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When to put house on market

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  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
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    Mutton_Geoff wrote: »
    I wonder how that conversation would go? "I'm charging you more to cover the costs of a contract I entered into".


    Why should the purchaser pay the sellers costs? Assuming some equity, then if the OP is not in a position to port the mortgage then surely it should be they that take the hit?

    Exactly, most buyers now are not in a position to give "Top Ups" on price, more likely they will be looking for deeper discounts.
  • Mutton_Geoff
    Mutton_Geoff Posts: 3,819 Forumite
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    amandacat wrote: »
    Hi, thanks for your replies. The ERC is going to be far more than I’d want to lose for the sake of waiting a few months.
    My property is likely to be a first or second time house purchase for someone. I’m moving into rented when I move as I’m relocating with work and want to get a feel for the new area before buying plus trying to view houses from a distance will be a nightmare so trying to sell and buy simultaneous isn’t something I really want to do, particularly as I don’t know the new area at all.
    Sounds like maybe waiting until April will be wise.


    I believe some lenders will allow you to pause the mortgage before porting in these circumstances. Have you spoken to them about this at all or just assuming the ERC is due?
    Signature on holiday for two weeks
  • reveller
    reveller Posts: 12 Forumite
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    I'd just list it and have August mentioned in the description.
  • itmakessense
    itmakessense Posts: 39 Forumite
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    Market now and advertise completion in or after August. Depends on house price but SDLT threshold will probably change in April so market will pick up as some buyers waiting to see. Especially buy to let.

    You have time to find a good solicitor too. most important and don't listen to agents trying to sway you to do what they want you to do.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
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    itmakessense wrote: »
    Market now and advertise completion in or after August. Depends on house price but SDLT threshold will probably change in April so market will pick up as some buyers waiting to see. Especially buy to let.

    You have time to find a good solicitor too. most important and don't listen to agents trying to sway you to do what they want you to do.

    Good advice.
  • getmore4less
    getmore4less Posts: 46,882 Forumite
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    amandacat wrote: »
    Hi, thanks for your replies. The ERC is going to be far more than I’d want to lose for the sake of waiting a few months.
    My property is likely to be a first or second time house purchase for someone. I’m moving into rented when I move as I’m relocating with work and want to get a feel for the new area before buying plus trying to view houses from a distance will be a nightmare so trying to sell and buy simultaneous isn’t something I really want to do, particularly as I don’t know the new area at all.
    Sounds like maybe waiting until April will be wise.

    When will that happen.

    I would be trying to time with that rather than an ERC unless you can still commute to the house at least on weekends.

    What % is the ERC on asking price with less than 1year to go most will be around 1%/2% on mortgage, some are 5%.

    All those are within the wiggle/guess price range anyway

    one strategy is to market but at the top end if you get a bite ERC covered if nothing a decent drop to a price to sell around the end of May and have the solicitor work to a end Aug date.
    That does have the its sat there for 3 month issue but a decent cut point firmly to price.

    I would be using the time(now till Aug) to watch the market and do a decent more like this analysis monitoring the initial asking, SSTC and sold through pricing, so you know what people are buying and what price.

    Priced right it will sell
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