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What to do.....what would you do???

4 replies

Shotinthedark2022 · 14/07/2022 10:35

Well i wasn't the successful bidder on the best and finals on a property that i loved,even though i asked well over.
The dilema i have now is.I have a buyer for my property,but i cannot find anything i like other than the one i missed out on.I check Rightmove at least once a day,but nothing appeals to me.
I also still love my property which i have lived in for a long time.However i did have to take out equity on it to get rid of an ex partner.So the main reason for selling now was to pay back the equity,as the interest is rolling up, and i wanted to buy something outright.But any property i buy i need to love it as i do this one.The buyers are getting a bit restless,asking my estate agent if i have found anywhere etc.I am just concerned about selling and buying somewhere i wouldn't be happy in.I havn't instructed solicitors yet,but they keep reminding me to take paperwork in.I am torn between taking my property off market and staying here even though the equity interest is building up,or carrying on with the sale.Has anyone got any advice they can give me please,as i am really at a loss as to what to do.Sorry for long post.

OP posts:
onlywhenidream · 14/07/2022 10:39

You can't afford what you want so you need to rethink

And also be practical - you don't need a house you love - you need one you can afford - but if you are lucky and creative you can turn most places into a home you love

bilbodog · 14/07/2022 10:39

Are you registered with estate agents in the area you are looking? This can make a difference as agents will fire off emails of properties new to the market and you would get this notification before they appear on rightmove?

pilates · 14/07/2022 10:39

Would you move into rented?

parietal · 14/07/2022 10:41

can you afford to stay in the current property for 3 years? are you paying the interest on an interest-only loan or is the size of the loan increasing year by year?

If you can afford to stay without your debt going up, then stay. But if your debt really is going up month by month, then sell and buy something smaller that you can actually afford.

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