Is anyone moving now?
Discussion
Craigyboy143 said:
we have exchanged on our house, moving everything out next week. really happy the sale went without a bump it was a big worry!
the odd thing is the bit it thought would be the easy bit, the house we are buying.
so we had an agreed moving date of 19th april, we set this maybe a month ago, as we are moving 4 hours away we needed to book the movers in.
we've also booked an airbnb until that date.
had a phone call last week saying they now want to move in may which has really pissed us off, because it means 4 more weeks in airbnb's.
all along they said they would break the chain and now they basically don't want to.
is this normal and we are being a bit over sensitive or is that a dick move?
we had to move for a new job starting early april hence why we didn't delay our sale.
I'd say it's a bit of a dick move but one they're free to play as there's nothing in place to stop them. If you're feeling brave and think that they'll suck it up then say ok that's fine but we'll now have to find alternative accommodation until that date (I assume they know this from what you've written) and it'll cost us X so we'd like to reduce our offer by X but it depends on if in the scheme of things you think it's worth the risk of upsetting them and the whole thing falling apart. There is no right answer to that IMO!the odd thing is the bit it thought would be the easy bit, the house we are buying.
so we had an agreed moving date of 19th april, we set this maybe a month ago, as we are moving 4 hours away we needed to book the movers in.
we've also booked an airbnb until that date.
had a phone call last week saying they now want to move in may which has really pissed us off, because it means 4 more weeks in airbnb's.
all along they said they would break the chain and now they basically don't want to.
is this normal and we are being a bit over sensitive or is that a dick move?
we had to move for a new job starting early april hence why we didn't delay our sale.
Craigyboy143 said:
yes, the house buying process in the uk is shocking!
so with a little more info, they have put a deposit on a new build and carrying our upgrades therefore, i think if we drop out of the sale they also will lose theirs with redrow.
which also seems really unfair!
Although I did once buy a new house (also Redrow, as it happens) I can't remember the details of the process but I assume they'll have already Exchanged - can they walk away and only lose their deposit? In the current market I would imagine Redrow will be very keen for them to Complete.so with a little more info, they have put a deposit on a new build and carrying our upgrades therefore, i think if we drop out of the sale they also will lose theirs with redrow.
which also seems really unfair!
Craigyboy143 said:
yes, the house buying process in the uk is shocking!
so with a little more info, they have put a deposit on a new build and carrying our upgrades therefore, i think if we drop out of the sale they also will lose theirs with redrow.
which also seems really unfair!
We looked at a new build 2 years ago. We got as far as agreeing some changes with the builder (Double garage into triple garage, change of layout upstairs to add games room etc) and were told we'd need to pay the full cost of the proposed changes plus the deposit at the time of signing the missives and effectively committing fully to the purchase which itself was to be about 5-6 months before the earliest completion/entry date.so with a little more info, they have put a deposit on a new build and carrying our upgrades therefore, i think if we drop out of the sale they also will lose theirs with redrow.
which also seems really unfair!
We ended up bottling it because we kept having worries about all the "what-if's" that could go wrong selling in a chain whilst still being committed to buying.
Advice please!
Listed my house 2 weeks ago, pricing it over what we thought we would get, giving us room to negotiate or reduce the price later down the line.
It was listed at 700k, we've now had 3 offers though!
Offers are
700k - Cash buyer
701k - Currently renting. Would be paying 500k cash and 201k mortgage.
705k - Under offer to 1st time buyer. Would be paying deposit of 500k and 205k mortgage
As we are moving abroad, we didn't want to move out until September 1st, but could go August 1st. We also wasn't expecting this get sold so quickly and wasn't expecting 2 buyers in no chain.
The cash buyer wants in by mid June. Other 2 we don't know yet.
How should we play this? Should we get it done and dusted with the cash buyer and just find and airbnb for 2 months?
Is there much difference between a cash buyer and buyer 2 who is 500k cash and mortgage? If buyer 2 is happy to wait until August, then they would be more favourable.
Listed my house 2 weeks ago, pricing it over what we thought we would get, giving us room to negotiate or reduce the price later down the line.
It was listed at 700k, we've now had 3 offers though!
Offers are
700k - Cash buyer
701k - Currently renting. Would be paying 500k cash and 201k mortgage.
705k - Under offer to 1st time buyer. Would be paying deposit of 500k and 205k mortgage
As we are moving abroad, we didn't want to move out until September 1st, but could go August 1st. We also wasn't expecting this get sold so quickly and wasn't expecting 2 buyers in no chain.
The cash buyer wants in by mid June. Other 2 we don't know yet.
How should we play this? Should we get it done and dusted with the cash buyer and just find and airbnb for 2 months?
Is there much difference between a cash buyer and buyer 2 who is 500k cash and mortgage? If buyer 2 is happy to wait until August, then they would be more favourable.
One thing I would personally say is a cash buyer isn't always the gold standard. We've had 2 cash buyers pull out after a period of time when they simply found somewhere else as they were still looking and of course, don't publicise this, - cash buyers have fewer constraints to work with, so in my experience, they're a pain in the ass.
TimmyMallett said:
One thing I would personally say is a cash buyer isn't always the gold standard. We've had 2 cash buyers pull out after a period of time when they simply found somewhere else as they were still looking and of course, don't publicise this, - cash buyers have fewer constraints to work with, so in my experience, they're a pain in the ass.
The renter sounds like the best option to me given the details that you've shared around dates. They'll want to set a date for the rental and the mortgage % they're looking at is pretty low. TimmyMallett said:
One thing I would personally say is a cash buyer isn't always the gold standard. We've had 2 cash buyers pull out after a period of time when they simply found somewhere else as they were still looking and of course, don't publicise this, - cash buyers have fewer constraints to work with, so in my experience, they're a pain in the ass.
Thanks for this. Someone just said similarly, cash buyers can also pull out at anytime with no skin in the game so to speak. Interesting to hear that people are getting good offers and the properties seem to be moving.
I listed the two i'm selling in July last year. Sold one at asking price within the first month so relaxed a bit. The second is still up for sale with very little interest even though I dropped the price a touch. It seems like property up to 750k is going quickly around here (Brands Hatch area) but anything at a higher value is struggling.
I listed the two i'm selling in July last year. Sold one at asking price within the first month so relaxed a bit. The second is still up for sale with very little interest even though I dropped the price a touch. It seems like property up to 750k is going quickly around here (Brands Hatch area) but anything at a higher value is struggling.
i dont know how you manage it !
dealing with estate agents is a distaster
weve had
one selling a house she changed her mind mind on, cost £2k in fees (little village and the woman had done it before several times apparentrly with the same agent)
a split up for one of our kids and it was on the makret with the same local agent, and they took it off without our instruction, (only off one party)
weve had a mortgage advisor say they can get 50 gand more than they can, so a new purchase fell through,
and this weeks life lesson is a nice flat, and it was all going smoothly till we found that the propertymangemnt rule means no pets
while the estate agwent says you can
nobody seems to know what they are doing anymore,
dealing with estate agents is a distaster
weve had
one selling a house she changed her mind mind on, cost £2k in fees (little village and the woman had done it before several times apparentrly with the same agent)
a split up for one of our kids and it was on the makret with the same local agent, and they took it off without our instruction, (only off one party)
weve had a mortgage advisor say they can get 50 gand more than they can, so a new purchase fell through,
and this weeks life lesson is a nice flat, and it was all going smoothly till we found that the propertymangemnt rule means no pets
while the estate agwent says you can
nobody seems to know what they are doing anymore,
Mortgage brokers are a nightmare! Curent online national big boy we are using has so far... Spent ages listening to me explain we are keeping our current house and will rent it out - explaining clearly it isn't currently rented but 3 estate agents have told us in writing it will rent for more than 3 times the mortgage. Then submitted the application. Only to say they need 3 statments showing how much we are currently renting it for.
They have then asked us to send my wife's driving licence and proof of address. And lost them. It shows as signed for at their office. But they are claiming they don't have it.
Our conveyancors are not much better. 3 weeks in and the only search done has unsurprisingly told us that it's not built on contaminated land. Which is a relief as it's 2 streets away from my curent home.
We are only moving to have a much bigger garden for the dog and baby. But I'm not sure why it has to be so difficult and painful.
They have then asked us to send my wife's driving licence and proof of address. And lost them. It shows as signed for at their office. But they are claiming they don't have it.
Our conveyancors are not much better. 3 weeks in and the only search done has unsurprisingly told us that it's not built on contaminated land. Which is a relief as it's 2 streets away from my curent home.
We are only moving to have a much bigger garden for the dog and baby. But I'm not sure why it has to be so difficult and painful.
Seventyseven7 said:
Advice please!
Listed my house 2 weeks ago, pricing it over what we thought we would get, giving us room to negotiate or reduce the price later down the line.
It was listed at 700k, we've now had 3 offers though!
Offers are
700k - Cash buyer
701k - Currently renting. Would be paying 500k cash and 201k mortgage.
705k - Under offer to 1st time buyer. Would be paying deposit of 500k and 205k mortgage
As we are moving abroad, we didn't want to move out until September 1st, but could go August 1st. We also wasn't expecting this get sold so quickly and wasn't expecting 2 buyers in no chain.
The cash buyer wants in by mid June. Other 2 we don't know yet.
How should we play this? Should we get it done and dusted with the cash buyer and just find and airbnb for 2 months?
Is there much difference between a cash buyer and buyer 2 who is 500k cash and mortgage? If buyer 2 is happy to wait until August, then they would be more favourable.
If it were me I’d be asking for proof of funds and then best and final offers from all 3, and go from there.Listed my house 2 weeks ago, pricing it over what we thought we would get, giving us room to negotiate or reduce the price later down the line.
It was listed at 700k, we've now had 3 offers though!
Offers are
700k - Cash buyer
701k - Currently renting. Would be paying 500k cash and 201k mortgage.
705k - Under offer to 1st time buyer. Would be paying deposit of 500k and 205k mortgage
As we are moving abroad, we didn't want to move out until September 1st, but could go August 1st. We also wasn't expecting this get sold so quickly and wasn't expecting 2 buyers in no chain.
The cash buyer wants in by mid June. Other 2 we don't know yet.
How should we play this? Should we get it done and dusted with the cash buyer and just find and airbnb for 2 months?
Is there much difference between a cash buyer and buyer 2 who is 500k cash and mortgage? If buyer 2 is happy to wait until August, then they would be more favourable.
Disco You said:
Seventyseven7 said:
Advice please!
Listed my house 2 weeks ago, pricing it over what we thought we would get, giving us room to negotiate or reduce the price later down the line.
It was listed at 700k, we've now had 3 offers though!
Offers are
700k - Cash buyer
701k - Currently renting. Would be paying 500k cash and 201k mortgage.
705k - Under offer to 1st time buyer. Would be paying deposit of 500k and 205k mortgage
As we are moving abroad, we didn't want to move out until September 1st, but could go August 1st. We also wasn't expecting this get sold so quickly and wasn't expecting 2 buyers in no chain.
The cash buyer wants in by mid June. Other 2 we don't know yet.
How should we play this? Should we get it done and dusted with the cash buyer and just find and airbnb for 2 months?
Is there much difference between a cash buyer and buyer 2 who is 500k cash and mortgage? If buyer 2 is happy to wait until August, then they would be more favourable.
If it were me I’d be asking for proof of funds and then best and final offers from all 3, and go from there.Listed my house 2 weeks ago, pricing it over what we thought we would get, giving us room to negotiate or reduce the price later down the line.
It was listed at 700k, we've now had 3 offers though!
Offers are
700k - Cash buyer
701k - Currently renting. Would be paying 500k cash and 201k mortgage.
705k - Under offer to 1st time buyer. Would be paying deposit of 500k and 205k mortgage
As we are moving abroad, we didn't want to move out until September 1st, but could go August 1st. We also wasn't expecting this get sold so quickly and wasn't expecting 2 buyers in no chain.
The cash buyer wants in by mid June. Other 2 we don't know yet.
How should we play this? Should we get it done and dusted with the cash buyer and just find and airbnb for 2 months?
Is there much difference between a cash buyer and buyer 2 who is 500k cash and mortgage? If buyer 2 is happy to wait until August, then they would be more favourable.
Disco You said:
If it were me I’d be asking for proof of funds and then best and final offers from all 3, and go from there.
So would i.I have very little experience but from what i hear the majority of 'cash buyers' really haven't got the cash at all. Its either from their sale which may or may not fall through or they are just lying and they string it out until they announce they will be getting a mortgage.
The renter sounds good to me.
That said we recently sold to a 'cash buyer' , their funds were from the sale of the house, and they sold theirs to a genuine cash in the bank buyer.
It all happened with no silly games which genuinely astounded me
Get the keys to my house this week, and just accepted an offer on my flat today.
Selling to first time buyers, hopefully not a pain in the ass.
Internet not being installed until 5th of April, and with both of us wfh most of the time, will most likely stay in the flat till that’s sorted. So bit of an anticlimax, but better than the alternative of having to find alternative arrangements for two weeks.
Selling to first time buyers, hopefully not a pain in the ass.
Internet not being installed until 5th of April, and with both of us wfh most of the time, will most likely stay in the flat till that’s sorted. So bit of an anticlimax, but better than the alternative of having to find alternative arrangements for two weeks.
m3jappa said:
Disco You said:
If it were me I’d be asking for proof of funds and then best and final offers from all 3, and go from there.
So would i.I have very little experience but from what i hear the majority of 'cash buyers' really haven't got the cash at all. Its either from their sale which may or may not fall through or they are just lying and they string it out until they announce they will be getting a mortgage.
The renter sounds good to me.
That said we recently sold to a 'cash buyer' , their funds were from the sale of the house, and they sold theirs to a genuine cash in the bank buyer.
It all happened with no silly games which genuinely astounded me
Greshamst said:
Get the keys to my house this week, and just accepted an offer on my flat today.
Selling to first time buyers, hopefully not a pain in the ass.
Internet not being installed until 5th of April, and with both of us wfh most of the time, will most likely stay in the flat till that’s sorted. So bit of an anticlimax, but better than the alternative of having to find alternative arrangements for two weeks.
We had internet connected within days at our new place - but lack of availability of our removal company kept us from moving in for 4 weeks. At least I was able to set up a desk, chair and monitor to work from it while we had new flooring fitted, stuff delivered etc. Selling to first time buyers, hopefully not a pain in the ass.
Internet not being installed until 5th of April, and with both of us wfh most of the time, will most likely stay in the flat till that’s sorted. So bit of an anticlimax, but better than the alternative of having to find alternative arrangements for two weeks.
We were lucky to sell our house at the asking price in two months and already moved to a new place. But the process of packing was a nightmare. Fortunately, we chose these movers who also offer the service of unpacking. It saved so much time and helped us settle faster.
Edited by goldor on Tuesday 9th April 08:59
Seventyseven7 said:
Cash buyer has the cash in the bank, has been confirmed by my estate agent. They are currently renting, having moved back to the Uk from the states.
Confirmed how?Did you ask exactly what proof has been provided.
Over the years you'd be surprised, I've heard of edited bank statements, down to the agent just being told on the phone and presenting that as fact.
Do be careful.
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