Anyone else having a nightmare trying to find a home?
Discussion
Mobile Chicane said:
However this is also a ploy by agents to get an 'auction room' atmosphere on the day so that people will bid up.
If people were left to view at their leisure they'd see the property for the dump it probably is.
Oh i don't doubt it's all a big ploy.If people were left to view at their leisure they'd see the property for the dump it probably is.
I've viewed quite a few before in the street though, so know what to expect/look for
It's the same street as the one i nearly bought before, but an end of terrace larger property.I hadn't realise that the supply of houses was just so bad in the SE .
I spoke with a client last week who has £ 320,000 cash (real, not available funds ) and cannot get to exchange on a property , constant gazumping, due to shortage of properties for sale in the region.
Looking for a 3 bed semi within an hours drive of Ascot so not being at all fussy on area.
Anybody even considering moving up the ladder should do so now as the gap to change will only increase.
I spoke with a client last week who has £ 320,000 cash (real, not available funds ) and cannot get to exchange on a property , constant gazumping, due to shortage of properties for sale in the region.
Looking for a 3 bed semi within an hours drive of Ascot so not being at all fussy on area.
Anybody even considering moving up the ladder should do so now as the gap to change will only increase.
Im selling at the moment - 8 asking price offers in the first 3 days and agents saying that we need to move to sealed bids this week. It all sounds like a massive faff and agents not being able to price properly (after arguing my valuation down to the current selling price).
I have no idea where we will move to - everything being sold is selling as quickly as ours likely has.
I have no idea where we will move to - everything being sold is selling as quickly as ours likely has.
Im dreading selling when we come to do it next (probably in a few months towards summer). The market around me in Reigate is insane! 'Sale by Tender' is the latest thing to be popping up on nearly every advert and sealed bids is not something I want to get involved with. Offers over asking price seem to almost be expected now rather than an extremely rare scenario.
Im almost tempted to sell and rent to at least cut out some of the pain but the way the market is going im not sure I will ever be able to get back on board!
Im almost tempted to sell and rent to at least cut out some of the pain but the way the market is going im not sure I will ever be able to get back on board!
vescaegg said:
Im dreading selling when we come to do it next (probably in a few months towards summer). The market around me in Reigate is insane! 'Sale by Tender' is the latest thing to be popping up on nearly every advert and sealed bids is not something I want to get involved with. Offers over asking price seem to almost be expected now rather than an extremely rare scenario.
Im almost tempted to sell and rent to at least cut out some of the pain but the way the market is going im not sure I will ever be able to get back on board!
Anecdotal evidence in Surrey is that people from Richmond/Twickenham etc, are selling up and moving further out for the schools.Im almost tempted to sell and rent to at least cut out some of the pain but the way the market is going im not sure I will ever be able to get back on board!
Family homes are where it's gone really crazy. Friends have just paid £530k - £20k over asking - for a bog-standard 3-bed 1930s semi in Ashtead. It's on a quite a busy road, and needs work, but it's within catchment of two good State schools.
porridge said:
Looked for 5 months, got fed up of wasting my weekends and after narrowly missing out one yet another sealed bid, decided f'ck it as have large deposit, long term move, and was worried the mortgage product I want would be stopped so bid a large percentage over asking.
I suspect a large amount of people who turned up at the viewings I went to were either prepared to take on a silly mortgage or were were people who wouldn't actually be approved mortgage wise, some came with their well todo parents.
Things will get easier though
1) In April the new rules kick in http://www.thisismoney.co.uk/money/mortgageshome/a...
2) Interest rates rise in 2015
It is very much a supply issue as the number of immigrants has gone up yet again by hundreds of thousands and the government refuses to do anything about it. Another 200k net migrants last year! http://www.telegraph.co.uk/news/uknews/immigration...
Vote UKIP!
Sorry, when in 2015 are the rates going up? And to what rate? Where does your info come from?I suspect a large amount of people who turned up at the viewings I went to were either prepared to take on a silly mortgage or were were people who wouldn't actually be approved mortgage wise, some came with their well todo parents.
Things will get easier though
1) In April the new rules kick in http://www.thisismoney.co.uk/money/mortgageshome/a...
2) Interest rates rise in 2015
It is very much a supply issue as the number of immigrants has gone up yet again by hundreds of thousands and the government refuses to do anything about it. Another 200k net migrants last year! http://www.telegraph.co.uk/news/uknews/immigration...
Vote UKIP!
Mobile Chicane said:
Friends have just paid £530k - £20k over asking - for a bog-standard 3-bed 1930s semi in Ashtead. It's on a quite a busy road, and needs work, but it's within catchment of two good State schools.
Ashtead Common? Near the station has always been very expensive - you can get semi for 400+ in lesser parts of Ashtead. I used to live in Epsom - mind you there is nothing less than 500k around the town centre nowadays. On topic, it took me about a year to find a house near Wimbledon and surrounds - 6 months of that was negotiating the price!Edited by fido on Monday 3rd March 14:31
I've just been browsing the council mapping website and found this property i'm viewing had planning permission granted for a small extension. This is single storey, and to take a 3x3m kitchen to 4x4m. This was granted last November, and not mentioned by the agents. Seems odd that someone would sell so soon after getting this granted.
Any thoughts on what to do? One to raise with the agent maybe?
Any thoughts on what to do? One to raise with the agent maybe?
Hoofy said:
Perhaps they did it to make the sale more attractive. Previous owner got a double storey extension planning permission. I cba with it though.
A fair point Seems to be an extension that would cost a fortune to do and wouldn't be worth it though. I can't imagine it being any less than £20k to go 1m out of 2 walls (and thus having to support the second floor with beams), some new roof, windows, rendering, new kitchen, moving doors. I do know just about zero about this though, it's entirely guess work, but still seems a highly pointless extension on a small house with a tiny garden!
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