The nervous wait to exchange....

  • Thread starter Thread starter noj
  • Start date Start date
Awesome just had a text of the Vendors saying the Garage Conversion has been signed of by the Council, Tell you what the Vendors got things sorted quick.

So we are now ready to get completion done for next week, As both us and the Vendors want to move by the end of the month.

Finally nothing is now slowing us down and we can get stuff moving asap.
 
Ours is getting to be a right pain as buyers solicitor has requested that we pay his costs in an application for a different title. I told buyer they can whistle for it!
 
deej said:
Had an offer accepted, now waiting for final finances to go through and inspection.

Back in our own place after 4 years, hopefully. :D
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All went well, so.....

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We get the keys on Aug 30th, so 3 weeks from accepted offer to completion. Much prefer it here.
 
Skillmister said:
I'd imagine the market is slow at the moment and only getting worse. Our new instructions over the last few months would be bad for winter let alone summer :( The estate agents I know are the same. If you can find the right property for sale it's probably a good time to try and get a cheeky low offer in but it's not so likely to come along!
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I think it's taking a bit of a break before the march onwards and upwards. Brexit may have scared a few people off from selling, but I still see people around here selling houses, and sold signs popping up. There's a couple for sale in my road.

The thing that they often seem to do though is overprice things. I am in a new build estate, so I know around what my place should be worth based on purchase price/recent sales. One of the properties for sale is more or less identical to mine, only on the market for probably 15K too much.
 
HungryHippos said:
I think it's taking a bit of a break before the march onwards and upwards. Brexit may have scared a few people off from selling, but I still see people around here selling houses, and sold signs popping up. There's a couple for sale in my road.

The thing that they often seem to do though is overprice things. I am in a new build estate, so I know around what my place should be worth based on purchase price/recent sales. One of the properties for sale is more or less identical to mine, only on the market for probably 15K too much.
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it's different here. usually property is up for sale at offers over a lot less than the valuation. properties in decent areas always sell for 10-15% more than the valuation. properties in half decent areas go for around 5% above or below the valuation.

for example.

offers over £325K valued at around £350K sells for £395K in a decent area. people desperately want their kids in the good schools, so that is why that happens, or they desperately want to live in a certain area because of it's prestige, closer to decent restaurants, bars, etc. houses tend to very rarely go on sale in these areas too as people tend to stay there for much longer than in other areas.

half decent area. offers over £180K, valued at £185K sells for £190K in a half decent area.

valuations in half decent areas can be all over the place though. some houses being valued more than what their neighbors larger property sold for within the past 8 months, other properties being valued too cheap in comparison to other sales and properties in the area.
 
Well offer accepted, however as the sellers are in a chain its now waiting on them to get somewhere which I guess can slow everything right down...

We are now speaking to mortgage advisors, however not sure when to actually go ahead and apply for mortgage as we have no timeline on the seller finding a house... Anyone have any experience with this? Is it best to apply for mortgage straight away regardless?
 
A mortgage is valid for a certain length of time (6 months I think). Get the mortgage sorted before your costs increase (and while interest rates are low). Be prepared for the waiting game and tell the seller that you want to exchange and complete before Xmas.



The sellers of the place we want are hoping to complete on their buy within 8 weeks (that house owner has moved to Scotland...that country where the housing market works a lot better) so it looks like we could be in before December rather than after Xmas like I thought)
 
Just agreed a number on the sale of our property and had our offer accepted on another :) fingers crossed nothing goes wrong! Just appointed a solicitor now - how long does it usually take for property to be changed on rightmove to Sold STC?
 
Man this Help to Buy ISA makes zero sense now with all the news reports coming out about it.

We was pretty certain that it would count towards the Deposit, now reading after they changed it all to make "more" sense I don't quite understand who even gets the money.

Anyone know the exact moment you get the money, From reading it gets bolted on to the completion Transaction but not sure what that even means.
 
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