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!

This.

So your sequence of events is:

1. you pay off your mortgage and continue living in your house for years to come
2. your partner continues to pay down his mortgage and continues living in his house for years to come
3. one of the magic seven houses comes on the market ( hopefully in more than a year’s time)
4. your partner puts his house on the market and you view the magic house
5. your offer on the magic house is accepted (hopefully) and your partner gets an offer on his house (hopefully) and you get a joint mortgage plus loan from both your parents to buy the magic house and pay the second home stamp duty
6. the chain holds and you move in to the magic house and then sell your house to repay all parents and get second home stamp duty back
7. you (hopefully, because a lot is riding on it) are very happy living in the magic house with DP

Yes, that's it! Although I believe that if I sell my house before the nice big house sale is completed, I won't have to pay the second home stamp duty (I know it will get refunded but I could do with not having to pay it at all!).

There is a lot riding on it. If it doesn't work out, then it doesn't work out. But I can dream!

You need to get some reality. That is never ever going to happen in the order you want.

Tend to agree. It could be years before one of the 7 houses come up, in which time the financial situation of one or both sets of parents changes. But more to the point, perhaps - you and DP aren’t living together, and I assume you want to do that fairly soon!

There is a particular road we want to live on and houses there don't come up often. Think the last one was in 2019. And I think there's 7 potential houses. So I could be stuck in his house for a long time. It's a depressing thought.

This is the part of your expectations that I find to be the most unrealistic.

I once viewed a house where the sellers were only looking to buy a bungalow on one particular housing estate. They were basically waiting for someone to die.

I looked at the land registry two years later and they still hadn't sold it.

Idk how about you go about getting your dream house, but I would recommend you pool your money and move into rented accommodation.

Yes, yes, it's throwing money away. But your dream has limitations that mean you're only going to get what you want if you make some serious sacrifices.

>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.

The penny has only just dropped that you want them to do this for you, but you and your partner haven't actually lived together before now.

If you were my kid, after a serious raising of eyebrows, I'd say 'live with him for a year first before you start asking massive financial favours of us.'

Ofc, it's possible that my previous partners were all idiots, but you never see a partner's true colours until you have to wipe the vomit off the toilet after they've been sick, pick up their filthy laundry that they never notice, deal with them after work has put them in a foul mood, etc, etc.

There's absolutely no way I would buy a house with a man I have not yet lived with. And, kindly, I would suggest that squeezing yourself into the currently owned tiny house would be the best way to see if you can survive anything - it's a baptism of fire. If you can tolerate and still like each other under trying domestic circumstances, you can survive a lot, and are ready to buy a house together.

The housing market isn't great at the moment, there's a lot up for sale. It's a Buyers market, not a Sellers. I agree with others, you need to move into one of your houses, whilst the other is being sold. I wouldn't accept an offer from someone who had two properties to sell. A chain can fall at the best of times, without adding extra houses into the mix!

What is your plan B if a magic house doesn’t come up, or is too expensive, or selects a cash buyer instead?

I’m interested in this too. Would you only move in with your partner if you could live in one of those 7 nice big houses?

I’m interested in this too. Would you only move in with your partner if you could live in one of those 7 nice big houses?

To be honest, I'm sure if you're totally deluded or quite happily putting barriers in the way to living together, without the hassle of just saying no.

Either way, I pity the poor parents who are being lined up as cash cows🤨

So, Just to clarify @Somanyquestionsss, you’re looking to buy a nice big house?

OP sounds more in love with the idea of “the nice big house” more than she does her partner.