2 weeks from exchange but i am having second thoughts...advice

TBeckett100

We are due to buy a 2 up 2 down terrace. the living room is 3m square (tiny) and the usual dining room was made into a kitchen. since i have made more vists to the property there is cracks in the rending, rotting facia boards and garden wall falling down. the stairs are so small they wont all us to get a wardrobe up there, so I am pretty much worried sick I am buying a house that I am not happy with to save everyone else hassle.

to cut a long story short, surfing the net this evening has uncovered a 3 bed terrace with a 20ft living room, ok it needs some modernisation but it is vacant and I am sure i can get it for 5-7k more than I am paying for mine.

question is, and i have already answered it, should I be afraid to look at another house and pull out if necessary?

carolt

No.

:):):)

movingforward2010

the choice is yours, bu all i can say is someone pulled out of buying my house in dec, 1 week away from exchange, at this point i had already made an offer on another property and paid the search fees and survey etc, so i lost out.

mpsavuk

I think you are answering your own question by listing all the faults and the fact that you are having second thoughts.

TBeckett100

i appreciate of course everyone that would be affected, but its a case of whats best for us really. its ahuge investment and i just the best for our budget

TBeckett100

we already pulled out a month ago and i panicked cos there was nothing else. managed to get it for 5k less back then,

i hate buying and selling. I think i may be an offer addict!

silvercar

Shame you didn't think of the problems when you made your offer rather than months down the line. A lot of people will have invested time, money and emotions on the back of your offer.

TBeckett100

the hosue we are buying is vacant and she is waiting for her bf's house to sell so the can buy together.

sarahlouise210

I think that you should pull out if you are not truly happy - but also think it is very unfair if the person you are buying from loses out financially because you do - in this case I would offer some sort of compensation which would be better than being stuck with a house you do not want.

jo1967

You are not buying a new dress! Its a huge financial commitment & you must do what is best for you. I speak as someone who has been in the postion of losing a buyer close to exchange & losing a house I wanted (& therefore money) but in the long term I am happy with my home & happy to stay for many more years.

Doozergirl

Look, if you are going to do this then for pity's sake don't do it again. Being a 'offer addict' is nothing to be proud of.

Make a list of important things like the condition of the roof and fascias, the boundary walls, the way the radiaors look, whatever, and take it with you to a viewing and tick of each item rather than impulsively making offers and pulling out when you have taken the rose tinted glasses off.

If the house is wrong, then you musn't go through with it but get it right next time, please. Leave it a couple of days between viewing and making any offers and see whether the house is still pulling at you. It's just like taking a deep breathe a counting to ten really.

Unless you have hugely expensive wardrobes, they can be unscrewed and moved in pieces Even bigger houses can have issues like that - wardrobes are, erm, big!