i bought a house this week, need to sell mine, am i mad???

[redrobin]

eek! saw dream house a fortnight ago, bought it last week and our current house is now on sale! oh my GOD am i mad?

[bellabelly]

yes, you nutter! Hope you get a quick and easy sale.

[2cats2many]

Uuuumm.....do you want the honest answer or the comforting answer?

[BreeVanderCampLGJ]

Surprised they took your offer, unless you were a cash buyer. In which case.

[redrobin]

i think i know the honest answer! so comfort me...i keep telling myself that I bought, so someone else might...have developed excema under my eye already!

[RuthT]

depends where you live and what the market is like, along with what your financial situation is.

I just know that in West London there are no buyers

Good luck

[redrobin]

Bree...they wanted a cash deposit of 10% which my lawyer managed to negotiate on. definitely NOT a cash buyer! was wondering whether things really are as bad as i am reading in the press, or whether there's a bit of media hype.

[redrobin]

oh califrau...(imagine have a small voice, trailing away in fear...)

[Tigger13]

runs away and says nowt!

[Fimbo]

If you have something unique, like a cottage for example they are still selling quickly round my way, but a bog standard 3 bed is going nowhere.

[nancy75]

maybe i can make you feel a bit better, my parents put theirs on the market a few weeks ago and sold it to the first people that came to see it for the full asking price, i know its unusual but it can still happen. good luck

[redrobin]

nancy...i will fix this in my mind and keep praying!

[edam]

A house my friend wanted sold within two days of going on the market (she'd been trying to buy it privately but couldn't get a buyer for her house). So it can still happen!

[beansprout]

Houses are still being sold around here. Good luck!

[Upwind]

Depends whether you have a fixed completion date for the one you have bought?

[RusselBrussel]

When you say you 'bought' a house, do you mean you made an offer and it was accepted, or do you mean you have signed on the dotted line?
If the latter, how did you manage that without releasing the mortgage from your old house and transferring it to your new one if you are not a cash buyer??

[fishnet]

have you actually exchanged contracts? How did you manage that so quickly?

If not then thank your lucky stars and delay exchange until you have exchanged on yours!

[redrobin]

haven't actually signed yet, no! have had offer accepted. they are going back to australia at the end of november, so we have quite a long time to sell. (gulp). although slightly cheered today by news that house prices are going to rise by 25% in next few years....maybe this might mean people are more willing to snap up a 'bargain'. oh am i kidding myself?

[prettybird]

I see you're in Scoltand - I thought as much. Things move much quicker up here than they do down south, so as long as price your place sensibly, you should be fine.

Each "link" in Scoltand seems much more secure than in England, so we are never really aware of chains.

And if you go ot "Closing" you can always include the requierment to move by x date as one of the criteria.

[ThePettyandIllinformedGoat]

where are you selling? [nosy]

[redrobin]

i'm in edinburgh Goat, very nice area, 3 bed ground floor conversion, sunny garden...i think you should buy it!

[ThePettyandIllinformedGoat]

god i am itching to know where you are!

i am so not moving right now.

where are you moving to? [pointedly rude and nosy]

[claricebeansmum]

If you can't sell can you rent out? We have rented ours out and am cheered by todays long term forecast.

[redrobin]

Moving to Peebles. It's all mad, and its all happening so quickly, i can't really take it in. am sure (ish) its a good move, if i could rely on selling - sort of a big if, eh?

We're in the Grange at the moment. it IS really nice, hoping someone who's downsizing might buy it! for cash!

[redrobin]

clarice, we checked out renting but the rent wouldn't even vaguely cover what we'd be paying out. have started eating beans on toast already in preparation for bridging loan (please God no)