The nervous wait to exchange....

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toshj said:
You're down by the river/Esher way, aren't you?

How have you found the market that way? My parents put their place on in Hampton a few months ago, and have really struggled to find any serious interest.
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Yeah, we moved within Thames Ditton. Market has been very buoyant but a lot of people are feeling a bit of a slowdown this past month or so. I think as a consequence of a lot of property coming on as the prices have reached the point that people want to cash in. On my old street there were at least 10 sold signs as we moved out and that is out of less than 100 properties.

We've been in our house since Tuesday, it is a bit of a dump with loads of problems that I know about and presumably loads that I don't but it is great.
 
Siliconslave said:
Well thats interesting - we've completed as of yesterday evening (YAY!) but we've not been paid our money & our mortgage hasn't been paid off (WTF!?!?)

Our buyer's buyer's solicitor didn't arrange her mortgage payment to come in a day early so our buyer wasn't paid until about 3.40pm.

Our solicitor wasn't paid until about 3.49pm and the bank wire system apparently closes at 3.50pm (would be great if someone could confirm this!) So our solicitor couldn't transfer the money over to us last night, but the sale has completed so they still released the keys to our buyer.

Luckily were breaking the chain and renting while we re-locate so no problem there, but as of midday today we've still not been paid - its not a small amount of money here damn it!

Grrrr, so annoyed, we've finally sold but we are now without house, without cash and with an freaking mortgage still! :mad::mad::mad:
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any joy?
 
Siliconslave said:
Well thats interesting - we've completed as of yesterday evening (YAY!) but we've not been paid our money & our mortgage hasn't been paid off (WTF!?!?)

Our buyer's buyer's solicitor didn't arrange her mortgage payment to come in a day early so our buyer wasn't paid until about 3.40pm.

Our solicitor wasn't paid until about 3.49pm and the bank wire system apparently closes at 3.50pm (would be great if someone could confirm this!) So our solicitor couldn't transfer the money over to us last night, but the sale has completed so they still released the keys to our buyer.

Luckily were breaking the chain and renting while we re-locate so no problem there, but as of midday today we've still not been paid - its not a small amount of money here damn it!

Grrrr, so annoyed, we've finally sold but we are now without house, without cash and with an freaking mortgage still! :mad::mad::mad:
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CHAPS transfer close at banks around the 3.30 mark, but I'm surprised your solicitor didn't transfer the money to you before that - sounds like a **** up internally.

presumably the solicitors did actually have the funds before releasing the keys to your buyer??
 
meandu229 said:
Well valuation/survey done today, Original asking price £195k. Offer accepted at £183k. Valuation comes back at £173k. So back to the vendors see if they will go that low. Im not sure where they got their price from 1st time if our valuation was £22k lower than that. Anyone else had this?
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I've heard of places being down valued, mine was valued last week. Still waiting for ****e Post Office to get into gear. So it could all fall apart quickly if mine is down valued etc.

Ideal world, down value on the one buying as I know they are desperate to get it sold now due to moving to Wales and kids starting school there. So if it's down valued my stance will be take it or leave it.

If it ends up where ours sells and the one we're buying falls through we'll move back to my folks for a short period.
 
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we got ours revalued by the mortgage company - think it's different in scotland since we get the home report values which are usually accepted by the banks, but because the market was going a bit mad out mortgage advisor suggested a revaluation. Came in 10k higher so wiped about 8k off the deposit required, meaning we can have furniture!!
 
Exchanged last week and we move on Friday (29th August)

Moving from Slough to Barton-On-Sea in the New Forest

can't wait :D
 
Skidder said:
Yeah, we moved within Thames Ditton. Market has been very buoyant but a lot of people are feeling a bit of a slowdown this past month or so. I think as a consequence of a lot of property coming on as the prices have reached the point that people want to cash in. On my old street there were at least 10 sold signs as we moved out and that is out of less than 100 properties.

We've been in our house since Tuesday, it is a bit of a dump with loads of problems that I know about and presumably loads that I don't but it is great.
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Cheers - good to hear the move has gone well so far.

The old people have actually taken the place off the market for a bit. Think they were a bit unimpressed with their agents, and maybe re-marketing it might be a sensible option.
 
80% for us, but new issue tonight with solicitors.

Claim they never received our marriage certificate... So I said, done ID checks. Oh yes. So how did you do that then without a marriage certificate. Silence. Find it and find it now!

Those fees I'm paying you, worth squat now. Find it and return by the end of the week or a full refund and I'll instruct a new conveyancing firm.

How is it all these companies charge the earth but are totally useless.
 
Paid deposit + solicitor fees last Friday, but still don't have an exchange date. Left multiple messages with secretary to have him call me back but nothing for 2 days now. I know the sellers are moving out this weekend as well.

Extremely frustrated.
 
Had our offer for our first house accepted this week. :D

All the paper work is with our mortgage provider and our solicitors are in the know. Been told the estimate is 4-8 weeks to finalise. No chains on both sides.

Estate agent got our solicitors company name wrong so was sending emails off to no where though until I informed them.

EDIT: Survey going ahead next week.
 
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My purchase is a complete nightmare. Two months in and searches not even carried out yet as my solicitors are a, not getting satisfactory answers from the venders' solicitor and b, the vendor or their solicitor keep sending the wrong documents. For example, despite asking to see the boiler installation certificate and other installation certificates the seller or their solicitor instead sends check lists to show that they have complied with the regs, but no actually installation certificates that are required by regs. Extremely frustrating as this is a property that supposedly fell through days before exchange of contracts last time. How the heck it got that far I don't know because there's a wall or fence in the wrong location apparently and as it's one of two new builds built where a previous single bunglow used to be, my solicitor can't even find out if there is one mains water supply or two.
 
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How come?

Signed my contract two weeks ago and found out late Friday that the people I'm buying off are still agreeing theirs with the next up in the chain. A few more weeks wait then :(
 
Duke said:
How come?

Signed my contract two weeks ago and found out late Friday that the people I'm buying off are still agreeing theirs with the next up in the chain. A few more weeks wait then :(
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yeah unfortunately signing contracts and exchanging can be weeks apart.
You're only signing a draft of the contract, normally one of the early bits you'll get sent by the solicitors
 
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