Thank you I’ll definitely ask the solicitor I’ve already signed with estate agent and they didn’t mention anything about fees if sale doesn’t go through ... although advertising is paid separate to sale. Hopefully it won’t be necessary but it’s good to know if things don’t work as expected I don’t have to sell and won’t be left with a massive billYou can pull out at any stage right up to you signing contracts.
no fee unless you sell but you’ll probably be liable for advertising etc. Check Estate agent contract before signing!
solicitor - there will be costs and some payment. Again worth asking
Reason for sale is to be nearer family, work, school etc.
Reason for sale is to be nearer family, work, school etc.
Yes the move would be walking distance to family one of the difficulties we have is the home we live in now is in a different district so all the kids from the village go to school in the district say 15km to the left while my daughter goes 15km to the right so there are no school bus services available to her so even if I’m working from home it means I still need to go to town every day to drop and pick up. She will go to college in 5 years please god but even then I would prefer to be nearer family as we have no ties where we are at the moment in terms of family or friends.To be nearer family is a good reason to move but I must ask, do you expect to be much closer?
Is the drive gone from half-an-hour to quarter-of-an-hour?
Or will the distance be reduced from a definite drive to a cycle/walk?
You’re going against the grain by moving to be closer to work. Anecdotally proximity to work is no longer important to people due to WFH in the Covid era. Are you WFH at present or does your job mean you have to be physically present every day?
Given that your child will be in college in a few years I really don’t see being nearer their school as a good reason. How many years, roughly?
The fear you're feeling is perfectly normal to anyone moving, and doesn't really go away until you've the keys to new house in your hands.Should I sell and does the fear go away ?
Yes the move would be walking distance to family ...
She will go to college in 5 years ...
There’s a few houses we’ve seen that we would like we have fallen in love with one in particular but it’s a bit out of budget at the min although my auctioneer reckons it’s overpriced by about 40k andHi Sheba
I think that the risk of the bank pulling mortgage approval is quite small. Keep an eye on it, but don't worry too much about it.
The one risk which is more serious is the risk of a spike in property prices between selling and buying. A lot of people have been caught out by this.
So you have to try to choreograph the selling and the buying process. Do not put your house on the market unless there are a few houses which you could buy in your target area for your target money. For example, if you want to buy in an estate, and there are 10 houses for sale in that estate, great. But if you want to buy in a particular area where there are no houses for sale at present, then you have a problem.
Brendan
Thank youVery good reasons to move.
Take comfort that your reasons to move give you no basis to be scared.
Moving house is one of these “life events” that usually come with stress, anxiety, etc. Especially when selling the old residence and buying the new, more-or-less simultaneously.
Based on your posts, go for it.
Having an interim place to stay is a huge positive, a safety net of sorts. Who knows what things will be like in a few years, you may not have this to fall back on.
Definitely go for it, do so now, and good luck.
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