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Property/DIY

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Original poster

When you're waiting for house purchase to go though but see something better...

15 replies

flashbac · 17/05/2021 10:26

As soon as I had my offer accepted I came off rightmove, zoopla etc and vowed not to look again.

DH has just showed me what could be a forever home. Obviously we haven't viewed it (he doesn't want to) but its seriously turned my eye. I've had to make compromises with the current one going through with it's small kitchen and road noise but it's a lovely house otherwise and there are too many investors in the area snapping things up so I got in there with my offer within a week of viewing.
Survey is done and I'm waiting for searches.
I don't want to mess the sellers around.
Make me feel better please!

OP posts:

readytosell · 17/05/2021 10:27

You only live once.

MrsBarnstable · 17/05/2021 10:30

If I'm honest, I'd go and have a look. You'll always be wondering what if

Annasgirl · 17/05/2021 11:16

GO and see it - you have not signed a contract yet - you only buy the house when you exchange and pay the final payment (you can still pull out after exchange here in Ireland but you lose the 10% you paid)

So, go and see it and then decide. Also, a bit of hassle now is worth it if you never need to move again (I know, as we bought a forever home and I am so glad I did as houses where I bought are like gold dust now).

Original poster

flashbac · 17/05/2021 11:44

I was hoping you wouldn't say that! The sellers are lovely, I would hate to do that to them.
I wish the process we have for house buying and selling in this country was sorted out.

OP posts:

readytosell · 17/05/2021 11:52

@flashbac

I was hoping you wouldn't say that! The sellers are lovely, I would hate to do that to them. I wish the process we have for house buying and selling in this country was sorted out.

Hmmm, I know people say how awful the housebuying process is in England/Wales... but it's half a dozen of one and six of the other. No commitment until exchange means anything can happen for both good and bad.

As lovely as the sellers may be, you are answerable to you and yours.

Go and see it - you might not even like it that much in person, or someone else might want to buy it even more.

Hallyup6 · 17/05/2021 12:22

Go and look, at least. You might hate it. We bought a house a couple of years ago and there were things I compromised on because my husband loved it and there was nothing else on the market. I've regretted it ever since and we're now talking about selling again.

Londongent · 17/05/2021 12:33

I would go and see it. A house is a long term purchase. You would be forever wondering. It will either cement in your mind that you are buying the right house or you may get your dream house.

senua · 17/05/2021 13:06

Obviously we haven't viewed it (he doesn't want to)
Why did he show it to you, then? Why was he on Rightmove in the first place? He speaks with forked tongue!

You could go and view it, to get it 'out of your system', as long as you don't think that your vendors will find out (it is a different EA, isn't it?).
Stamp Duty is so expensive that you want to minimise the number of moves that you make. If this really could be your 'forever house' then it would be daft not to give it a look.

Original poster

flashbac · 17/05/2021 15:05

So readers, I cannot view as all slots are fully booked! It only went on Rightmove last night!
Feeling better about the situation now that's its moved beyond my reach. I have ZERO desire to get into a bidding war!

OP posts:

mobear · 17/05/2021 16:23

We had something similar, but then our survey came back with a lot of work needed and our seller wouldn’t budge on price so we pulled out and bought the other property. A blessing in disguise I think.

But in this market your sellers will probably resell really swiftly if you pull out. I’d try not to feel too badly about it. Most, if not all, of the costs that have been sunk at this point will be yours anyway.

pinksnowball · 17/05/2021 16:44

We pulled out of a house purchase recently (after a dodgy survey) and it was back under offer within 48 hours! The sellers will be fine.

Having said that, I'm a big believer in 'a bird in the hand'. The other house could have all kinds of compromises and the extra stress of re-bidding, re-surveying etc etc probably isn't worth it unless you really feel you can't be happy with the place you've already got in the pipeline.

TinyGlassOwl · 17/05/2021 17:07

Oh, OP, I've just been having this exact conversation with DH!!

We are a month into buying - good solid house, well within budget, great potential space but a compromise in many ways, not least that it will need a LOT of cosmetic work (it's really ugly inside although the bones are good) and it's not at all what we first had in mind.

A different EA has just emailed me the details of The Dream - utterly gorgeous double-fronted Georgian straight out of Inigo (the period version of the Modern House). It's slightly over budget but we'd have to do nothing internally. In fact I'd probably try and buy all their furniture off them as well. It's not got the garden space that 'our new house' has but it is so gorgeous and the location is perfect.

It'll probably go for sealed bids and silly money, whereas we have got a bit of a bargain in hand, but I am already thinking wistfully of its beautiful parquet floors, huge windows and glorious character features, compared to the shiny grey-carpet ugly duckling we're actually buying

Ugh. Bird in hand though, right??

lastqueenofscotland · 17/05/2021 17:10

I was in the same situation and went to see one that looked better value... while I was waiting for the agent there was a couple having a SCREAMING row across the street (inc her throwing some of his things out the window). The kids looked pretty used to it and I’m glad I dodged that bullet!
No harm in going to see it but agree bird in hand and all, you might get an offer accepted there and then get downvalued or the vendor take a year to find an onward etc

Original poster

flashbac · 17/05/2021 19:22

It doesn't help that I've just found out conditional planning permission has been granted for a change of use to a takeaway for some premises nearby! Hoping they don't go through with it as the conditions are that its temporarily granted pending trial run to see effect on area.

OP posts:

Livingintheclouds · 17/05/2021 19:55

Yes the state of the market today means people are considering properties they would have rejected at any other time. I'm buying a house I'm not 100% sure about. House is good, just wish it was the other end of the street, closer to the shops and station. Of course I saw one that end and loved it but lost out to a cash buyer. Another house has come on that end but for £150k more than either of the houses I looked at (they are all same size with similar layout). I'm afraid that has set a precedent and so when I saw the house I'm buying I thought it was good enough tbough ended up in a sealed bids situation but luckily got it. Not my forever home though.

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