Decision fatigue as an FTB!!
Hey everyone,
Just wanted to offload here, any words of wisdom or reassurance will be great, I’m an FTB too buying on my own.
So my offer on a house was accepted, and after the first viewing, I really liked it. I viewed a few houses after that and when I went back for a second viewing on this one I wasn’t as keen on it anymore. I started having a lot doubts and learnt a lot about what I like and don’t like in a home. But I decided to still go ahead with a level 3 survey hoping it would help me clear things up in my mind, whether this was a stupid decision or not I’m not sure.
I got the report today, and the surveyor valued it £10k lower than my offer of 270k, plus there’s an estimate of £13k in repairs needed.
I’ve made a decision that I will be pulling out tomorrow as it just doesn’t feel right but I’m worried I’ll regret it later and feel like I’ve made a mistake. I keep thinking what if they are willing to negotiate lower price which means mortgage repayments would be lower each month but I know I won’t be happy there and I'd rather pay a little more for a house that I love and can still afford, it's a huge investment. I know I need to be 100% sure and I don’t want to mess the sellers around, we’re still at the beginning. I’ve also instructed my solicitor not to go ahead with queries or searches until survey is done, no payment has been taken.
I am going to email the estate agents tomorrow to pull out but how do I word the email? How much info should I give them?
It’s so stressful with all the uncertainty. I’m buying on my own too so I don’t have anyone to lean on. I do have family and friends for support but at the end of the day the decisions and responsibilities are all on me.