selling a house within 2 months of buying it

N

noels

Guest
I purchased a house 2 months ago. we are now condsidering selling up and moving to a house that has come down 45k. it is brand new house and within the sqm of paying stamp duty. It is a cheap house than we are in. we looked at these houses but were too dear and have just come down in price. Don't know whether to put our new house up for sale and see how it goes.
 
if you do sell up work out fees for estate agents, solicitors, if the house you initially wanted has come down 45k has the one you've bought dropped 45k
 
no the one we purchased has not come down it is valued at exactly the same as we bought it. we are saving 17k if we sell up
 
So you are saying you want to move from a house that has managed to maintain its pricing - indicating either a well sought property to a property that is not maintaining its value...

To be honest, it does not make sence to me - how do you know your house has not also decreased in value? Have you taken on bored estate agent fees and stamp duty - you are not FTB'ers any more...
 
we bought our house for 319k but the house we would like to buy is 300k.we were told by estate agents to put our house for sale for 320k. we moved away from home and actually need back due to illness in the family. we don't have to pay stamp duty as it is within certain amound and brand new house. the brand new house is the exact same sqm as the one we in now we are not downgrading or anything still going for 4bedroom house etc,.
 
we bought our house for 319k but the house we would like to buy is 300k.we were told by estate agents to put our house for sale for 320k. we moved away from home and actually need back due to illness in the family. we don't have to pay stamp duty as it is within certain amound and brand new house. the brand new house is the exact same sqm as the one we in now we are not downgrading or anything still going for 4bedroom house etc,.
 
noels said:
we bought our house for 319k but the house we would like to buy is 300k.we were told by estate agents to put our house for sale for 320k
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Why would somebody buy your current house (smaller & cheap as you said) & have to pay stamp duty while, like yourself, they could buy a bigger one for cheaper & without paying SD?

If these houses are in similar area, i would not think you will be able to sell your house for more than €300 inclusive of SD... Be carefull with EA's guestimates, you can easily take 10/15% off they pricing, unless house is very attractive by its uniqueness.
 
noels said:
we bought our house for 319k but the house we would like to buy is 300k.we were told by estate agents to put our house for sale for 320k. we moved away from home and actually need back due to illness in the family. we don't have to pay stamp duty as it is within certain amound and brand new house. the brand new house is the exact same sqm as the one we in now we are not downgrading or anything still going for 4bedroom house etc,.
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Just because you house is valued at €320k doesn't mean you are going to get anything close to that!
I've had my place on the market for months at well below the estate agents valuation and still no sale.
In the current market valuations mean absolutely nothing because your house is only worth what someone else is willing to pay for it.
 
Hi,

Like thomas22 I've had mine on market below what 4 EAs valued it at and knowingly that we won't even achieve price it is at now. There is movement at the 300,000 market so maybe you will be lucky but I don't think buyers at the moment are offering near the asking price.
 
you wont know til you test the market - nothing to lose imo
 
You might as well put it on the market and see how things go. I personally think that sales in general have fallen off considerably, hence the price reduction in the house you'd like to buy. Good luck :)
 
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