Selling a week after moving in

need_an_answer

kevc1985 wrote: »

No but if I were asked the question at least I have an answer.

Is it a question that you actually expect to be asked by someone looking at your property...I have to say I've never asked or spoken to a seller directly only via a solicitor/agent after offer accepted and funds in place, about my mortgage or purchase arrangements for a property....

But in all seriousness I have asked "so why are you moving"?

spadoosh

kevc1985 wrote: »

No but if I were asked the question at least I have an answer.

No one is going to ask that question though because theyll all assume they can borrow from anybody.

So youve either got to pre empt it, looking dodgy as, or dont mention it and hope they get a lender that will lend on it. And when its rejected, youll look dodgy.

It doesnt matter anyway, the only thing you can do is list it and hope someone offers and then hope they can get a mortgage. I think as little involvement in the process you can ahve the better, your complicating the situation and theres quite a few people who have come to the conclusion something dodgy is going on because of your inability to explain.

Thrugelmir

kevc1985 wrote: »

The house will sell my worry is the mortgage part, by asking the opening question it would help if any potential buyers asked me about mortgage companies then I could do my best to help.

All you need do is make the EA you market the property with, aware of the situation. Prospective buyers can then make their enquiries through mortgage brokers etc.

Smodlet

The very closest I would ever come to the OP's scenario is asking a potential buyer if they have a mortgage offer in place. Were I feeling incredibly cheeky, I might ask from whom but, as soon as said buyer asked me about ,mortgage applications, I would conclude they were a time waster and show them the door.

need_an_answer

Smodlet wrote: »

The very closest I would ever come to the OP's scenario is asking a potential buyer if they have a mortgage offer in place. Were I feeling incredibly cheeky, I might ask from whom but, as soon as said buyer asked me about ,mortgage applications, I would conclude they were a time waster and show them the door.

maybe on a second viewing I'd ask that ...no scrap that I'd ask my EA for their thoughts on the viewer..because potentially until they offer they are not even the buyer.

SneaksyWhippet

It seems like you're thinking your only two options here are "sell up and move immediately" or "stay in this house long term and have a family here". You don't want option 2, for whatever reason, so you're going for option 1.

It's completely your prerogative to change your mind about a house you’ve bought, for any reason at all, and not want to stay there long term. It's also your prerogative to choose to lose money in the process, if you want to. But by trying to sell IMMEDIATELY you will be shooting yourself in the foot regarding the mortgage issues/potential buyers etc. People WILL be suspicious, even if your reasons are just personal and totally above board.

That said, can you afford to stay in the house for a bit longer before you sell? I’m talking mortgage payments, running costs and general bills rather than full scale renovation/decoration. If so, then this could really take the pressure/stress off you for a bit and open up your pool of potential buyers a lot more. You don’t have to stay forever or leave immediately; you CAN just stay for “a bit” and still move on. Secret option number 3.

Or is there some other reason this might not work out for you? Is the new build you’ve got your eye on unlikely to still be available 6 months to a year down the line?

davemorton

To be fair, by time you get the house on the market, all the searches etc get done and the sale can go ahead, you probably wont be more than a a few weeks from your 6 month anyway, so possibly just wait a few weeks before marketing, and you could use that time to slap some magnolia on if you so desired.

AnotherJoe

kevc1985 wrote: »

No but if I were asked the question at least I have an answer.

Potential buyer "what are the neighbors like and who do you recommend for a lender"
:rotfl:

Jmaho

Make sure you are completely upfront about how long you have owned the property before you advertise it for sale. I can't think of a single mortgage lender who would lend on this because of the 6m rule and would hate to think that someone falls in love with the property and this only comes up once they have a mortgage offer. You will only be able to sell to a cash buyer

Morata_

1 week??

Never, ever heard of this. You would have had so much time, prior to contracts exchanging to think about everything. Give it 12 months. If you cant live there, which is beyond strange, rent it out? Might actually make a small monthly profit?

One week...wow.