I’m keeping this short-ish. We are in a short chain of 2 houses. Our buyer is in rented and our seller has emigrated and already gone.
A whole host of financial issues has come to light this weekend (job security combined with fixing some things from survey) and we now strongly feel that the right thing to do is stay here, at least for 2-5 more years. It means giving up a house in our dream village, but it was a fair downsize and we are worried it’s too big a risk. We are risking a difficult schooling situation by staying here but financially it’s very sound to stay put. It’s certainly not our forever home though.
If we are pulling out we need to do so this week. But I feel hugely guilty for doing so as we were genuine buyers and have spent a fair sum in conveyancing, full structural and thatching surveys etc.
Logical brain says we have to do the right thing for us and sod everything else. We are having a redundancy round at work and whilst I am relatively low risk of impact it’s far from certain and I’m the main earner. That has to come before other people I know. But I feel like shit about it already and actually very sad to walk away from this pretty thatched moneypit to stay somewhere I don’t like.
So, if you have pulled out late stage from a purchase and sale please tell me it’s not the end of the world?!