Selling a week after moving in

onwards&upwards

No, sorry, not buying it.

If this were true, any one of the suggestions on this thread would make much much more sense than selling and moving to a slightly smaller house with the same number of bedrooms?

You don’t have to tell us the truth, but like others have said, buyers are unlikely to believe you either, even the ones that can get a mortgage.

divadee

kevc1985 wrote: »

Folks, there is nothing wrong with the house I have stated my reasons I’m not hiding anything. The neighbours are lovely on both sides and at the back.

I’m not trying to convince you to buy my house, I was looking for advice. We had a viewer round twice it would be ideal for her, it’s just not for us. We are genuinely selling because of what I said. We don’t have much furniture and wouldn’t be able to afford buying some to fill the rooms up.

I understand people would be asking questions, the house isn’t what we want it was more something that would have fitted with having MIL living here too.

We want to move to a house with less running costs so starting a family can be a reality, when we worked our budgets out there were extra finances there.

Ok so you sit it out and wait until you can afford to furnish rooms. You don't have to do it all in a month!

You asked advice and people have all said they wouldn't touch it with a barge pole. Your potential buyers will all be thinking the same as us. A mortgage company will be thinking the same as us.

You say you can afford to lose 40k on selling it to a quick buy company and pay out more legal fees, stamp duty and moving costs but you can't afford a bit of furniture????? Sorry you are talking rubbish.

staffie1

Ultimately OP the market will decide whether you sell it or not. Slash the price and wait for a cash buyer, or stay for a couple of years and make a bit of money.

Sky_

Did your MIL pay towards the deposit? Is that why you're less concerned about losing some of the equity to a quick-sell firm? (And more concerned about reducing your day-to-day running costs.)

For what it's worth, my OH and I live in a 3-bed bungalow with big rooms and we love the space we have. We don't have a lot of 'stuff' so all the rooms are sparsely furnished, but it's great to have space to move around in and to accomodate visiting family and friends.



However, I also would not consider a property that someone had only owned for a few weeks or months! It raises so many red flags!!

SnooksNJ

Smodlet wrote: »

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.
.

If someone told me after living in the house for a week they realized the rooms were to big I would be thinking Amityville Horror.

FTBAngst

This seems to be getting a little confrontational! Which feels unnecessary. The OP has had the advice. The question was if anyone’s had experience of any lenders who will forgo the 6months rule, and it looks like no one has. The other advice doesn’t agree with their plans. It will be interesting to see if the OP will come back in a few days/weeks to inform us that the house has sold and at what percentage reduction, if any.

FYI I would not consider buying based on the information you’ve given. I’d love to help another by ‘easing the burden of too big a house by buying it off them at a discount’, but sadly the world of house buying so far has taught me that does not happen. (Sorry)

PasturesNew

Just stay where you are.... the cost of moving is ridiculous. The 6 month thing will limit/put off many buyers as they'll not only struggle to get a mortgage but also fear the reason you're selling so fast.

I saw a house that'd sold appear on the market immediately - it sold for £288k and they'd bought it for £299k.

Solicitor fees, stamp duty, removals... it all adds up.

The main thing though is: selling so quickly, a lot of people will assume you've found something unfixably wrong with it.

kerri_gt

kevc1985 wrote: »

Folks, there is nothing wrong with the house I have stated my reasons I’m not hiding anything. The neighbours are lovely on both sides and at the back.

I’m not trying to convince you to buy my house, I was looking for advice. We had a viewer round twice it would be ideal for her, it’s just not for us. We are genuinely selling because of what I said. We don’t have much furniture and wouldn’t be able to afford buying some to fill the rooms up.

I understand people would be asking questions, the house isn’t what we want it was more something that would have fitted with having MIL living here too.

We want to move to a house with less running costs so starting a family can be a reality, when we worked our budgets out there were extra finances there.

Ok, if the house isn't for you, it isn't for you and selling up is the right thing.

However, if you can't afford additional furniture to fill the house as you would wish if you stayed, how are you planning to afford all the costs involved with moving? Assuming you weren't planning to furnish with Louis VX antique furniture from Sotheby's, surely the cost to move will exceed the cost of furniture? Genuine practical consideration to make.

babyblade41

I think I touched on the reason .. you are bonkers if you think prospective buyers are going to believe you... as it is non sensical.

Now if you said I need to sell my house because it's the size of buck house and I'd prefer the size of Frogmore , then I can understand

Pretty much everyone here aren't believing a word you say... that is not to say you aren't telling the truth but look at it from prospective buyers POV...

If you have oodles of money you can waste why not rent it out and buy somewhere on the new estate ... problem sorted

AnotherJoe

kevc1985 wrote: »

I’m not trying to convince you to buy my house, I was looking for advice. We had a viewer round twice it would be ideal for her, it’s just not for us. We are genuinely selling because of what I said. We don’t have much furniture and wouldn’t be able to afford buying some to fill the rooms up..

Two points there. First, its not necessary to "fill rooms up" and once you have children they'll do that instantly anyway, second since a move would cost about £10k, and maybe considerably more since you'll probably have to drop the price, why dont you spend some of that money on furniture?! You could fill quite a few rooms up for that, and afford a bit of extra heating. If you cant afford furniture you cant afford to move either ! Its all utterly nonsensical.
As stated, your reason simply doesn't make sense especially if you move to a new build you'll then lose out on that a second time since they generally drop in price after buying.

Had you said "cant afford the mortgage payments now MILs dropped out", no one would have blinked an eye, and I suggest, if you can't get over your insanity (lovely house, lovely area, lovely neighbours,you're about to start a family so will need the room, trust me) that you use that as a reason and not "its too big".