Would it put you off if your buyer had two houses to sell?

[Somanyquestionsss]

My partner and I live separately and are looking to buy a nice big house together. We will need to sell both our houses to get the funds for the nice big house. I am worried that a seller would be put off by us having two houses to sell. Am I right?

I know the answer is that one of us moves into the other person's house and sell the other one, but both our houses are small and we have two sets of furniture that will not fit in one house! I know we could put furniture in storage but we are really pushing the money boat out to get this nice big house so we need to save every penny we can. Plus it could be years until the houses we like go up for sale!

Op lied
she has a 7 and 10 year old

or at least did last week

Put both on the market and see which goes first.

If you can't both live in one house because both are too small nothing to stop you both selling your homes and moving into rented for 6 months whilst to buy as a nothing to sell buyer which might get you a better price.

I wouldn’t accept an offer/take my house off the market until the prospective buyer was proceedable.

Given your updates can’t you sell him and rent yours out for income? Sounds like you love your house and want to keep it somehow.

Also are you open minded to other areas and houses else you could be in for a very long wait!!

You need to suck it up and sell one of the houses and then move into the other.

Youll be saving extra money by only having the one mortgage and utility bills to cover and that will more than pay for storage.

Realistically you’re not going to need two sets of everything in your new home so sell what you won’t need, shove as much as you can into the one house you’re both staying in and then get storage for the rest.

This thread has taken a funny turn.

Classic Mumsnet.

Absolutely nothing to do with the thread , I just wanted to say I love your username, I have a very similar one that I use a lot but I name changed a few days ago .
( keeping the theme tho 😀 )

@Somanyquestionsss ummmm would you consider a buy one get one free ? 🤣

Gosh, do I? That's news to me! What thread did I post that on, Mumsnet police officer? Either you imagined it or I was drunk, cos I definitely don't have any kids last time I checked!😂😂😂

I found a solution anyway. I think between our parents we can drum up a loan to equal the amount of one of our houses so that we don't need to sell both to afford the nice big house. Therefore we can tell the seller that we only have one house to sell. If we do manage to sell both by the nice big house's completion, we won't have to pay any second home stamp duty.

Will you be buying outright with the proceeds of one home plus the loan? If it's a mortgage situation as well, the lender will want to know about any family loans etc.

No, we would need a mortgage as well. So it would be a mortgage, family loans, plus proceeds from one house sale.

That’s still rather a lot to pull together at the right time considering your target houses aren’t even for sale.

If there are only 7 houses you like, and they rarely come up for sale you’ll probably miss out anyway even with ONE house to sell. someone who is already under offer or a cash buyer would beat you to it.

if you are serious, you should sell both houses , and move into rented so you are in a position to offer and proceed immediately

Exactly this.

But OP, please do look beyond these 7 houses - you haven’t even seen inside one yet, they might be awful!

So will you be keeping on both houses until one of the 7 houses comes up?
How have you solved your immediate problem about moving in together in the interim?

Do you each own your current houses outright? If not, it will restrict what you can borrow for the “nice big house” if one of you has an existing mortgage still to pay.

You had it deleted because I also saw it

you were saying about your dog getting over excited and you were worried about your 7 and 10 year old

Haven't had anything deleted and I don't have any kids! Screenshots please?! 😂😂

But also...why on earth would you care? Have you not got anything better to do than trawl through people's post history?

Good point. I will own my house outright in a years time, but my partner won't own his, so it will have to be mine that our parents lend money for, because he is the higher earner if that makes sense.

Err, no, it doesn’t make sense.

If you are buying a house together and need a mortgage to do so, one of you having a mortgage on another property will restrict the mortgage that you can take out, because lenders look at affordability.

Nothing would put me off in the current market tbh. You’re lucky to have sold at all!

But my partner will be selling his house, so his current mortgage just goes to the new house. My house will be paid off, and so long as our parents can get the funds together, we won't need to sell my house immediately too.

Is this the thread you are referring to? The OP who says that they have a 7 and 10 year old has a completely different username to me and, I can confirm, is not me.

Now can I have an apology from you for derailing my thread and accusing me of lying?