The nervous wait to exchange....

  • Thread starter Thread starter noj
  • Start date Start date
Agree with all of the above, you'd be crazy to remove it from the market.

The only time you should end up in a situation where you are off the market and your buyer hasn't sold is if their buyer pulls out and you give a week or 2 grace to allow them to find another buyer to slot in and not lose the solicitor progress with your existing buyer.

Doing what you've done is pure madness.

Also love it when EA sell the "they're a cash buyer*




*once they've sold their house" line.
 
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We've been looking at properties, seen some we like, but there's never been a estate agent that would entertain any offer until ours was also under offer and I think that is the sensible way. So yes I agree, do not take off the market..
 
I've had 3 agents round so far, valuations were
1. £525k, accept £500k
2. £520k
3. £425k :eek::confused:

I know the market is in a slump, but £100k difference?
 
Joe Jones said:
@nst68 - check the Zoopla estimate at https://www.zoopla.co.uk/house-prices/
I find the low figure is more respective of the current house values.

The £425 is very low...perhaps you could ask them what their reasoning is?
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Thie is the Zoopla instant valuation.

6WPmy7f.png


Got another agent coming tomorrow
 
Contracts finally been exchanged and sale legally set for Friday.

This has not been helped by the buyers solicitor who has repeatedly asked the same questions, got the completion month wrong (one date was a bank holiday) and even got my house number wrong.

Then they got the buyer into a panic, again, all because they're inept saying they hadn't had my signed contract. A contract I signed weeks ago and they only asked for late on Monday

Honestly, her solicitor needs to pay her compensation for trying to give her a heart attack.

Nearly there...
 
nst68 said:
Thie is the Zoopla instant valuation.

6WPmy7f.png


Got another agent coming tomorrow
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What it sells for and its value are 2 different things. My Zoopla is similar 539low to 630high and estate agent valued at 475 "to sell". Given the last 2 house sales in the street I think the low is pretty accurate (I actually think 525 is about right for mine). Deduct 7-10% from its value and you'll be in the wheel house of keenly priced.

I've been looking on an off for last few months. Imo worse place to be is chasing the market as I've seen a good few houses starting from a too high position and even thought theyre dropping prices it's still lagging where it should be. Needless to say they're unsold and start to feel unwanted.
 
Sure sale price and value are different but then you'll get regional and local variations and personal circumstances where they do align quite well. Personal issues may mean someone has to dump property well below value for a quick sale but thankfully that's not normal at the moment.

Zoopla instant valuation low end puts our house at 544 and we accepted an offer at 538.
The house I'm looking to buy did have a low valuation at 374 and 367 was accepted.
So I'd say it's a pretty good gauge at the moment for most properties. (exception being if you have an unusual house or very large plot of land, super high spec, etc)
 
End of the day if you want to sell it's only worth what someone will pay but valuing can be seen as a numbers game of you want to appeal to the wider market and not just that narrow pool of ideal buyers. Besides if the house you want is suitably reduced you're no one's losing out, just the prideful lukewarm sellers who want to sell but not really.

Someone (think BoE) have forecast a high 4% dip in prices this year and 3ish next year but net increase over the longer term.
 
Had the last agent round earlier.
They said you can try for 525 but 500 is more realistic, they recommended putting it on for "Offers in excess of £500,000" and we probably still get offers below that, but not too much.

We're looking at buying a new build that won't be available until Jan/Feb next year, so not going to take ridiculous low-ball offers.
 
Phew!

Well the people i agreed to hold the house for have messaged to say their original buyers have confirmed again and they also had another viewing who was measuring up on a second viewing which seemed like a good backup!

Screw you guys and your pessimism :p
 
Martynt74 said:
Phew!

Well the people i agreed to hold the house for have messaged to say their original buyers have confirmed again and they also had another viewing who was measuring up on a second viewing which seemed like a good backup!

Screw you guys and your pessimism :p
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Lots of words here to make you feel good; none of which mean you can screw us yet :o :cry:
 
Martynt74 said:
Phew!

Well the people i agreed to hold the house for have messaged to say their original buyers have confirmed again and they also had another viewing who was measuring up on a second viewing which seemed like a good backup!

Screw you guys and your pessimism :p
Click to expand...
Second viewing?! I made an offer on the train home from our first viewing, a Saturday, and had to do best and final offer on the Monday morning. Things have changed a lot in 18 months!
 
Buyer pulled out even after getting agreement up the chain to discount for the unnecessary roof. Absolute time wasters! Wish we were in Scotland to avoid this crap!
 
Kamakazie! said:
Well ours exchanged and completed in a big rush this week. What a shambles, but at least it happened and we are in.
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That's often the way, we exchanged on the last working Friday before Christmas last year and completed the same day.

Spent Christmas day hacking ivy down around the patio door and eating sausage beans and chips for the festive lunch.
 
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