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the trials and tribulations of buying and selling property

Shirl said:
I have called someones bluff and turned down a cash offer on our house :eek:
I am now worried incase they don't come back with a better offer because we really need a cash sale now in order to buy the place that we have reserved. :( :mad:
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Firm resolve, Shirl. We've got things crossed. ;)

Don't forget to start rounding up all the cats in Wales now in preparation for the Big Move.
 
Trying to go through the process for the 3rd time now.. Flat is on the market.. Tried to go for one house and the developers got it.. Went for a second and a rich boy with no need for a mortgage got it...

Have 3 to look at on Saturday it is a horrible game thats for sure :(
 
we put in an asking price offer on the house i was talking about above ^^^ 2 weeks ago.
since then the owner has been having a big crisis of confidence over whether she wants to sell at all, and won't commit either way to us :mad:
i'm not feeling optimistic; we're starting to view other places again, got a viewing on thursday. :(
 
Shirl said:
I have called someones bluff and turned down a cash offer on our house :eek:
I am now worried incase they don't come back with a better offer because we really need a cash sale now in order to buy the place that we have reserved. :( :mad:
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Good luck will keep everything crossed for you
 
kea said:
we put in an asking price offer on the house i was talking about above ^^^ 2 weeks ago.
since then the owner has been having a big crisis of confidence over whether she wants to sell at all, and won't commit either way to us :mad:
i'm not feeling optimistic; we're starting to view other places again, got a viewing on thursday. :(
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Seeing as I have now lost 2 I am always on the loook out.. I will not get to involved in a house again until I know the deal is done..

Houses are emotional things
 
liberty said:
Trying to go through the process for the 3rd time now.. Flat is on the market.. Tried to go for one house and the developers got it.. Went for a second and a rich boy with no need for a mortgage got it...

Have 3 to look at on Saturday it is a horrible game thats for sure :(
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If you haven't got an offer on your flat it will be more difficult for you, ime. When we did it we were told not to bother looking until we had an offer on at least one of the flats we were selling. It's hard because mentally you're already trying to move on but there it is.
 
I had about ten months of property hell last year. Unbelievable. Started looking early January, found first place late January moved in late October. :mad:

Place one: Survey showed the wall was falling off the house - and the seller (also the freeholder) refused to fix it. Loss: About £500 in various fees.

Place two:Messed around for several months until the seller sold it to somebody else who'd gazumped me. Loss: About £700 in various fees.

Place three: Nice sellers but with very slow solicitors and some tricky legal stuff to work out involving planning permission, several plots of land and my charming but not very organised freeholder.... so took another three and a half months.

The upshot of this is that I spent 6 months with my old flat's contents in storage and living in my best mate's spare room.

I cannot tell you how relieved I was when I moved in. A year later I still love the place and the worst problem I have is slight damp (which I knew about before I moved in). :)
 
Ms T said:
If you haven't got an offer on your flat it will be more difficult for you, ime. When we did it we were told not to bother looking until we had an offer on at least one of the flats we were selling. It's hard because mentally you're already trying to move on but there it is.
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Last time I put my flat on the market 2 people offered on it in 1/2 an hour after it went on and I had not even looked so I thought it would be good just to have a look around.. Then I fell in love with the house in Addington Sq... There is a house I'm going to look at that will not be on the market until April May next year..

Finding the right time is difficult
 
The property that another got on Addington Sq as he did not have to sell now turns out he does have to sell.. So we're back in the race

Bloody time waster :rolleyes: :mad:
 
Hollis said:
Trick if you're sellling... offer them a nice glass of wine...

I viewed about 20.odd properties. The one I bought was the one that offered as a nice glass of wine to drink. :)
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I do that at AGMs to lure people onto committees!
 
kea said:
ok, what do the more property-experienced urbanites think of this?
i've just spoken to our potential vendor, she seems really nice. she said the other people had offered £10k under the asking price. i said we definitely want the house and really like it, and are prepared to offer the asking price no messing. she seemed really pleased, and said that for our peace of mind she thinks we should still come round on saturday as planned to have a 2nd viewing so we can see the house during daylight hours, and that if we still want to make that offer we can take it from there.
i said that's ok with us as long as she's alright with not making a decision on who to sell to until then, and she said she's happy to wait til then as she's really busy with other things this week anyway.

does that sound promising? i'm a bit worried we could get sucked into a bidding war ...
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make her your offer and make it conditional that it's removed from the market and you have and exclusive contrat period. That way you won't get stuffed.
 
Mrs Magpie said:
I do that at AGMs to lure people onto committees!
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I think you and me should write a little guide into how to lure people onto things.

Favorite phrases being 'You're not committed to any work', 'It doesn't matter if you don't always turn up' and 'It will hardly take any time'... :D
 
We're trying to buy at the the moment. It was going along very smoothly, offer accepted, morgage approved and then the solicitors got involved and it appears to have gotten very complicated. I've had to hassle them every day. I don't understand why they're so bloody incompetent.
 
ill-informed said:
We're trying to buy at the the moment. It was going along very smoothly, offer accepted, morgage approved and then the solicitors got involved and it appears to have gotten very complicated. I've had to hassle them every day. I don't understand why they're so bloody incompetent.
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I am told by those in 'the know' that conveyancing is the 'factory' work of the legal world, and they never say no to the new work, so its just loads and loads of paperwork going back and forth, which has to be just right, endlessly piling up.

Best advice I was given re conveyancing, was to be a very polite pain in the arse (thats for buying houses - but hey, it could apply to so many areas of life).

Had a pretty hellish year on the market - without a sniff, then one day, along came a young lady who bought it - there was 3 months of hell getting the sale through - and then it just happened, and we sold. My brother had someone pull out on him on the day of exchange, just shattering.

Hang in there - even if this isn't THE sale, you WILL sell. It will SELL, one day.
 
Our house sale and purchase was a doddle.. we sold the house in a week.

These two guys came round and after being shown around the house said "we understand you've had one offer already that you've turned down?"

So I said yes we had, £15k below the asking price, and that I felt that was taking the piss. I told them the house had been valued at the price we were asking, and I wasn't prepared to settle for anything less.

So they said "Oh. We were going to offer that much too... but we're happy to pay the asking price".

Then my husband came in, and was a total bad tempered bear to them.. earning a slap once they'd gone, and I shrieked "they're going to buy the house, you numpty!"

I didn't want to lose the house we're now proud owners of, so offered the asking price straight away. Another family also did, but the lady who owned this house evidentally took a shine to me, so we ended up with it!

And I love my house.. though not looking forward to selling it when we decide to move back to the west country!
 
Christ we had such a hassle with the flat we finally bought in Streatham.

So we look at the place, it's a dump, but big and freehold flat, which is pretty rare. Problem is the roof's leakded "so'kay" says agent "it's been fixed you just need to plaster the hole up".

So we put in offer 6k under askign price and it's accepted. And then it got the legal bit...fuck me what a bunch if incompetent tossers - my solicitor was amazing and i'd recommend him to anyone, real old-school tyope who only communicates by phone and letter, but really on the ball.

Problem was the seller lived in Ireland and I think just picked soemone out of yellow pages because his solcitors were terrible - took them 8 weeks to get the paper work together (after they'd missed some pages off the freehold info!), while this ex-rental property set empty needing to be done up :mad:

Then the seeler turns round and says we're being too slow and he's putting back on the market!

To cut and very frustrating story very short our offer was accepted in early July, we exchanged end of October and we might actually get in by January :rolleyes:

Oh yeah and that roof that had been 'fixed' was still leaking so we had to get it done - anther £1,500 to add to the total :(

Estate agents are all wankers :mad:
 
well i've just had a text from our potential seller saying can she call at 7pm to discuss things and she's sorry for making such a mess of things, which i interpret as meaning that she's taking it off the market, so we'll have to wait and see what she says tonite but i'm not hopeful :(
 
Photo's gonna have a look at what else is out there this afternoon, so we can start fixing up some viewings.
we saw a place last nite which is just round the corner, it was ok (nice garden particularly :) ) but it's already in the process of being sold to someone else and basically the owner seems to cheekily be trying to get someone else to put in a higher offer. the estate agent wouldn't tell me how much it was being sold for but it's on the market for £255,000 which they won't get cos it's £5k above the stamp duty boundary. and frankly imo it isn't worth more than £235,000-£240,000 which is what i reckon it's selling for already.
we'd consider putting in a £230-£235,000 offer in only i don't think it'd be accepted, i don't think it's worth more than that, and i think they're being cunty by trying to gazump their current buyer.

:mad:
 
We have got the people who offered cash coming back tomorrow for a second look.
I reckon that they are coming to try to get us to accept their offer which is £10K too low.
Wolfie is going to get the calculator out tonight to see how low we could afford to go. If these people don't buy now from us we will definately miss the place we want :(
 
kea said:
ok, what do the more property-experienced urbanites think of this?
i've just spoken to our potential vendor, she seems really nice. she said the other people had offered £10k under the asking price. i said we definitely want the house and really like it, and are prepared to offer the asking price no messing. she seemed really pleased, and said that for our peace of mind she thinks we should still come round on saturday as planned to have a 2nd viewing so we can see the house during daylight hours, and that if we still want to make that offer we can take it from there.
i said that's ok with us as long as she's alright with not making a decision on who to sell to until then, and she said she's happy to wait til then as she's really busy with other things this week anyway.

does that sound promising? i'm a bit worried we could get sucked into a bidding war ...
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f**king hell - see the house in daylight, I wouldn't have even put an offer in otherwise.

The reason she's offering you the second viewing is to buy time for herself, imo, most probably the estate agent told her to do this and is trying to pressure the other buyers.

Edit: And it looked like it worked....

(my sister is an estate agent, please don't hate me)
 
Mrs Magpie said:
I did till about 3 years ago....I always used to have Birthday picnics in Myatts Field Park for my girls (summer babies).
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So it was nice once then :)

(to explain my thread in London about the park)

Anyway off there tomorrow so I can see what its like for myself :)
 
liberty said:
Anyway off there tomorrow so I can see what its like for myself :)
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Do you still want the blender, Liberty? I'm saving it for you.

If you're round these parts tomorrow maybe you could pick it up?
 
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