Thinking of 'pulling out' of purchase but stil sell?

housebuyer2018 · 5 July 2018 at 7:13PM

Ok, so to start with i know i can be of a nervous disposition at times (i've had 1 episode of moderate depression a few years back plus generally anxious) however...

Background:

We aren't happy in our current house we bought 2 years ago. Has great space but not in the right places, no dining room, etc. Area is ok but not great and neighbours are weird - always feels like being watched and they once called police on us for 'parking on corner of road' which is outside our house and not blocking the shared drive but they claimed it was stopping them, etc.

So fast forward to now we have a good offer with a buyer looking to complete soon.

We're probably nearing finalisation of contract prior to exchange. Had a few problems further up chain but looks ok now.

I thought the house we were buying bar a few compromises (it will never be perfect) was great for our needs. Area is nice but i recently found out a few minor issues with neighbors (i know someone locally). A few are a bit loud or gobby but not those directly next to us (ones after that). Nonetheless with our own experience i'm just fearful of ignoring information we now know.

What to do?

I know we'll lose a bit of money if we back out but i'm also thinking whether to just sell and rent for 6 months to find some time to find something else (maybe even something to buy and do up).

My partner doesnt seem as worried as i am but says we both need to be 100% happy and sure about buying it. It is top of budget afterall.

So.. i know nobody can make a decision for us - we need to.
But does anyone have any experience of this and able to offer any advice/past experience?

Appreciated:

PS: I know its not nice for the seller for us to pull out but we do have to think of ourselves.. just dont want anyone to think dont care about them!

Red-Squirrel_2 · 5 July 2018 at 7:25PM

There is no perfect house, even with an unlimited budget. If you pull of this purchase is there a chance that your anxiety could stop you from ever feeling happy buying another?

Next door but one being a bit gobby doesn't sound like too much of an issue, if they were next door it were different. Bear in mind that in future purchases where you don't know somebody nearby you will have absolutely no idea what next door but one are like, most people don't when buying.

PasturesNew · 5 July 2018 at 7:34PM

Just buy.

It costs about £10k to move ... so try the house you've already picked and spent money on to get to this point ... if you rent instead, with agent fees, rent and any "loss of position in the marketplace" could easily set you back £10k ... and, who knows, the new house might be fine.

AnotherJoe · 5 July 2018 at 9:54PM

Zagubov, Did you reply to the wrong question?

LittleLu33 · 6 July 2018 at 7:21AM

Sounds like quite normal cold feet. I have anxiety too and I really empathise with how you feel and wanting for it to be right so badly.

It is a risk you take when you move, you can never be 100% certain until you're in, I'd be hesitant to make such big decision based on some vague rumours.

My parents house is on a very lovely quiet road, they have friendly next door neighbours and enjoy their garden. Somehow, there is still sometimes noise from neighbours behind and dogs etc but it really doesn't spoil it at all! You really don't interact with them. - my point being, you could pick the quietest most unassuming road and end up still with noise or worse! There's no way to know. I live near some noisy people at the moment but most days of the week It's silent and peaceful, and really not a reason not to live somewhere.

If the space is right for you and you will enjoy your new home that is the main thing.

I hope you'll feel better about it soon - best of luck with whatever you choose

RubyHouse · 6 July 2018 at 9:55AM

For me, location is everything. I think if you are having cold feet at this stage, you know it is not right for you.
Its true, the perfect home is a myth but there are areas you can compromise (size of house, number of bedrooms, d!cor etc) and these are all things you can change or adapt your way of living. I dont think I could ever get used to annoying neighbours.

In my previous home, we had a courtyard at the back of our garden which a few houses backed onto, one family used this as their BBQ/ party area long into the night. Or they used it to sit in the sun all day drinking cans and playing rave music and generally being loud. It was mildly irritating when we first moved in but infuriating after 2 years I was so glad when we moved.

[FONT=&quot]Your [/FONT]

zagubov · 7 July 2018 at 12:01PM

AnotherJoe wrote: »

Zagubov, Did you reply to the wrong question?

Yes I did!:rotfl: Sorry, OP. I meant to post that buying a house is always a compromise and if we all worried about our more remote or distant neighbours we'd never move anywhere.

My vote would be to continue, as the location is so important.

housebuyer2018 · 7 July 2018 at 12:17PM

Thanks all for your feedback & advice. It seems the general consensus is go for it.
I think i know that if we go anywhere else who knows who you'll live near, let alone next to.

Last minute nerves i guess. Decided to give myself the weekend to mull it over and make the call but leaning towards sticking with it for now.

Thanks

WoodyMax · 7 July 2018 at 12:24PM

If it were me and I was at this point in proceedings and not sure of my choice I would sell and not buy.

You are then in a very strong position when you do find somewhere and to be honest, not sure where you live but the heat seems to be coming out of the housing market so you may actually get something much better for your money.

I think it is so important to be sure. I've made mistakes in the past, sold our house eventually, it was a difficult sell and thought we had the perfect house. A couple of weeks before exchange I started having doubts and pushed them out of my mind - only to complete on the purchase and move again six months later - very expensive.
No house is perfect but you do at least have to be happy and sure you love it before moving in. Its only my opinion, and I do wish you all the very best whatever you decide.

Hoploz · 7 July 2018 at 3:23PM

It sounds like you need to go and do some detective work of your own. Get in the car, park up nearby and watch whether anything untoward goes on! Tonight after the football could be an ideal time?! Stake it out. You could leave a dash cam running in the car while you go off rather than sit in the car. If that is your worry, go and get your own evidence. That way you can stop worrying so much.

shortcrust · 7 July 2018 at 3:33PM

You could have perfect neighbours today who could move and be replaced by horrors within the year. Or visa versa.

If you’re going to pull out do it sooner rather than later. You do have to put yourself first but having someone pull out of a purchase when you’re close to exchange is worse than “not nice”.

Thinking of 'pulling out' of purchase but stil sell?

Comments

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Categories

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free