Is anyone moving now?
Discussion
a311 said:
As someone who was (still is a bit) considering a move it's not too encouraging reading through these.
We were considering due to a particular house in our local area, but the current owner is one of these who's valued it himself and would rather leave it on the market, than entertain a 5-10% less than asking offer despite it being on the market for a year..... Starting to think it's not worth consuming mental bandwidth at present!
The last year hasn't been typical though has it? Not by a long way. Things are looking very different at the moment so I can see why the seller might stick out. We have just put a place on the market for 7.5% more than it was a year ago. A couple of people have pointed this out as if it's somehow wrong. They don't seem to understand the concept of market forces. They could have had the house last year at £X but now it's £X+7.5%. Perhaps I'm missing something and should try and pick up a couple of Sierra Cosworths and that Kensington mews house I've always fancied for what they were last advertised for a couple of years back. I'll get some Bitcoin at last year's price while I'm at it. We were considering due to a particular house in our local area, but the current owner is one of these who's valued it himself and would rather leave it on the market, than entertain a 5-10% less than asking offer despite it being on the market for a year..... Starting to think it's not worth consuming mental bandwidth at present!
If you want it, pay the man what he wants. If you don't, move on.
19th January, a friend tells me this is back on the market. Nowt on Rightmove yet
20th Jan - Viewed house. Previous buyer has just pulled out as couldn't secure a mortgage
21st Jan DAY 1 offer accepted - 2 other buyers - sealed bids.
DAY 2 - instruct the same conveyancer as the failed prev buyers. Buy all the completed surveys and collate the searches. My conveyancer is local and belongs to an actual firm of solicitors. Seller's conveyancer also local and works for a proper firm.
DAY 5 - submit my mortgage application
DAY 12 Mortgage offer received.
DAY 20 Sort out Land Registry stuff as the property was last on the market in '71 and is unregistered.
Day 42 Contracts exchanged
Day 49 - Next week - Completion date and move in. Cheers for the extension, Rishi, but I won't be needing it.
Now....... what to do with the 60ft barn.........
Edited by The_Doc on Thursday 11th March 10:36
Taylor James said:
a311 said:
As someone who was (still is a bit) considering a move it's not too encouraging reading through these.
We were considering due to a particular house in our local area, but the current owner is one of these who's valued it himself and would rather leave it on the market, than entertain a 5-10% less than asking offer despite it being on the market for a year..... Starting to think it's not worth consuming mental bandwidth at present!
The last year hasn't been typical though has it? Not by a long way. Things are looking very different at the moment so I can see why the seller might stick out. We have just put a place on the market for 7.5% more than it was a year ago. A couple of people have pointed this out as if it's somehow wrong. They don't seem to understand the concept of market forces. They could have had the house last year at £X but now it's £X+7.5%. Perhaps I'm missing something and should try and pick up a couple of Sierra Cosworths and that Kensington mews house I've always fancied for what they were last advertised for a couple of years back. I'll get some Bitcoin at last year's price while I'm at it. We were considering due to a particular house in our local area, but the current owner is one of these who's valued it himself and would rather leave it on the market, than entertain a 5-10% less than asking offer despite it being on the market for a year..... Starting to think it's not worth consuming mental bandwidth at present!
If you want it, pay the man what he wants. If you don't, move on.
If you think the local market or your house has picked up by 7.5% in the last 12+ months then advertising it that would seem reasonable
In our situation, we had the same EA value ours that is marketing the house we were interested in. They pretty much said it was over priced based on the sale price of a similar(ish) property that had a queue of people wanting to view then buy. But you're right it is a case of either negotiate or move on.
The_Doc said:
19th January, a friend tells me this is back on the market. Nowt on Rightmove yet
20th Jan - Viewed house. Previous buyer has just pulled out as couldn't secure a mortgage
21st Jan DAY 1 offer accepted - 2 other buyers - sealed bids.
DAY 2 - instruct the same conveyancer as the failed prev buyers. Buy all the completed surveys and collate the searches. My conveyancer is local and belongs to an actual firm of solicitors. Seller's conveyancer also local and works for a proper firm.
DAY 5 - submit my mortgage application
DAY 12 Mortgage offer received.
DAY 20 Sort out Land Registry stuff as the property was last on the market in '71 and is unregistered.
Day 42 Contracts exchanged
Day 49 - Next week - Completion date and move in. Cheers for the extension, Rishi, but I won't be needing it.
Now....... what to do with the 60ft barn.........
Edited by The_Doc on Thursday 11th March 10:36
I like the stone garden wall as well btw!
The_Doc said:
19th January, a friend tells me this is back on the market. Nowt on Rightmove yet
20th Jan - Viewed house. Previous buyer has just pulled out as couldn't secure a mortgage
21st Jan DAY 1 offer accepted - 2 other buyers - sealed bids.
DAY 2 - instruct the same conveyancer as the failed prev buyers. Buy all the completed surveys and collate the searches. My conveyancer is local and belongs to an actual firm of solicitors. Seller's conveyancer also local and works for a proper firm.
DAY 5 - submit my mortgage application
DAY 12 Mortgage offer received.
DAY 20 Sort out Land Registry stuff as the property was last on the market in '71 and is unregistered.
Day 42 Contracts exchanged
Day 49 - Next week - Completion date and move in. Cheers for the extension, Rishi, but I won't be needing it.
Now....... what to do with the 60ft barn.........
Edited by The_Doc on Thursday 11th March 10:36
a311 said:
Taylor James said:
a311 said:
As someone who was (still is a bit) considering a move it's not too encouraging reading through these.
We were considering due to a particular house in our local area, but the current owner is one of these who's valued it himself and would rather leave it on the market, than entertain a 5-10% less than asking offer despite it being on the market for a year..... Starting to think it's not worth consuming mental bandwidth at present!
The last year hasn't been typical though has it? Not by a long way. Things are looking very different at the moment so I can see why the seller might stick out. We have just put a place on the market for 7.5% more than it was a year ago. A couple of people have pointed this out as if it's somehow wrong. They don't seem to understand the concept of market forces. They could have had the house last year at £X but now it's £X+7.5%. Perhaps I'm missing something and should try and pick up a couple of Sierra Cosworths and that Kensington mews house I've always fancied for what they were last advertised for a couple of years back. I'll get some Bitcoin at last year's price while I'm at it. We were considering due to a particular house in our local area, but the current owner is one of these who's valued it himself and would rather leave it on the market, than entertain a 5-10% less than asking offer despite it being on the market for a year..... Starting to think it's not worth consuming mental bandwidth at present!
If you want it, pay the man what he wants. If you don't, move on.
If you think the local market or your house has picked up by 7.5% in the last 12+ months then advertising it that would seem reasonable
In our situation, we had the same EA value ours that is marketing the house we were interested in. They pretty much said it was over priced based on the sale price of a similar(ish) property that had a queue of people wanting to view then buy. But you're right it is a case of either negotiate or move on.
England87 said:
We’re now three weeks on from when we were ready to exchange. This is after the bottom of the chain were chasing hard to exchange, told them we were ready and discovered they hadn’t done their paperwork. Very frustrating process. We sold at the beginning of October.
Wait until they find an additiona new magical mystery vendor at the top of the chain, who then demands you all work to their timings, not the previously chain agreed dates......Turn7 said:
England87 said:
We’re now three weeks on from when we were ready to exchange. This is after the bottom of the chain were chasing hard to exchange, told them we were ready and discovered they hadn’t done their paperwork. Very frustrating process. We sold at the beginning of October.
Wait until they find an additiona new magical mystery vendor at the top of the chain, who then demands you all work to their timings, not the previously chain agreed dates......cayman-black said:
That's just beautiful para, congratulations.
Have you added it to the real estate porn site here?
Thanks everyone! I appreciate all your kind words Have you added it to the real estate porn site here?
Edited by cayman-black on Thursday 11th March 11:10
it feels very surreal! I’m still feeling extremely overwhelmed
Thank God we managed to get it with a staggered sale of our Surrey place or I’d have a breakdown
I haven’t added it to the pawn thread, kinda feel a bit edgy about putting them on. Might add another pic or two when I can.
Managed to turn hot water and heat on! #gimmeamedal
Has anybody been waiting for “the last bit of information from the...” ? We have, I think 4, maybe 5 times we’ve been waiting for the last bit of information, it’s now been received.
In theory the gangs can get together to exchange, in reality who knows what’s going to happen.
There is (I believe) a level of optimism in the chain that we should be moving probably the week after next, place your best now.
In theory the gangs can get together to exchange, in reality who knows what’s going to happen.
There is (I believe) a level of optimism in the chain that we should be moving probably the week after next, place your best now.
Message off our vendor on Monday, "my solicitor is waiting for an instruction to act from your solicitor" so emailed mine, Wednesday he said all sorted its been sent etc.
Woke up from nights this afternoon, "your solicitor still hasn't sent the instruction to act", emailed them and they replied we have, so asked them to call the other firm.
feel like these solicitors need some kind of project manager over seeing them.
Woke up from nights this afternoon, "your solicitor still hasn't sent the instruction to act", emailed them and they replied we have, so asked them to call the other firm.
feel like these solicitors need some kind of project manager over seeing them.
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