Is anyone moving now?
Discussion
I’m noticing a real lack of suitable properties coming to market for me.. since accepting an offer on our place 2 weeks ago I am struggling to find anything that is a suitable step up. The majority of property around my way West Sussex is in need of quite a lot of work which I’m not sure I want to do at the minute with a 2 year old. There seem to be a lot of 500k houses cropping up that I don’t feel warrant the price.
Exactly the same for us. We accepted an offer a few weeks ago. Since then, we have looked at a few, mostly crap.
A probate house has come up that needs fully doing up. Stair lift, pissy carpets etc, semi detached 100m2 and £700k.
Seems very little about where we are looking, and what's available seems low quality and over priced!.
We are moving location as well, so its a right pain to look at anything that comes up!
A probate house has come up that needs fully doing up. Stair lift, pissy carpets etc, semi detached 100m2 and £700k.
Seems very little about where we are looking, and what's available seems low quality and over priced!.
We are moving location as well, so its a right pain to look at anything that comes up!
Jcwjosh said:
I’m noticing a real lack of suitable properties coming to market for me.. since accepting an offer on our place 2 weeks ago I am struggling to find anything that is a suitable step up. The majority of property around my way West Sussex is in need of quite a lot of work which I’m not sure I want to do at the minute with a 2 year old. There seem to be a lot of 500k houses cropping up that I don’t feel warrant the price.
Where abouts in West Sussex are you? We're in Findon and I can't believe how poor the stock is yet it sells for big overs very quickly. £800k for 3 bedrooms in the right location. Or £700k if it's granified but you need more than £100k to make it decent. Bing influx of money from Surrey, Brighton and London. People downgrading from £2m plus properties has shifted price points. Good if you own, terrible if you don't. nickfrog said:
Where abouts in West Sussex are you? We're in Findon and I can't believe how poor the stock is yet it sells for big overs very quickly. £800k for 3 bedrooms in the right location. Or £700k if it's granified but you need more than £100k to make it decent. Bing influx of money from Surrey, Brighton and London. People downgrading from £2m plus properties has shifted price points. Good if you own, terrible if you don't.
I doubt it is really that as much as it is people just leaving small terraces/flats in London.I know personally two people that have sold up 2 bed flats and then gone and spend upto a million quid in places like sussex.
okgo said:
I doubt it is really that as much as it is people just leaving small terraces/flats in London.
Yes sure that is that as well. But no idea in which proportions to be fair. Either way Sussex prices in prime locations have seen huge increases over the past 3 years, probably 30% to 40% and there is seemingly no end in sight such is demand and given how poor / scarce supply is. nickfrog said:
Where abouts in West Sussex are you? We're in Findon and I can't believe how poor the stock is yet it sells for big overs very quickly. £800k for 3 bedrooms in the right location. Or £700k if it's granified but you need more than £100k to make it decent. Bing influx of money from Surrey, Brighton and London. People downgrading from £2m plus properties has shifted price points. Good if you own, terrible if you don't.
Likewise, I'm in Ferring. Our place is on the market with a dribble of viewings (TBH, I can't justify the asking price for it as I wouldn't pay that for it now but it's all relative) but we can't find anything to upgrade to that isn't a bit of a shambles for circa £650k in the area as the next step up in house would be circa £700k+ to keep the kids in their current school which we want to do. Very tempted just to stay put. We were only moving due to needing something bigger.
okgo said:
Was this all not quite obvious though? Did you not monitor the market at all before you put your houses on for sale?
You'd surely want to be looking very regularly ahead of listing your own house just to see if its actually even feasible I'd have thought?
Im moving for work, so timing is a bit out of our control. You also dont really know what will happen, or what might come up until you try. Sometimes, people just need to move, whatever the market conditions are. You'd surely want to be looking very regularly ahead of listing your own house just to see if its actually even feasible I'd have thought?
We don't really want another doer upper as we have a 2 year old as well, but we will probably accept one if we can pay an acceptable price.
okgo said:
Was this all not quite obvious though? Did you not monitor the market at all before you put your houses on for sale?
You'd surely want to be looking very regularly ahead of listing your own house just to see if its actually even feasible I'd have thought?
I would echo what Cornish Rob is saying.. i have to move because i need more space, i also have a 2 year old. I also have a healthier income now which means a move is possible.You'd surely want to be looking very regularly ahead of listing your own house just to see if its actually even feasible I'd have thought?
I have been following the local market for the last 2 years prior to putting ours up for sale.
There were good quality homes at a fairly reasonable price on the market around 1-2 months ago. At the moment not as much is coming on and most of it needs a lot of work.
skwdenyer said:
Hmm, I thought it was always about a 30% failure rate at any time, so 1 in 5 would mean fewer are collapsing?I’ve just completed and to be honest feel a bit overwhelmed as the whole way through I was expecting it to go wrong! In the end I feel I had a easy going buyer and I was an easy going seller - both with good conveyancers (mine was amazing). I accepted the offer on the 19th May and 64 days later it went through by 10am. The purchaser was kind enough to send a case of wine to me, and I left a bottle of bubbly for him with a card detailing all the little things about the house.
Just to add - I was prepared to move out before my new place is ready, which obviously helps… but I’m now homeless
Just to add - I was prepared to move out before my new place is ready, which obviously helps… but I’m now homeless
So we went for round 5 and 6 of trying to exchange on Tuesday and Wednesday. Between our seller and I, we finally worked out the chain and where it was getting stuck. Took us a day of both of us calling and emailing across the massive chain.
The completion date in September has been forced by our buyer, but at least it is a date.
Come Wednesday and we get a call from the our agent to say that the top of the chain (who is relocating to Spain) has now refused to exchange as he has decided that he is going to go on holiday to Spain for a month and he is looking to complete towards the end of September / beginning of October and he now wants a few weeks to consider his position.
Last week he was screaming blue murder to exchange. I do wonder if some sort of deal he had in Spain has fallen through?
Anyhow between us and our seller, we forced the issue and said that we would not accept this and our sellers would be pulling out of their onward purchase and it was up to those above us as to whether they wanted to stay in and break the chain earlier?
The top refused to budge and the party below capitulated and broke the chain, so we finally exchanged yesterday! Completion is in first week of September.
That will be 11 months from engaging the estate agent to completion... Now fingers crossed for the time between now and then..
The completion date in September has been forced by our buyer, but at least it is a date.
Come Wednesday and we get a call from the our agent to say that the top of the chain (who is relocating to Spain) has now refused to exchange as he has decided that he is going to go on holiday to Spain for a month and he is looking to complete towards the end of September / beginning of October and he now wants a few weeks to consider his position.
Last week he was screaming blue murder to exchange. I do wonder if some sort of deal he had in Spain has fallen through?
Anyhow between us and our seller, we forced the issue and said that we would not accept this and our sellers would be pulling out of their onward purchase and it was up to those above us as to whether they wanted to stay in and break the chain earlier?
The top refused to budge and the party below capitulated and broke the chain, so we finally exchanged yesterday! Completion is in first week of September.
That will be 11 months from engaging the estate agent to completion... Now fingers crossed for the time between now and then..
We were talking the other day about gazumping, gazundering, etc. Thought this might be of interest:
https://www.rightmove.co.uk/properties/123573866?u...
Was originally listed at £525k. Now showing reduced to £500k. Agent states "This property has an offer accepted subject to contract but is still currently available to view."
Wondering what peoples views of that type of behaviour are!
https://www.rightmove.co.uk/properties/123573866?u...
Was originally listed at £525k. Now showing reduced to £500k. Agent states "This property has an offer accepted subject to contract but is still currently available to view."
Wondering what peoples views of that type of behaviour are!
skwdenyer said:
We were talking the other day about gazumping, gazundering, etc. Thought this might be of interest:
https://www.rightmove.co.uk/properties/123573866?u...
Was originally listed at £525k. Now showing reduced to £500k. Agent states "This property has an offer accepted subject to contract but is still currently available to view."
Wondering what peoples views of that type of behaviour are!
Rather than gazumping, this is probably down to an offer being accepted and the potential buyer dragging their heels on getting the right documents etc. in place. Could be that they have offered on a number of properties and hedging their bets. https://www.rightmove.co.uk/properties/123573866?u...
Was originally listed at £525k. Now showing reduced to £500k. Agent states "This property has an offer accepted subject to contract but is still currently available to view."
Wondering what peoples views of that type of behaviour are!
We had this with the place we are buying and another place we looked at. The agent was very open and said that the seller had instructed to go back to market as the buyer was messing them around.
skwdenyer said:
We were talking the other day about gazumping, gazundering, etc. Thought this might be of interest:
https://www.rightmove.co.uk/properties/123573866?u...
Was originally listed at £525k. Now showing reduced to £500k. Agent states "This property has an offer accepted subject to contract but is still currently available to view."
Wondering what peoples views of that type of behaviour are!
That’s a lovely pile of bricks ! Very very nicehttps://www.rightmove.co.uk/properties/123573866?u...
Was originally listed at £525k. Now showing reduced to £500k. Agent states "This property has an offer accepted subject to contract but is still currently available to view."
Wondering what peoples views of that type of behaviour are!
Personally I wouldn’t do it unless I really really wanted the place, kids family relocation ect.
Either the EA has overcommitted to the seller on what they think they can get or are not confident about the buyer, or the seller just wants to try and get more, either way it’s on the market for viewings so go and see it it’s fair game I suppose.
Krise
Edited by Krise on Friday 22 July 13:14
Krise said:
skwdenyer said:
We were talking the other day about gazumping, gazundering, etc. Thought this might be of interest:
https://www.rightmove.co.uk/properties/123573866?u...
Was originally listed at £525k. Now showing reduced to £500k. Agent states "This property has an offer accepted subject to contract but is still currently available to view."
Wondering what peoples views of that type of behaviour are!
That’s a lovely pile of bricks ! Very very nicehttps://www.rightmove.co.uk/properties/123573866?u...
Was originally listed at £525k. Now showing reduced to £500k. Agent states "This property has an offer accepted subject to contract but is still currently available to view."
Wondering what peoples views of that type of behaviour are!
Personally I wouldn’t do it unless I really really wanted the place, kids family relocation ect.
Either the EA has overcommitted to the seller on what they think they can get or are not confident about the buyer, or the seller just wants to try and get more, either way it’s on the market for viewings so go and see it it’s fair game I suppose.
Krise
Edited by Krise on Friday 22 July 13:14
Ok, maybe my comment about having good conveyancers has come back to bite me on the backside.
Vendor has decided he wants to exchange ASAP, which is no issue for us. So we get all of the final paperwork completed, and the solicitor asks me to transfer the deposit. I remind her, for the tenth time, that part of the deposit is coming from equity in our current place.
She immediately panics. Brilliant.
Vendor has decided he wants to exchange ASAP, which is no issue for us. So we get all of the final paperwork completed, and the solicitor asks me to transfer the deposit. I remind her, for the tenth time, that part of the deposit is coming from equity in our current place.
She immediately panics. Brilliant.
talksthetorque said:
Krise said:
skwdenyer said:
We were talking the other day about gazumping, gazundering, etc. Thought this might be of interest:
https://www.rightmove.co.uk/properties/123573866?u...
Was originally listed at £525k. Now showing reduced to £500k. Agent states "This property has an offer accepted subject to contract but is still currently available to view."
Wondering what peoples views of that type of behaviour are!
That’s a lovely pile of bricks ! Very very nicehttps://www.rightmove.co.uk/properties/123573866?u...
Was originally listed at £525k. Now showing reduced to £500k. Agent states "This property has an offer accepted subject to contract but is still currently available to view."
Wondering what peoples views of that type of behaviour are!
Personally I wouldn’t do it unless I really really wanted the place, kids family relocation ect.
Either the EA has overcommitted to the seller on what they think they can get or are not confident about the buyer, or the seller just wants to try and get more, either way it’s on the market for viewings so go and see it it’s fair game I suppose.
Krise
Edited by Krise on Friday 22 July 13:14
Otherwise it was a flaky offer to buy in the first place and you don't care that you will not get the property.
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