse

Why do you want to move? And why does your wife not want to move?
Answer those questions, and you might find the answer to your question of how to go about it.


I've done both - sold, then rented, then bought, and bought, had a bridging loan, then sold. There isn't an easy way to move house, and both have advantages and disadvantages. But the first thing is to work out why moving is important to you.

Red-Squirrel_2

How quickly do the houses you like sell when they do come up?

-taff

you're deserate to move but the houses you like don't come up? Why don't you send some letters through the doors of the ones you like and see if you get a response?

Paton147

I want to move house because we could afford something slightly bigger. An extra reception room or bigger kitchen and garden would be nice. I enjoyed doing this place up but would love to do it on a biggar scale with the potential to not only renovate but also extend.


Houses in the middle of our town where we live sell very fast. In 2013 when we bought this place we viewed about 7 or 8 Victorian houses in the space of a month before buying this one. Fast forward 5 years and youre lucky if two are on the market at the same time, but both invariably sell within a week.


Our town is expanding with new builds and the 'old town' where we live next to the nice park is become a bit more exclusive. The house we missed out on in 2013 that went for 210K just sold for 290K and all they did was just00 paint it!!!


Ours ended up being a house of horrors but we paid 165K and managed to do a lot with just 15K.

Paton147

We live close to Dunfermline. The only properties that stay on the market for any length of time tend to be overpriced like this place.


https://www.rightmove.co.uk/property-for-sale/property-66480361.html


I've seen something far better in a nicer street just sell for 340K.