Selling a week after moving in

kevc1985

Does my situation amuse you Alan2020?

markin

Any buyer will smell the desperation and try to beat you down on price, You will need a good excuse to tell them, like you got a great job offer, not that you can't afford to do the work to the house.

You won't be able to rent it out, the is usually a 1 year wait before you can get permission to let.

Get a lodger in, And at least paint the house top to bottom and put it on for 10K more than you got it for.

zagubov

To someone in London like me, where accommodation is always cramped, it's hard to understand a complaint about a house being too big.

You're in Scotland where housing tends to be spacious. Having to explain you can't afford to do the work on it is going to have a negative effect on the house price.

Think about a lodger and delaying your sale for a while.

lisyloo

onwards&upwards wrote: »

I’m going to let you in on a secret too, you don’t have to redecorate just because, it’s entirely possible to live with old fashioned or less than perfect decor for a bit,

I’m going to let you in on a secret.
You don’t have to do the decorating at all !

Lungboy

Is this anything to do with the subsidence and/or asbestos you posted about in a bungalow you were looking to buy?

Kentish_Dave

I would walk away if I heard your story as a buyer, it comes across as unbelievable.

This is not to say I don’t believe you, just to say that as a buyer there is no advantage to believing you, and a huge potential disaster if you turn out to have been hiding something.

need_an_answer

kevc1985 wrote: »

To the ones offering genuine advice thank you, for the others you clearly like to play detective.

The house is too big, by that I mean space, cost of council tax on a bigger house, cost of heating, cost of decorating. This house is too expensive for us to run without the help of MIL.

We have equity in the house which we can move over to a smaller house that we could manage on our own. As it’s a new house we wouldn’t have to decorate.

Then you asked for advice and I'll give you my advice

You bought a house with one intention,that didn't pan out the way you wanted...

What you now need to do to mitigate the costs is either sell quickly and you've identified that it will cost you heavily to do this through a buy my house type of scenario or put it up for sale to cash buyers only who are unlikely to go down the mortgage route and face mortgage rejection because of the six month rule.

Third option is you sit in the house and see what its like in a year and review the options then...at that point prices might be better and you've at least paid a little towards your mortgage and got used to the utilities costs.

I'm sorry you don't like the options above but just because you don't like what others have said doesn't change the options available,sugar coat them or make other options available the more you protest about your situation.

In honesty whilst at present it doesn't seem your easiest or preferred option,staying put and living there is financially your best choice.

I fail to actually see why you even considered buying a house that you couldn't afford to run...theres clearly more of a backstory here and no people don't want to pry into or gloat over whatever has happened to get you into this situation ,but with respect neither can they give you any real constructive advice unless you open up a little as to why the third person in this transaction clearly decided not to continue at such a late stage,maybe even after exchange so that you couldn't pull out.

Buying into a property and then relying on a third person to help support it should have at least triggered the question at some point of "what happens if MIL at some point in the future changes her plans"??

bouicca21

Actually I’m even more incredulous having looked at the asbestos post. Just 7 weeks ago OP was looking at a property to buy, now it’s all done and dusted. That’s an amazingly quick bit of conveyancing. It’s always taken at least 3 months for me.

kerri_gt

bouicca21 wrote: »

Actually I’m even more incredulous having looked at the asbestos post. Just 7 weeks ago OP was looking at a property to buy, now it’s all done and dusted. That’s an amazingly quick bit of conveyancing. It’s always taken at least 3 months for me.

To be fair we started the process and completed (in England) in 8 weeks, so it is possible depending on chain (lack of it) and circumstances of all parties involved.

babyblade41

It's all a bit sketchy and not sure if it's a bit of a wind up... OP states in one forum he can clear his mortgage .. in another he changed his mind about a car

The more I read the less I'm convinced OP is not playing ball.

I'm out now as it's bonkers