Hi guys, thought I would start a little thread for this. Anyone else in the same boat? I was due to exchange on both Sale and Purchase, however a few week prior to this, there were some red flags around my purchase (loft, lack of building regs, I know the subject has been done to death). I made the decision, after getting advice from various people to withdraw from the purchase. I decided to proceed with my Sale. I was selling a leasehold flat, I got a really good amount for it (far more than anticipated), and there are so many issues around selling leasehold, it was an absolute ball ache and so stressful, hence I made the decision to break the chain.
I am also in the fortunate position of being able to live with my folks; they have a large house, and as well as my room, I have an office, and the entire contents of my flat in their outbuilding.
The market was mental when I was looking back in April, and I felt so deflated every time I viewed place...... until the house (which I walked away from) came along. I hated the look from the outside, but inside it was lovely and I would have been able to move it without doing anything. Was huge downstairs, so much space and I had planned my christmas there already :-(. I did make compromises (not liking the kerbside appeal), and I offered well over asking, however with the issues raised I just didn't want to take the risk.
I have been at my folks for five weeks, and have started house hunting again; but I am just back to that deflated feeling again. I don't like any of the houses I have seen, and I can't understand the market. I feel like prices are higher, but then also lots being reduced, and coming back on the market. It seems a little calmer, but certainly less stock coming to the market over last few weeks. I am now wondering whether I should have just gone ahead. I was nervous about resale of the house, and it was not my "forever" house, if there is such a thing, and it was causing me sleepless nights. There was also a chance that future Lenders may not lend on property, it all sort of depends on how diligent any future buyers solicitor is.
I just hope this horrible feeling will go away.....
I am in a fortunate position now, chain free, lots of cash and am proceedable. My folks don't take a penny off me (I help out with shopping, chores etc) and I have a good relationship with them, and it's not like I have had to uproot my life (they are in the same area) and I don't have kids.
I just wondered if there was anyone else in my position, where you have completed and still looking, and whether any positive stories about not regretting the "one that I walked away from".