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AIBU?

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Original poster

To feel bloody miserable that my house probably won’t sell?

209 replies

Yesaigust · 05/12/2024 15:00

I paid 520 for my house in 2022. Had it valued at 540. When I bought it I wasn’t in a great place mentally and think I probably paid over the odds for it a little as it was all done up etc. Anyway, it’s been on the market a week at 550 (in the hope of getting 540) and no enquiries. I’m desperate to move but need the 540 to break even with moving costs after buying in 2022.

I feel stressed. I’m a lone parent too and feel like everything is getting on top of me now and I’m also trapped somewhere I really don’t want to be. Just having a moan really but wondered also if anyone had any advice.

OP posts:
Ablondiebutagoody · 05/12/2024 15:04

Why do you need to break even?

TheSilkWorm · 05/12/2024 15:04

It will sell at the right price/time. Why do you need £20k to break even? The costs of moving are a separate cost, you can't expect equity to cover it necessarily. As long as you can cover the mortgage you owe or port it then you just need to sell for what you paid (slightly less even, with the equity you've paid off)

WickedlyCharmed · 05/12/2024 15:04

I’d take it off and relist it at the end of January.

Nobody is looking at houses now, and by the time they start again next year they’ll see it’s been sat there for a couple of months already.

lobsterkiller · 05/12/2024 15:04

Nobody is focused on house buying at this time of year, as pp said new year things start to pick up again.

Original poster
Yesaigust · 05/12/2024 15:04

@redgingerbread the place I have seen and would like won’t accept my offer until mine is sold. So there’s a bit of pressure. The agent said before Christmas was good time to list as everyone looks at rightmove over the holidays.

OP posts:
PonyPatter44 · 05/12/2024 15:03

Assuming you are in the UK, this is the worst time of year to sell a property. Noone wants to buy before Christmas. Take it off the market and relaunch in the new year, and ensure it's got as much kerb appeal as possible in the meantime.

DaftyLass · 05/12/2024 15:03

Have you done improvements to increase its value in the last two years?
If I were looking, and saw it sold to you recently, I would assume you had done some upgrades before reselling

Sidebeforeself · 05/12/2024 15:03

It’s only been a week!

redgingerbread · 05/12/2024 15:02

Do you need to sell urgently? I don’t think pre-Christmas is a great time - there’s likely to be much more interest in the new year.

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