The nervous wait to exchange....

  • Thread starter Thread starter noj
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roadie said:
I'm seriously considering putting in an offer for a 2 bed flat that would be very similar to the price it last sold at in 2007. This would be £25k below the guide price, which the estate agent appears to have pulled out of their arse, considering the condition of the property.

An identical flat, immaculately presented went for £5k under that guide price last year, and the one I am interested in needs a complete renovation. I also know that the service charge is increasing by 66% to cover future maintenance works and that the flat has been empty over a year (I know the people that own the flat directly underneath).

I have been to the flat 3 times already and will be looking to put an offer in after another viewing tomorrow. I am a ftb with a mortgage agreed in principle and a 40% deposit. Hopefully the vendors will want to move quickly, as the flat has been on the market for 2 months.
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After viewing the flat again last week I made an offer of £22.5k below the guide price. Whilst that was not accepted, my second offer of £20k below the guide price was earlier today. Exciting!
 
Solicitor said he would get back to me yesterday with solution to an issue or 2 we are facing. Guess what? He didn't get back to me!

Emailed him again today. He said he will get back within the hour! Wait and see then i guess!

We are all numbers to them. No personal touch as far as i am concerned. Why should we have to keep pushing for progress? Ok, i know i am not their only client but at least they should act a bit more professionally!
 
Cleisthenes said:
My sister visited the house that we exchanged on Friday for today, and she's found that since our visit where the offer was put in the owner has been smoking inside the house, so it now smells of smoke where it didn't before.

Do we have any rights here as far as getting him to pay for the smell to be removed?
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You exchanged contracts?
 
Don't think there's anything you can do ... just sort a fresh lick of paint and new carpets or get the carpets cleaned.
 
Cleisthenes said:
Nightmare, will just have to aerate it as much as possible, and failing that do as daz said.
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Are you sure it wasn't the removal company rather than the owner?

Depending on the wording of the contract you *could* get your solicitor to claim for the cleaning, though probably not worth the hassle
 
Finally we have concrete Exchange and Completion dates! Exchange on the 3rd August, then Complete on the 24th August. We viewed and Offered on this house in late February!

So now to set about transfering considerable sums of money into the Solicitors bank account. I'm never going to have this much cash to my name again :(
 
Skeeter said:
Finally we have concrete Exchange and Completion dates! Exchange on the 3rd August, then Complete on the 24th August. We viewed and Offered on this house in late February!

So now to set about transfering considerable sums of money into the Solicitors bank account. I'm never going to have this much cash to my name again :(
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This on a new build?
 
We might be able to exchange by the end of the week and complete next week.

Have to give notice here as it's rented and the landlady won't do a rolling month. So have a month to get house in order (new flooring throughout, new bathroom and new flat roof on extension)
 
Peed off with my solicitor. Got issues with title/s and i rang Land Reg to check things and they said my solicitor sent in the form but not enough info on it! They are muppets!!!
 
Cleisthenes said:
My sister visited the house that we exchanged on Friday for today, and she's found that since our visit where the offer was put in the owner has been smoking inside the house, so it now smells of smoke where it didn't before.

Do we have any rights here as far as getting him to pay for the smell to be removed?
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Just sugarsoap wash the walls and wash the carpet with vax/similar.

It is a pain though!

Anyone got any full structural surveys done? Im going to get one done for around 500 quid and was wondering if it's a big deal if the (local) surveyor I'm thinking of going for doesn't list projected prices of works to be fixed?

Also for things like electrical distribution boards that haven't been tested recently and require a re test etc is it reasonable to deduct this cost from the price of the house (only 100 quid but hey they add up.... Yes I'm Scottish :p)
 
Anyone have any advice on how to handle the following situation:

We're approx 1-2 weeks from exchanging on a flat (FTB) costing £275k. The flat next door has been on sale for around 5-6 weeks. It was originally listed at £275k. It's almost identical albeit not quite as well decorated however is on the end of the block and so has a neighboring flat on one side only. I've noticed today that the agent (same agent) has relisted it at £250k with a guide price of 250-275.

Obviously I'm pretty annoyed at this and am wondering what the best course of action is. Renegotiate? Pull out entirely? Buy the one next door instead? Or just leave it as is? I'm around £700 down on it at the moment from mortgage broker/initial solicitors fees.
 
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