Is anyone moving now?
Discussion
Similar story here. Sold STC 6 months ago, three weeks til exchange and yesterday afternoon chain collapses!
The sellers of the house I have bought, hopefully are still OK. My house back on the market, last night; three viewings today and a speculative we'll just pop around to view just now. I do hate it when they do that but needs must etc.
House priced at same price as before, which is now below market value. Just hoping the house I have bought doesn't go up. PS downsizing.
Estate agents have been fantastic, no b
hing about up front payments or making my existence any more difficult. Only frustration is solicitors will want more money.
The sellers of the house I have bought, hopefully are still OK. My house back on the market, last night; three viewings today and a speculative we'll just pop around to view just now. I do hate it when they do that but needs must etc.
House priced at same price as before, which is now below market value. Just hoping the house I have bought doesn't go up. PS downsizing.
Estate agents have been fantastic, no b
hing about up front payments or making my existence any more difficult. Only frustration is solicitors will want more money.anonymous said:
[redacted]
It's a bit annoying. The agent we have has been good, experienced, sensible. They've been doing this a long time I trusted their judgement. I can even see it from their point of view - it's a lot of work to put in if you don't get paid at the end of it.
But I don't see why I should do something different with them than any other agent. They've even tried to claim that other agents would be reluctant to take us on if they knew the history of the last year.....!
The agent we are buying from seems OK so I could use them. I don't want to spook the people we are buying from though if I inform them that we don't have a buyer after all.......
Bah, I just want to buy a frickin' house.....it shouldn't be this difficult
Muzzer79 said:
The agent we are buying from seems OK so I could use them. I don't want to spook the people we are buying from though if I inform them that we don't have a buyer after all.......
Bah, I just want to buy a frickin' house.....it shouldn't be this difficult
Speaking from my own experience, unless you're trying to sell a caravan with a missing wheel, you'll sell your property in no time at all. I'd just relist it with someone new, and get 'er gone. You'll be back in a decent position in no time and can carry on waiting for the top of the chain. Bah, I just want to buy a frickin' house.....it shouldn't be this difficult
Muzzer79 said:
After over a year as Sold STC, where we have had a chain collapse and then spent 6 months waiting for an upper chain to find a property, our buyer is about to pull out.
This is not unexpected - it's been over a year after all - they can't wait any more.
So, we need to re-market. This should (theoretically) not be an issue - there are no similar properties for sale in our (v. desirable) town. We will not chase the highest price.
We have an offer on a property and are waiting for the upper chain to close (again)
However, our agent has told us that they will only re-market for us if we pay their fees up front or find another way to share the risk. Basically, they want to ensure they get paid.
This seems unusual to me......I'm inclined to find someone else, frankly.
Where are you based Muzzer ?This is not unexpected - it's been over a year after all - they can't wait any more.
So, we need to re-market. This should (theoretically) not be an issue - there are no similar properties for sale in our (v. desirable) town. We will not chase the highest price.
We have an offer on a property and are waiting for the upper chain to close (again)
However, our agent has told us that they will only re-market for us if we pay their fees up front or find another way to share the risk. Basically, they want to ensure they get paid.
This seems unusual to me......I'm inclined to find someone else, frankly.
SBF said:
Muzzer79 said:
The agent we are buying from seems OK so I could use them. I don't want to spook the people we are buying from though if I inform them that we don't have a buyer after all.......
Bah, I just want to buy a frickin' house.....it shouldn't be this difficult
Speaking from my own experience, unless you're trying to sell a caravan with a missing wheel, you'll sell your property in no time at all. I'd just relist it with someone new, and get 'er gone. You'll be back in a decent position in no time and can carry on waiting for the top of the chain. Bah, I just want to buy a frickin' house.....it shouldn't be this difficult
Interestingly on another thread someone said mortgage approvals are lower than they have been since 2018. Which implies those poor overworked conveyancers should have a lot more capacity to progress their cases. Ha.
anonymous said:
[redacted]
We still are - but if the sale of Andrewsfield aerodrome goes ahead to developers and the prison plans for Wethersfield get passed and the relentless continuing expansion of Dunmow and Braintree spreads northward then I do wonder how much longer that'll be the case.Still - It's way better here on the Suffolk border than the ghastly middle of this most refined and charming of counties where we used to live .
It appears there is some sort of Bermuda Triangle that snaffles up solicitors. I had confirmation from mine yesterday morning that we were in a position to exchange and made the naïve assumption that all was well.
Late yesterday afternoon I have a phone call from a fairly agitated agent saying that all other parties in the chain are ready to exchange, but they have heard nothing from my solicitor all day. As we're at the bottom of the chain, the exchange needs to be initiated by us so quite rightly our sellers are getting concerned as we're meant to be completing on Monday. It's not unreasonable to be able to complete the exchange today and still complete on schedule, but it's all starting to get a bit squeaky.
Late yesterday afternoon I have a phone call from a fairly agitated agent saying that all other parties in the chain are ready to exchange, but they have heard nothing from my solicitor all day. As we're at the bottom of the chain, the exchange needs to be initiated by us so quite rightly our sellers are getting concerned as we're meant to be completing on Monday. It's not unreasonable to be able to complete the exchange today and still complete on schedule, but it's all starting to get a bit squeaky.
Jaguar steve said:
We still are - but if the sale of Andrewsfield aerodrome goes ahead to developers and the prison plans for Wethersfield get passed and the relentless continuing expansion of Dunmow and Braintree spreads northward then I do wonder how much longer that'll be the case.
Still - It's way better here on the Suffolk border than the ghastly middle of this most refined and charming of counties where we used to live .
Steve, do you live on the Suffolk coast ? Still - It's way better here on the Suffolk border than the ghastly middle of this most refined and charming of counties where we used to live .
Sycamore said:
Out of interest, how does the Rightmove sales history update/gather its' data?
I noticed that the house we completed on in October 2021 hasn't shown, yet houses which have completed later than that in our street have shown.
Land Registry primarily. It’s very slow to update these days because they’re very slow. I noticed that the house we completed on in October 2021 hasn't shown, yet houses which have completed later than that in our street have shown.
You can search for your property on their website and see if it states the price sold there (I’m guessing not)
Toaster Pilot said:
Sycamore said:
Out of interest, how does the Rightmove sales history update/gather its' data?
I noticed that the house we completed on in October 2021 hasn't shown, yet houses which have completed later than that in our street have shown.
Land Registry primarily. It’s very slow to update these days because they’re very slow. I noticed that the house we completed on in October 2021 hasn't shown, yet houses which have completed later than that in our street have shown.
You can search for your property on their website and see if it states the price sold there (I’m guessing not)
fesuvious said:
This is where you wonder is parties higher up even know that Monday is an option.....I've seen that thousands of times.
If higher up parties have full scale moves to organise then they're either committed to moving with deposits paid to movers or they know nothing.....or you don't have a chain above?
The chain is very short. We have no chain and the place our sellers are moving to is no chain as well. Everyone is ready to go, it's just that my solicitor has disappeared off the face of the earth. I've just had a text from our seller saying 'hopefully today will be the day' so they are clearly wanting to get this over the line. Our agent has sent an email to the solicitor cc'ing all parties involved asking if we are actually going to exchange today - but of course no response yet...If higher up parties have full scale moves to organise then they're either committed to moving with deposits paid to movers or they know nothing.....or you don't have a chain above?
fesuvious said:
Just FYI your chain length is smack on average, 4.
(Assuming you're selling your place)
We're not selling so chain of only 3. Even with it being that simple there have been multiple delays due to additional searches and enquiries needing to be resubmitted.(Assuming you're selling your place)
In any case, I've had calls from both the elusive solicitor and the agent confirming that all parties have exchanged and completion will be at 12pm Monday.
Time for a beer!
Exchanged today on a second property after agreeing purchase 14th Feb taking over the purchase using solicitors who'd already completed the searches. Completing end of month. No chain, no mortgage on the property.
Much of the delay attributable to the ineptness of the conveyancer/solicitor concerned.
Not sure if it'll be a celebratory sparkling or a drown-the-sorrows whisky tonight.
Much of the delay attributable to the ineptness of the conveyancer/solicitor concerned.
Not sure if it'll be a celebratory sparkling or a drown-the-sorrows whisky tonight.
Chris Type R said:
Exchanged today on a second property after agreeing purchase 14th Feb taking over the purchase using solicitors who'd already completed the searches. Completing end of month. No chain, no mortgage on the property.
Much of the delay attributable to the ineptness of the conveyancer/solicitor concerned.
Not sure if it'll be a celebratory sparkling or a drown-the-sorrows whisky tonight.
That's a pretty impressive amount of time for the conveyancer to have been sitting on their hands. I always thought their usual excuse was "waiting for searches", followed by "waiting for reply to enquiries".Much of the delay attributable to the ineptness of the conveyancer/solicitor concerned.
Not sure if it'll be a celebratory sparkling or a drown-the-sorrows whisky tonight.
With only one of those excuses to deploy, and zero chain co-ordination to do, I'm impressed they managed to string it out so long. Must have taken real dedication.
Flooble said:
That's a pretty impressive amount of time for the conveyancer to have been sitting on their hands. I always thought their usual excuse was "waiting for searches", followed by "waiting for reply to enquiries".
With only one of those excuses to deploy, and zero chain co-ordination to do, I'm impressed they managed to string it out so long. Must have taken real dedication.
It took quite some time to solve a problem that ultimately did not need a solution. Mistake upon assumption and repeat. Worst experience I've ever had of conveyancing & we're not out of the woods yet.With only one of those excuses to deploy, and zero chain co-ordination to do, I'm impressed they managed to string it out so long. Must have taken real dedication.
Chris Type R said:
Flooble said:
That's a pretty impressive amount of time for the conveyancer to have been sitting on their hands. I always thought their usual excuse was "waiting for searches", followed by "waiting for reply to enquiries".
With only one of those excuses to deploy, and zero chain co-ordination to do, I'm impressed they managed to string it out so long. Must have taken real dedication.
It took quite some time to solve a problem that ultimately did not need a solution. Mistake upon assumption and repeat. Worst experience I've ever had of conveyancing & we're not out of the woods yet.With only one of those excuses to deploy, and zero chain co-ordination to do, I'm impressed they managed to string it out so long. Must have taken real dedication.
So by way of update, just because I need to vent, our buyer went back to his wife and her priest to try and negotiate a completion by the end of the month, when his mortgage is up, two weeks ago.
We made the decision to go direct back to market with our agent. I have to say they were great, we were back online within an hour of instruction and 2 hours later we had viewings booked for the next afternoon. We then had a full day of viewings booked for the jubilee Saturday
We had a low ball offer off the first viewing, a bit too low for us to make do, but we pressed on.
Due to cost of living etc. Prices have taken a little bit of a hit, especially as we need to move fast, to keep the massive chain of 8 alive now.
Post jubilee we had two offers, a bit higher, we can make it work, but it will require some serious re-budgeting, one from someone who is experience and another from a first time buyer, our agent went to "best and final". We opted to go with the more experienced buyer, who has suggested to use the existing solicitors and take over the purchase. This is great in principal, but they solicitors are beyond st.
Two days later, the first time buyer drops another offer, which puts us back in our comfort zone financially, but we have opted to take the hit on the price, and have said we need someone to move fast.
At this point our original buyer asked if it was possible to complete the next day (the lucky day) and when we said no, he was forced to withdraw.
We went direct to our vendors to tell them, the situation, without the lying estate agent being involved and as a gesture of goodwill, they came down a little on price. Due to deposits etc, it doesn't help much, but they did not need to do it.
Interestingly they have still not been informed by their agent that we have changed buyers and have to start conveyancing again..
Will it go through? Who knows, we have 11 weeks left on our mortgage, the chain above still has 2 purchases incomplete...
We made the decision to go direct back to market with our agent. I have to say they were great, we were back online within an hour of instruction and 2 hours later we had viewings booked for the next afternoon. We then had a full day of viewings booked for the jubilee Saturday
We had a low ball offer off the first viewing, a bit too low for us to make do, but we pressed on.
Due to cost of living etc. Prices have taken a little bit of a hit, especially as we need to move fast, to keep the massive chain of 8 alive now.
Post jubilee we had two offers, a bit higher, we can make it work, but it will require some serious re-budgeting, one from someone who is experience and another from a first time buyer, our agent went to "best and final". We opted to go with the more experienced buyer, who has suggested to use the existing solicitors and take over the purchase. This is great in principal, but they solicitors are beyond s
t.Two days later, the first time buyer drops another offer, which puts us back in our comfort zone financially, but we have opted to take the hit on the price, and have said we need someone to move fast.
At this point our original buyer asked if it was possible to complete the next day (the lucky day) and when we said no, he was forced to withdraw.
We went direct to our vendors to tell them, the situation, without the lying estate agent being involved and as a gesture of goodwill, they came down a little on price. Due to deposits etc, it doesn't help much, but they did not need to do it.
Interestingly they have still not been informed by their agent that we have changed buyers and have to start conveyancing again..
Will it go through? Who knows, we have 11 weeks left on our mortgage, the chain above still has 2 purchases incomplete...
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