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marketbee

Can't Find Somewhere To Move To, Advice Please

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Hi everyone,

We sale agreed on our house 2 weeks ago to first time buyers.

We are now having a really difficult time finding a house to move to, all the houses we look at our like 20K over rateable value.

We have a bit of time because our buyers are co-ownership but starting to feel like we arent going to find something suitable to buy.

If we dont find anything should we go ahead and sell and then rent in the hope something comes up

Any advice appreciated!

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I would just rent somewhere on a 6 month contract in the area you are looking.

Depending on the area, it will probably be cheaper than the mortgage and rates.

Take a look at some of the storage areas and see if you can do a deal for the 6 months. Shouldn’t be too expensive.

PS I wouldn't pull out. You're lucky to bag a coownership buyer in this market. There certainly aren't many buyers about and you're lucky to get one who doesn't have to worry about a deposit and probably can't afford the house anyway.

Good luck. Let us know how you get on.

Edited by 2buyornot2buy

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Hi everyone,

We sale agreed on our house 2 weeks ago to first time buyers.

We are now having a really difficult time finding a house to move to, all the houses we look at our like 20K over rateable value.

We have a bit of time because our buyers are co-ownership but starting to feel like we arent going to find something suitable to buy.

If we dont find anything should we go ahead and sell and then rent in the hope something comes up

Any advice appreciated!

Definitely agree with above two, renting is the only way to go until you find the right place.

We had sold in August, found future place in Feb and moved into it in May.

Hold out and you'll find the right place eventually.

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Likely going to have to rent but if your buyers are going co-ownership it will likely take quite a bit longer to complete than a normal buyer so might be worthwhile putting a few "what the hell" offers in on some places you like that are overpriced seeing as you will be able to sort things out quicker and you never know :)

Our buyers took 6 months from offer using co-ownership and like you we had nowhere to go (thought house would take a while to sell, agreed within a week), tried a few low offers in but no bites so eventually had to rent.

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A rental agreement goes through within days, 2 weeks tops. If you are looking at a family home, you will be able to afford much more renting than you could buying. Get somewhere really nice and enjoy it while you get a good deal buying.

Renting is easy in easy out, just move quickly once you have settled on somewhere. Always offer £100/month or 10% off the monthly asking for a quick agreement.

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Renting is easy in easy out, just move quickly once you have settled on somewhere. Always offer £100/month off the monthly asking for a quick agreement.

Really,

Can you get a good house to rent for £100 per month below the rate?

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