Is anyone moving now?

Author
Discussion

thetapeworm

11,219 posts

239 months

Wednesday 9th June 2021
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Frik said:
Has anyone here had any success with a mail drop? We've got a pretty good idea where we want to move to but nothing much is coming up there. Was think of making up 100 or so postcards and dropping through letterboxes.

Any tips welcome. Preferably ones that would avoid pissing off our potential future neighbours before we get there!
Not something I've done myself but we get regular postcards from local estate agents asking if we've thought about putting our house on the market.

I don't see why a "are you thinking about selling your house in the near future? If so please contact Frik, a hassle free, ready to buy, house enthusiast" note would upset anyone until you tell them how much you think their house is worth vs how much they do smile

kiethton

13,891 posts

180 months

Wednesday 9th June 2021
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Things seem to be hotting up, even in London

Our flat hit Rightmove just before lunchtime today - already got 10 viewings booked for Friday/Saturday

Brainpox

4,055 posts

151 months

Wednesday 9th June 2021
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kiethton said:
Things seem to be hotting up, even in London

Our flat hit Rightmove just before lunchtime today - already got 10 viewings booked for Friday/Saturday
That's good. All the news is saying people aren't interested in flats anymore. I suppose London would be a reasonable exception.

kiethton

13,891 posts

180 months

Wednesday 9th June 2021
quotequote all
Brainpox said:
kiethton said:
Things seem to be hotting up, even in London

Our flat hit Rightmove just before lunchtime today - already got 10 viewings booked for Friday/Saturday
That's good. All the news is saying people aren't interested in flats anymore. I suppose London would be a reasonable exception.
Now at 12, yes - we have taken the strategy at advertising offers over (and hope to get over) - advertised £25k below mortgage value and I've spent the last 4 weeks giving everything a touch-up.

The Avenue Beckenham BR3
https://www.rightmove.co.uk/property-for-sale/prop...



C Lee Farquar

4,067 posts

216 months

Wednesday 9th June 2021
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kiethton said:
advertised £25k below mortgage value
Is that the perceived value you'd expect a mortgage valuer to put on it? It's not phrase I've come across before.

kiethton

13,891 posts

180 months

Wednesday 9th June 2021
quotequote all
C Lee Farquar said:
kiethton said:
advertised £25k below mortgage value
Is that the perceived value you'd expect a mortgage valuer to put on it? It's not phrase I've come across before.
The valuation my bank has for the mortgage - got me onto a lower LTV band without pushback

surveyor

17,809 posts

184 months

Wednesday 9th June 2021
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I don’t understand why the market is still overheated. Anything selling now requiring a mortgage has not a cat in hells chance of completing before 30th of June. Although my LinkedIn feed is full of solicitors complaining about nutty clients with unrealistic expectations.

Best one to date was the purchaser with a valuation date in July, pushing to complete in June..

ooid

4,078 posts

100 months

Wednesday 9th June 2021
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kiethton said:
Now at 12, yes - we have taken the strategy at advertising offers over (and hope to get over) - advertised £25k below mortgage value and I've spent the last 4 weeks giving everything a touch-up.

The Avenue Beckenham BR3
https://www.rightmove.co.uk/property-for-sale/prop...
Looking great, ticking all the boxes (garage, share of freehold, area...)

good luck!

BigBen

11,634 posts

230 months

Wednesday 9th June 2021
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I have been trying to move for a while now.

i) The mortgage company changed their mind on the place I was hoping to buy due to some cracks in the wall (our surveyor was confident it wasn't progressive subsidence but suggested the vendor lodge an insurance claim just in case so low risk to lender but its their money so whatever)

ii) Buyer of my place (actually second set of buyers) dropped out yesterday. Back on the market today and already one asking price offer, asking price is higher than earlier in the year.

Very little coming to market in the area I am looking to move to so will likely end up in rented, moving to a cheaper area so quite relaxed about it.

Ben

RizzoTheRat

25,135 posts

192 months

Thursday 10th June 2021
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Woohoo, offer accepted on the place where they're not moving out until 1 Jan, which possibly means we've paid a bit too much as it's the amount we were going to offer before we found out how long it would be, but st happens.

Now need to drag my heels a bit with the mortgage as the cheaper rate one is only valid for 6 months, so don't want it approved until 1 July, although it's only 0.1% so not the end of the world.

(slightly different system here where you don't arrange the mortgage until after you have an offer accepted, rather than the UK system of getting an approval in principal)

JeffreyD

6,155 posts

40 months

Thursday 10th June 2021
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Having had a mortgage valuation survey weeks ago (all ok) our buyers have also instructed a full structural survey or so they told us.

So we've now go a bloke wandering round the fields who says he needs to come into each room but isn't insured to go up ladders and won't be going into the loft.

Hope they got a good price.

littlebasher

3,775 posts

171 months

Thursday 10th June 2021
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God,,,,everything happening so slowly

Offer accepted on the 14th Feb and it's still ongoing

Along with way, the 'bottom' of the chain, changed from being a cash buyer to needing a mortgage. Oh, and they're not the bottom of the chain now either, there's another family below them.

All news to me, the estate agent found that our last week.

Well, they have another 3 weeks to get things wrapped up or its going to cost them a shed load more money.

AJB88

12,384 posts

171 months

Thursday 10th June 2021
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littlebasher said:
God,,,,everything happening so slowly

Offer accepted on the 14th Feb and it's still ongoing

Along with way, the 'bottom' of the chain, changed from being a cash buyer to needing a mortgage. Oh, and they're not the bottom of the chain now either, there's another family below them.

All news to me, the estate agent found that our last week.

Well, they have another 3 weeks to get things wrapped up or its going to cost them a shed load more money.
Sounds like ours, We accepted an offer on ours in Jan, We had an offer accepted on the place were buying on 14th Feb as well. Finally due to complete next Friday.

Guy buying ours was a "cash buyer with nothing to sell" turns out he had got something to sell.

ajap1979

8,014 posts

187 months

Thursday 10th June 2021
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Plan to exchange contracts tomorrow has gone tits up. We're apparently waiting for some planning certificates to come through that haven't. Honestly can't wait to put the last 7 months behind us.

HRL

3,335 posts

219 months

Thursday 10th June 2021
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ajap1979 said:
Plan to exchange contracts tomorrow has gone tits up. We're apparently waiting for some planning certificates to come through that haven't. Honestly can't wait to put the last 7 months behind us.
Take out an indemnity policy and be done with it.

We have just in the past 30 mins exchanged which is lucky as the removers are arriving on Tuesday as that’s the completion date.

I’ve managed to sell 3 properties and buy a lovely home in Devon but it’s taken us 6 months to get to this point. Literally completed on the second sale at 11:30am this morning. Couldn’t have cut it any closer to the wire if we’d tried but I now feel like a massive weight has been lifted off of my shoulders. So much so I may actually sleep tonight.

Been a bit of a nightmare and with hindsight I would never have tried selling 3 and buying 1 simultaneously, and never will again fortunately!

Maximus_Meridius101

1,222 posts

37 months

Thursday 10th June 2021
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surveyor said:
I don’t understand why the market is still overheated. Anything selling now requiring a mortgage has not a cat in hells chance of completing before 30th of June. Although my LinkedIn feed is full of solicitors complaining about nutty clients with unrealistic expectations.

Best one to date was the purchaser with a valuation date in July, pushing to complete in June..
It’s not ‘overheated’ so much as completely on fire right now. There are 1990s levels of over optimism going on. However it seems to be segment specific. A 3 bed semi in Devon is going to be an interesting proposition, but a 1 bed flat in Shorpe, may not be such a hot potato.

Maximus_Meridius101

1,222 posts

37 months

Thursday 10th June 2021
quotequote all
littlebasher said:
God,,,,everything happening so slowly

Offer accepted on the 14th Feb and it's still ongoing

Along with way, the 'bottom' of the chain, changed from being a cash buyer to needing a mortgage. Oh, and they're not the bottom of the chain now either, there's another family below them.

All news to me, the estate agent found that our last week.

Well, they have another 3 weeks to get things wrapped up or its going to cost them a shed load more money.
The conveyancing companies are overloaded at present. Some of their staff are doing ridiculous hours just to tread water. I can’t remember a situation like this.

Lardydah

332 posts

205 months

Thursday 10th June 2021
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Shnozz said:
What are you paying for the house?
Sorry for the slow reply, just noticed this, but it's ~700k so we'd be on the line for 12.5k of SDLT - a crazy amount to risk for the sake of 24 hours in my opinion!

ajap1979

8,014 posts

187 months

Thursday 10th June 2021
quotequote all
HRL said:
ajap1979 said:
Plan to exchange contracts tomorrow has gone tits up. We're apparently waiting for some planning certificates to come through that haven't. Honestly can't wait to put the last 7 months behind us.
Take out an indemnity policy and be done with it.
It’s planning sign off on the conversion of a listed building. The bank won’t take an indemnity on that.

Maximus_Meridius101

1,222 posts

37 months

Thursday 10th June 2021
quotequote all
fesuvious said:
...........and they're about to run up against their clients finding that all movers are long since booked and there aren't enough hire vans available.
Ohhh yes.