Is anyone moving now?

Author
Discussion

Mr Whippy

29,134 posts

243 months

Monday 23rd August 2021
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anonymous said:
[redacted]
Yep sounds like a pain/opportunity depending on how you look at it.

I’ll assume the junk put off other bidders, so cheaper purchase etc.

nick30

1,567 posts

173 months

Wednesday 1st September 2021
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Everything seems to have slowed down or stopped last couple of weeks, even this thread died!

I have been on 2 weeks and just got a stupid bid. Up for 350, offer was 280. Rubbish I am pretty sure it’s worth what I have gone with having spoken to a few agents and local friends etc.

This could be long and painful! If the right place comes along I may be willing to advertise at offers over 330 and see what happens.

Flooble

5,565 posts

102 months

Wednesday 1st September 2021
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nick30 said:
Everything seems to have slowed down or stopped last couple of weeks, even this thread died!

I have been on 2 weeks and just got a stupid bid. Up for 350, offer was 280. Rubbish I am pretty sure it’s worth what I have gone with having spoken to a few agents and local friends etc.

This could be long and painful! If the right place comes along I may be willing to advertise at offers over 330 and see what happens.
And I thought I was cheeky the time I offered 10% under asking!

I may try that - offer 20% off on a load of places. Only have to find one person who takes it!

Frik

13,544 posts

245 months

Wednesday 1st September 2021
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We're coming to the end of the school holidays so things should start to pick up shortly.

We've got the survey on the property we're looking to buy tomorrow. Interested on his opinion on the disintegrating floorboards we discovered on our last visit (in the corner of the lounge, under the carpet, under a strategically placed nylon chopping board).

nick30

1,567 posts

173 months

Wednesday 1st September 2021
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Frik said:
We're coming to the end of the school holidays so things should start to pick up shortly.

We've got the survey on the property we're looking to buy tomorrow. Interested on his opinion on the disintegrating floorboards we discovered on our last visit (in the corner of the lounge, under the carpet, under a strategically placed nylon chopping board).
My EA friend said exactly that so here’s hoping!

I am looking at right rotters to hopefully improve but the needle drifts towards easy already done places depending on price and size.

talksthetorque

10,815 posts

137 months

Wednesday 1st September 2021
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We've got a third potential buyer. To recap The first buyers came round four times, including measuring up for their hot-tub, and asking during the middle of lockdoown if they coould bring their friends round for a viewing.
They pulled out - we think they were running two purchases at the same time, and seeing which finsihed first.
Second buyers loved it bla bla bla, then two days later pulled out as the gardens weren't suitable for them.

So third buyers look promising, no hyperbole, kept quiet during the viewing apart from asking pracical questions, running costs, where is the supermarket, ( didn't even want to see the garage) offered asking after their very close first offer was declined. The only issue might be that their buyers are repatriating from the Middle East, but apparently they are being pushed out.


Fingers crossed and here we go again.

There's a couple of interesting things on the market but we'll go in to the other half's flat if it means getting this over the line.


Blown2CV

29,114 posts

205 months

Wednesday 1st September 2021
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I do dearly hope the market is on a downturn as the place
We were going to buy that fell through has arrived back on the market, for 20 grand higher asking price. I hope they fail end up destitute!!

greggy50

6,183 posts

193 months

Wednesday 1st September 2021
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We are due to complete on the 13th Sept as things stand.

Our house went live on the 1st July and we accepted an offer on the 6th July.

The house we are buying the offer was accepted on the 19th July.

If all goes to plan its taken about 10 weeks from being advertised to moving in a new house which we are chuffed with. Fingers crossed...

Edited by greggy50 on Wednesday 1st September 22:21

biggbn

23,875 posts

222 months

Wednesday 1st September 2021
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House went on market yesterday afternoon, three viewings yesterday evening, four tonight, another three tomorrow and two over weekend, and we have two offers already. Property is mad up here. Had offer on another house verbally agreed by seller tonight so putting in a formal one tomorrow, fingers crossed everything goes smoothly, never done anything like this before, totally out of my comfort zone!

kiethton

13,953 posts

182 months

Thursday 2nd September 2021
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Our flat sale is due to exchange today/tomorrow all being well - hoping for completion in a few weeks.

Our purchase is looking on track to complete by the end of the month!

fingers Xed....

cayman-black

12,710 posts

218 months

Thursday 2nd September 2021
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Blown2CV said:
I do dearly hope the market is on a downturn as the place
We were going to buy that fell through has arrived back on the market, for 20 grand higher asking price. I hope they fail end up destitute!!
This is ridiculous and in dreamland. I have seen about three properties come back to the market and none of them has had a price increase.

Yes greedy fkers.

GT3Manthey

4,565 posts

51 months

Thursday 2nd September 2021
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cayman-black said:
This is ridiculous and in dreamland. I have seen about three properties come back to the market and none of them has had a price increase.

Yes greedy fkers.
Seen the same happen In the area we are looking to move to in 2yrs .

Figured it worth keeping an eye on the market for a period of time prior to going into bat.

Larger houses have been reduced and still not sold so we are also hoping the downward trend continues with farther out places now lots are being called back into offices.

okgo

38,408 posts

200 months

Thursday 2nd September 2021
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I've noticed that a fair number of large country houses are "unexpectedly back on the market" - suspect a few folks from Fulham have thought twice about decamping to the Surrey Hills after learning they need to be at work more days than they first thought... hehe

SweptVolume

1,091 posts

95 months

Thursday 2nd September 2021
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Our sale and purchase are trundling along at a slow but steady pace. We accepted an offer on our place on 28th July and the surveyor has just today valued it. He said the purchase price is "about what it's worth", so that's all good. He also said the market is softening and sold prices are now starting to dip closer to their actual value (from a bank's perspective).

On the purchase, things are going a bit slowly as we still haven't had our appointment with our building society. We are booked in for next Tuesday, and can expect at least a month from mortgage application to being accepted, so that puts us into October.

Then there are the searches. I've heard some people say they don't conduct searches until they have a mortgage offer, but that seems excessively cautious to me. Is that normal or madness? Reckon if I have the searches underway whilst Nationwide scratch their arse and think about the mortgage, we can be in a position to exchange contracts by mid next month, which is fairly quick going.

BryanC

1,108 posts

240 months

Thursday 2nd September 2021
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Having sold last November and is a cash buyer, a friend who is looking for her own place told me that she received an email from her friendly EA that they had noticed a distinct levelling of enquiries. Another, had registered interest in a new-build locally and the builder had emailed to say he was selling with a 10% ( £40K ) reduction.
Understandably it is a risky time to judge which way to jump.
I understand there is a huge growth in confidence in the job market although ending the Furlough scheme might put some properties onto the market, while ending the Stamp Duty benefit might reduce some of the over-heating we have recently seen.

Frik

13,544 posts

245 months

Thursday 2nd September 2021
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SweptVolume said:
Then there are the searches. I've heard some people say they don't conduct searches until they have a mortgage offer, but that seems excessively cautious to me. Is that normal or madness? Reckon if I have the searches underway whilst Nationwide scratch their arse and think about the mortgage, we can be in a position to exchange contracts by mid next month, which is fairly quick going.
Searches cost money and if you can't get a mortgage (and affordability is only one reason) then you aren't buying that house.

For reference it was 9 days from application to conformation for our Nationwide mortgage.

Sheepshanks

33,099 posts

121 months

Thursday 2nd September 2021
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BryanC said:
Having sold last November and is a cash buyer, a friend who is looking for her own place told me that she received an email from her friendly EA that they had noticed a distinct levelling of enquiries. Another, had registered interest in a new-build locally and the builder had emailed to say he was selling with a 10% ( £40K ) reduction.
Understandably it is a risky time to judge which way to jump.
I understand there is a huge growth in confidence in the job market although ending the Furlough scheme might put some properties onto the market, while ending the Stamp Duty benefit might reduce some of the over-heating we have recently seen.
Whereabouts is that?

It usually quietens down around now as people start tthinking they don't want to be moving in the run-up to, or over, Christmas.

On the new-build, what size is the development and what stage is it at? The builder must be under some pressure as that's a huge reduction and very unusual.

cayman-black

12,710 posts

218 months

Thursday 2nd September 2021
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GT3Manthey said:
Seen the same happen In the area we are looking to move to in 2yrs .

Figured it worth keeping an eye on the market for a period of time prior to going into bat.

Larger houses have been reduced and still not sold so we are also hoping the downward trend continues with farther out places now lots are being called back into offices.
LOL yes you are right GT3 , i have been watching for the last two years that's why i now feel sick!
Where are you going?

GT3Manthey

4,565 posts

51 months

Thursday 2nd September 2021
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cayman-black said:
LOL yes you are right GT3 , i have been watching for the last two years that's why i now feel sick!
Where are you going?
Hi Cayman Black

We have a flat on the Essex coast so will be looking to buy a house there . It’s quiet , has all the sporting venues I love , a great beach and a good community feel .

How about yourself ?

cayman-black

12,710 posts

218 months

Thursday 2nd September 2021
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Hi GT3, right now i have just sold my home in Italy and will be in Devon in two weeks time but in rented accommodation,
Originally from Essex also.