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The nervous wait to exchange....

Discussion in 'Home and Garden' started by noj, Apr 3, 2014.

  1. Rroff

    Man of Honour

    Joined: Oct 13, 2006

    Posts: 66,744

    Ooof it cost us a bit more than £260 to move :s - 1x 7.5ton truck, 3x 3.5ton Lutons :( and we still filled another 2x 3.5ton vans and a pickup ourselves. (Was more than 2 bedroom heh).
     
  2. Dolly

    Gangster

    Joined: Jan 12, 2005

    Posts: 301

    Location: Norfolk

    Well spotted! Yes there’s a door there from the bedroom so it flows quite well :)
     
  3. silversurfer

    Capodecina

    Joined: Jul 13, 2004

    Posts: 18,880

    Location: Stanley Hotel, Colorado

    I dont expect housing prices to go down especially with such an easy monetary policy ongoing. I know people might not think it relevant exactly but the Federal Reserve state side is cutting rates again, they never raised back to normal amounts anyway and its indicative of the overall picture which will lead to weak currency and house prices continuing at similar levels. I dont think now is a house price boom, UK has population growth etc. If anything brexit means we are more tied to USA in trade and currency not that ECB is anything near to a hard line policy.
    Theres cost of housing and there is cost of finance and the interest payable is usually the greater of the two which means finding an amicable deal is probably a good reason to proceed. I know people hesitating but its only because they are caught in legal paperwork, the other problem is saving the deposit vs finding a house in range. Renting is a treadmill, I dont believe in waiting for nicer prices personally.
     
  4. HungryHippos

    Sgarrista

    Joined: Mar 25, 2004

    Posts: 7,548

    Location: Fareham

    It's quite crazy what £575K can get you over at Norfolk, nothing like that in this sort of price range around here (Fareham).

    Checking Zoopla I think it's because Fareham seems to have a higher average price/value by comparison. I reckon that would be an extra 100-150K down my way.

    Looks awesome though I'd certainly be happy with that!
     
  5. Dolly

    Gangster

    Joined: Jan 12, 2005

    Posts: 301

    Location: Norfolk

    Moving across the border to Norfolk is definitely worth it for the house. We’ve looked at dozens of properties (some closer to Cambridge and significantly more expensive) and just haven’t found anything which compares with the size and quality of this one.

    Mortgage applications have gone in and solicitor is instructed so fingers crossed we make some progress this week. We chose the flooring on Saturday and it will be installed in approx 3 weeks so hopefully we can exchange and complete on the same day shortly after that.
     
  6. toshj

    Mobster

    Joined: Aug 11, 2009

    Posts: 3,301

    Location: KT8

    With our exchange done and the removal company booked for Tuesday next week, this is our place:

    [​IMG]

    [​IMG]

    The basement is full height, so going to convert it into a kitchen-diner area. When that's done we're knocking through between the ground floor dining room and kitchen to have a double-fronted rear living room. Then doing the loft into a double bedroom and large bathroom. First thing's first is knocking the two toilet rooms into one bathroom, and the garden which is a total and utter mess - we reckon 20-30 skips worth of stuff.

    Other than the bathroom and the basement conversion, most of the other work will be a few years off I reckon, so we're going to give the whole place a lick of paint in the next couple of months. We've bought the place following the passing of an 80-something year old lady - it's very clean, but a little dated. Great location - we're about 50m from the Thames, 10 minute walk to Bushy Park, 2 minute walk to the train station and close by to loads of other areas (Kingston, Teddington, Richmond, etc.)
     
  7. krooton

    Caporegime

    Joined: May 9, 2004

    Posts: 25,736

    Location: Leafy outskirts of London

    Nice one, congrats!
     
  8. IvanDobskey

    Sgarrista

    Joined: Feb 2, 2010

    Posts: 7,890

    Location: East Midlands

    Nice looking house toshj :)

    That's some pretty impressive total floorspace.

    Sounds a nice location too, must have been seriously pricey.
     
  9. koolpc

    Capodecina

    Joined: Dec 2, 2004

    Posts: 11,580

    Location: Under The Desk, Wales

    Thats a lovely looking home you got yourself. Congrats
     
  10. toshj

    Mobster

    Joined: Aug 11, 2009

    Posts: 3,301

    Location: KT8

    Thanks all.

    It's a strange one. I grew up in the area so a return to my roots means that I look at the local property market in a certain way. It's ******* depressing when I think about the houses my friends lived in versus the cost at the time. Property in Teddington, Twickenham, etc. was affordable to average families. Now it's not. As I work for myself, I've had to save and save and save in order to afford this place. Honestly we're slightly over-paying for it. I did speak with the estate agents once the completion had gone through and asked them to be honest with me about competition for the house - it had 6 offers within 24 hours of going on sale, 4 at asking price. The neighbour then confirmed this. They were about to go to "best and final offers" for all bidders, but the day before I went ~4.5% over asking price, and then dropped it to 3.5% after a few things came up in the survey.
     
  11. IvanDobskey

    Sgarrista

    Joined: Feb 2, 2010

    Posts: 7,890

    Location: East Midlands

    Looks a cracking house anyway :)

    The two toilets thing is a little odd, definitely knocking them into one big bathroom would be high on my list of things to do.
     
  12. Mr Jack

    Capodecina

    Joined: May 19, 2004

    Posts: 17,922

    Location: Kiel, Germany

    There's no downstairs bathroom though and having a second toilet is definitely worth it so I'd leave it.
     
  13. IvanDobskey

    Sgarrista

    Joined: Feb 2, 2010

    Posts: 7,890

    Location: East Midlands

    Nice big house like that is itching for a nice big bathroom though. Maybe it'd be possible to get a downstairs one added somehow.
     
  14. toshj

    Mobster

    Joined: Aug 11, 2009

    Posts: 3,301

    Location: KT8

    They're tiny - used to be one larger bathroom but split into two when the place was converted into flat 40 odd years ago - and suffer from light issues and asbestos. If you look at the photo of the house front you can see the window indicating they were once one room. We're going to see if we can squeeze a small toilet into the space under the stairs in the basement, where a small utility area is planned. If not, then we may also put one into where the old kitchen is when we renovate that floor. There's only two of us and a baby, so no desperate need for a second WC for a year or two until the loft conversion is done. Although we realise a toilet on the lower ground floor would be ideal, it's tricky to squeeze one in.
     
  15. Mr Jack

    Capodecina

    Joined: May 19, 2004

    Posts: 17,922

    Location: Kiel, Germany

    Ah, fair enough. Not having seen the place myself its hard to tell.
     
  16. IvanDobskey

    Sgarrista

    Joined: Feb 2, 2010

    Posts: 7,890

    Location: East Midlands

    Buyers solicitors playing silly beggers now :( Getting a string of really dumb questions. Wanting documentation for the staircase and carport installation! They were part of the original build, long before I bought the place. Tempted to tell them to sling it and put it back on the market.
     
  17. MattTheTall77

    Hitman

    Joined: Dec 23, 2008

    Posts: 838

    To be fair, it may have nothing to do with the buyers themselves. If it is anything like ours the solicitors ask queries without consulting the clients. Ours have asked for evidence of covenant permission for extension, conservatory, building regs for the boiler, extension etc, certificates for the electrics and more. They've also asked for indemnity policy to be paid for by the seller as there seems to be no documentation at all for anything.

    I was surprised we weren't asked whether we wanted to take out the indemnity, or consulted before asking the seller anyway. The seller had turned down a 6k offer more than ours as they had already accepted, so I feel a bit cheeky now the solicitor is asking them to pay for more.
     
  18. IvanDobskey

    Sgarrista

    Joined: Feb 2, 2010

    Posts: 7,890

    Location: East Midlands

    It's been far more difficult than I expected :(

    There was a question about whether I had an indemnity policy too, which I don't as far as I know. So that one could cause problems next :(
     
  19. Mr Jack

    Capodecina

    Joined: May 19, 2004

    Posts: 17,922

    Location: Kiel, Germany

    Indemnity policies are a scam :(
     
  20. IvanDobskey

    Sgarrista

    Joined: Feb 2, 2010

    Posts: 7,890

    Location: East Midlands

    That's the feeling I'm getting too :(