The nervous wait to exchange....

  • Thread starter Thread starter noj
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LiE said:
They are coming across very naive.

I’m not pleased that it’s going to take the best part of 2 weeks for all these checks before she will start her searches. Or pull out.

It’s priced very well.
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Bit more info on this. They are looking for a structural engineer to check the house because the survey said "because it's a 1950s house" it's recommended :cry:

The drains is because again, survey says they cannot check drains so its recommended to have this checked by an expert. I mean come on!
 
LiE said:
Bit more info on this. They are looking for a structural engineer to check the house because the survey said "because it's a 1950s house" it's recommended :cry:

The drains is because again, survey says they cannot check drains so its recommended to have this checked by an expert. I mean come on!
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They'll probably come back to you after completion to tell them how to work the appliances, boiler, etc.
 
Has anyone sold through Purplebricks? I quite liked buying through it, the online appointment booking just made everything much more simple than constant phone calls with imbecilic estate agents, and given that all they do these days is put a listing on Rightmove, I don't really see what value traditional estate agents offer to warrant the vastly higher fees.

Valuations so far are a big higher than we expected, which is nice.
 
mid_gen said:
Has anyone sold through Purplebricks? I quite liked buying through it, the online appointment booking just made everything much more simple than constant phone calls with imbecilic estate agents, and given that all they do these days is put a listing on Rightmove, I don't really see what value traditional estate agents offer to warrant the vastly higher fees.

Valuations so far are a big higher than we expected, which is nice.
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You have to be careful with prices... there's a house I know in the village I sold my late nans house in - it's been on the market via purple bricks, so a 'DIY' sale I guess... with no reductions for about 8 months, still there now.

In the meantime I marketed with a 'normal' agent and completed in 4 months from first advisertising to completion... I know the local area & market well, and I know that the above house is overpriced by about £70k... hence being sat on the market for 8 months.

You really need to look at what's actually selling in your area to get a more realistic picture a local agent should be able to guide you if you don't know - they want a comission, so it's in thier interest to get as high a price for you as they can, but also it has to actually attract a buyer and actually sell!
 
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I’ve sold via them, it was fine but you’ve basically got to be prepared to do some of the legwork yourself. As long as it’s priced correctly per the above, it will get the same attention as any other property on RM.

There are a bunch of other online agents with similar models like Yopa.

8/10 interactions I have had with agents are awful both as a seller and buyer. I know a traditional high street agent has a hell of a lot more overhead than a call centre plus website but that’s never my issue. It’s the people they employ that say the most stupid things to their customers or just don’t have the relevant information/ to answer the most basic questions.

Agent accompanies viewings are just a complete waste of time, why no one sees this I have no idea. They know nothing about your property and can’t answer any basic questions about it. We even had one that didn’t even bother to make sure they had keys to the back door so we could look in the garden, utterly useless.

If you got competence for your money, I’d have less of an issue but you don’t.
 
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When comparing mortages any better places to look other than comparethemarket? thinking about moving now my mortgage is paid off and just want an idea of the expected interest rates, looks to be around 4.2% on a house worth 160k with 100k deposit. This sound about right, or do you get better rates going direct, e.g santander website etc?
 
brightside229 said:
When comparing mortages any better places to look other than comparethemarket? thinking about moving now my mortgage is paid off and just want an idea of the expected interest rates, looks to be around 4.2% on a house worth 160k with 100k deposit. This sound about right, or do you get better rates going direct, e.g santander website etc?
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Worth talking to a decent Independent mortgage broker, they shouldn't charge for an initial chat and should quickly be able to give you various options. I've used one every time we have moved or moved mortgage vendors it's never cost anything (he makes his money on commissions) and the deals offered have always been at least as good as I could find with the added bonus of him taking care of all the paper work and back and forth!
 
brightside229 said:
When comparing mortages any better places to look other than comparethemarket? thinking about moving now my mortgage is paid off and just want an idea of the expected interest rates, looks to be around 4.2% on a house worth 160k with 100k deposit. This sound about right, or do you get better rates going direct, e.g santander website etc?
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Be cautious on compare the market. I found it basically incorrect for my nationwide mortgage.
 
So buyer had all the assessments done, I had the chance to speak to them all when they visited and all said a few minor things, nothing serious.

So obviously the buyer comes back and says the house needs extensive work and they are reducing their offer by £25,000.. looooool absolute charlatan. Haven’t even backed up the ask with evidence from the assessments, because we know it won’t hold up.

I’ve told them where to go. Will need to have a think whether we re-list now or later in the year. Gives us a little more time to save.

Sad to loose the house we wanted, but they have a back up offer on the table.
 
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We are lucky in the sense that there isn’t an underlying issue that is spurring us to move. We are just financially in a different place compared to 10 years ago when we moved here. Within reach are bigger, nicer houses, in better areas. So it’s purely a want rather than a need.

We are weighing up the options, one being stay here for another 3-4 years. It would mean short term spending a bit of money on addressing some things we want to change in the house. Financially we can save quite generously here.

It’s tough. On one hand we have 175k and 14 years left on our current mortgage. On the other hand we can move to 500k mortgage over 28 years and move. I can probably clear my current mortgage in half the time. But this isn’t the house I want to spend the rest of my life in.

The stress of moving is a lot and has token its toll on my wife.

Sorry for the mini rant, it helps brain dumping my thoughts.
 
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LiE said:
We are lucky in the sense that there isn’t an underlying issue that is spurring us to move. We are just financially in a different place compared to 10 years ago when we moved here. Within reach are bigger, nicer houses, in better areas. So it’s purely a want rather than a need.

We are weighing up the options, one being stay here for another 3-4 years. It would mean short term spending a bit of money on addressing some things we want to change in the house. Financially we can save quite generously here.

It’s tough. On one hand we have 175k and 14 years left on our current mortgage. On the other hand we can move to 500k mortgage over 28 years and move. I can probably clear my current mortgage in half the time. But this isn’t the house I want to spend the rest of my life in.

The stress of moving is a lot and has token its toll on my wife.

Sorry for the mini rant, it helps brain dumping my thoughts.
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Have you looked at the amount of interest you are going to repay on that 500k mortgage? That is one hell of a burden to put yourself under.
 
@LiE this definitely sucks, as we've discussed it seems like your buyer was out for the best margin and buying as an investment rather then a home! shame really as they shot themselves in the foot and you.
Also the way the EA was handling things with the house you were buying as well was kind of off, I wouldn't have been surprised if even if your sale still went through all fine that you would have been gazumped on your purchase.

A good opportunity though to get your house relisted with alternative EA's as well for a potential fee saving even. Will be interesting to see what kind of impact the change to stamp duty will have on house prices over the next couple of months.
 
We saw a house yesterday, new build but been on the market over a year. It’s the last one of its type.

We’ve indicated we want to proceed with it and asked if the small developer would agree to a grace/exclusivity period while we sell ours. Let’s see. Stamp duty paid too.
 
This process has taught me so much. The difference between a good solicitor and a bad one is crazy.

We went into selling our house with a bit of naivety so for the sale of our house we went with the estate agent solicitors and for the purchase of the new house we went with the developers recommended solicitor...

The developers solicitor has been nothing but outstanding. She goes above and beyond for us and she is always at the end of an email or phone call..

The estate agent solicitors are fine. Not as easy to contact and can take an hour or so to get back to you but they're getting it done, slowly.

Now the solicitor that our buyers, buyer seem to be using are absolutely abysmal. Turns out they're using an online solicitor but they're so slow. We and our buyers have been ready to exchange since Monday but every single day this call centre grade solicitor keeps delaying things. Honestly they're making it such a frustrating experience.

They're using someone called 'Muve'. My advise would be to avoid them like the plague. Stealing a living.
 
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