I'd value some advice.
My OH and I will put in an offer on a house on Saturday am (tomorrow) - full asking - and will ask that the house be taken off the market. We are first time buyers, solid deposit we've put blood,sweat and tears into pulling together and chain-free in shared rental so able to move quickly. We're told our offer is very likely to be accepted.
The vendor is a developer and the also house is chain-free but does have a tennant currently - although it's his mate basically who appears to only use 2 rooms and not a stick of furniture etc in sight and we're assured that he's happy to move out at 4 weeks notice.
My question is around timescales to completion. I've never bought before and everyone tells us stories of offers accepted in one month and moving in months and months later. I'm expecting my first DC in February and desperate to move in by Christmas. Is this realistic?
We don't have a mortgage-in-principle but are ready to move things forward with our mortgage broker - looked at offers, checked credit, got our paperwork in order.
The house looks REALLY solid and has a new roof, electrics, boiler and plumbing - no nasty extensions, likely boundary issues or large trees that may cause mischief around.
I'm just starting to panic as everyone keeps raising their eyebrows when I say we hope to be in by christmas and telling me it won't happen. I know various unexpected things could happen eg gazumping, vendor pulling out etc but is it not possible to do this in 4.5 months? I've not heard one good story and several friends have told me to give it up now and start looking for rental so I don't get stuck struggling to find a rental place for my baby without 3 other people in it as my current place does. Currently very competitive to find a rental property in london right now and I don't want to start eating into our deposit as a 1 bed place would be much more expensive than our bargain houseshare.
Thank you if you've read this far. Just interested in any thoughts/experiences. I know I may be panicking a bit - hormones kicking in - but had another tale of doom at lunchtime.
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Am I being optimistic with timescales offer to completion?
13 replies
ITryToBeZenBut · 05/08/2011 17:06
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