Selling a week after moving in

wesleyad

Lungboy wrote: »

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

I was going to say same thing, assuming the thread isn't a wind up this is the only real explanation.

kevc1985 wrote: »

I’ve seen a house that I want to put an offer on but concerned about 2 large cracks on the render they are at each side of the house, does this indicate subsidence?

One crack is the full length on the render the other is from very top to half way down the door.

kevc1985

Lol you people are stalking my old posts.

I didn’t buy the house with cracks or asbestos.

lisyloo

kevc1985 wrote: »

Does my situation amuse you Alan2020?

I am not amused by anyone’s distress, but there is something wrong if you are anxious to the point of not sleeping about old decor.

You need to be honest about what the issues are.
If you can no longer afford the house without the help you were expecting then the only way you’ll get appropriate financial suggestions is to be honest about what the issues are.

Plenty of us live with old decor, mine is 16 years old and it causes no quality of life issues.
I would like it to look nice, but that will fit around my life (probably retirement).

Have you thought about asking a mortgage broker or perhaps a knowledgeable estate agent (but be aware an EA has an agenda).

Alan2020

kevc1985 wrote: »

Does my situation amuse you Alan2020?

In the slightest!! This forum and members have helped me a lot in the past. If you genuinely need help, tell the whole information and people will try to help as best as they can.

People cannot believe what you say. When someone says a studio apartment in the uk it’s generally 25sqm or so. In other countries could be 250sqm, so it’s important to give full information, else people take your post as a windup. In general bungalows are tiny in the UK, it’s about setting the scene and asking. Good luck with your move.

dwsjarcmcd

If you originally liked the house and it's not an affordability issue, I agree with onwards&upwards view, it's bonkers. You're just throwing thousands down the drain - estate agency & conveyancing fees, stamp duty, removal costs, potential mortgage redemption costs etc. not even factoring in the potential loss on the sale of the house. Can you really afford to loose this money?

I speak as someone who lives in a 6-bedroom house with just my wife, which is clearly far to big for just us but you would be amazed how you can utilise the extra space. One of the bedrooms is a dressing room, we have another room (not a bedroom) as a games room and we always have space for guests.

I would seriously take a step back and think about the costs associated with this

davidmcn

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.

OP is in Scotland, where people seem more motivated to get on with the conveyancing rather than find excuses to drag everything out for months.

happyandcontented

Many years ago we moved into a house and within a short space of time, we knew it wasn't for us. We lived there for 12 months in total but we were actively looking for a new home almost before the boxes were unpacked. There was nothing wrong with the house at all but it just didn't give us 'that feeling' we bought it for the location and overlooked some issues which didn't suit us exactly; the kitchen size and the access from the rear garden.

We put it back on the market and it sold almost immediately, but that was in the days before everyone could search everything on the internet and easily find out when it was last sold and for what price.

I don't recall anyone asking why we were moving so quickly and if they had done so we would just have said we had bought on the rebound as we had just lost the dream house and now that house was back on the market and we were going for it again. That was, in fact, the truth and the reason why we didn't settle there.

We have been in our current home 32 years and we knew immediately on first viewing that it was our 'forever' home.

That is a reason the OP could use if he is determined to sell as the 'too big' aspect does seem questionable to prospective buyers.

Good luck OP.

Lungboy

kevc1985 wrote: »

Lol you people are stalking my old posts.

I didn’t buy the house with cracks or asbestos.

And now you've deleted those posts? Very very strange.

Albala

It's very sad for you if you can't afford the mortgage and running costs of this house, and with that I think we would all sympathise, but I'm a bit confused as to whether that's actually the case. If it is, you have no option but to move to something a lot smaller. People have to sell suddenly because of things like sudden illness or redundancy, and that's understood.



If that's not the case, people have pointed out that you stand to lose a lot by selling right now, which TBH if they did not point out they would not be doing their best to help you- you may not have realised what you could lose, or you may not have allowed for all the costs.



If you have to sell because your finances have fallen apart, being honest about the reason for selling is about your only option if you're asked why you are selling so soon. Some buyers may try to take advantage of that, but you don't have to allow them to if you can hang on for another buyer.


If you're selling because you don't like the decor, that's going to sound a bit weird, given that it would undermine your sale price and the costs of selling and buying elsewhere would probably decorate it twice over and leave you with money for a new kitchen...


If you're selling because it is too big, as you are not a little old lady on her own who can't cope with the cleaning, I'm afraid that's going to sound really strange, however true it may be. Especially if you go on to say you want to start a family. Perhaps the MIL was going to help with childcare, I'm not prying here and not asking, Nor do I want to know, I'm just suggesting possible reasons why things are not working out for you which might explain what is puzzling other posters.


Is it just that you have had a traumatic time with the shared deal falling apart and the whole deal, including the poor house which isn't to blame, it is tainted by that? I can understand that, but if that's the problem, maybe it would be worth giving it a few months and doing some basic modern decorating- it only costs time and paint- it would increase the value by more than you spent if you did it nicely, make selling less odd-looking, and give you time to find out if when you made it more your own and the memory of the problems of buying it faded, you actually liked living there.

pinkteapot

I feel sorry for OP. They have said that MIL was going to move in and now isn't, and that money would need spending on the house to get it into a decorative stat that OP is happy with. On top of that outlay, it has higher running costs (council tax and utilities) than a new-build would, and OP no longer has MIL chipping in for the bills.

A new-build 3 bed house will very likely have small rooms. An old bungalow could have huge rooms, and quite likely more rooms overall even though each is only three bedrooms. I've seen some bonkers huge bungalows!

OP knows they're going to lose a fair chunk of cash in selling up quickly rather than sitting it out in the larger house, but that's OP's choice to make. We might disagree from a money-saving perspective, but OP has said repeatedly that they appreciate and understand the advice but they've made their decision and they're asking questions about how to implement it.

There's a bit of a mob mentality in this thread and I understand that people think OP is making the wrong decision but I think the reaction is going a bit far.

OP - the reaction has shown you though that prospective buyers will be disbelieving. I'm looking at the moment and would also assume there's something seriously wrong with the house or the neighbours and probably wouldn't bother viewing, unless I was really desperate. Think about how you present the story to make it believable. I'd leave out the part about planning a family - just say you were buying with MIL but she's now not moving in, you found out too late - after exchanging contracts - and the house isn't right for you and your wife alone as it's too much space and you won't have her contribution to the bills. I think it's a situation where you should do the viewings rather than the agent. No-one believes a word agents say and if you can explain it to buyers yourself it'll help.

Try asking on the Mortgages board if you want a list of lenders who don't have the six-month rule. The brokers on there will know. You don't really need to do that though - it's up to your buyer to find themselves a mortgage.