Secured a property, but I’m not happy with it!

RoseGold2021

MalMonroe said:

RoseGold2021 said:

Keswick1uk said:

Better people judge you than you end up with an expensive noose!

Exact thoughts, which is what I’m running away from at the moment! Feels like deja vu! 

I really wasn't sure about the last house I bought but just went through with it because I was in a desperate situation. I hated the place, hated living there and the neighbours were absolutely awful. However, I was stuck there as I couldn't afford to up and sell and move out so soon after moving in. I had estate agents round giving me valuations a week after I'd moved in but couldn't actually afford to sell up and move out for another 8 years. It was hell. I was forever phoning the police because the neighbours were so anti-social. Since I've moved to my current home I haven't needed to phone the police once. Neighbours are fabulous! But actually, they're just normal people, it was my old neighbours who just weren't quite right. 

I'd always say go with your gut because you'll end up miserable. Doesn't matter what other people think, it's your life.

I’ve been looking for almost a year, and I think with a combination of things, ie house prices going up, fed up of looking syndrome, not wanting to stay with a family member long term, and wanting rid of my place asap, I jumped, with persuasion! 

I’m going to sleep on it, and ask to view again, for “measuring purposes”, & go from there. It’s a lot of money, and it needs to be right. Ok, not expecting perfection but it at least meets some things I want in a house. 

london21

RoseGold2021 said:

As the title says, finally managed to get a property. However, it is far from what I wanted, & hoped for. I was pushed into buying it by outside influences. I’m tempted to withdraw but don’t want to be seen as a time waster. 

Has anyone else felt like this? 

Focus on yourself, don't worry what others will think.

have a think write what you like and dislike about the property.

as far as you have not exchanged, you can change your mind as you do not want to buy and later regret.

Might be worth booking a second viewing, speaking to the neighbours and people living in the area to know a bit more about the area etc. 

[Deleted User]

Given this thread and your previous thread it sounds like you can’t afford to buy a house that you do like. That doesn’t mean you should continue with the purchase of something you absolutely do not like but maybe it’s time to adjust your expectations or stay put and save for a while longer. 

RoseGold2021

Lover_of_Lycra said:

Given this thread and your previous thread it sounds like you can’t afford to buy a house that you do like. That doesn’t mean you should continue with the purchase of something you absolutely do not like but maybe it’s time to adjust your expectations or stay put and save for a while longer. 

I can afford what I want/looking for, I’m just unfortunate that properties are going faster than I can blink! Offered more on a property over the weekend (within my budget) that was exactly what I was looking for, vendor chose someone who offered LESS! I did the sums with my mortgage broker, & I definitely have the means for what I’m looking for. So not sure how that is trying to buy something more than I can afford? *shrug* Whilst I don’t have a wealth of property knowledge, I have enough to know my limits, and what I can afford. 

I’m not staying put, as you’re suggesting, as I want rid of my property, & I’m at point of almost exchange & complete. House buying at the moment is just bonkers up & down the country & it’s a case of moving quickly.  

PS Previous threads, are more a case of frustration at the whole house buying process, they are far from the case of being unable to afford what I’m looking for. 

RoseGold2021

london21 said:

RoseGold2021 said:

As the title says, finally managed to get a property. However, it is far from what I wanted, & hoped for. I was pushed into buying it by outside influences. I’m tempted to withdraw but don’t want to be seen as a time waster. 

Has anyone else felt like this? 

Focus on yourself, don't worry what others will think.

have a think write what you like and dislike about the property.

as far as you have not exchanged, you can change your mind as you do not want to buy and later regret.

Might be worth booking a second viewing, speaking to the neighbours and people living in the area to know a bit more about the area etc. 

Going to give it some serious thought over the remainder of the week, and go from there. Will definitely do the pros / cons list, as that’ll help me decide a bit more I think. 

House buying, absolute headache!  

MaryNB

RoseGold2021 said:

Lover_of_Lycra said:

Given this thread and your previous thread it sounds like you can’t afford to buy a house that you do like. That doesn’t mean you should continue with the purchase of something you absolutely do not like but maybe it’s time to adjust your expectations or stay put and save for a while longer. 

I can afford what I want/looking for, I’m just unfortunate that properties are going faster than I can blink! Offered more on a property over the weekend (within my budget) that was exactly what I was looking for, vendor chose someone who offered LESS! I did the sums with my mortgage broker, & I definitely have the means for what I’m looking for. So not sure how that is trying to buy something more than I can afford? *shrug* Whilst I don’t have a wealth of property knowledge, I have enough to know my limits, and what I can afford. 

I’m not staying put, as you’re suggesting, as I want rid of my property, & I’m at point of almost exchange & complete. House buying at the moment is just bonkers up & down the country & it’s a case of moving quickly.  

PS Previous threads, are more a case of frustration at the whole house buying process, they are far from the case of being unable to afford what I’m looking for. 

It appears in many areas to be a sellers' market and a lot of houses are going above asking. If seller went with a lower offer my assumption is that the other buyers were chain free (my colleagues lost out to a lower bidder for that reason).

If it is a case that you are outbid on most of the other houses unfortunately it seems that you can't quite afford what you're looking for. You don't have the edge of being chain free. Is there much on the market below your max budget? 

A pros and cons list is definitely a good idea. Also make a list of your must haves vs nice to haves. Pin point where you'll be able to comprise and also what would be a deal breaker. In my case I wouldn't even view a house with a tiny second room (I want to get a lodger) or on a main road. Anything else could be considered.

RoseGold2021

MaryNB said:

RoseGold2021 said:

Lover_of_Lycra said:

Given this thread and your previous thread it sounds like you can’t afford to buy a house that you do like. That doesn’t mean you should continue with the purchase of something you absolutely do not like but maybe it’s time to adjust your expectations or stay put and save for a while longer. 

I can afford what I want/looking for, I’m just unfortunate that properties are going faster than I can blink! Offered more on a property over the weekend (within my budget) that was exactly what I was looking for, vendor chose someone who offered LESS! I did the sums with my mortgage broker, & I definitely have the means for what I’m looking for. So not sure how that is trying to buy something more than I can afford? *shrug* Whilst I don’t have a wealth of property knowledge, I have enough to know my limits, and what I can afford. 

I’m not staying put, as you’re suggesting, as I want rid of my property, & I’m at point of almost exchange & complete. House buying at the moment is just bonkers up & down the country & it’s a case of moving quickly.  

PS Previous threads, are more a case of frustration at the whole house buying process, they are far from the case of being unable to afford what I’m looking for. 

It appears in many areas to be a sellers' market and a lot of houses are going above asking. If seller went with a lower offer my assumption is that the other buyers were chain free (my colleagues lost out to a lower bidder for that reason).

If it is a case that you are outbid on most of the other houses unfortunately it seems that you can't quite afford what you're looking for. You don't have the edge of being chain free. Is there much on the market below your max budget? 

A pros and cons list is definitely a good idea. Also make a list of your must haves vs nice to haves. Pin point where you'll be able to comprise and also what would be a deal breaker. In my case I wouldn't even view a house with a tiny second room (I want to get a lodger) or on a main road. Anything else could be considered.

But sometimes being chain free isn’t the end all, be all! I sold to someone originally, FTB, who was chain free, thinking it was a great move...after 2 weeks he pulled out! Whilst on paper, it looks attractive, I don’t think it’s that great an appeal! 

Properties within my budget come on the market, and they’re gone within 24 hours. I offer over asking price, I offer under asking price, I offer asking price, and STILL I’ve been unsuccessful. I have to disagree but I can more than afford what I’m looking for, it’s the state of the market at the moment. I’ve also had help from my MB, to do the figures so I know my limits.  I would never try and go for properties which I know are well out my reach because a) what is the point, and 2) EAs will laugh!

Originally when I started looking last September, I was rigid in my thinking, what I wanted, what was a no no. I’ve since compromised, a lot, but perhaps need to revise, revisit my list, and go from there. Appreciate your feedback. 

Justonemorecupoftea

Book in a second viewing and try to make a decision reasonably quickly. You've said above that you had a FTB pull out a couple of weeks in - sounds like you are further along than that. The longer you leave it the more difficult it will be for the vendor. Unless it's a new build.

hackneylou

Don't worry about anyone else - this is a huge purchase and the housing market is cooling down now the stamp duty holiday is finishing. I was in a similar position and felt embarrassed to pull out but of all people, my solicitor picked up on my reservations and spoke some common sense to me - don't go ahead with the purchase unless you are sure about it. 
We subsequently found a much nicer house I couldn't wait to complete on so trust your gut.   

PollyWollyDoodle

I’ve been reading your posts because I’m in a similar position, sometimes by the time a house is on Rightmove it’s already under offer. I have made offers, but been outbid or they chose a cash buyer. 

Like you, I don’t want to lose my buyer who is almost at the point of exchange so I’m going to move into rented property. I’m hoping this will put me in a much stronger position to buy, and that the market will have calmed down again in a few months. Are you able to consider renting? I don’t blame you for not wanting to live with family.  

What were the reasons you chose this house? Location is key, almost anything else can be changed - but if you’re not feeling it in your heart, don’t buy it.