Selling a week after moving in

zagubov

I know it sounds like we're challenging your decision, but you're proposing a overly drastic long-term solution to a short-term problem.

It's a bit like you're asking a surgeon to amputate your hands because you don't like the gloves you're wearing.

Get lodgers in. Seal off a room. Wait and see how quickly the house fills up.

babyblade41

Something is missing here.. I've never really heard anything more absurd..sorry OP, but you state a 3 bed bungalow is too big and you now want a 3 bed new build

Is this because a bungalow is possibly something that's geared for older people and living on the hip new build with like minded others will fit your lifestyle better?

It doesn't make sense and IMO you are not telling it as it really is and missing a few major points......anyhow I digress from the question.

I think you will find it won't quite so easy this time round... it probably isn't even registered with LR yet
I would always wonder why someone wants to sell within a week , I'd be dubious even after 6 months

The "we buy any house" companies won't knock 40k off the house price , more like 40 % by exchange time .

Ask your lender tomorrow what their position is as they probably all have different T & C's

another_casualty

iammumtoone wrote: »

Is it because you budgeted x amount for improvements/modernisation and now can't afford that due to MIL not moving in so you want to move into a smaller already decorated/modern home?


I can understand that but think you will regret it in a few years. Take 6 months to think about it, it will be easier to sell after 6 months if you still feel that way then.

This seems to sum it up imho .maybe the o p just cannot afford it now ? If the o p really is determined to move though ,it would seem to be best to cut back financially if possible and move in 2 years time using usual estate agents . Not Propery rescue or anything of the sort .
Surely if you have a family , you should have a family house ?

kevc1985

Babyblade41 - please tell me what points you think I’m missing?

I’m not looking for people to make assumptions on my life, I’m really struggling with this as I’ve said I haven’t eaten or slept well through worry I don’t need peoples negative comments I simply wanted to know who had been in a position like this before and which lenders would agree.

BrassicWoman

If MILs circumstances have changed, can MIL help with the bills for 6 months until you can sell?

Otherwise, you are probably looking for cash buyers.

BrassicWoman

kevc1985 wrote: »

Babyblade41 - please tell me what points you think I’m missing?

I’m not looking for people to make assumptions on my life, I’m really struggling with this as I’ve said I haven’t eaten or slept well through worry I don’t need peoples negative comments I simply wanted to know who had been in a position like this before and which lenders would agree.

You need to ask a whole of market mortgage broker. or rather, your buyers would. But it is SUCH a red flag your pool of buyers is tiny.

onwards&upwards

kevc1985 wrote: »

Babyblade41 - please tell me what points you think I’m missing?

I’m not looking for people to make assumptions on my life, I’m really struggling with this as I’ve said I haven’t eaten or slept well through worry I don’t need peoples negative comments I simply wanted to know who had been in a position like this before and which lenders would agree.

They aren’t negative comments, they are solutions to your problem!

What’s the truth here? Why are you so against the sensible suggestions you’ve had? What is so terrible about staying in this house for just 6 months to save tens of thousands of pounds?

Smodlet

kevc1985 wrote: »

Babyblade41 - please tell me what points you think I’m missing?

I’m not looking for people to make assumptions on my life, I’m really struggling with this as I’ve said I haven’t eaten or slept well through worry I don’t need peoples negative comments I simply wanted to know who had been in a position like this before and which lenders would agree.

If, as seems doubtful, your only issue is room sizes, how about putting up a stud wall or two to make the rooms smaller? Or buy some second hand furniture/bean bags/scatter cushions/hang cheap rugs on the walls and just clutter them up? That would soon make them seem smaller. If the decorating budget is no longer sufficient, you don't have to do it all in a week, you know. Take your time, do things gradually as you can afford them.

Sorry, OP, but no-one lies awake at night over a decorating budget or rooms being "too big" (no such thing on planet me) You are, of course, entitled to keep whatever you like private but potential buyers will be thinking all the things already suggested and, probably, imagining a whole lot more. Either you actually have bitten off more than you can chew, the neighbours are a nightmare or there is a more serious issue than rooms being too big, imho. It is none of our business but it will be of concern to your buyers so you may as well be prepared for all these questions to come up or for people to stay away in droves.

Freebear's suggestion of a lodger would seem to address both budget and space concerns, if you can stomach the idea; I know it is not for everyone. Good luck, anyway and, if nothing else, this will be a valuable learning experience, if a painful one.

phoebe1989seb

AnotherJoe wrote: »

Can you explain how the house will be "too big ? In what retrospect?

Why not just not use one room which will be considerably cheaper than dropping probably £10k to move?
Once you have kids the last thing you'll be thinking is "wish I'd bought a smaller place"
And that money will come in handy for a whole buch of things

This ^

When DS was eight we bought a six bed/3500 sq ft house. We had no plans to increase the size of our family and within a short time we'd filled the space/found uses for every room

After DS left home to go to university we downsized to a 2000 sq ft (5 bed) which we promptly enlarged to 2500 sq ft as we found it too small!

More recently we downsized again - our current cottage has only two bedrooms but at 1400 sq ft, it's larger than some three beds, lol - and were it not for the fact we love both house and location, I'd be saying it's not large enough.....

Compared to most though, we have a load of stuff (collected over many years) but of course the OP's mileage may vary

I'd certainly be reconsidering any plans to downsize before starting a family!

Smodlet

Phoebe1989seb makes a good point. Lord, I miss our old house! A very large, detached 3 bed with a huge, integral garage, one end of which we converted into a utility area so most of our white goods went in there. There are only 2 of us but we used every last square inch including the landing, which became my dressing area. I find one just expands into whatever space is available but, if agoraphobia is your thing, so be it.

I don't understand how you can be worrying about a decorating budget yet prepared to lose tens of £000s selling so quickly. If we are smelling multiple rats, so will potential buyers. If you just plain cannot afford to stay there without M-i-L's contribution, we all make mistakes and things go wrong for all of us. It is how we deal with them that matters. Chin up and good luck.