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Please help - serious housebuying cold feet.

27 replies

Flyingsatsuma · 21/08/2024 17:36

We accepted an offer on ours from buyers who were keen to move quickly. I had misgivings even then - we have no real pressure to move and could have just waited and sold at any time really - but the estate agent is a very pushy person and husband went along with her. We are wanting to move 200 miles away to be close to family. We arranged some hasty viewings and rushed over there - there is a real shortage of decent housing where we are going and we looked at some absolutely awful places until we came across the one we are in the process of buying. I honestly at the time thought it was lovely and we could move in without having to do much work at all apart from paint the interior and exterior, bit of planting in the garden, remove some hard landscaping, replace bedroom carpets(don’t like the colour) etc. We liked the location. My husband was really keen.

Once back home we discussed what to offer and I started to feel we should think about it more. It was far more than we ideally wanted to spend and was priced at over 50k more than we were getting for ours. So we are having to dig deeply into our retirement savings (husband is retired and getting pension, I will be giving up my job here but won’t get state pension for ages.) Settled for 30k under asking but with the tax, we will have to add in 36k of savings, on top of moving costs. And I think we are paying more than what it’s really worth. The sellers bought it 4 years ago, and have done nothing to add any value but wanted 90k more than they paid.

Also it is too big for us. It is 5 beds and a loft room. All the rooms downstairs are bigger than we already have in our 4 bed. I have no idea why we thought upsizing was a good idea at this stage in life. Just for us two. The garden is far too small (pretty common in this area though). And it has no cavity wall fill - this won’t be doable, I have researched - so the heating bills are going to be shocking. It is north, coastal and quite exposed. Our council tax will double.

I have tried a couple of times to back away from this deal, but DH just gets hurt and angry. He has said I am being irrational and it’s down to my mental health. It’s not. I just don’t want that house. I get that I am letting everyone down. I just want to run away from it all in shame.

We had a second viewing yesterday and I just felt numb as I walked around. The owner has moved stuff out as he is going abroad, and I realised how run down it all was. Walls I thought were painted were wallpapered everywhere. Flooring all needs replacing. I thought I could rearrange the kitchen as the layout is dreadful, but realised I actually can’t, and I can’t live with the cupboards anyway. So it needs a kitchen, which I didn’t think I would have to do. Bathrooms are on the verge of needing to be replaced. The garden was like a wind tunnel and I realised I just hated it - full of worn out paving slabs. I don’t like any of the bedrooms - there are too many and they are all too small. The only thing I could find to like was the dining room strangely.

i am so miserable and anxious and feel like a rat in a trap, I am selling my lovely house and buying something that is just so wrong, and it is costing us so much more and then instead of getting out and enjoying life exploring a new area, I will be scraping dingy wallpaper off walls, and forking out god knows how much for a kitchen and internal wall insulation etc. This wasn’t the plan sadly.And I darent tell him because he won’t try to understand. And I want him to be happy but it is just such a huge sacrifice. There is another possibility of a different property but he likes that less… I would happily carry on with our sale and put our stuff in storage and move into a caravan rather than continue with this purchase. I don’t want to let our buyers down. We have our survey taking place tomorrow and hope that offers an exit strategy,

Sorry for that incredibly long outpouring of self pity, but I needed to tell someone!
I feel like I’m going insane!

OP posts:
cheezncrackers · 22/08/2024 13:06

YANBU - all your misgivings are entirely rational and reasonable. Why isn't your DH worried about these things? Why does he want to buy a rundown, 5-bed, poorly insulated house in a cold, exposed location when you'll have to spend a big chunk of your retirement savings and the house isn't worth the extra anyway? That's madness! If it was me, I'd tell him I'm simply not prepared to do it, that's it's a bad decision being made in a rush and you'll both live to regret taking on such a white elephant.

GettingStuffed · 22/08/2024 21:12

We're currently looking for a new house, sounds like we're at the same stage,DH retired and I've taken early retirement. We're actually looking for 5 bedroom houses as our 3 children are grown up and 2 have their own families so we want a house that will allow them to come and stay with us, or for one to move in with us whilst they save up for a deposit.

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