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Original poster

STBXH pushing me to rent

13 replies

onepotattotwo · 30/05/2024 08:34

Hoping someone can advise...

Our house is under offer. Our intention was always to go into rented to break the chain however, we have now decided to separate.

Thankfully there should be enough equity for us each to buy a property and given that I am on a fairly low income now want to buy straight away rather than rent. Whereas STBH has a large family and several places he could stay as a stop gap, I have no one and need to be as secure as possible (for me and the DC).

The other issue is that we have a dog and most LLs round here don't allow pets and he has already said he won't take the dog.

I guess my questions are
Do I just agree to go into rental to keep the sale as smooth as possible or do I hold out to buy somewhere in the hope it can be completed at the same time (September ish).

OP posts:

Lighteningkip · 30/05/2024 08:35

Hold out OP. Put yourself and the kids first. The buyer can wait.

DoreenonTill8 · 30/05/2024 08:37

Lighteningkip · 30/05/2024 08:35

Hold out OP. Put yourself and the kids first. The buyer can wait.

And if the buyer doesn't want to?

Twiglets1 · 30/05/2024 08:47

Your house is under offer so presumably you told the buyers that you would be moving into a rental?

I think you should honour the commitment you made to the buyer that you will move into a rental. To change your mind threatens to lose your buyers.

Though I do think your partner should take the dog in the short term seeing as he can move in with relatives. I would try talking to him again about that and saying that the dog is preventing you from finding a suitable home for you & his children so you will need his help. The dog can return to you once you are in a position to buy somewhere.

Original poster

onepotattotwo · 30/05/2024 09:00

I should add that our buyers will be going into rental themselves as our place is a half finished building project and they will be getting builders in.

I don't know whether this works in my favour but it does mean they aren't desperate to move in

OP posts:

Itsallsoboring · 30/05/2024 09:08

onepotattotwo · 30/05/2024 08:34

Hoping someone can advise...

Our house is under offer. Our intention was always to go into rented to break the chain however, we have now decided to separate.

The other issue is that we have a dog and most LLs round here don't allow pets and he has already said he won't take the dog.

I guess my questions are
Do I just agree to go into rental to keep the sale as smooth as possible or do I hold out to buy somewhere in the hope it can be completed at the same time (September ish).

This is a buyer's market and as much sympathy I have for your situation, your buyers might also be renting too and have their own financial issues you don't know about. They may not take your change too kindly and may pull out since divorce and selling houses is a red flag.

Personally, you could accept a lower offer to make up for this if you decide to stay in the house. Renting is not that bad of a situation (you aren't homeless), but it depends on your own budget and finances. Why would that be any different for your buyers.

Itsallsoboring · 30/05/2024 09:09

onepotattotwo · 30/05/2024 09:00

I should add that our buyers will be going into rental themselves as our place is a half finished building project and they will be getting builders in.

I don't know whether this works in my favour but it does mean they aren't desperate to move in

I missed this.

So basically, you're asking them to pay more rent while they wait for you to leave. I wouldn't be happy, quite honesty, as a buyer.

GCAcademic · 30/05/2024 09:10

onepotattotwo · 30/05/2024 09:00

I should add that our buyers will be going into rental themselves as our place is a half finished building project and they will be getting builders in.

I don't know whether this works in my favour but it does mean they aren't desperate to move in

But why would they be happy to pay more rent than necessary? I mean, you don't want to . . .

Itsallsoboring · 30/05/2024 09:11

GCAcademic · 30/05/2024 09:10

But why would they be happy to pay more rent than necessary? I mean, you don't want to . . .

Show quote history

exactly this!

Hibernating80 · 30/05/2024 09:15

Say you are serious about selling, but just want to check if they'd be willing to consider. You will be in a better position to buy chain free, as long as you're protected in getting the share of the proceeds. I hope you're doing okay despite the change and I wish you and your kids the best.

Lighteningkip · 30/05/2024 09:16

There's no way I'd agree to move small kids twice, on your own. If these buyers won't wait then remarket it and be clear they'll need to wait. Your kids are already going to go through the upheaval of a divorce. People delay sales for all sorts of reasons. This is a perfectly valid reason.

Dressingdown1 · 30/05/2024 09:17

I would try to buy quickly. Good rental properties are like gold dust and with a low income you might be disadvantaged. At least talk to a rental agent and have a look round the market before you decide.
Some people choose to rent an airbnb property for a couple of moths if there's a gap between selling and buying

Pitstop1986 · 30/05/2024 09:20

Could you let the sale on your house go through as planned, look for another property, put in an offer and start the process of buying.

Your current place will sell whilst your purchase on the next property is in process.

In the meantime, rent a holiday cottage for the few weeks that you are in between houses and put your furniture into storage.

It's a bit of faff, but it means that you can put an offer in for the next place as a chain free buyer, your current sale goes through on it's original terms. Holiday cottages/air bnbs usually allow pets.

Just a suggestion, but it would take away the need to look at a 6/12 month lease on a rental in the interim

Harassedevictee · 30/05/2024 09:51

The key thing is how quickly can you find somewhere. Personally I would avoid the double move and be honest with your prospective buyers.

Spend this weekend looking at the property market, getting a mortgage offer and making a serious attempt to find somewhere you can afford and want to live.

On Monday ask the estate agent to tell your buyers change of circumstances and you are now looking to buy. You may lose the buyers but you may not. Buyers will wait if they really want the property.

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