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

macman

You haven't 'secured a property'. You have (presumably) just had an offer accepted. So you, or the vendor, can withdraw at any time up to the day of exchange, without penalty. About one in three offers do not go forward to exchange, for a myriad of reasons.
Buying something you don't want due to concerns about being 'seen as a time waster' is just ridiculous. 

tdawber

Definitely go for a second look.. 

Crashy_Time

RoseGold2021 said:

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. 

Prices are falling again, just take your time, look at other properties.

RoseGold2021

UPDATE: thought I’d give myself a few days to try & like this property. Whilst I like the downstairs, it’s the upstairs I’m struggling to like, get my head around. Definitely going to arrange for a 2nd viewing, & go from there. 

RoseGold2021

hackneylou said:

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.   

I should be really excited to move, instead I’m just unhappy. Part my problem is I’ve seen some amazing houses which were well within my budget, had the space I wanted, and saw them as a ‘it can do everything’, ie study, space for a family (if I have any), spare bedroom for family / friends and etc. Every property I’ve been after, I’ve been pushed out in favour of FTBs/couples, which has disheartened me so much, as I really loved the properties. Through frustration and being fed up with it all (10 months I’ve been looking), and being pushed into it, I put an offer in on this property. 

Can I ask what exactly did your solicitor pick up on to make them question your reservations?

I’ve tried to like this property over the week. Whilst the downstairs is ok, it’s the upstairs which doesn’t work with furniture and etc because the rooms are boxes. Ive been told to ‘make it work’ by knocking out walls and etc which seems bonkers! 

RoseGold2021

PollyWollyDoodle said:

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. 

What I started doing, I started developing rapport with EAs. I’ve got ‘contacts’, so I’d email them every so often, and ask about any new properties before they hit Zoopla / Rightmove. Every property I viewed, I was always the first to view. So my advice, try that, and see how you get on. 

Renting, literally there are hardly any places to rent at the moment because of what is going on, so I’m stuck! 

Frustration! Searching for 10months, lost count of the houses I’ve viewed, and I’m constantly pushed by FTBs/couples! Also I got pushed into buying this because it’s “cheap”, and everyone else around me likes it. So put an offer in on this, and got it. Location is fine, as I know the area very well. Part of the house is ok, it’s the upstairs I’m struggling to like, get my head around. So going to request second viewing, and go from there. 

PollyWollyDoodle

Well location is key. For me the downstairs of a house is more important because that’s where I spend most time. Do you think the upstairs could be re-configured, but you could live with it meanwhile?  There isn’t much in a house that can’t be rearranged or changed.  

I’m curious as to who you feel has “pushed” you into this, this is a huge deal and you should be the one making decision. A second viewing is definitely called for and it’s surprising how different things can seem second time round. 

steampowered

If you are not happy with the property, I think you should pull out ASAP. Better to pull out now, than to string everybody along then pull out later.

Especially if you are planning to be there for some time. A house to live in for 3 years is different to a house to live in for 15 years.

The housing market has been extremely hot for the past year. It won't be as hot next year now that the full rates of stamp duty is back, so you might have a bit more luck making offers.

homersimpson246

I would echo the advice above, once you have got a house its hard to get rid of it so make sure that you buy one you are happy with. 

If you couldn't get what you want for what you can afford thats a bit different but if there are houses that you like in your budget but your not being successful getting them then I would hang on until one comes up that you can get.

Its a lot of money and a lot of hassle for something you don't really like

RoseGold2021

UPDATE

Been to view property again, & I still don’t really like it. But I have no other option but to continue. My property is on the verge of exchange & completion so cannot back out of that sale, & I don’t want to (I want rid of it). Figured though I’ll live in the new house for 18 months, & providing the market stays okish, I’ll sell up & move on to something I want.