Is anyone moving now?

Author
Discussion

okgo

38,536 posts

200 months

Friday 24th May
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They are poor qualifiers. They’re poor salespeople in the main, they’d last minutes in selling software hehe

That said, a lot of the people in the door have been FTB who are notoriously a fking nightmare. I’ve had questions about things in the planning portal from the 90’s and all sorts. I dread any of them getting the advanced survey as the house being Victorian will obviously have all the foibles that they do. No doubt they’ll st their pants.

Anyway, had an offer within 5% of asking, may end up taking it not to lose the house we’ve seen.

okgo

38,536 posts

200 months

Friday 24th May
quotequote all
Turns out my potential buyers are complete noobs in this game. Have asked if they offer and it’s accepted by me whether they can still view other things. FTB are both great and infuriatingly bad in equal measure.


Seventyseven7

899 posts

71 months

Wednesday 29th May
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How common are pre-exchange viewings these days?

Our buyer has viewed the property 3 times already, we are ready to exchange very soon and they’ve just requested another viewing. Whilst we are going to exchange now, we won’t be completing for another 3 months.

I’ve sold 6 properties previously and not experienced this, however google suggests it happens a lot. Am I wrong to be concerned they’re asking for a fourth viewing as we are about to exchange?

pb8g09

2,442 posts

71 months

Thursday 30th May
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Seventyseven7 said:
How common are pre-exchange viewings these days?

Our buyer has viewed the property 3 times already, we are ready to exchange very soon and they’ve just requested another viewing. Whilst we are going to exchange now, we won’t be completing for another 3 months.

I’ve sold 6 properties previously and not experienced this, however google suggests it happens a lot. Am I wrong to be concerned they’re asking for a fourth viewing as we are about to exchange?
I’d probably insist they can come back after exchange at this point. But then I’m cynical…

Unreal

3,764 posts

27 months

Thursday 30th May
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Market is quiet for the time of year. Prices still too ambitious in the main so lots of reductions after a month but not big enough. First time for a while I can remember properties sticking for a year or more.

sassthathoopie

887 posts

217 months

Thursday 30th May
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We had an offer on a place we want to buy accepted on Friday morning at 3.75% under asking price (but the asking price had already been dropped 12% since first listing on 1st March (12 weeks)

It's a detached 3 bed big garage bungalow on a bit over a 1/4 acre. Elderly lady on her own is moving into sheltered accommodation in the same village. Agent was surprised that she accepted the offer.

6 hours after booking the viewing I realised that we had booked with an agent that had only had the listing for 7 days. I moved quickly to get our paperwork to the agent because of the BH Weekend coming up and it had SSTC on the Rightmove listing by the end of Friday, and a promise from the agent that the vendor wasn't taking any further viewings.

Surveyor is due to visit today. He'll find plenty I'm sure - hence the pricing. Our offer was accepted based on it not being negotiable if the survey finds lots.

However the original listing agent still has the property listed without the SSTC tag. I spoke to the agent we viewed through on Tuesday and he again told me not to worry, that there were no more viewings being accepted by the vendor.

However there is still no SSTC tag, and now I'm a little concerned. Should I be? Is the vendor waiting to see what comes of the survey? Or is it just the nature of buying from an older single lady that she just hasn't got around to speaking to the original agent?

I'm tempted to call the original agent posing as a buyer and asking to view it to see what they are saying...


Edited by sassthathoopie on Thursday 30th May 09:55

Unreal

3,764 posts

27 months

Thursday 30th May
quotequote all
sassthathoopie said:
We had an offer on a place we want to buy accepted on Friday morning at 3.75% under asking price (but the asking price had already been dropped 12% since first listing on 1st March (12 weeks)

It's a detached 3 bed big garage bungalow on a bit over a 1/4 acre. Elderly lady on her own is moving into sheltered accommodation in the same village. Agent was surprised that she accepted the offer.

6 hours after booking the viewing I realised that we had booked with an agent that had only had the listing for 7 days. I moved quickly to get our paperwork to the agent because of the BH Weekend coming up and it had SSTC on the Rightmove listing by the end of Friday, and a promise from the agent that the vendor wasn't taking any further viewings.

Surveyor is due to visit today. He'll find plenty I'm sure - hence the pricing. Our offer was accepted based on it not being negotiable if the survey finds lots.

However the original listing agent still has the property listed without the SSTC tag. I spoke to the agent we viewed through on Tuesday and he again told me not to worry, that there were no more viewings being accepted by the vendor.

However there is still no SSTC tag, and now I'm a little concerned. Should I be? Is the vendor waiting to see what comes of the survey? Or is it just the nature of buying from an older single lady that she just hasn't got around to speaking to the original agent?

I'm tempted to call the original agent posing as a buyer and asking to view it to see what they are saying...


Edited by sassthathoopie on Thursday 30th May 09:55
Right Move is more important but it's a minute's work for the agent so just tell them to do it. They have no reason not to. Don't ponce about impersonating buyers.

sassthathoopie

887 posts

217 months

Thursday 30th May
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Unreal said:
Right Move is more important but it's a minute's work for the agent so just tell them to do it. They have no reason not to. Don't ponce about impersonating buyers.
It was the RightMove listing that was the issue - however as of 2pm today they have completely removed the listing, so all good.

LuckyThirteen

504 posts

21 months

Thursday 30th May
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pb8g09 said:
Seventyseven7 said:
How common are pre-exchange viewings these days?

Our buyer has viewed the property 3 times already, we are ready to exchange very soon and they’ve just requested another viewing. Whilst we are going to exchange now, we won’t be completing for another 3 months.

I’ve sold 6 properties previously and not experienced this, however google suggests it happens a lot. Am I wrong to be concerned they’re asking for a fourth viewing as we are about to exchange?
I’d probably insist they can come back after exchange at this point. But then I’m cynical…
The contract states that a buyer accepts the condition of the property 'at the date of contract'. This is defined as the point where you exchange contracts. Therefore many solicitors will advise their clients to have another viewing immediately before exchanging.


pb8g09

2,442 posts

71 months

Thursday 30th May
quotequote all
LuckyThirteen said:
The contract states that a buyer accepts the condition of the property 'at the date of contract'. This is defined as the point where you exchange contracts. Therefore many solicitors will advise their clients to have another viewing immediately before exchanging.
Another, maybe, but 4 in this case? Nah wouldn't have it if it were me, I'd want them to be explaining exactly what they didn't achieve on the previous 3.

Ordering new flooring or a bathroom seems a fair rationale, but I'd be sceptical for any woolly responses.

edc

9,261 posts

253 months

Thursday 30th May
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pb8g09 said:
LuckyThirteen said:
The contract states that a buyer accepts the condition of the property 'at the date of contract'. This is defined as the point where you exchange contracts. Therefore many solicitors will advise their clients to have another viewing immediately before exchanging.
Another, maybe, but 4 in this case? Nah wouldn't have it if it were me, I'd want them to be explaining exactly what they didn't achieve on the previous 3.

Ordering new flooring or a bathroom seems a fair rationale, but I'd be sceptical for any woolly responses.
How is it going to help you by getting a detailed rationale? Even if you don't like their rationale are you going to bin them days before exchange only to start the process again?

Forget getting into their psyche all you should care about is doing the things that gets you over the exchange line.

pb8g09

2,442 posts

71 months

Friday 31st May
quotequote all
edc said:
How is it going to help you by getting a detailed rationale? Even if you don't like their rationale are you going to bin them days before exchange only to start the process again?

Forget getting into their psyche all you should care about is doing the things that gets you over the exchange line.
And whilst I would like to agree with your pragmatism, you only have to read through this thread and the “when will house prices crash?” to see how many people have have been offered unders just before exchange for little reason. In fact, even a chap on here was suggesting he would do it purely to try and get a better deal when the seller couldn’t do anything about it.

I let my buyers on my last 2 houses back twice. 4 viewings and just before exchange?- alarm bells are ringing to me.

LuckyThirteen

504 posts

21 months

Friday 31st May
quotequote all
Then mandate a minimum period in-between ex&comp

Gazundering primarily and most often relies upon the vendor being logistically, financially and more importantly emotionally committed to moving. Therefore being in a position where the combined cost&hassle of saying 'f11ck off' when they get chipped means they just say 'ok'.

If you're @10 days to 2 weeks out then the level of emotional commitment first, followed by financial and logistical is such less than it's more than possible to say no.

I've been witnessing this first hand for thirty years. And writing about it for at least twenty.

Don't get sucked into a completion date being the target. Make exchange the target, with a minimum gap afterwards (set this down early). Then when agents say the usual stupid st like 'we have to have a target' you can respond with 'yea, the legally binding moment that is exchange is the target'.

TimmyMallett

2,941 posts

114 months

Friday 31st May
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okgo said:
Yeh I figured most of it was just fluff. If you’re serious you’ve done your research.

I am a bit OTT but I scour everything I can find, extensive use of maps/streetview and much more. Often all that before I’ve been to view. I only view things that I’m very interested in.

Seems many aren’t like that smile
People are indeed stupid. Some 'people' are idiots.

'Its on a main road'
'Garden is small'
'Not sure they like the kitchen'
'The sky is blue'

I'm glad I wasted my time clearing the house of 3 dogs and 2 young kids for you to wander round my home and point out the f*cking obvious you cretins.

edc

9,261 posts

253 months

Friday 31st May
quotequote all
pb8g09 said:
And whilst I would like to agree with your pragmatism, you only have to read through this thread and the “when will house prices crash?” to see how many people have have been offered unders just before exchange for little reason. In fact, even a chap on here was suggesting he would do it purely to try and get a better deal when the seller couldn’t do anything about it.

I let my buyers on my last 2 houses back twice. 4 viewings and just before exchange?- alarm bells are ringing to me.
The alarm bells may ring but when you take a deep breath you either bin your seller and start again and risk losing your onward purchase or you keep them engaged and get them over the exchange line. At this point you know nothing apart from your own speculation and that is no sound basis to halt the process.

okgo

38,536 posts

200 months

Friday 31st May
quotequote all
TimmyMallett said:
People are indeed stupid. Some 'people' are idiots.

'Its on a main road'
'Garden is small'
'Not sure they like the kitchen'
'The sky is blue'

I'm glad I wasted my time clearing the house of 3 dogs and 2 young kids for you to wander round my home and point out the f*cking obvious you cretins.
Indeed.

“ They thought the house was beautiful internally and thought the garden was a great size however, they won’t be coming forward with an offer. Whilst they appreciated the size of the house they have said to me they are early in their search and therefore would like to explore more options. If you would like to discuss further do let me know.”

Useless feedback I got yesterday.

pb8g09

2,442 posts

71 months

Friday 31st May
quotequote all
edc said:
The alarm bells may ring but when you take a deep breath you either bin your seller and start again and risk losing your onward purchase or you keep them engaged and get them over the exchange line. At this point you know nothing apart from your own speculation and that is no sound basis to halt the process.
Sorry, but I just simply disagree that letting a potential buyer back for a 4th viewing just before exchange is standard 'process'. It's never been a process in any of my home moves and I've moved 5 times. Let's agree to disagree as I feel we won't come to a similar view on this. Enjoy your Friday!

Edited by pb8g09 on Friday 31st May 09:37

pb8g09

2,442 posts

71 months

Friday 31st May
quotequote all
okgo said:
Indeed.

“ They thought the house was beautiful internally and thought the garden was a great size however, they won’t be coming forward with an offer. Whilst they appreciated the size of the house they have said to me they are early in their search and therefore would like to explore more options. If you would like to discuss further do let me know.”

Useless feedback I got yesterday.
Reminds you of those couples on Location Location Location that have viewed 'over 100 properties' and still haven't 'found the one'.

kingston12

5,514 posts

159 months

Friday 31st May
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Some people take quite a strange approach to viewings.

I witnessed a bizarre exchange between an estate agent and a couple viewing a place on my road yesterday. It seemed that they were unhappy about having to pay for parking (it's a controlled parking zone).

The agent's recommendation was to park the car in the next road and for one of them to wait in the car whilst the other viewed the house and then swap over!

It just seemed like a bit of a waste of time if saving £1 for parking was the first thing on their minds when viewing a house.

okgo

38,536 posts

200 months

Friday 31st May
quotequote all
pb8g09 said:
Reminds you of those couples on Location Location Location that have viewed 'over 100 properties' and still haven't 'found the one'.
Indeed.

The public are maddening.