The nervous wait to exchange....

  • Thread starter Thread starter noj
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When buying, at what point do you suggest getting the survey done?

Part of me thinks to just wait until the mortgage aspect is all sorted/approved incase something goes wrong (though it shouldn't)

Or just get it done now and hope for the best?

Currently both sets of solicitors have been instructed, not sure where are buyers are at just yet but I know our solicitors have been in touch with theirs.

My mortgage guy is well underway, has all our documentation and stuff so hopefully get that sorted soon. Just wouldn't want to shell out 600-800 for a survey if it's too soon / could lose it
 
I went for it as soon as I could - I applied for my mortgage and then whilst waiting for the valuation I did it. I was confident the house wouldn’t be valued down and that I wouldn’t have issues though, so depends on that too.
 
I got the house we're interested in surveyed within a week of our offer being accepted. Good job as it found some things we didn't spot which has given us the time to have an Asbestos Survey and also Structural Survey done.

I'd always get a house surveyed as soon as the offer is accepted so if it reveals faults/issues you can go back to the seller very quickly or, worse scenario, run away before you've gotten far with the paperwork/solicitors etc.
 
I got the house we're interested in surveyed within a week of our offer being accepted. Good job as it found some things we didn't spot which has given us the time to have an Asbestos Survey and also Structural Survey done.

I'd always get a house surveyed as soon as the offer is accepted so if it reveals faults/issues you can go back to the seller very quickly or, worse scenario, run away before you've gotten far with the paperwork/solicitors etc.
Hmm good point, that's another side to the coin I guess

I'm fairly confident all is well and the buyers etc seem solid. Maybe I'll just book it. One of the quotes I got can come out in a week or so
 
We had a level 3 survey done - cost us £550.

You can get a level 2 survey done for a bit cheaper but it also doesn't look as hard at stuff.
No worries, thanks.

Our quotes so far are all between 600-750ish for level 2 (not including valuation)

Suppose it depends on the property too. Would it be better going for level 3 then? House is approx 20-25 years old I believe
 
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Guess it depends if you have a mortgage on the house and the house age. For us the house was built back in the 1930's and had been empty for a while so we thought we'd rather pay more for a level 3 to be safe.
 
Guess it depends if you have a mortgage on the house and the house age. For us the house was built back in the 1930's and had been empty for a while so we thought we'd rather pay more for a level 3 to be safe.
Yeah I'd do the same .

That said, the one we are looking at has been empty here and there as it's ex MOD. Will consider it
 
I'll get some more quotes :) got 4 so far, cheapest being £595
It's on a 4 bed detached, maybe house type/size factors into it to some extent but can't imagine it would make a huge difference

Also, side note. I imagine we have been "Sold" for 3-4 weeks now, and there's been no mention yet about our buyers doing a survey on our house.. not sure if this is to be a concern yet or not. To be fair they are in the forces and currently away, booked in to measure up and stuff here in the coming weeks
 
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does depend if your buyer is in a chain, or cash buyer, so can wait for you to show signs of progress up the chain before investing in a survey of your place - that's happening to my neighbour
What do mortgage companies demand for survey category too.
search company parasites my solicitor 'uses' are masters of up-selling ... if you want to know exactly where the wind-farm/solar farm will be built pay us more (and we will look in the planning records you could have consulted yourself)
 
Looks like everyone in the chain is ready to go with an expected exchange and completion date of the 31st October.

Annoyingly, we're actually away that week with a pre-booked holiday so seeing if people are happy to wait until the following week or whether they're going to push for a week prior. Happy with either.

What's the general concensous around doing repairs to the house prior to selling? I ask as a tile has chipped in the bathroom and we also have a wooden beam that suppots a stair gate at the top of the stairs, pulling away from the wall which is cracking the plaster and pulling our brick dust.

Could we leave these as they are or are we legally required to perform repairs as they come up prior to completion?
 
Looks like everyone in the chain is ready to go with an expected exchange and completion date of the 31st October.

Annoyingly, we're actually away that week with a pre-booked holiday so seeing if people are happy to wait until the following week or whether they're going to push for a week prior. Happy with either.

What's the general concensous around doing repairs to the house prior to selling? I ask as a tile has chipped in the bathroom and we also have a wooden beam that suppots a stair gate at the top of the stairs, pulling away from the wall which is cracking the plaster and pulling our brick dust.

Could we leave these as they are or are we legally required to perform repairs as they come up prior to completion?

I would fix the timber but leave the chipped tile.

Your solicitor can be instructed to perform the exchange and completion if he allows a longer deposit of funds into his account alternatively the funds can be transferred from where you are. You may need to accommodate everyone else.
 
2 year or 5 year fix is the current debate. I'm thinking 2.. but not sure, I can't see things changing massively but we never really know

That said, it's essentially £20 difference to fix for 5 and not have to faff about again for a while
 
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Well my niece and her hubby exchange on their 1st house this Friday - they started the process after us yet have finished ahead of us.

We had another load of questions from the buyers yesterday so waded through them all and replied along with some more documents and photos. Both me & the Mrs as getting a bit fed up now with the buyer. We wonder if they are serious about buying - if they come back with yet more questions we might just tell them to 'forget it' and just re-list the house.
 
Well my niece and her hubby exchange on their 1st house this Friday - they started the process after us yet have finished ahead of us.

We had another load of questions from the buyers yesterday so waded through them all and replied along with some more documents and photos. Both me & the Mrs as getting a bit fed up now with the buyer. We wonder if they are serious about buying - if they come back with yet more questions we might just tell them to 'forget it' and just re-list the house.
It starts to make you wonder if it's worth the hassle doesn't it. It's like they think they have you over a barrel or something, but like you say it will come to a point where you just relist.

Hopefully it works out though
 
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