Is anyone moving now?

[edc]

Land registry updates have taken months in most cases. If you haven't already been tracking the prices for some months ahead of your planned move then you're going to struggle to match list prices and their movement from some time back to the actual sold price.

[edc]

It's still possible to match up. I have dozens of saved listings in Rightmove and using the Rightmove website sold prices which pulls from Land registry you can see the last list price Vs sold price.

[C70R]

edc said:

It's still possible to match up. I have dozens of saved listings in Rightmove and using the Rightmove website sold prices which pulls from Land registry you can see the last list price Vs sold price.

It absolutely is, but the time lag effect of a few months isn't hugely helpful in a market that is so unpredictable.

[daos]

skwdenyer said:

I’m asking because I just missed out on a house I wanted. Went to B&F on Friday. Form asked if cash or not, but no proof of funds requested. Vendor accepted the other offer at the same price as ours, allegedly a cash buyer - but, with no proof of funds requested, it’s hard for me to wonder whether they just ticked “cash” to give themselves an advantage

As a wise man once told me, with property just assume everyone is lying…

If they aren't checking source of funds then I would say that is lazy on the part of the estate agent and the vendor should be insisting on them checking. Seems pointless to do this after accepting an offer and then having to go back to other buyers if it falls through.

[Chris Type R]

C70R said:

edc said:

It's still possible to match up. I have dozens of saved listings in Rightmove and using the Rightmove website sold prices which pulls from Land registry you can see the last list price Vs sold price.

It absolutely is, but the time lag effect of a few months isn't hugely helpful in a market that is so unpredictable.

Exactly this.

I have the double whammy of having to wait for Land Registry to register me as an owner and then registering the split off of half the property - so months of waiting in a changing market. A market which in all likelihood is changing in the wrong direction.

[C70R]

Chris Type R said:

C70R said:

edc said:

It's still possible to match up. I have dozens of saved listings in Rightmove and using the Rightmove website sold prices which pulls from Land registry you can see the last list price Vs sold price.

It absolutely is, but the time lag effect of a few months isn't hugely helpful in a market that is so unpredictable.

Exactly this.

I have the double whammy of having to wait for Land Registry to register me as an owner and then registering the split off of half the property - so months of waiting in a changing market. A market which in all likelihood is changing in the wrong direction.

I wouldn't stress too much about the market just yet.

I don't pretend to be able to predict the future, but I'm also not going to resort to doom and gloom in the face of evidence to the contrary.

Asking prices hit a record high in May, so we're not quite yet at the stage of resorting to panic.

[princeperch]

My sale was showing at the land registry within 2 months which was very quick. My purchase still not showing after 3 months.

Edited by princeperch on Monday 27th June 11:54

[Jobbo]

princeperch said:

My sale was showing at the land registry within 2 months which was very quick. My purchase still not showing after 3 months.

Edited by princeperch on Monday 27th June 11:54

Some Land Reg applications are taking a very long time. Before COVID, it was sometimes the case that a simple transfer of one freehold title would be registered the next day, occasionally even on the same day. Even those are taking a little while now (weeks rather than months, in my experience). Conversely I have a few applications in with the Land Registry currently where the estimated completion of registration is September 2023. If your purchase was of an unregistered title then you'll be lucky if it's registered this year.

However, there's also a lag of up to 3 months before the data is released by the Land Registry. Once a transfer of a property has been registered, you can pay £3 to get the title straight away if you desperately want to know how much it was, but the full data sets are released (used to be quarterly but now seems to be monthly) with a lag so April is the most recent release: https://www.gov.uk/government/statistical-data-set...

[Yidwann]

Well after many many attempts with no success we finally had an offer accepted on a place today. Slight change of tactic, find a place that you can do what you like to rather than the ones that are done already and still seem to be attracting significant overs. We even offered on one a street over from the one we finally went for it and it went for over £600k for a 3 bed.

Anyway, here it is, quite a bit under our budget, I seem to have a thing for ex authority houses obviously, but once the garage is moved to the side of the house and a big open plan extension across the back, it'll be a nice home.

https://www.rightmove.co.uk/properties/123605630#/...

The Battle for Helms Deep is over.... the Battle for Middle Earth is about to begin

[pacenotes]

Photographer booked to come tomorrow, Any last-minute tips for good photos?

We've tidied up and hid most of our stuff but are there any things that put you off right away that we wouldn't think of?

[skwdenyer]

pacenotes said:

Photographer booked to come tomorrow, Any last-minute tips for good photos?

We've tidied up and hid most of our stuff but are there any things that put you off right away that we wouldn't think of?

Stupidly wide angle lenses are a real turnoff - make places look small to me, ironically.

[skwdenyer]

Yidwann said:

Well after many many attempts with no success we finally had an offer accepted on a place today. Slight change of tactic, find a place that you can do what you like to rather than the ones that are done already and still seem to be attracting significant overs. We even offered on one a street over from the one we finally went for it and it went for over £600k for a 3 bed.

Anyway, here it is, quite a bit under our budget, I seem to have a thing for ex authority houses obviously, but once the garage is moved to the side of the house and a big open plan extension across the back, it'll be a nice home.

https://www.rightmove.co.uk/properties/123605630#/...

The Battle for Helms Deep is over.... the Battle for Middle Earth is about to begin

Congratulations. That looks like it has the makings of a very homely home.

[beanoir78]

pacenotes said:

Photographer booked to come tomorrow, Any last-minute tips for good photos?

We've tidied up and hid most of our stuff but are there any things that put you off right away that we wouldn't think of?

- Toiletries in bathrooms
- running machines in spare bedrooms (probably just my ocd, but I can’t stand that)
- pet stuff
- clear as much space on kitchen worktops as possible
- dont leave your keys on display

If the photographer is good then they will know how to take the best photos, arranging furniture to make the room look good. The fact it’s not the EA taking the photos is a good start, you should be ok.

[ashleyman]

Ours was going well and now it’s not. Relatively little headaches but headaches nonetheless.

Agent update was everything good. No issues. In reality the tenants (we are buying someone’s BTL) didn’t leave and are still in so that’s going to court.
Searches due back mid July (they must have only just filed them).
Our solicitor received sellers docs early June and some stuff was missing. Nearly a month later we are still waiting for various answers.

Everything done on our end. Just waiting on other people. Hope to be in by end of August but let’s see.

[Sheepshanks]

Flooble said:

I find that interesting. It had an "OIEO" but everybody offered below ...

We had some offers below, but at best and final everyone offered exactly the listed price.

OIEO is pretty unusual in our area so people probably ignored it. To put some numbers in:

EA thought (and I agreed with all this as the village has a lot of similar houses so it was quite easy to value) if the house had been perfect then £325K would be possible, as it was he was thinking £305K-£310K which is obviously a bit awkward as an asking price.

He said list at £300K so it would catch people searching both up to £300K and from £300K - apparently people searching for houses only look up to their budget, they don’t look, say, +£25K hoping they can negotiate down.

They were certainly up for asking the multiple £300K bidders to re-bid (so the point of best and final was a bit lost on me) but, as said earlier, one of the bidders was so ‘attractive’ it seemed a no brainer to grab them.

[Yidwann]

skwdenyer said:

Yidwann said:

Well after many many attempts with no success we finally had an offer accepted on a place today. Slight change of tactic, find a place that you can do what you like to rather than the ones that are done already and still seem to be attracting significant overs. We even offered on one a street over from the one we finally went for it and it went for over £600k for a 3 bed.

Anyway, here it is, quite a bit under our budget, I seem to have a thing for ex authority houses obviously, but once the garage is moved to the side of the house and a big open plan extension across the back, it'll be a nice home.

https://www.rightmove.co.uk/properties/123605630#/...

The Battle for Helms Deep is over.... the Battle for Middle Earth is about to begin

Congratulations. That looks like it has the makings of a very homely home.

Thanks, yeah I think so, my only concern is it’s pokey upstairs, there is no significantly larger bedroom which was a sticking point with my place selling but could maybe work that into the extension plans. We’ll see. The garden sold it, the rest can be changed.

[gfreeman]

Calza said:

So while looking at our target area / price, should we be assuming everything goes over asking (unless reduced)?

I.e looking at our upper budget is actually pointless?

I have sold /selling three houses since September 2020 - 2 affected by the stamp duty discounts so attracted a fair amount of interest.

We got 3 appraisals on each after carefully vetting the local agents and marketed at the mid point valuation each time - 2 at £700k and 1 at £600k.

For each appraisal we said we want to sell so please give us the truth - warts and all.

Despite all the hype in the market one sold for £600k in October 2020 - £100k below asking, one for £672.5k in May21 - £27.5k under asking and a current ongoing sale at £567.5k June 22 - £32.5k under asking.

Each time we thought what is going on??? Despite what was being said on here, in the media and what the agents were saying, we couldn't get offers at the EA's estimates. So not everyone is getting overs.

Just confirms my belief that EA's come in two flavours - sharks or dimwits.

[C70R]

gfreeman said:

Calza said:

So while looking at our target area / price, should we be assuming everything goes over asking (unless reduced)?

I.e looking at our upper budget is actually pointless?

I have sold /selling three houses since September 2020 - 2 affected by the stamp duty discounts so attracted a fair amount of interest.

We got 3 appraisals on each after carefully vetting the local agents and marketed at the mid point valuation each time - 2 at £700k and 1 at £600k.

For each appraisal we said we want to sell so please give us the truth - warts and all.

Despite all the hype in the market one sold for £600k in October 2020 - £100k below asking, one for £672.5k in May21 - £27.5k under asking and a current ongoing sale at £567.5k June 22 - £32.5k under asking.

Each time we thought what is going on??? Despite what was being said on here, in the media and what the agents were saying, we couldn't get offers at the EA's estimates. So not everyone is getting overs.

Just confirms my belief that EA's come in two flavours - sharks or dimwits.

Absolutely. Mirrors my experience of 'optimistic' agents when we were considering selling our place in London. MrsC was absolutely thrilled at how much we'd made, I was much more sceptical about the fact that they'd priced us higher than anything comparable they'd sold recently. Charlatans, the lot.

[Jcwjosh]

Out of interest, how many viewings have people further on in the process than me had, before they have reached an agreement with someone ?

My place has been on the market for 24 hours and i have 6 viewings booked for next week.

I know its all subjective and dependant on type of home area etc just wondered if there is an average number i should hope for.

This is my first time trying to sell

[grudas]

Jcwjosh said:

Out of interest, how many viewings have people further on in the process than me had, before they have reached an agreement with someone ?

My place has been on the market for 24 hours and i have 6 viewings booked for next week.

I know its all subjective and dependant on type of home area etc just wondered if there is an average number i should hope for.

This is my first time trying to sell

our seller had 11 viewings on first day. EA did the usual, book it all for Saturday and view it all in one day. After 11 viewings they had 9 offers.