Is anyone moving now?
Discussion
Mr Whippy said:
a311 said:
Race2the Redline said:
jmn said:
Under offer since last October.
Agents reckon my property is now worth considerably more and Purchasers, albeit reluctantly, agree. There really is nothing suitable coming on to the Market at the moment to I have decided to put things on hold until June/.July and I will reappraise the situation then. Property will be revalued at that point.
Likewise, I feel terrible doing it but ours has been under offer since August and could now be worth c7% more, we’ve been open and honest with the purchases at every stage and actively encouraged them to find something else.Agents reckon my property is now worth considerably more and Purchasers, albeit reluctantly, agree. There really is nothing suitable coming on to the Market at the moment to I have decided to put things on hold until June/.July and I will reappraise the situation then. Property will be revalued at that point.
We’ve just seen something we tried to buy back in December come back on with an asking price 3.5% higher.
It's all a bit of a weird situation that isn't doing normal people any favours.
I senses another "crash" coming along... which means horrible price discovery, and not much moving for half a decade because no one wants to realise a loss... and so those who do need to sell at a loss do not so bad because there'll be high demand for the few bits and pieces that come to market.
Lose lose... except for home builders now sat on £££ more stock, and banks selling £££ more credit, and government taking £££ more in SDLT, VAT on fees, etc.
People have been suggesting a crash for a while now. 2008 was the last time I could remember a crash being expected which is when we last moved house. I think the housing bubble has become too big to fail really, too much money and vested interests tied up in it.
Personally I'd welcome a correction as in percentage terms the leap to the kind of final move house would be less than the reduced value in our own house. Anecdotally I'm noticing a few places locally that were STC come back up for sale.
Sporky said:
anonymous said:
[redacted]
That is not what I expected a TVR owner's house to be like inside.SweptVolume said:
Bit of a thread diversion, but what are people's thoughts on parking a nice car in front of the house in the photos? I always assumed the cars should be shifted because they're not part of the sale, but watching an old Location Location, they actually recommended using the estate agent's Boxster in the photos to present the house and the street better.
Depends. If the car is in keeping with the house, why not - it's just staging. I doubt it'd put anyone off, and it might interest someone.Of course, then you get into the argument of whether, when selling one's country pile with 154 acres, one parks the Maybach or the rusty Volvo 740 / Land Rover Series IIA in front. What sort of buyer does one want to entice?
If it's a bigger but non standard shaped driveway, it can show scale - that there is room for lots of cars on the drive.
We have a triangular drive which is on a curve. it can jusdt about fit 5 cars on - or 2 if you just stick the first one on "straight"
I'm guessing though that's it's just the agent showing off they have a porshce on the telly.
We have a triangular drive which is on a curve. it can jusdt about fit 5 cars on - or 2 if you just stick the first one on "straight"
I'm guessing though that's it's just the agent showing off they have a porshce on the telly.
Well, seventeen viewings done/scheduled now since the property listing went live on Thursday evening - really wasn't expecting this much interest.
Pretty exhausting keeping the house clean and tidy let alone showing folk around but hopefully it'll all be worth it - planning to go to a closing date later this week. I think we have already shown around a couple of credible buyers and hoping to end up a bit over the asking price which will help the man maths for the move!
8,000 views of the page on the Aberdeen Solicitors page - crazy!
Pretty exhausting keeping the house clean and tidy let alone showing folk around but hopefully it'll all be worth it - planning to go to a closing date later this week. I think we have already shown around a couple of credible buyers and hoping to end up a bit over the asking price which will help the man maths for the move!
8,000 views of the page on the Aberdeen Solicitors page - crazy!
ooid said:
I don't know perhaps the different market, this sounds quite bizarre to me! If I ever say this to a potential buyer, they would literally laugh at me (I would do the same to be honest), being in London market I do not know, for me -experience of buying and selling in the last 11 years-, from offer to completion is max 3 months.
From our buyers perspective its difficult, of course they can pull out, but there's very little on the market and what is has increased in value anyway.Having a nightmare with our buyers at the moment. We accepted their offer mid Jan (6 offers in 48 hours) and so far they have had a valuation survey, full structural survey, damp survey, CCTV drainage survey, roof survey and now asking for a boiler inspection. Every week it’s a different survey request which I have to take time off of work so that I am around.
I could understand if it was some sort of wacky build but it’s a standard 1930’s 3 bed semi in good state of repair. Perhaps most people have this done but it’s getting really frustrating as it now looks like we will miss the stamp duty cut off.
I can see them fishing for some money off due to potential “issues” one of these surveys has found.
If this sale falls through I will probably take the house off the market as can’t be bothered with going through all this again.
I could understand if it was some sort of wacky build but it’s a standard 1930’s 3 bed semi in good state of repair. Perhaps most people have this done but it’s getting really frustrating as it now looks like we will miss the stamp duty cut off.
I can see them fishing for some money off due to potential “issues” one of these surveys has found.
If this sale falls through I will probably take the house off the market as can’t be bothered with going through all this again.
We've bought and moved into our new home but just about to put the old house on the market.
It's going on next week but we've got airbnb bookings lined up, i wanted to have a clear 10 days from when its on the market as hoping for a influx of bookings. But the missus has gone and accepted a booking in that 10 days without checking with me (despite having a convo last night that it be best to keep it clear)
How do you guys think it will affect things knowing we can only have viewings on a Friday afternoon? And adding into that that we'll also have to be quick to get cleaners in to change bedding and make it looking presentable.
Don't get me wrong the airbnb cash is nice but id rather have that first 10 days clear as the market is pretty active here atm
It's going on next week but we've got airbnb bookings lined up, i wanted to have a clear 10 days from when its on the market as hoping for a influx of bookings. But the missus has gone and accepted a booking in that 10 days without checking with me (despite having a convo last night that it be best to keep it clear)
How do you guys think it will affect things knowing we can only have viewings on a Friday afternoon? And adding into that that we'll also have to be quick to get cleaners in to change bedding and make it looking presentable.
Don't get me wrong the airbnb cash is nice but id rather have that first 10 days clear as the market is pretty active here atm
NuckyThompson said:
We've bought and moved into our new home but just about to put the old house on the market.
It's going on next week but we've got airbnb bookings lined up, i wanted to have a clear 10 days from when its on the market as hoping for a influx of bookings. But the missus has gone and accepted a booking in that 10 days without checking with me (despite having a convo last night that it be best to keep it clear)
How do you guys think it will affect things knowing we can only have viewings on a Friday afternoon? And adding into that that we'll also have to be quick to get cleaners in to change bedding and make it looking presentable.
Don't get me wrong the airbnb cash is nice but id rather have that first 10 days clear as the market is pretty active here atm
The last couple of houses I viewed all had the bookings lined up in one day (a Saturday in both cases), and a deadline for offers was set at lunchtime on the Monday. It's going on next week but we've got airbnb bookings lined up, i wanted to have a clear 10 days from when its on the market as hoping for a influx of bookings. But the missus has gone and accepted a booking in that 10 days without checking with me (despite having a convo last night that it be best to keep it clear)
How do you guys think it will affect things knowing we can only have viewings on a Friday afternoon? And adding into that that we'll also have to be quick to get cleaners in to change bedding and make it looking presentable.
Don't get me wrong the airbnb cash is nice but id rather have that first 10 days clear as the market is pretty active here atm
Depending on how much demand you are expecting and how good your agents are I can't see an issue with Friday afternoon bookings. If the slots are limited you may want to be stricter on who you are allowing to view, but I'd guess the agents will be on top of that anyway.
SweptVolume said:
Bit of a thread diversion, but what are people's thoughts on parking a nice car in front of the house in the photos? I always assumed the cars should be shifted because they're not part of the sale, but watching an old Location Location, they actually recommended using the estate agent's Boxster in the photos to present the house and the street better.
I actually offered my Porsche as part of one of the offers as the buyer seemed interested and I needed to sell it, Offer was about 5k off where I wanted to be but he wouldn't come up anymore. jmn said:
Under offer since last October.
Agents reckon my property is now worth considerably more and Purchasers, albeit reluctantly, agree. There really is nothing suitable coming on to the Market at the moment to I have decided to put things on hold until June/.July and I will reappraise the situation then. Property will be revalued at that point.
Why would you put your house on the market if you didn't have somewhere to move to? What's the point? Agents reckon my property is now worth considerably more and Purchasers, albeit reluctantly, agree. There really is nothing suitable coming on to the Market at the moment to I have decided to put things on hold until June/.July and I will reappraise the situation then. Property will be revalued at that point.
(This isn't meant to sound as aggressive as it possibly does)
rah1888 said:
AndyC_123 said:
Why would you put your house on the market if you didn't have somewhere to move to? What's the point?
(This isn't meant to sound as aggressive as it possibly does)
Because until you've got a buyer for the current place it's difficult/impossible to secure the next one.(This isn't meant to sound as aggressive as it possibly does)
It’s a temporary anomaly driven by cash buyers or 2nd home buyers and whatever else.
It won’t last long, and when it does end and the market is replaced by ‘normal’ participants it’s going to contract hard.
Plus stamp duty etc... fun times!
We were told by estate agents we wouldn't be able to view or place an offer without our house being on the market due to covid restrictions - I think they wanted to limit the number of time wasters having a nose around houses.
We accepted an offer in week one but haven't been able to find anything suitable, we're now in week 9. there have only been a couple of properties on the market which have been suitable and in budget, but everything we have been to look at is going for 50-75K over asking, I'm not sure that can be sustainable and i'm not going to pay that much over the odds the fear is the prices just keep going up and i get left behind though. And whilst it's getting a bit frustrating i'm going to try to wait it out for prices to stabilise as our buyer seems patient enough and even if they're not i'm fairly confident it will sell quickly if i stick it on the market again. The emotional half of the relationship isn't quite on message at the moment.
to make matters worse:
The local area is pretty much monopolised by one agency, who we didn't use to sell, their valuation was way off and I didn't warm to them based on their arrogance during the valuation and based on other peoples experiences with them, but now we're up against it as to their guidance to the vendor as to which offer to go with. I'm also aware they delayed putting one house on the market so that they couldn't view/make an offer on a property so that they could complete a chain on their books.
I did ask our estate agent to send details of any properties they were aware of that might be suitable, they sent me a load of details on 3 bedroom semi's and flats with no real scope for development (we're a family of 5) and a nice 4 bedroom detached property that i just happen to have been living in for the past 15 years
There seems to have been a few more houses come on to the market this week so finger crossed a bit more supply will improve help stabilise the market.
We accepted an offer in week one but haven't been able to find anything suitable, we're now in week 9. there have only been a couple of properties on the market which have been suitable and in budget, but everything we have been to look at is going for 50-75K over asking, I'm not sure that can be sustainable and i'm not going to pay that much over the odds the fear is the prices just keep going up and i get left behind though. And whilst it's getting a bit frustrating i'm going to try to wait it out for prices to stabilise as our buyer seems patient enough and even if they're not i'm fairly confident it will sell quickly if i stick it on the market again. The emotional half of the relationship isn't quite on message at the moment.
to make matters worse:
The local area is pretty much monopolised by one agency, who we didn't use to sell, their valuation was way off and I didn't warm to them based on their arrogance during the valuation and based on other peoples experiences with them, but now we're up against it as to their guidance to the vendor as to which offer to go with. I'm also aware they delayed putting one house on the market so that they couldn't view/make an offer on a property so that they could complete a chain on their books.
I did ask our estate agent to send details of any properties they were aware of that might be suitable, they sent me a load of details on 3 bedroom semi's and flats with no real scope for development (we're a family of 5) and a nice 4 bedroom detached property that i just happen to have been living in for the past 15 years
There seems to have been a few more houses come on to the market this week so finger crossed a bit more supply will improve help stabilise the market.
MDUBZ said:
We were told by estate agents we wouldn't be able to view or place an offer without our house being on the market due to covid restrictions - I think they wanted to limit the number of time wasters having a nose around houses.
We accepted an offer in week one but haven't been able to find anything suitable, we're now in week 9. there have only been a couple of properties on the market which have been suitable and in budget, but everything we have been to look at is going for 50-75K over asking, I'm not sure that can be sustainable and i'm not going to pay that much over the odds the fear is the prices just keep going up and i get left behind though. And whilst it's getting a bit frustrating i'm going to try to wait it out for prices to stabilise as our buyer seems patient enough and even if they're not i'm fairly confident it will sell quickly if i stick it on the market again. The emotional half of the relationship isn't quite on message at the moment.
to make matters worse:
The local area is pretty much monopolised by one agency, who we didn't use to sell, their valuation was way off and I didn't warm to them based on their arrogance during the valuation and based on other peoples experiences with them, but now we're up against it as to their guidance to the vendor as to which offer to go with. I'm also aware they delayed putting one house on the market so that they couldn't view/make an offer on a property so that they could complete a chain on their books.
I did ask our estate agent to send details of any properties they were aware of that might be suitable, they sent me a load of details on 3 bedroom semi's and flats with no real scope for development (we're a family of 5) and a nice 4 bedroom detached property that i just happen to have been living in for the past 15 years
There seems to have been a few more houses come on to the market this week so finger crossed a bit more supply will improve help stabilise the market.
All due respect that's the problem with the England and Wales way of doing business. You'll happily lose a sale if you can't find something suitable, potentially costing your buyer to lose thousands, impact their future etc. We accepted an offer in week one but haven't been able to find anything suitable, we're now in week 9. there have only been a couple of properties on the market which have been suitable and in budget, but everything we have been to look at is going for 50-75K over asking, I'm not sure that can be sustainable and i'm not going to pay that much over the odds the fear is the prices just keep going up and i get left behind though. And whilst it's getting a bit frustrating i'm going to try to wait it out for prices to stabilise as our buyer seems patient enough and even if they're not i'm fairly confident it will sell quickly if i stick it on the market again. The emotional half of the relationship isn't quite on message at the moment.
to make matters worse:
The local area is pretty much monopolised by one agency, who we didn't use to sell, their valuation was way off and I didn't warm to them based on their arrogance during the valuation and based on other peoples experiences with them, but now we're up against it as to their guidance to the vendor as to which offer to go with. I'm also aware they delayed putting one house on the market so that they couldn't view/make an offer on a property so that they could complete a chain on their books.
I did ask our estate agent to send details of any properties they were aware of that might be suitable, they sent me a load of details on 3 bedroom semi's and flats with no real scope for development (we're a family of 5) and a nice 4 bedroom detached property that i just happen to have been living in for the past 15 years
There seems to have been a few more houses come on to the market this week so finger crossed a bit more supply will improve help stabilise the market.
Bit dramatic but I think in that scenario if it gets silly time wise the best way is to offer to move to rented, when the right property comes up you can get stuck straight in with an even better position which could earn you the rental money back if they accept a lower offer.
We were buying a 3 bed detached from a couple who lived with son/his wife too so had 4 incomes , they were looking at much bigger and more expensive homes and spent 3 months finding the right one, which they did a week after our buyer pulled out. Interestingly they ended up pulling out of that purchase so dodged a bullet although it didn't seem it at the time.
It obviously isn't possible for everyone but this almost happened to us as we exchanged on our recent sale to ensure that went through and the purchase (chain) took ages.
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