The nervous wait to exchange....
- Thread starter noj
- Start date
It can be unregistered if it hasn’t been subject to a registrable transaction.
It would be subject to first registration post-completion, which your solicitors will sort. This is normal.
Your solicitors should advise you of any issues in advance as they will need to review the title to the property (which will be in the form of original hard copy deeds - or certified copies of the same).
It would be subject to first registration post-completion, which your solicitors will sort. This is normal.
Your solicitors should advise you of any issues in advance as they will need to review the title to the property (which will be in the form of original hard copy deeds - or certified copies of the same).
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Caporegime
Mortgage offer received. Now we play the ridiculous waiting game.
I've seen a house I'm quite keen on but the t&C's stipulate a non refundable deposit, non refundable agent fees and completion deadline of 30 days after exchange. Not seen any other listings with such specific conditions. Is that the seller saying chain free cash buyer only please .
Sounds like a load of bovine excrement to me... the market is in a bit of flux at the moment, prices are about 5% down on what they were last year, but maybe on the rise... but interest rates are still high... I suspect they are trying to bully buyers into comitting.
It's just bully tactics, and thats a big red flag. I wouldn't touch it with a barge pole unless it's a really good deal.
And that's all it come's down too... I wouldn't want to do business with anyone like that, because they probably have other things to hide.
It's worth what it's worth on the open market, no need for caveats and 'iffs or butts'.
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Soldato
These are the standard terms for an auction. It's probably being sold at auction. I expect a cash buyer arrangement would have all the same terms.
I would have typed exactly this, agree firmly. Our house was owned for 57 years from new, so wasn't on the digital land registry. It took 19 months after completion before we got the deed through - no complications, the land registry are just hugely backed up. It's perfectly normal for a first registration.
The seller sounds either difficult or not very clever - but the house itself sounds totally fine. So it's for you to decide if you want to go through the process being a bit of a pain, for the house you like. The windows aren't going anywhere for sure. Gardens can be replanted to your tastes.
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tbh we had new windows about 5 years ago and i know the company went bust a year later so if theres no problem dont worry, i was always told if its written in as being left it should be there but if not assume its gone. as regards plants some may only be removed at certain times of the year, however if there there when you move in then its up to you if you allow the to be removed.
when we bought this place 38 sum odd years ago we had to faff to get the key even though the monies had transferred and cleared, took 5 hours running around to find last owner who had it.
we opened the door in the dark and went to put the light on and nothing ...they had turned utilities off.
normal you say ....when we turned them on still no lights all bar 1 fitting removed just chock blocks hanging from the cielings walls etc.
good job band q were open till 8pm .....
when we bought this place 38 sum odd years ago we had to faff to get the key even though the monies had transferred and cleared, took 5 hours running around to find last owner who had it.
we opened the door in the dark and went to put the light on and nothing ...they had turned utilities off.
normal you say ....when we turned them on still no lights all bar 1 fitting removed just chock blocks hanging from the cielings walls etc.
good job band q were open till 8pm .....
As others have pointed out sounds like an auction - specifically a modern auction. Depends on if you are happy to proceed with such terms as they are all binding sadly.
Also completing within 30 days with cash ready and searches ordered on day of acceptance is hard enough. What penalties are there for going over the deadline?
I've only seen these modern auctions once in my area and it came with a big discount (£275K instead of normal asking price of £350K at the time) which I presumed is because of the stringent time to close the deal (and the nonsense caveat that the auctioneer can increase the deadline if many bids are received which just smacks of greed).
Don't get tied in to paying 'full price' for a property running these terms. The seller is putting a lot of pressure on the sale to get it completed in an accelerated time frame, they must yield on price for that benefit.
Don't get tied in to paying 'full price' for a property running these terms. The seller is putting a lot of pressure on the sale to get it completed in an accelerated time frame, they must yield on price for that benefit.
Man of Honour
Having the most bizarre experience with an agent. Put a request through to view a house, been on the market since August. Get there, all great. Told there is another interested buyer who made an offer, sold their house, their buyer pulled out, sold their house again at much less than they did previously so put in a new offer on this house lower than before.
After a bit of back and forth we offered asking, which I was so reluctant to do, but the house ticks most boxes, besides perhaps being a bit further from the town centre as we’d hoped.
During the viewing they said asking price would do it, but during the Christmas period, they said the vendor is sticking with the other buyer (below asking, in a chain, no end in sight) whereas we are chain free, can move at their pace etc. On the day the agent couldn’t stop saying how great a fit it was for us and how lovely we were blah blah blah. Typical sell but no indication that it was sold. It’s still on the market, not SSTC but they are keeping it on the market so they can inform all the other interested buyers, which they said there was just the one (the now accepted one) so that makes no sense to me. Perhaps they are playing a game? They haven’t suggested increasing the offer above asking (I wouldn’t) but that’s my only guess.
Anyhoo, despite that there are a few similar properties (one next door almost identical) with other agents.
The bizarre thing is though, knowing our position and the other properties the agent has they haven’t even tried to suggest any viewings, they just said good luck with any other viewings you have. Do they not try to proactively sell houses anymore?
We’ve moved from London, where it was so easy, had like dozens of viewings on our place and sold quickly, but around where we are looking there are plenty up for sale but listed for a long time.
Surely any agent would recognise we are an ideal prospect as if we view on of their listings, we are likely to move quickly and they get their commission.
Perhaps I’m missing something blindingly obvious.
After a bit of back and forth we offered asking, which I was so reluctant to do, but the house ticks most boxes, besides perhaps being a bit further from the town centre as we’d hoped.
During the viewing they said asking price would do it, but during the Christmas period, they said the vendor is sticking with the other buyer (below asking, in a chain, no end in sight) whereas we are chain free, can move at their pace etc. On the day the agent couldn’t stop saying how great a fit it was for us and how lovely we were blah blah blah. Typical sell but no indication that it was sold. It’s still on the market, not SSTC but they are keeping it on the market so they can inform all the other interested buyers, which they said there was just the one (the now accepted one) so that makes no sense to me. Perhaps they are playing a game? They haven’t suggested increasing the offer above asking (I wouldn’t) but that’s my only guess.
Anyhoo, despite that there are a few similar properties (one next door almost identical) with other agents.
The bizarre thing is though, knowing our position and the other properties the agent has they haven’t even tried to suggest any viewings, they just said good luck with any other viewings you have. Do they not try to proactively sell houses anymore?
We’ve moved from London, where it was so easy, had like dozens of viewings on our place and sold quickly, but around where we are looking there are plenty up for sale but listed for a long time.
Surely any agent would recognise we are an ideal prospect as if we view on of their listings, we are likely to move quickly and they get their commission.
Perhaps I’m missing something blindingly obvious.
Soldato
Lower your offer and walk away.
Soldato
This, but tell them you are of course ready to move forward ASAP and serious about the house...
Man of Honour
Yea good idea. I did say we were wanting to live on this development and would like to purchase but instead she wished us the best of luck.
So I concluded the email with a thank you and that we will look to offer on one of the other two (one directly next door) instead. Slightly different layouts but not significantly and not value affecting.
So I concluded the email with a thank you and that we will look to offer on one of the other two (one directly next door) instead. Slightly different layouts but not significantly and not value affecting.
Soldato
Exchanged today, complete in 12 days…
This is a previous advert
Currently owned by an elderly couple (lesbo) so decor isn’t quite our taste nor the paint etc but its A rated for energy stuff which is good, and has been done well. Lots to do
This is a previous advert
Currently owned by an elderly couple (lesbo) so decor isn’t quite our taste nor the paint etc but its A rated for energy stuff which is good, and has been done well. Lots to do
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Epic place. That kitchen door decor never, ever, ever, looked good though. My friend moved to a similar place in Sheffield and has floorboard effect wallpaper? I mean wth.
The bathroom is cool though- some mega design work gone on.
What was the clinic for?
Soldato
Nice location too!
Soldato
Podiatry Clinique . I have a feeling it was one of their sons? Obviously batted the other was for a while …. The door is a gimmick but may be useful to keep dogs in / out . Which incidentally is the same as all other type of doorsEpic place. That kitchen door decor never, ever, ever, looked good though. My friend moved to a similar place in Sheffield and has floorboard effect wallpaper? I mean wth.
The bathroom is cool though- some mega design work gone on.
What was the clinic for?
Yes , it’s done well but it’s not fitted out well if that makes sense. A few small changes will have it looking a lot better .
Thanks, it’s a small village we are moving from Northampton which is about 10 mins away .