Is anyone moving now?

Author
Discussion

Greshamst

2,071 posts

121 months

Saturday 15th April 2023
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Mark83 said:
After reading Greshamst's experience of the local market, I used a local agent's online instant valuation and it was considerably up on Zoopla's. Market definitely seems strong here.

I've asked for an in-person valuation next week. A mixure of curiosity, to see what the extension added and to see the cost to change.

Edited by Mark83 on Thursday 13th April 23:26
Good luck, I think you should be pleasantly surprised. Still not too much coming on to the market in that area. do you reckon you’ll get back the money from your extension?

Greshamst

2,071 posts

121 months

Saturday 15th April 2023
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For me, just the slow grind of process.

Highlights include my leasehold management company on my flat I’m selling wanting £350 to tell my solicitors if my service charge account is up to date (can’t wait to never deal with leasehold again!)

Went to visit the place we’re buying again. So many carpeted bathrooms! Haven’t applied for a mortgage just yet as the upward chain probate situation could mean it runs out before we get to an exchange date.

I’m reading all the extension/ trades costs threads between my fingers as I try to work out how much we’re going to need to spend on it. Will be worth it in the end though.

Have a level 3 survey booked in next week. Noticed a lot of cracks around the house on the second viewing, in more or less all the rooms. Seller says they have a structural survey that confirms no subsidence that they are sharing. Will see what the surveyor says.




Mr Whippy

29,066 posts

242 months

Saturday 15th April 2023
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That 2nd crack pic looks a bit more queryable.

With regards renovation. Just learn to plaster. Learn everything. Make it your new hobby.

Assuming you don’t have kids so it’s a piece of piss living in a building site smile

Slowboathome

3,344 posts

45 months

Saturday 15th April 2023
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That second pic looks like someone's taken a curtain batten off and done a bad job of skimming over.


Mark83

1,166 posts

202 months

Saturday 15th April 2023
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Greshamst said:
Good luck, I think you should be pleasantly surprised. Still not too much coming on to the market in that area. do you reckon you’ll get back the money from your extension?
So few similar to ours on the market, especially 10mins walk from town, the train station and in the outstanding boys and girls schools' catchments.

Local agent valuation was +£40k on Zoopla estimate and +£80k for the upper estimate price difference so be interested in their assessment in-person.

If we get back what we've spent, we'll be happy. We would also be happy if we added the cost of the work, minus SDLT and legal fees. All largely irrelevant as our mortgage has increased significantly and means our next move would be a GT4 in SDLT and legal fees.


Edited by Mark83 on Sunday 16th April 02:19

Danm1les

785 posts

141 months

Tuesday 25th April 2023
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We are in the early stages of another move, purely based on school catchments.

Our house we listed tactically the week before the Easter weekend, open day the Saturday after the Easter weekend and we had 7 viewings, 6 offers and sold for quite a lot over the asking price to a first time buyer, all super easy. We never had a concern on selling our house, the issue is the purchase.

Where we want to purchase, there isn't a huge amount that comes up. Of what we can afford, there are maybe 2 roads we can afford, which is about 20-30 houses in total.

Has anyone ever had any luck in posting letters through doors saying that you would be a potential buyer etc? My partner was talking to one of her customers about moving and said we are looking to move, and they said they would sell etc. however their house is worth about double what we can afford, so not overly useful, but does show that people have it in their mind. I didn't know if some hand written notes, might push someone a long in their process?

skwdenyer

16,527 posts

241 months

Tuesday 25th April 2023
quotequote all
Greshamst said:
For me, just the slow grind of process.

Highlights include my leasehold management company on my flat I’m selling wanting £350 to tell my solicitors if my service charge account is up to date (can’t wait to never deal with leasehold again!)

Went to visit the place we’re buying again. So many carpeted bathrooms! Haven’t applied for a mortgage just yet as the upward chain probate situation could mean it runs out before we get to an exchange date.

I’m reading all the extension/ trades costs threads between my fingers as I try to work out how much we’re going to need to spend on it. Will be worth it in the end though.

Have a level 3 survey booked in next week. Noticed a lot of cracks around the house on the second viewing, in more or less all the rooms. Seller says they have a structural survey that confirms no subsidence that they are sharing. Will see what the surveyor says.



What age is the property? Right up until the 1950s, builders used timber window frames as structural elements, something often missed when the uPVC man came a-calling smile

Flooble

5,565 posts

101 months

Tuesday 25th April 2023
quotequote all
skwdenyer said:
Greshamst said:
For me, just the slow grind of process.

Highlights include my leasehold management company on my flat I’m selling wanting £350 to tell my solicitors if my service charge account is up to date (can’t wait to never deal with leasehold again!)

Went to visit the place we’re buying again. So many carpeted bathrooms! Haven’t applied for a mortgage just yet as the upward chain probate situation could mean it runs out before we get to an exchange date.

I’m reading all the extension/ trades costs threads between my fingers as I try to work out how much we’re going to need to spend on it. Will be worth it in the end though.

Have a level 3 survey booked in next week. Noticed a lot of cracks around the house on the second viewing, in more or less all the rooms. Seller says they have a structural survey that confirms no subsidence that they are sharing. Will see what the surveyor says.



What age is the property? Right up until the 1950s, builders used timber window frames as structural elements, something often missed when the uPVC man came a-calling smile
One of those to my untrained eye looks like it's "just" the plaster - probably they let the house get damp and condensation got in where it's above the window.

The other crack looks a bit more ominous though - I think I was told (old wives tale perhaps) that if you can get a coin in the crack then it pays to look more deeply.

I would be interested to hear what the surveyor says but I have a nasty feeling it will be so caveated we can't really tell.

alscar

4,152 posts

214 months

Tuesday 25th April 2023
quotequote all
Danm1les said:
We are in the early stages of another move, purely based on school catchments.

Has anyone ever had any luck in posting letters through doors saying that you would be a potential buyer etc? My partner was talking to one of her customers about moving and said we are looking to move, and they said they would sell etc. however their house is worth about double what we can afford, so not overly useful, but does show that people have it in their mind. I didn't know if some hand written notes, might push someone a long in their process?
House in the same village ( 100 metres from our existing at the time ) which my wife had always said she wanted to move to.
Knocked on their door and chatted briefly.
A few months later we were given first refusal at buying when they were getting divorced -6 weeks later we moved in.


okgo

38,084 posts

199 months

Tuesday 25th April 2023
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Have you run the numbers on paying for school? Moving costs/stamp/renovation etc could actually just be better to pay for it.

skwdenyer

16,527 posts

241 months

Tuesday 25th April 2023
quotequote all
okgo said:
Have you run the numbers on paying for school? Moving costs/stamp/renovation etc could actually just be better to pay for it.
In an uncertain economy, if you move now then you're always going to be next to that good school. Whereas you might not always be able to pay school fees...

Danm1les

785 posts

141 months

Tuesday 25th April 2023
quotequote all
alscar said:
House in the same village ( 100 metres from our existing at the time ) which my wife had always said she wanted to move to.
Knocked on their door and chatted briefly.
A few months later we were given first refusal at buying when they were getting divorced -6 weeks later we moved in.
Thats great to hear, glad it is actually a thing!

skwdenyer said:
In an uncertain economy, if you move now then you're always going to be next to that good school. Whereas you might not always be able to pay school fees...
The school fees round here, Beaconsfield, are eye watering, be much cheaper to move for us!

Flooble

5,565 posts

101 months

Tuesday 25th April 2023
quotequote all
skwdenyer said:
okgo said:
Have you run the numbers on paying for school? Moving costs/stamp/renovation etc could actually just be better to pay for it.
In an uncertain economy, if you move now then you're always going to be next to that good school. Whereas you might not always be able to pay school fees...
Also I'd argue school fees, once spent, are "gone". The house remains an asset.

(Yes you could argue school fees are also an investment ... but you can see where I am coming from)

alscar

4,152 posts

214 months

Tuesday 25th April 2023
quotequote all
Danm1les said:
The school fees round here, Beaconsfield, are eye watering, be much cheaper to move for us!
Trouble is Beaconsfield is quite nice !

Danm1les

785 posts

141 months

Tuesday 25th April 2023
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alscar said:
Trouble is Beaconsfield is quite nice !
Defiantly. It’s the area, or Farnham Common, we are trying to move too. smile

skwdenyer

16,527 posts

241 months

Wednesday 26th April 2023
quotequote all
Flooble said:
skwdenyer said:
okgo said:
Have you run the numbers on paying for school? Moving costs/stamp/renovation etc could actually just be better to pay for it.
In an uncertain economy, if you move now then you're always going to be next to that good school. Whereas you might not always be able to pay school fees...
Also I'd argue school fees, once spent, are "gone". The house remains an asset.

(Yes you could argue school fees are also an investment ... but you can see where I am coming from)
It is frowned-up to indenture one's children, so the investment is rather less certain of a return smile

Greshamst

2,071 posts

121 months

Wednesday 26th April 2023
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Current worry… the 85 year old vendor has had a fall, and then caught Covid at the hospital. No further updates but I’m really hoping he pulls through.


Got the survey results back.

Cracks are stated to be superficial, no subsidence or structural.
Flat felt roof an a garage extension is 24 years old, nearing the end of its useful life, and has had various repairs already.

Think we’re going to try and negotiate the cost for replacing the roof off the sale price.

Toaster Pilot

14,621 posts

159 months

Thursday 27th April 2023
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Looks like it might actually be happening after 2 years of pain. Completion date set for tomorrow, just had a text earlier this morning confirming the mortgage advance is to be released today!

jock mcsporran

5,005 posts

274 months

Thursday 27th April 2023
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Toaster Pilot said:
Looks like it might actually be happening after 2 years of pain. Completion date set for tomorrow, just had a text earlier this morning confirming the mortgage advance is to be released today!
That makes two of us, although only just over a year. Hopefully funds released today and complete tomorrow.

sleepezy

1,807 posts

235 months

Friday 28th April 2023
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sleepezy said:
Neighbours house went on the market yesterday - our quiet cul-de-sac has been somewhat busier than normal - we reckon at least half a dozen viewings and several 'drive bys' since 9am - so on a sample size of 1, something's happening if you get it right.
And now sold (well, SSTC) - so if you get the price right things can still move