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Having second thoughts on purchas e

I have sold my house and have been in a rental property for a year.  We have finally found a property that we both like.  We put an offer in and has been accepted.  I'm really starting to have second thoughts.  We have over 50% deposit.  I've scoured the forums and news and I'm convinced we should pull out.  Unfortunately my partner thinks we should buy it as it's our forever home.   Should I buy or pull out?  


Comments

  • GixerKate
    GixerKate Posts: 440 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Why do you want to pull out, whats wrong with the house?
  • Waiting for the survey.  Roofs not great.  I'm more worried about the market conditions.
  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    If it's your forever home, the market conditions won't affect you once you've bought. 

    Or is it job uncertainty?  In which case, you'd be wise to either wait, or get appropriate income protection.

    Sort the roof out though.
  • GixerKate
    GixerKate Posts: 440 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Wait for the survey and see what it says, as ZX81 has said, its your forever home so don't worry about the market conditions.
  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    GixerKate said:
    Why do you want to pull out, whats wrong with the house?
    I'm going to take a wild guess that this is yet another covid thread.
  • DCFC79
    DCFC79 Posts: 40,641 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    pow74 said:
    I have sold my house and have been in a rental property for a year.  We have finally found a property that we both like.  We put an offer in and has been accepted.  I'm really starting to have second thoughts.  We have over 50% deposit.  I've scoured the forums and news and I'm convinced we should pull out.  Unfortunately my partner thinks we should buy it as it's our forever home.   Should I buy or pull out?  


    You got a link ?

  • I can understand your concerns. Why pay £300k for a house that you could pay £200k for next year ? We really dont know. Im buying a house for my son. That is my thinking 
  • Doozergirl
    Doozergirl Posts: 34,082 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Densol said:
    I can understand your concerns. Why pay £300k for a house that you could pay £200k for next year ? We really dont know. Im buying a house for my son. That is my thinking 
    That didn't even happen in the financial crisis.  

    Everything that is supposed to be in heaven is already here on earth.
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