Is anyone moving now?

[GT3Manthey]

cayman-black said:

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.

Sounds great .

Being from Essex you’ll be familiar with Frinton on Sea.

It’s changed a bit now over the 6yrs we’ve owned our flat there and we have grown to love the place.

Not everyone’s cup of tea there but It works for us

Edited by GT3Manthey on Thursday 2nd September 15:15

[ooo000ooo]

Frik said:

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.

We had our call with the nationwide mortgage advisor last monday, valuation survey being done tomorrow, hopefully they'll rubber stamp it as quick as yours,
Can't see any reason why they wouldn't.
Both in secure jobs, been with them for the existing mortgage for nearly 15 years, new mortgage is going to be less money.
Only issue has been a flag for arrears or a missed payment on a loan to the nationwide which is wrong, checked with nationwide, experian and clearscore and nothing can be found.
Solicitors have a 2 week head start so a slim chance of getting moved before our stamp duty holiday finishes at the end of september although the duty payments would only be a couple of hundred quid anyway.

[BryanC]

Sheepshanks said:

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.

Both locations Rushcliffe, South Notts.
The first, West Bridgford is a market on its own and generating a lot of interest from London buyers.
The second is a new estate in Keyworth, I estimate 35% developed. A 4 Bed property being considered.

[Mr Whippy]

Well it looks like we’re exchanging to complete on 30th Sept.

Builder in next week to do snags.

£2,500 saved on stamp duty by doing so.

Then £££ on moving, cleaning, new flooring, new telly, some tiling, satellite tv dish fitting, utility room fitting out.

Aiming to be in mid October and doing a slow move across from our rental which runs out end of October.


Not massively stressful, but plenty to do.

How people can move entire lives, kids, pets etc in one day is beyond me... Must be like hell on Earth!

[okgo]

You pay someone to do it!

[Mr Whippy]

okgo said:

You pay someone to do it!

I mean even paying, that’s just removals.

All the bloody addresses. Utilities. All of it.

Unless you mean you have a PA type person who does all that too...?

[okgo]

Mr Whippy said:

I mean even paying, that’s just removals.

All the bloody addresses. Utilities. All of it.

Unless you mean you have a PA type person who does all that too...?

https://www.iammoving.com/ is quite good for all that I think?

[edc]

Mr Whippy said:

Well it looks like we’re exchanging to complete on 30th Sept.

Builder in next week to do snags.

£2,500 saved on stamp duty by doing so.

Then £££ on moving, cleaning, new flooring, new telly, some tiling, satellite tv dish fitting, utility room fitting out.

Aiming to be in mid October and doing a slow move across from our rental which runs out end of October.


Not massively stressful, but plenty to do.

How people can move entire lives, kids, pets etc in one day is beyond me... Must be like hell on Earth!

I take it you haven't moved very often then! I've been un/fortunate enough to do a buy/sell transaction 4 times in the last 15 ish years. Each time doing removals ourselves and the last time with a pregnant wife and a 1 year old plus 2 pets. Life happens and you just get it done!

[Mr Whippy]

edc said:

Mr Whippy said:

Well it looks like we’re exchanging to complete on 30th Sept.

Builder in next week to do snags.

£2,500 saved on stamp duty by doing so.

Then £££ on moving, cleaning, new flooring, new telly, some tiling, satellite tv dish fitting, utility room fitting out.

Aiming to be in mid October and doing a slow move across from our rental which runs out end of October.


Not massively stressful, but plenty to do.

How people can move entire lives, kids, pets etc in one day is beyond me... Must be like hell on Earth!

I take it you haven't moved very often then! I've been un/fortunate enough to do a buy/sell transaction 4 times in the last 15 ish years. Each time doing removals ourselves and the last time with a pregnant wife and a 1 year old plus 2 pets. Life happens and you just get it done!

We‘ll have done four in 9 years with this one.

2 kids this time though.

Oh I agree you just get done, and agree it’s not terrible.

But I see people moving with three or four kids, school swaps, just swaps, pets, etc, all in one day.
You have to agree that it has to be damn hard work.

[Blown2CV]

cayman-black said:

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.

yes and it's even worse than that. This was back at Xmas time and we told them we were aiming for before the March stamp duty holiday deadline. They were just silent through the entire process, never really answering any questions or engaging on any topics. They were meant to be moving into a new build which was almost complete. In reality i believe they knew it wasn't going to be, in time for us at least. We had a full survey done, and then rejected all the findings, which we found most odd and alarm bells were ringing even loudly than before at that point. We were getting more and more stressed as time went on, and in the end it got to March and we said look, either we move this on or we reduce our offer price by the same amount as the Stamp duty cost increase. They then pulled out. They didn't even want to sell to us, as they knew they were not ready, if we were gone then they could get more money and it would fit more nicely with their timeline. Motherfkers.

[greggy50]

Blown2CV said:

cayman-black said:

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.

yes and it's even worse than that. This was back at Xmas time and we told them we were aiming for before the March stamp duty holiday deadline. They were just silent through the entire process, never really answering any questions or engaging on any topics. They were meant to be moving into a new build which was almost complete. In reality i believe they knew it wasn't going to be, in time for us at least. We had a full survey done, and then rejected all the findings, which we found most odd and alarm bells were ringing even loudly than before at that point. We were getting more and more stressed as time went on, and in the end it got to March and we said look, either we move this on or we reduce our offer price by the same amount as the Stamp duty cost increase. They then pulled out. They didn't even want to sell to us, as they knew they were not ready, if we were gone then they could get more money and it would fit more nicely with their timeline. Motherfkers.

What utter wkers

What area was this out of interest? I notice your profile says Cheshire so assume its local.

[cayman-black]

GT3Manthey said:

Sounds great .

Being from Essex you’ll be familiar with Frinton on Sea.

It’s changed a bit now over the 6yrs we’ve owned our flat there and we have grown to love the place.

Not everyone’s cup of tea there but It works for us

Edited by GT3Manthey on Thursday 2nd September 15:15

Frinton on Sea yes I have been there a few times and I do like it. I wish you all the best with your plans.

[Blown2CV]

greggy50 said:

Blown2CV said:

cayman-black said:

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.

yes and it's even worse than that. This was back at Xmas time and we told them we were aiming for before the March stamp duty holiday deadline. They were just silent through the entire process, never really answering any questions or engaging on any topics. They were meant to be moving into a new build which was almost complete. In reality i believe they knew it wasn't going to be, in time for us at least. We had a full survey done, and then rejected all the findings, which we found most odd and alarm bells were ringing even loudly than before at that point. We were getting more and more stressed as time went on, and in the end it got to March and we said look, either we move this on or we reduce our offer price by the same amount as the Stamp duty cost increase. They then pulled out. They didn't even want to sell to us, as they knew they were not ready, if we were gone then they could get more money and it would fit more nicely with their timeline. Motherfkers.

What utter wkers

What area was this out of interest? I notice your profile says Cheshire so assume its local.

it was in hartford in cheshire. Hindsight is a wonderful thing but it was quite overlooked at the back, quite near both train lines (!) and whilst it was a nice ish house, it was really a deal done out of frustration with the market... i suspect we are better off without that house because as time went on i became more and more worried that it wasn't quite the place we wanted and the prospect of paying nearly 15k more for it really took the edge off... maybe they did us a favour in pulling out! To see it come back on the market for such an uplift was galling though. The public eh, what a bunch of s.

[Rob_125]

Had the following message today, "Your buyer has email me asking if we can allow some letting agents to see the property so that can start to market it in order to get a tenant lined up. I don't have any dates for this yet but would that be ok with you?"

Is this not massively taking the p1ss?? Especially considering they waited over 4 weeks for the return of the survey to instruct the searches...which have taken over 9 weeks (out of their hands granted).

If I wanted the hassle of dealing with letting agents, I would have let the house put myself. Am I being unreasonable if I say, happy to allow letting agents over when contracts have exchanged?

[greggy50]

Blown2CV said:

greggy50 said:

Blown2CV said:

cayman-black said:

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.

yes and it's even worse than that. This was back at Xmas time and we told them we were aiming for before the March stamp duty holiday deadline. They were just silent through the entire process, never really answering any questions or engaging on any topics. They were meant to be moving into a new build which was almost complete. In reality i believe they knew it wasn't going to be, in time for us at least. We had a full survey done, and then rejected all the findings, which we found most odd and alarm bells were ringing even loudly than before at that point. We were getting more and more stressed as time went on, and in the end it got to March and we said look, either we move this on or we reduce our offer price by the same amount as the Stamp duty cost increase. They then pulled out. They didn't even want to sell to us, as they knew they were not ready, if we were gone then they could get more money and it would fit more nicely with their timeline. Motherfkers.

What utter wkers

What area was this out of interest? I notice your profile says Cheshire so assume its local.

it was in hartford in cheshire. Hindsight is a wonderful thing but it was quite overlooked at the back, quite near both train lines (!) and whilst it was a nice ish house, it was really a deal done out of frustration with the market... i suspect we are better off without that house because as time went on i became more and more worried that it wasn't quite the place we wanted and the prospect of paying nearly 15k more for it really took the edge off... maybe they did us a favour in pulling out! To see it come back on the market for such an uplift was galling though. The public eh, what a bunch of s.

The house we are buying was up for 425k went to sealed bids and then fell through.

It then was relisted for 440k and we ended up paying 430k. I am told it went for 440 before but not sure whether I believe that...

I am still aware the house will have been valued at 425k so we have slightly overpaid but I still don't understand how we got tbr price we did for the house we have sold so it all averaged out so to speak.

Around Chester prices do seem to be calming slightly and I have seen a few houses relisted I recognise from a couple of months ago.

Anything that was a silly price has also been reduced but they do appear to be selling afterwards still.

[Flooble]

Rob_125 said:

Had the following message today, "Your buyer has email me asking if we can allow some letting agents to see the property so that can start to market it in order to get a tenant lined up. I don't have any dates for this yet but would that be ok with you?"

Is this not massively taking the p1ss?? Especially considering they waited over 4 weeks for the return of the survey to instruct the searches...which have taken over 9 weeks (out of their hands granted).

If I wanted the hassle of dealing with letting agents, I would have let the house put myself. Am I being unreasonable if I say, happy to allow letting agents over when contracts have exchanged?

Letting property is a business, so treat it as one.

"Delighted to engage with the agents once a contract is in place; my day rate is £X and I bill in half day increments."

[MDUBZ]

Blown2CV said:

cayman-black said:

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.

yes and it's even worse than that. This was back at Xmas time and we told them we were aiming for before the March stamp duty holiday deadline. They were just silent through the entire process, never really answering any questions or engaging on any topics. They were meant to be moving into a new build which was almost complete. In reality i believe they knew it wasn't going to be, in time for us at least. We had a full survey done, and then rejected all the findings, which we found most odd and alarm bells were ringing even loudly than before at that point. We were getting more and more stressed as time went on, and in the end it got to March and we said look, either we move this on or we reduce our offer price by the same amount as the Stamp duty cost increase. They then pulled out. They didn't even want to sell to us, as they knew they were not ready, if we were gone then they could get more money and it would fit more nicely with their timeline. Motherfkers.

It’s not ridiculous, dreamland or greed, it’s simple market forces, ( I did it twice when 2 sets of buyers pulled out because I couldn’t find anything fast enough and it wasn’t through lack of trying: outbid on 3 and there just wasn’t the supply available). Although if it’s a new build this might not be these case, but If someone is upgrading then as prices move up the delta between the one you are buying and selling only increases. You’d have to a moron to not market your property with a view to reaching it’s value. You told them you were going to reduce your offer, which is within your rights to do so, but you must have anticipated that one of the possible outcomes was for them to tell you to jog on. By accepting a lower offer they would also found the affordability on the next purchase more difficult and if they were weren’t buying a new build it might have taken even longer for them to find something. You probably should have upped your offer if you wanted them out by a certain date, this might have covered their rent etc while they were looking for something. You shouldn’t be bitter for shooting yourself in the foot. The silence from them is odd though especially in light of the survey; in truth you might have just dodged a bullet.

Edited by MDUBZ on Thursday 2nd September 21:53

[johnnyBv8]

Rob_125 said:

Had the following message today, "Your buyer has email me asking if we can allow some letting agents to see the property so that can start to market it in order to get a tenant lined up. I don't have any dates for this yet but would that be ok with you?"

Is this not massively taking the p1ss?? Especially considering they waited over 4 weeks for the return of the survey to instruct the searches...which have taken over 9 weeks (out of their hands granted).

If I wanted the hassle of dealing with letting agents, I would have let the house put myself. Am I being unreasonable if I say, happy to allow letting agents over when contracts have exchanged?

Very reasonable to hold off until contracts are signed. They may also try to take the opportunity of you handing over keys to get in there themselves, under the guise of meeting their letting agents.

[talksthetorque]

johnnyBv8 said:

Rob_125 said:

Had the following message today, "Your buyer has email me asking if we can allow some letting agents to see the property so that can start to market it in order to get a tenant lined up. I don't have any dates for this yet but would that be ok with you?"

Is this not massively taking the p1ss?? Especially considering they waited over 4 weeks for the return of the survey to instruct the searches...which have taken over 9 weeks (out of their hands granted).

If I wanted the hassle of dealing with letting agents, I would have let the house put myself. Am I being unreasonable if I say, happy to allow letting agents over when contracts have exchanged?

Very reasonable to hold off until contracts are signed. They may also try to take the opportunity of you handing over keys to get in there themselves, under the guise of meeting their letting agents.

It's not massively taking the piss, it's a request which you can say yes or no to.

If you say yes though, the next step would be "Are we OK to show prospective tenants round?"

[LooneyTunes]

Rob_125 said:

Had the following message today, "Your buyer has email me asking if we can allow some letting agents to see the property so that can start to market it in order to get a tenant lined up. I don't have any dates for this yet but would that be ok with you?"

Is this not massively taking the p1ss?? Especially considering they waited over 4 weeks for the return of the survey to instruct the searches...which have taken over 9 weeks (out of their hands granted).

If I wanted the hassle of dealing with letting agents, I would have let the house put myself. Am I being unreasonable if I say, happy to allow letting agents over when contracts have exchanged?

Remember, to let the property the LL will also need EICR (electrical) check and gas safety certs so you could be opening yourself to some pain if you don’t agree ground rules up front.

Letting an agent (not “some” agents, which frankly they shouldn’t need assuming the property is pretty standard and your agents details let people get a sense of it) in to take photos/start advertising once you’ve exchanged seems reasonable, but you probably don’t want the hassle associated with then allowing viewings, folk in for the checks, etc… and there will almost certainly be little things that need snagging before letting too (and there’s a risk the purchaser will try to stick the cost/hassle on you).