Is anyone moving now?

Is anyone moving now?

Author
Discussion

01WE01

912 posts

37 months

Tuesday 2nd March
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Have you heard from them recently? Not unusual for a buyer to keep one house warm whilst they progress another. Always a risk.

Zarco

13,719 posts

173 months

Tuesday 2nd March
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ooid said:
jmn said:
We accepted an offer from purchasers living with their in laws about 6 months ago.

Unfortunately there is hardly anything coming on to the market in areas that we would consider and prices appear to have increased generally since we accepted their offer.

6 months and you still have the same potential buyers? you must be quite lucky to have them, it is quite long imho.
It will help that they are living with their in-laws with no chain up their arse wink

Since last summer we have sold our house twice, and had offers accepted on two. Went to closed bids on the first house then subsequently lost it when our buyer proved to be a shyster and the vender re-sold to another party.

We then sold ours again quite quickly around October. Last week we agreed a price on another house. Just before the stamp duty holiday was extended again as it happens biggrin

talksthetorque

8,858 posts

99 months

Tuesday 2nd March
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2 more viewings booked for tomorrow and the weekend for our house.

It's a bit niche really - It's an 80s single storey house ( not a bungalow according to the other half) the oustide is a bit barn-y but the inside is white handle-less kitchen, wet room shower, plenty of bedrooms, but as with all bungalows, theyre not huge.
It's in a village outside a well regarded town, but it is the wrong side of that town for the (provincial) city commuters.
It is on a decent sized plot for a not-a-bungalow round here ( many of which have just enough room to walk round between the house and the fence)
Private Road, detatched slightly larger than average single garage, but you are near a main road, and a pub.

This will be our 8th and 9th viewings and people have liked it but either are "having a think about it" or it's not suitable for them because of x or y or z. All of which are apparent if you look at the brochure.
I guess it's just a case of waiting for the right buyer to come along.

Meanwhile we have fed back positive thoughts to the property we like and explained we dont want to put forward a meaningless offer until we have some intent to purchase on ours. I can't wait until we get to the point where I'm pulling my remaining hair out about solicitors.






AlmostUseful

3,015 posts

164 months

Tuesday 2nd March
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After months of sod all we finally had some positive news today, the solicitor at the bottom of the chain has had the file taken off them and it’s been given to someone that answers questions, of course the file was in such a state that he’s had to ask all the same questions that have previously been answered but not filed. Still, it’s something I suppose. Onward!

ajap1979

4,758 posts

151 months

Wednesday 3rd March
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Al U said:
LetsTryAgain said:
Al U said:
Our house is up for sale at the moment, been up for 3 weeks this Wednesday. We have had a lot of viewings but only 1 offer from a person that started low and has gone up a bit for their 2nd offer. They are still a bit low but we think they may come up once more to a level we can accept. People are all giving the same feedback that two of the bedrooms are too small, the dimensions are on the floor plan! I wish people would look at floor plans more seriously before arranging viewings. I do wonder if it is people using it as an excuse to get out of the house sometimes.

None of this actually matters though, because we are just not seeing anything that we want from what is available at the moment. I am getting concerned that we are going to get to a point soon where we get a good offer and will be rushed into choosing a house from what is out there.
It’s a PITA but it could be worth considering renting in the short term depending where you are.
To be honest I'd rather just settle on something and make it clear to our buyer that we have not found something when it comes to accepting an offer, we will be increasing our mortgage for our next house so renting for 6 months and paying early repayment charges doesn't really stack up for us. At least I don't think it does at the moment, I think if it came to that I'd rather just stay in ours for another year. We aren't really desperate to up-size, it's more of a want than a need for sure.
I'm in a similar position. We put our house on the market after seeing somewhere that we really wanted, accepted an asking price offer from someone in rented accommodation after 5 days, got the offer accepted on the place we wanted, then it fell through (long story but vendors cancelled the sale). This was back at the beginning of December and we've viewed just four houses since. There really is just nothing coming up in the areas we're looking to move to. They *seem* happy to wait, but we'd be foolish to think they weren't keeping their eye on anything that comes onto the market. Lots of people have suggested renting, but I'm not prepared to give up a house we love to live in a rented house just waiting for the day something we want comes up. That could be a few weeks, a few years, or never.

Evoluzione

5,703 posts

207 months

Wednesday 3rd March
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Stamp duty holiday officially extended until end of June and protection offered to banks offering 95% mortgages.

ajap1979

4,758 posts

151 months

Wednesday 3rd March
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Evoluzione said:
Stamp duty holiday officially extended until end of June and protection offered to banks offering 95% mortgages.
Tapered until the end of September too, though no details of how that will work.

Isaac Hunt

12,471 posts

175 months

Wednesday 3rd March
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Just hope our vendor doesn't decide to ease off the pedal as our temporary accommodation ends at the end of April.

AJB88

7,397 posts

135 months

Wednesday 3rd March
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ajap1979 said:
Tapered until the end of September too, though no details of how that will work.
Heard it reduces by 50k a month.

ajap1979

4,758 posts

151 months

Wednesday 3rd March
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AJB88 said:
ajap1979 said:
Tapered until the end of September too, though no details of how that will work.
Heard it reduces by 50k a month.
From the Guardian...

"As expected, stamp duty holiday on properties up to £500,000 continues until the end of June. It will be kept at double its standard level until the end of September, and then return to usual levels from 1 October."

Not entirely sure what that means tbh.

EDIT, so nil levels are doubled. 0% up to £250k, 2% £250k - £500k.

Edited by ajap1979 on Wednesday 3rd March 13:33

LetsTryAgain

2,736 posts

37 months

Wednesday 3rd March
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Evoluzione said:
Stamp duty holiday officially extended until end of June and protection offered to banks offering 95% mortgages.
Like banks aren’t protected anyway.

Fast Bug

9,268 posts

125 months

Wednesday 3rd March
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Relieved about the stampy duty holiday being extended, it means we can start getting some big jobs ticked off the list straight away. Mrs FB can have her roll top bath now laugh

talksthetorque

8,858 posts

99 months

Wednesday 3rd March
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Viewing today
She actually said at the end “well it’s all very nice but I’m wondering where I’m going to put my 3 tortoises”

I refrained from the obvious answer as that would be cruel to the tortoises.

Evoluzione

5,703 posts

207 months

Wednesday 3rd March
quotequote all
AJB88 said:
ajap1979 said:
Tapered until the end of September too, though no details of how that will work.
Heard it reduces by 50k a month.
I believe it drops from 500 to 250k, but whether from one day to the next or not wasn't said.

AlmostUseful

3,015 posts

164 months

Wednesday 3rd March
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It’s nice that it’s been extended, hopefully that means that if the worst comes to the worst and we lose our buyer we could find another one before needing to pay out.

TheNewBoy

287 posts

2 months

Wednesday 3rd March
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Daughter completed on her first house this week.
They pushed it through on the basis of the stamp duty holiday ending soon. Luckily it’s done, as the others would have taken their foot off the gas now it’s been extended!
I guess the extension & the mortgage changes will push up prices in the short term ..

Rutter

1,968 posts

170 months

Wednesday 3rd March
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Exchanged today on the house we offered on at the beginning of November. Completing next week.

ChevronB19

2,486 posts

127 months

Wednesday 3rd March
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Exchanged today, thank god. Has taken nigh on 5 months due to an horrifically naive buyer. Feels like a massive weight off my shoulders. Am having a beer now and it’s not 5pm yet!

Gad-Westy

11,286 posts

177 months

Wednesday 3rd March
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ChevronB19 said:
Exchanged today, thank god. Has taken nigh on 5 months due to an horrifically naive buyer. Feels like a massive weight off my shoulders. Am having a beer now and it’s not 5pm yet!
Fantastic. Well earned beer (or seven). Enjoy smile

parakitaMol.

11,592 posts

215 months

Wednesday 3rd March
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Congrats Rutter and Chevron - really pleased for you!