The nervous wait to exchange....

  • Thread starter Thread starter noj
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kinobestew123 said:
We're just about to join you guys in the wait to exchange. We've had the vendor come back to us with an offer that we're happy with and so when the estate agent opens this morning I'll phone up and accept. :D

It's going to be our first house.
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you mean the 'purchaser' has come back with a good offer? Make sure the agent has qualified the buyer and know their financial position i.e. how much deposit, how its being funded, have they got an Agreement in Principal or a Decision in Principal from a lender? Are they using a broker? Legally the agent should at least have asked these questions on your behalf.
 
fastwunz said:
you mean the 'purchaser' has come back with a good offer? Make sure the agent has qualified the buyer and know their financial position i.e. how much deposit, how its being funded, have they got an Agreement in Principal or a Decision in Principal from a lender? Are they using a broker? Legally the agent should at least have asked these questions on your behalf.
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I'm pretty sure he means a counter-offer. He even states that "it's going to be our first house"!
 
completed yesterday at around 11am.

Have to say it was rather exciting on the phone being told all good to collect your keys.....

I was like a big kid i wanted to run around. Then i got the keys, then went to the house to remind myself exactly how much work needs doing.

Then wanted to give the keys back lol
 
Lol Regy. We are looking forward to completing when I return from America in a few weeks . We are giving over all funds before we go away on Thursday so nothing can really hold us up. Exchange paperwork is signed etc.

I think with ya new place regy you just gotta prioritise the work. If it needs replumbing/wiring then get that done before anything else.

Then once that, or any structural work is done then just decorate your living room, kitchen and your bedroom. Then take a breather and do your secondary rooms bit by bit.

Or alternatively do the whole lot in a oner.

Would suck to live in a building site. Kinda takes the fun out of it.
 
So its now the third week of the social housing saga. So far they have viewed the house and deemed it appropriate, sent a valuer last week and today they are sending a surveyor. Hopefully they get all the faff out of the way now and if they go ahead with an offer it will be plain sailing.
 
got my survey booked for today, when i get this back is there anything specific i should be looking for?

damp im led to believe will be raised (severity unknown, from when we viewed i noticed nothing obvious. no mouldy walls, peeling plaster/wallpaper) but its a victorian property so i assume there will be no damp proof course (unless the current owner has had one put in)
 
As a buyer, is there any reason that I shouldn't instruct my solicitor now before I've had my mortgage accepted?

If the mortgage doesn't go through for any reason, would I still be expected to pay the solicitors fees even if things haven't gotten off the ground?

I want to make sure everyone is doing what they should be as early as possible.
 
joelk2 said:
got my survey booked for today, when i get this back is there anything specific i should be looking for?

damp im led to believe will be raised (severity unknown, from when we viewed i noticed nothing obvious. no mouldy walls, peeling plaster/wallpaper) but its a victorian property so i assume there will be no damp proof course (unless the current owner has had one put in)
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Which survey did you go for, when you get it back the issues (there will be issues) will be traffic light style so take a good look at the red ones. Most of the other ones will be things that are maintenance mostly and expected from an older house.
 
meandu229 said:
Which survey did you go for, when you get it back the issues (there will be issues) will be traffic light style so take a good look at the red ones. Most of the other ones will be things that are maintenance mostly and expected from an older house.
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we went for the home buyers report. when reading around it seemed that this was the most appropriate for the type of property.

"It is particularly useful for older, larger or non-traditional properties, those that have been extensively altered, or if the buyer is planning a major conversion or renovation. Clearly this survey will be necessary if the property is dilapidated"

Its fairly old but its a traditional and not what id call large. Its not been altered and i dont plan on converting/renovating. The property itself is very well maintained and the owner has taken very good are of it from what i can make out.

hell the floor boards didnt even creak (after owning my brand new first house within a year they started creaking)

i guess our reasoning was that if we felt that we needed the full structural survey then A. we could afford the repairs and B. we wouldnt want the house anyways.
 
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So we have just gone sale agreed at the asking price. The buyer is a social housing group who have already surveyed the house etc so hopefully it will be straight forward from now on.

Now to find a house to buy.
 
Had the valuation report done for the mortgage and just had the a building survey done by a separate surveyor for my own peace of mind.
Won't get the report until tomorrow but feedback so far seems to be very positive :D

Just need to get the searches started but my solicitor won't act until contracts have been sent over?
Will be chasing the other solicitor tomorrow.
 
Finally got the last set of searches back. The vendor is just waiting on theirs now and then hopefully it'll all speed up again. I'd like to be in at the start of August if at all possible.
 
So the survey came back.

All seems fairly normal. One urgent thing is someone to check electrics as they are old (although he's just put an upgrade may be needed)

The only thing that's worrying is that it's potentially got asbestos in the kitchen ceiling. Is this something to worry about?

It's a 95yr old Victorian property.

Here is section of the report
http://imgur.com/achsO6r
 
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