The nervous wait to exchange....

  • Thread starter Thread starter noj
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Funky-Melon said:
Ridiculous :D

My Aunt has just purchased something a bit smaller in size to link #1 for just over a million and that needs a ton of work on it.

It's in Kenilworth mind, overlooking the castle, but still, shows what you get for your money up north!

If only there were jobs....
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Impressive! Does your Aunt need an assistant/driver//Star trek expert/IT consultant? :D

It's interesting about the jobs comment. I'm playing on starting my own limited company and being an IT Consultant, however it would appear there's a shed load of IT jobs in Glasgow (Our new house is 50 mins drive away) so I may see what's around and Contract as I need/want to.
 
HoneyBadger said:
Impressive! Does your Aunt need an assistant/driver//Star trek expert/IT consultant? :D
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Sadly not :D

She got 2/3rds of this...

https://media.onthemarket.com/properties/4384803/597803311/document-0.pdf

Owners were looking to sell the whole thing but struggled to find anyone interested, it's 100+ years old and needs rewiring/major refurb, new roof, new timbers around a lot of the building etc.

My Uncle and Aunt offered to buy some of it which the current owners were happy with since they love it.

They've essentially put a wall up down the house, fence down the garden and made it two properties.....2/3rds is my Aunts side and the other third is the current owners.

Very weird setup but it kinda works, beautiful building. They're £150k into the refurb already and only been in it 7 months :D
 
The road behind our new place and you'd be adding a zero to the price of that honeybadger! Looks a brilliant place to live! So much room.
 
My wife and I are buying this house in Northern Germany for €255k:

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Man, the costs in buying a house here are insane. We're looking at ~€30k in taxes and costs to buy. The estate agent takes 3.57% from the buyer and 3.57% from the seller at a rate that is set by the state (this varies by state, in most it's a higher percentage paid by the buyer, and none by the seller) and does just as little as they do in the UK. They must be raking it in. There's a whopping 6.5% in the equivalent of stamp duty, and yet more in charges for the Notary and the equivalent of the Land registry. And, we have to stay here for 10 years or we pay tax on any increase in price.

There's not really any equivalent of all the searches you need in the UK, and if you want a survey done (and we did, the house is 300 years old) you need to pay for it be done before you put an offer in. Thankfully there was nothing too major and the buyers have now accepted our offer and so we're waiting for final approval on financing so we can set a date to sign with the Notary and get it all definitively signed off.

On the other hand, we're getting 0.55% on a 10 year fixed mortgage so I guess it's not all bad.
 
Vanquish-Storm said:
Is it normal for a seller to suggest an exchange date 5-6 months away? :confused:
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Not really, normally you might exchange with completion set far ahead in the future. This avoids someone pulling out at the last minute (not without penalties, anyway).

If you don't exchange for 5-6 months, there's nothing to stop them from saying at the last minute, or from their perspective, you continuing to market the property and receiving a higher offer several months down the line.
 
We exchanged today! Completion date is set for the 20th.

Both solicitors and the mortgage broker were all really good, there's no chain but we put in an offer on I think the 15th of July? So it's gone pretty quick imo.
 
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