Is anyone moving now?

[Sheepshanks]

I wonder how this is supposed to work? Small new development near us (West Cheshire) 3 bed detached at £430K (certainly not first time buyer level around here):

"Please note, in order to purchase this property you need to be in a position to proceed. Therefore you will either be a first time buyer, have sold subject to contract or be in a non-dependant position.

This property is still under construction. No viewings are available. Construction will be complete approx. spring / summer 2022."

[jamm13dodger]

Sheepshanks said:

I wonder how this is supposed to work? Small new development near us (West Cheshire) 3 bed detached at £430K (certainly not first time buyer level around here):

"Please note, in order to purchase this property you need to be in a position to proceed. Therefore you will either be a first time buyer, have sold subject to contract or be in a non-dependant position.

This property is still under construction. No viewings are available. Construction will be complete approx. spring / summer 2022."

If you are SSTC you will need to have a very patient buyer/chain!

Edited by jamm13dodger on Friday 4th June 08:46

[ooid]

Or sell yours, and get it bought and move into a temp. accommodation until they complete the construction. My colleague has done something on a new build-development in Dulwich, a few years ago. Did very well, buying before the construction completion.

[Mr Whippy]

jamm13dodger said:

Sheepshanks said:

I wonder how this is supposed to work? Small new development near us (West Cheshire) 3 bed detached at £430K (certainly not first time buyer level around here):

"Please note, in order to purchase this property you need to be in a position to proceed. Therefore you will either be a first time buyer, have sold subject to contract or be in a non-dependant position.

This property is still under construction. No viewings are available. Construction will be complete approx. spring / summer 2022."

If you are SSTC you will need to have a very patient buyer/chain!

Edited by jamm13dodger on Friday 4th June 08:46

What I'm interested in, is if the market dips, you could obviously lower your bid or walk.

But what if the market rises more... can they take your reservation agreed price and start pushing higher... you could end up being priced out of the market and completely stuck then (if you'd sold and have cash 'shrinking' in liquid current accounts)

[Sheepshanks]

Mr Whippy said:

But what if the market rises more... can they take your reservation agreed price and start pushing higher... you could end up being priced out of the market and completely stuck then (if you'd sold and have cash 'shrinking' in liquid current accounts)

That a good point. In fact the listing does say "fixed price" - which I took to mean "don't even think about making an offer" but perhaps it's there to reassure people the price won't increase?

It's here: https://www.rightmove.co.uk/properties/108076772?u...

[Fast Bug]

Does anyone remember the Tom Hanks film 'The Money Pit?

Bring it forward to today, and that could be a documentary about me

[AJB88]

So Friday came, I stayed up till 0900 to ring solicitor (on nights 1900-0700), we were supposed to be exchanging either Thursday or Friday, then there was the bloke at the top trying to pull out.

At 0920 called back to say not everybody can do the 11th so 18th is being suggested now which is fine with us. Then the solicitor called me at 1200 and woke me up to say some people want 18th, some want 11th, 1 person wants 2nd July (no chance). At this point I got annoyed with him and said you know were fine for 11th-18th-24th so just make it happen.

1628 tonight, they call to say houses 1-3 are ready to exchange now (were 3) but they cant get hold of 4-5 so will keep pushing for 1700 exchange, anyway they missed 1700 so now it rolls on till Monday. Looks like 18th has been agreed.

Really will be glad when this is all over. now need to arrange with work short notice retraction of annual leave.

[DaffyT4]

We exchanged today, completion 23 June. Huge relief but it's actually been pretty straightforward. Our offer was accepted 5 April so exactly 2 months offer to exchange. We were in the middle of a chain of 3 and only our buyers were mortgaging.

Only concern is the remover we had lined up now says he is unavailable so need to find another....

[wombleh]

We finally moved this week after several years of trying. Found a local removals firm who offered full packing, box supply and move for about half what most of the nationals wanted for just the move. They did a great job too, was very stress free. Worth every penny.

Place was built in the 60s but has been very well maintained until about six months ago so not too much needed, however a lot that it wants so I’ve a big list of jobs to work through and fair few trades lined up. Cats are a bit narked at being shut in!

[k99]

wombleh said:

We finally moved this week after several years of trying. Found a local removals firm who offered full packing, box supply and move for about half what most of the nationals wanted for just the move. They did a great job too, was very stress free. Worth every penny.

Place was built in the 60s but has been very well maintained until about six months ago so not too much needed, however a lot that it wants so I’ve a big list of jobs to work through and fair few trades lined up. Cats are a bit narked at being shut in!

What’s the name of the removals firm? Might come in handy

[wombleh]

k99 said:

What’s the name of the removals firm? Might come in handy

VVP based in Abingdon, good bunch of lads.

Found cracked soil pipe so limited use of one bathroom until it’s fixed and that’s definitely a job that’s beyond me. Bit of a pain but then the house is 60 years old so I’m sure it has more surprises for us!

[Maximus_Meridius101]

DaffyT4 said:

Only concern is the remover we had lined up now says he is unavailable so need to find another....

That’s no issue for me, fortunately. I’m moving from one floor to another floor in the same building

[Lardydah]

We're in a very small (and what should be simple) chain of three. Us (being FTBs), our vendor in the middle and then their vendor at the top who is moving to rented.

We've been ready for a week or so, and we everybody was all set to exchange in this coming week, however on Friday their agent suggests that we should complete on the 30th (with the excuse of our vendors 'only being able to book movers for that day'). Obviously that is a lot of risk, given if something is delayed then both us and our vendors will be on the hook for more SDLT.

Nowhere near as painful as some others in this thread, but I can't believe people are so stupid to risk that much money (and give it to the taxman, nonetheless!) because of 24 hours.

Our offer was accepted 20th of April, so things have moved pretty fast up until now. Nothing is ever easy is it?

[k99]

Lardydah said:

We're in a very small (and what should be simple) chain of three. Us (being FTBs), our vendor in the middle and then their vendor at the top who is moving to rented.

We've been ready for a week or so, and we everybody was all set to exchange in this coming week, however on Friday their agent suggests that we should complete on the 30th (with the excuse of our vendors 'only being able to book movers for that day'). Obviously that is a lot of risk, given if something is delayed then both us and our vendors will be on the hook for more SDLT.

Nowhere near as painful as some others in this thread, but I can't believe people are so stupid to risk that much money (and give it to the taxman, nonetheless!) because of 24 hours.

Our offer was accepted 20th of April, so things have moved pretty fast up until now. Nothing is ever easy is it?

I wouldn’t trust the solicitors to get anything done on time, I’ve known from the professional and very competent to the other extreme.
You’ll also be expecting the banks and others in the chain to do everything on time. Also consider that you are possibly moving on the busiest day ever for completions…
Unless your SDLT is small or you have money to burn, I’d definitely push back.

[Shnozz]

Lardydah said:

We're in a very small (and what should be simple) chain of three. Us (being FTBs), our vendor in the middle and then their vendor at the top who is moving to rented.

We've been ready for a week or so, and we everybody was all set to exchange in this coming week, however on Friday their agent suggests that we should complete on the 30th (with the excuse of our vendors 'only being able to book movers for that day'). Obviously that is a lot of risk, given if something is delayed then both us and our vendors will be on the hook for more SDLT.

Nowhere near as painful as some others in this thread, but I can't believe people are so stupid to risk that much money (and give it to the taxman, nonetheless!) because of 24 hours.

Our offer was accepted 20th of April, so things have moved pretty fast up until now. Nothing is ever easy is it?

What are you paying for the house?

[AJB88]

Hopefully finally exchanging tomorrow.

[CharliesTTS]

Valuation last Tuesday..mortgage offer late Friday..exchange asap this week..aiming for the 18th for completion..only 2 of us in the chain and both want the same outcome!

[Rob.]

Went to a viewing on Saturday. Rightmove listing had no photos, no info other than it was a 3 bed semi in the area we're looking for. Thought that was a bit cheeky, but we chanced it anyway.

House was identical in plan to one we'd recently offered on, but £30k more expensive. Only it had a smaller garden , no extension, no garden office, worse decor and was really dirty!

fk I hate estate agents 🤮

[Sporky]

Rob. said:

House was identical in plan to one we'd recently offered on, but £30k more expensive. Only it had a smaller garden , no extension, no garden office, worse decor and was really dirty!

A bit like our sale; most of the houses on the estate are built to the same pattern (or mirrored). We had a huge garden room, but in need of updating. There were others for sale at the same time with more recent redecoration, or a slightly bigger garden, or various other differences. We listed £25k higher than the others and still got a buyer - sale price about £10k higher. The EA's view was that the others were listed too cheap and they could have had more; our experience suggests he was right. We had a few viewers who weren't willing to redecorate and wanted a show home look (in a 1950s semi), but there were a few who understood what they were actually buying.

[kiethton]

Having the photographers around this afternoon to do our 2 bed flat in Zone 4 London after spending the last 3 weeks tidying up all the odd jobs that have accumulated in the 4 years since we fully refurbished it - looks nearly new now (although the building is a good 50 years old). Lets just hope all goes well!