The nervous wait to exchange....

[DRZ]

Finally completed today! From offer accepted on house #1 on the 2nd July to just about scraping through completing today on house #2 at 16:59 it has been a trying 8 months indeed!

Still, feels good to be done with the constant nonsense with solicitors and be starting the new chapter.

Looking across the front lawn/driveway from the front door outward

The garden goes back another ~10m behind those trees at the back where there is a greenhouse, some veg patches and a pile of logs seasoning for the wood burner etc.

 

[Buffman]

Finally completed today! .

Wow decent pad that! Corner bifolds a complex structural detail too. What's the extension look like at the back of the house ? Looks good

 

[DRZ]

Wow decent pad that! Corner bifolds a complex structural detail too. What's the extension look like at the back of the house ? Looks good

Looking back from the garden:

Inside it is a kitchen and utility - it isn't quite how I would have done it but what they have done they've done well IMO.

Utility is through the door you can just about see in the bottom left and is the remainder of the white wall you can see in the previous picture.

 

[IvanDobskey]

Wow, great house that! Congrats

 

[Peerzy]

Congrats @DRZ - looks great!

 

[Deleted User 298457]

Epic..corner doors are amazing.

 

[jonneymendoza]

Finally completed today! From offer accepted on house #1 on the 2nd July to just about scraping through completing today on house #2 at 16:59 it has been a trying 8 months indeed!

Still, feels good to be done with the constant nonsense with solicitors and be starting the new chapter.

Looking across the front lawn/driveway from the front door outward

The garden goes back another ~10m behind those trees at the back where there is a greenhouse, some veg patches and a pile of logs seasoning for the wood burner etc.

Wow is that in the uk?

 

[DRZ]

Wow is that in the uk?

Yep

Thanks @Peerzy

Spent the day there today having moved a few loads of stuff over. Still as in love with the place as we were after leaving the first viewing which is ace

 

[CaptainRAVE]

Exchange contracts signed

Offer accepted on a new apartment in Brighton for use when I want to escape from the daily grind.

A good day.

 

[Vita]

Well, we’ve recently put the old place up on the market. First offer is 200k shy of asking, without the buyer even physically seeing it.

I get that it needs some indoor modernisation, but some people really do try their luck.

 

[jonneymendoza]

Well, we’ve recently put the old place up on the market. First offer is 200k shy of asking, without the buyer even physically seeing it.

I get that it needs some indoor modernisation, but some people really do try their luck.

What's wrong with putting an offer just shy off?

If they put an offer that's half your asking price then fair enough lol

 

[DRZ]

What's wrong with putting an offer just shy off?

If they put an offer that's half your asking price then fair enough lol

The property value must be immense for £200k to be "just short". As he actually said £200k shy of asking it probably is a **** take.

 

[jonneymendoza]

The property value must be immense for £200k to be "just short". As he actually said £200k shy of asking it probably is a **** take.

Ahh soz I read it wrong. I thought the property was 200k and the person offered just shy off of that value.

200k off? Tell that person to go do one

 

[Vita]

The property value must be immense for £200k to be "just short". As he actually said £200k shy of asking it probably is a **** take.

It’s expensive for the city imo,, but we priced it a little above market value so that should any offer come through, it would be around market value or as close to.

I get people will try their luck if a seller is after a quick sale but if we were, we’d have priced it accordingly.

 

[Deleted User 298457]

Tbf your comment about 'needing a bit of modernisation' is always lollable. Pics?

 

[grudas]

we're looking at a house that's up for 400k tomorrow, seems a bit cheap compared to houses that were sold around the same area (most are 425-475) and sell with offers over.

it does look spot on from pictures etc and if it checks out when we view it, we'll probably have to offer 10% over asking just to have a chance! not sure if offering less, say 425 and going from there is sensible? our max is really 450k due to LISA limits as I've posted above. What would the sensible approach be? the house is exactly what we want and in perfect location for us, it's a forever home so we're not too fussed on resale etc. Just don't really want to over-pay.

 

[ci_newman]

we're looking at a house that's up for 400k tomorrow, seems a bit cheap compared to houses that were sold around the same area (most are 425-475) and sell with offers over.

it does look spot on from pictures etc and if it checks out when we view it, we'll probably have to offer 10% over asking just to have a chance! not sure if offering less, say 425 and going from there is sensible? our max is really 450k due to LISA limits as I've posted above. What would the sensible approach be? the house is exactly what we want and in perfect location for us, it's a forever home so we're not too fussed on resale etc. Just don't really want to over-pay.

What does Zoopla etc give as a price estimate? The EA might have listed at a lower price expecting to instigate a bidding war. It'd be interesting to know how many viewings they've got lined up as that will give an indication as to how "hot" the property is.

 

[CaptainRAVE]

The day of exchange and our ****** buyers come up with a list of problems, basically some minor storm damage. I’m fine with splitting the cost, but on the day of exchange is an ******** move. At least they’ve finally transferred the deposit money.

Now I just have fingers crossed that the place we are buying are patient while we provide proof of funds from multiple sources.

 

[squerble]

Had our offer accepted middle of Jan, and the valuation and Home Buyers' survey has only just been booked for the middle of the month. I'm sure me and my partner are cursed when it comes to trying to buy a house; this is our third attempt now. We're chain-free, buying an empty house that the (now-split up) owners are desperate to move on. I don't know how I'll handle it if this one falls through too.

 

[Semple]

Already doing it. Waited for the estate agent’s call. As soon as they started talking about the extra money the seller wanted I mentioned I had spoken with my solicitor and surveyor. They were pushing for a cash top up and I said the solicitor advised against a side agreement. Then I mentioned I had spoken with my surveyor and they reiterated the top end of the valuation is still what we agreed to originally. This was then used to cast doubt on a quick resolution with the bank and that it would be unlikely to be successful or could be complicated. I said we can get on with it now at the current offer or we could be delayed for a long period. He’s taking that back to the seller.

I also said I’m waiting to speak with the bank and as it’s half term my contact at the bank is not available to meet to discuss it yet. Either the seller will cave in this week or they will contact me to try and get an update on the bank. I’ll tell them I have a meeting booked with them a week later. Again reiterating it’s going to be complicated and slow or we can take the current offer as it stands.

I have a few other delaying tactics up my sleeve. I’ll throw the whole going into a chain thing in again and that will really test if they want to wait 4 months for more money. That should break them especially if I can run them out for a month or so before we get to that point.

How are you getting on with dragging it out?

@grudas and @jonneymendoza I feel for anyone who got dragged into the LISA mess. I did too. First opened it because it was the sensible thing to do as a potential FTB - even Martin Lewis was telling everyone to open one whilst you can. Long story short, once my partner and I took the plunge to buy together it went straight out of the window. I feel very aggrieved at the penalties on LISAs. For the government to actually penalise people who are simply saving for their first home is absolutely disgusting. I ranted about it on here but was mostly met with indifference (because I live in London ), I found one of my posts which explains the problems better than I need to type again;



I did actually write to my MP and complain, so I urge you to do the same. a lot of people are already calling them the next insurance mis-selling scam, and I believe it.

The terms and conditions of the LISA were pretty clear - and i was burned by it myself. Annoyingly with the 12 month min term, we originally had the older HTB ISA's but those had a maximum of 250k which really wasn't going to get us much. So the LISA 450k limit looked more favourable. But as luck would have it we found a house we liked and within budget a few months later which meant pulling the money out of the LISA and taking on the 25% hit.

Ahh soz I read it wrong. I thought the property was 200k and the person offered just shy off of that value.

200k off? Tell that person to go do one

It surely depends on how much the property was up for.

400k asking with a 200k offer - yes absolutely taking the ****, and i'd be surprised if the estate agent would even contemplate the offer
3mil asking with a 2.8mil offer - that's not really taking the ****, it's akin to offering 280k on a 300k house.