Is anyone moving now?
Discussion
normalbloke said:
beambeam1 said:
We have effectively sold the house! I'll believe it when keys are handed over but went to market last Friday, accepted an offer this afternoon.
It was the preferred buyers too, they felt much better placed than others financially and had a look at the property twice before proceeding.
Unfortunately, you’re still quite a way off from selling your house, the process has just started. I wish you well on the next 3 months of utter tedium.It was the preferred buyers too, they felt much better placed than others financially and had a look at the property twice before proceeding.
Shnozz said:
normalbloke said:
beambeam1 said:
We have effectively sold the house! I'll believe it when keys are handed over but went to market last Friday, accepted an offer this afternoon.
It was the preferred buyers too, they felt much better placed than others financially and had a look at the property twice before proceeding.
Unfortunately, you’re still quite a way off from selling your house, the process has just started. I wish you well on the next 3 months of utter tedium.It was the preferred buyers too, they felt much better placed than others financially and had a look at the property twice before proceeding.
Shnozz said:
Only because you say you have effectively sold the house.
My own view is that the acceptance of an offer either as buyer or seller means I have probably 20% more likelihood of getting over the finish line.
Agree with that. My own view is that the acceptance of an offer either as buyer or seller means I have probably 20% more likelihood of getting over the finish line.
‘Sold’ is Completion, and money in the bank.
7 weeks to get the mortgage offer sounds an awful long time to me, I’d be pushing for a decent response.
beanoir78 said:
‘Sold’ is Completion, and money in the bank.
You should be pretty safe after Exchange, although the OP has experienced someone croaking at that point and some friends of ours had their buyer, a divorcing single bloke, have a mental breakdown and get committed before Completion.Sheepshanks said:
beanoir78 said:
‘Sold’ is Completion, and money in the bank.
You should be pretty safe after Exchange, although the OP has experienced someone croaking at that point and some friends of ours had their buyer, a divorcing single bloke, have a mental breakdown and get committed before Completion.She really had no business bidding and I can't fathom why the solicitor she enlisted put such an offer forward. I can only remember that the bank of granny and grandad would bail her out from time to time and I think that was her plan at the time, to force their hand when she couldn't get a mortgage.
She was staying with me for a few months at the time and maybe 6-7 weeks after this episode I had a knock at my door one afternoon - the seller sought us out because they hadn't heard anything from the GF's solicitor and was hoping for an update/completion date as they were trying to complete their own next purchase. Had to make them a cup of tea and explain/apologise extensively for what had been poor behaviour on the GF's part and equally so from the solicitor for not informing them of the offer withdrawal.
Alarm bells were already ringing at the time and that relationship ended not long after that example of her gung-ho approach to serious situations.
Bloody hell. Had a look online to see if I could remember which flat it was and what eventually sold for. Can't recall which one exacting but one of the same flats sold last May for £220,000 making the £46,000 for a quarter share in 2006/07 very juicy indeed. No wonder the seller was so disappointed in the end and I suspect that is why the ex couldn't get a mortgage, having bid so far over that she didn't have the funds on top of the valuation to borrow against.
beambeam1 said:
Ah, I can abide with that.
When I had an offer accepted on my house and the agents quickly switched to a SOLD board, the neighbours asked when I was moving. I said we will see, I don't want to speak to soon and I'll see when we finally exchange.They'd all sympathise because they've all been through it.
Toaster Pilot said:
Petrus1983 said:
I’m amazed an estate agent even allowed a viewing without an AIP.
AIP isn’t a mortgage offer though, the full application can take ages with some lenders. Toaster Pilot said:
Petrus1983 said:
I’m amazed an estate agent even allowed a viewing without an AIP.
AIP isn’t a mortgage offer though, the full application can take ages with some lenders. We have also viewed six properties before having an AIP, it's only been asked for now we have made an offer. We had been through the affordability with a broker and the online calculator with our current lender to give us an idea of how much we could borrow before hand. I'm not sure it's common practice to demand an AIP before a viewing is it?
Edited by Raymond Reddington on Sunday 26th March 22:34
Not a move story but an odd one with a remortgage - we were going through the motions and had signed documents, a valuation was pending so we were waiting to hear from them on that and book it in.
I got a call to say that the remortgage offer had been withdrawn following a "virtual valuation" and the property coming in at 10% less than expected.
A house on the next street has just gone up for sale at what looks to be a good 15% under market rates compared to identical houses that have sold nearby or elsewhere in the town, it's a totally different house to ours with a different number of bedrooms / bathrooms, smaller plot and configuration but the road names are similar (X Close vs X Way vs X Drive etc).
It looks like the Halifax just valued ours the same as that one (the only house for sale anywhere nearby) and went with that, no room for discussion, they ran away
(I've banked with them for 40 years but had the mortgage elsewhere). Thankfully we've managed a similar deal from another provider now but it struck me as a bit odd.
Well, still a long way away from sorted, but we finally have a sale agreed on a place to move to!
The vendor is moving to a retirement home, where the property is currently going through probate (funeral was only last week), so might not be in for a while, could potentially have to move in with family or short term rent in between, but worth it in the end I think.
We never really intended to take on much of a project, but the house does need modernising. It’s been well looked after, but still has the original 60s kitchen and bathrooms etc. it’s liveable, and we still have a healthy budget leftover to put our stamp on it.
And most importantly… a double garage, with drive space for 2 or 3 more cars if you needed
Let’s hope the survey goes well.
The vendor is moving to a retirement home, where the property is currently going through probate (funeral was only last week), so might not be in for a while, could potentially have to move in with family or short term rent in between, but worth it in the end I think.
We never really intended to take on much of a project, but the house does need modernising. It’s been well looked after, but still has the original 60s kitchen and bathrooms etc. it’s liveable, and we still have a healthy budget leftover to put our stamp on it.
And most importantly… a double garage, with drive space for 2 or 3 more cars if you needed
Let’s hope the survey goes well.
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