Split from XH a few years ago and have been living in the marital home with the DC. When it was time to apply for DS1's secondary school, decided to make the move back to my family's town so we'd be there "for good".
Put house on market - 40 viewings, 7 offers, accepted the second highest at 50k over asking price. Unbelievably surprised and happy.
That extra money gave me the real possibility of buying a place, rather than moving back in with parents and saving up. All good.
Found a 3-bed place just 2 minutes' walk from my parents' house. Ugly from the front, on a busy main road near a garage and a speed camera (!) but quite nice inside. TINY garden overlooked on all sides. Walking distance to the schools. Put in 3 offers until they finally accepted one at £5.5k under asking price.
Paid £300 for mortgage broker to get me a mortgage. Paid £640 for a full structural survey. Paid £300 to solicitors for search fees.
Am now having second thoughts. :( The house has been on and off the market since Nov 2011. Rented out when not on market. They've had previous offers which have dropped out, often days before completion.
Everyone I meet in that town (via a Facebook group) seems to have viewed that house at some point and disregarded it. It's a nice town, but the house is in a row of about 10, all 70s built, that just seem a bit... rough. Which is the only reason I can afford it, tbh. It's about £50k less than other 3-beds.
I've spent SO MUCH MONEY because I got all excited and just HAD to secure the house... And now I'm not sure. It's £235k FFS! Cheap for the town but in all other senses it's ALMOST A QUARTER OF A MILLION.
Survey came back fine, except he advised that the double-glazing was shot (misting), and to get vendors to give a legal declaration of any previous noise problems - the houses have no sound-protection and he said a "large unaccompanied dog next door barked throughout the viewing".
What do I do? If I pull out of this, I can move into my parents' house and be a cash buyer with a mortgage AIP when my house completes. That's not progressing as fast as I liked either -- they had a mortgage valuation and a couple of things on that have led them to book a buildings survey next Monday.
I've never done this before and feel I've been too impulsive and rushed into things. And I'm worried my solicitor is going to think I'm a time-wasting idiot if I back out.
I'd be walking away from a cheap bird in the hand for a prettier, nicer two in the bush that May or may not come on the market next year at my price.
Don't know what to do. Sick of thinking about it all, tbh. And spent ALL my money on a house I'm not sure about! Only have £350 left till I get paid. :(
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I'm an idiot
AnuvvaMuvva · 18/12/2013 22:47
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Excellent 
Phone them now and tell them you want to see it today - find a way to do it, they wont last where you are looking and for only £10k more than the other one.
They will be fine with it - more commission for them and they know why that other house isn't selling and aren't telling you - so don't worry about what they think anyway!
I've just had a look - nice garden. Strange place for a cat flap - they must really love their cat
I'd put a lower offer in for it though - I think it's worth more like what they were asking for the other one myself - maybe £240, I think £250 is a bit steep - but if it ticks all your boxes and is near your parents etc, it might be worth you paying the extra if you need to, to get it, but I'd start with a much lower offer.
I've got to calm down. Getting over-excited about houses is what is what cost me £1200 on that one I wasn't even that keen on. 
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