How quick I can sell my home after I bought it

yya

Hi everyone, I would like to ask questions regardin selling my home. I have bought a flat last week, but only after I bought it, I found the ceiling height is too low, which is 2.26 meters. Now I feel headache when I am inside the flat and want to try to get out of it asap.  

I had a seach online, and seems I can only sell 6 month after the land registry process is completed otherwise the next buyer would not be able to find a mortgage. My solicitor told me the land registry might take up to 6 month hence I think it might take 1 year minimum? I would like to ask have anyone had similar experience of selling your home within 1 year you bought it.

thanks in advance.

ReadingTim

Selling it less than 6 months after buying it will mean you're limited to cash buyers as it's probably not possible to get a mortgage on the place, and you'll probably have to take a hit on the price.  

However, whilst the Land Registry could take up to 6 months to register the transfer of ownership, when they process the forms it will show the date you purchased the place, not the date they processed the form, meaning the two 6 month periods can run concurrently rather than consecutively.  

propertyhunter

I think 2.26 metres is a standard height. Are you taller than average? Do you know why it didn't bother you when viewing, or did you not view it in person?

You could rent it out in the interim, since demand is high - and then rent your own place.

However, it's still early days. Take some time to settle - and you never know you may change your mind. But if you're bumping your head on the architraves, maybe the headache won't go away. 

user1977

There is no minimum legal time for re-selling - as you have found out, some (not all) mortgage lenders expect a minimum of six months. Your Land Registry application doesn't need to be completed either, transactions can happen with previous ones pending - but if a buyer's solicitor insists, you can expedite the application.

I would be more concerned that buyers will be suspicious about why you're selling so swiftly.

yya

propertyhunter said:

I think 2.26 metres is a standard height. Are you taller than average? Do you know why it didn't bother you when viewing, or did you not view it in person?

You could rent it out in the interim, since demand is high - and then rent your own place.

However, it's still early days. Take some time to settle - and you never know you may change your mind. But if you're bumping your head on the architraves, maybe the headache won't go away. 

Thanks for your reply. I feel when I viewed the flat, it does not looks so low with the bulk furnitures inside. But now it is empty and I start to feel a sense of pressure especially in the living room. But that is a decision I made so I can only regret it instead of complaining about it and find a solution

mi-key

2.26 is not particularly low, the standard room height is 2.4m - 2.5m.

Are you sure it is the ceiling height is giving you headaches and not something else? Would be a shame to sell and then find out it was something else causing it? 

housebuyer143

yya said:

propertyhunter said:

I think 2.26 metres is a standard height. Are you taller than average? Do you know why it didn't bother you when viewing, or did you not view it in person?

You could rent it out in the interim, since demand is high - and then rent your own place.

However, it's still early days. Take some time to settle - and you never know you may change your mind. But if you're bumping your head on the architraves, maybe the headache won't go away. 

Thanks for your reply. I feel when I viewed the flat, it does not looks so low with the bulk furnitures inside. But now it is empty and I start to feel a sense of pressure especially in the living room. But that is a decision I made so I can only regret it instead of complaining about it and find a solution

You have just bought it, it's very daunting and stressful. I bought mine recently and hated it for at least a week, I loved it shortly after. 

Get your stuff in and get it how you like it and then see how you feel. 2.26m isn't that low and many houses have the same. 

TBagpuss

It's not an usually low ceiling - I would suggest hat you look at alternatives to selling first - maybe redecorate to sees if that helps the space to feel larger, install smoke and CO detectors and get any gas appliances checked and serviced just in case there is anything such as a small leak causing your headaches. Also consider getting some house plants as these can help improve air quality and 

Also consider - have you changed any of the cleaning products or air fresher that you use, or have you need doing a deep clean and used more than usual? Lots of people, myself included, are very sensitive to scents and it may be worth getting rid of any scented products and airing out the rooms to see whether that makes a difference.

AS others have said, buying a house is very stressful so it's worth considering whether the headaches may be stress related. Do get checked out by your doctor to be on the safe side.

IF you've tried all those things and then still find the place doesn't suit you, then you can market it.

However:
- A lot of lenders won't offer a mortgage within 6 months of a previous sale so it may limit your pool of buyers.
-buyers are likely to be wary and wonder why you are selling so quickly, as it can often be  red flag suggesting that there is something wrong with the property (anti social neighbours, excessive noise, etc, so people may be cautious about the property nd want to know why you are selling so son.

If it is an option, you could consider trying to get consent to let and renting it out for a year or so then selling 

sheramber

What was the height of the ceiling  in  your previous residence?

born_again

 install smoke and CO detectors 

Headache is a side effect of Co2.

Open windows to vent rooms, if there are any gas heaters.

yya

sheramber said:

What was the height of the ceiling  in  your previous residence?

I was renting in an office converted flat and I think the height was 2.7