Dilema help and advice appreciated.

pawpurrs

I am currently living in a house that for various reasons is making me unhappy, mainly neighbours/area/road noise. I really want to move,but having been here only 18 mths,the thought of stamp duty,hips etc is frightning plus the HPC....... (wish it would hurry up and be done with)

What should I do? Should I consider buying another house (if I can sell) or would I be better to go in to rented?

pawpurrs

Incidentley I have seen somewhere that Is a property I am interested in more on the mortgage and needs complete refurb, but is a rare find in the area I want,period, detached with parking off the main road! Very very rare!

I wouldnt be able to do it up initaitllly and would have to make do, but properties like this just dont come up at all, I used to sell houses in this village and its the first I have ever seen

No one got any opinions,thats not the MSE I know and love

jangor_2

I can sympathise with you, I only bought my house eight months ago and hate it. The property was in a poor condition and I have spent about £15000 just to get it basically sound, i.e. rewiring, central heating updated, guttering and fascia replaced, roof repaired etc. I finally conceded defeat and bowed to the inevitable HIPS and put my house on the market about four weeks ago at a reasonable price and knowing that I would need to accept a lower offer. The area is actually very nice but I have not had one viewer and the EA is very pessimistic. I therefore feel that the HIPS is going to be a complete waste of money, wish I had blown it on a weekend away or some new clothes,:cool:, and although I desperately want to move, I think perhaps I should have waited a while. Not sure if this helps.

Davesnave

No replies probably means it's a nice sunny day everywhere, just as it is here!

Having been there, done it and got the T shirt, I would say forget viewing or dreaming until you have an exchange on your house, especially in the present market.

I don't think it's so crucial whether you buy again or rent at the moment. Obviously you have something 'special' in mind, so that might well entail waiting & renting, but at least you can step off the ladder with complete confidence, whereas you couldn't have contemplated that a while ago.

If the house is making you miserable, then it has to go. Really, your first consideration is how to pitch the sale so that you attract potential purchasers, because without them you're going nowhere.

I guess you may be hoping that someone will tell you to sell now at a 'loss' because you'll recoup that and more if the HPC goes as low as some predict, but I'm afraid my crystal ball is cloudy. Most people would say an average 10 - 15% correction is almost taken as given now, but you'll be aware of that. I'm working on the basis of 20% in a year where I'm hoping to buy, but it isn't sunny Sussex. Your area could fare better.

pawpurrs

I hope I dont have to sell for a loss,well I sposse I can only try it and see
The blinkin useless HIP packs get on my wicks,cant see that they help anyone?