House not selling - Taking over mortgage payments individually

babyblade41

Ditto above.
All prices are relative and I find some of the houses in my area are way over priced and not by the odd 10k, it's why they have been for sale for months. EA's seem to be adding way to much on at the min, even more so than they used to for some unknown reason

What are selling are those pitched about right, not stupidly low.

Fix the damp problem, brighten it up a bit , I've spent 100's on magnolia:rotfl:and get it back on the market with a proper agent , none of this online rubbish...do your research of good local agents

Being tied to an ex partner will drag you down and make you resentful of paying everything and if I was the ex partner I'd be worried having my financial future in your hands... you could stop paying the mortgage

lisyloo

Crashy_Time wrote: »

I doubt that buyers will spring into action on the 30th March though, there are years of difficult negotiations and political turmoil ahead.

And ladies still need to try to get pregnant before 35 (biological fact).
Most people are going to carry on with their lives especially as it now looks like we’re in for a long delay,

lisyloo

How much will it cost to fix the damp?
Will you recoup the cost? Or will it make the property more saleable?

There is a spring bounce around the corner and I personally don’t believe people will put their lives on hold for another few years because of brexit. Many people have jobs and family planning to consider that simply can’t wait for a few years of speculation.

I’d be working out

What is it reallistically worth now - have you had a frank discussion with your EA? Or another EA?
What would the work cost
What would it be worth post damp work?
Would it make it a lot more saleable?

Have either of you considered living there longer term and taking lodgers?

lookstraightahead

Really having been through a very messy divorce in the past with housing being part of the mess, I would suggest you sell at whatever price!

Will your ex have an issue with lowering the price? I wouldn't move back in because then you are equally out of pocket, rather than just you. If you move back there is no incentive for your ex to sell.

lisyloo

lookstraightahead wrote: »

If you move back there is no incentive for your ex to sell.

Huh?
If there’s equity the ex wants it surely.

ST1991

Thankyou for everyone for your responses.

The house is unique in that it's in a terrace of 4 (it's mid) of houses which are 1600's, whilst all other houses around are 1920s and beyond. It's a beautiful old house, which in turn comes with problems due to it's age but it is not a bad house. It's not rotten, leaking etc - just old but been taken care of.

The damp (from what we can gather from surveyors and plasterers) is a band of damp trapped above a DPC which was previously installed. It;'s not throughout the whole house.

Work that needs doing - cosmetic. probably a repaint and a bit of a spruce.

At the moment i am paying half the mortgage whilst my ex still lives in the house (and i rent somewhere else). it is a rediculous situation, and of course it would benefit him for me to live there, pay the mortgage and him benefit from half the equity eventually. For me, it's also beneficial as my outgoings will be reduces, and i can take in a lodger to help further.

Perhaps we should just sell it though... I contacted the previous estate agent yesterday for their opinion on price and they suggested we relist it from 240 down to £200k.

lookstraightahead

lisyloo wrote: »

Huh?
If there’s equity the ex wants it surely.

Not always straight away.

Op, how much equity is there in the property and will your ex be happy with the reduction in the asking price?

Crashy_Time

lisyloo wrote: »

And ladies still need to try to get pregnant before 35 (biological fact).
Most people are going to carry on with their lives especially as it now looks like we’re in for a long delay,

Can`t be many ladies in council accommodation on benefits getting pregnant then, according to your world view? I wouldn`t bet on a long delay to Brexit, the mood music is indicating that the legal default of leaving under WTO rules will happen in a few days, there are too many hurdles for a long extension to be accomplished in that time IMO.

MovingForwards

If you like the house can you afford to buy your ex out instead of selling?

Crashy_Time

MovingForwards wrote: »

If you like the house can you afford to buy your ex out instead of selling?

Good point.