Buyers support thread - stressed? Worried? Stuck in a chain? Gazumped? Well come and join us here

[Bakingnovice]

I can't see if there is already a thread like this so here goes..

We finally upped our offer enough for it to be accepted on our dream house. It's been stressful so far and this is just the beginning. We have had so many let downs: vendor changing mind, vendor getting higher offer etc and we hope this sale goes through smoothly. We've been looking for years. Come and join me if you're buying and equally stressed....

[Bakingnovice]

Sammi - good tactic. I've learnt through bitter experience that one of the worst things to do is to fall completely in love with the house.

Musical - keeping my fingers crossed for you.

Flow - wow. You are amazing to be dealing with this on your own. And I'm with you on the junk. I have no idea how I'm going to pack our lives. I might even have to start culling years and years of the kids school books!

[sammisatt]

Flow. I think this feeling is normal. I get that feeling when I'm happy and things seem too good to be true! It sounds like at this stage there is nothing likely to go wrong although i imagind you won't be exhaling till you sign on that line!

[BramblyHedge]

Need to vent. We looked round a property which has been on for a year with one failed purchase. We were told they were keen to take an offer, wanted to complete on another purchase etc. We looked as although it is a bedroom short of what we needed, we could extend. We started with 10pc down. Refused. So then tried two more offers. The last offer was what we were told they would accept. It has been refused and they want another 2.5k. I know it isn't much but I am so pissed of I dont want it any more. We are offering 98 pc of asking on a property that has been on for a year ffs.

[BramblyHedge]

Oh...and they are trying to tell us they have done lots of decorating so it is worth it. It is so naff we'd redecorate anyway.

[flow4]

Houses have often been on the market a long time for a reason, Brambly... There are some odd people out there!

[flow4]

And thanks, sammi :)

[BramblyHedge]

Yep flow! I am not a game player so can't be bothered with it any more.

[BramblyHedge]

If they want to hold out for the extra 2pc then they can

[Bakingnovice]

Brambly I know exa you what you mean. I just can't believe they are calling today's situation a buyers market. Buyers market my arse!!! I don't blame you for not wanting it.

I've never met a seller who didn't want asking price. Oh, except us. We discounted ours by 25% and then put in new windows and doors. The buyer we had offered 50% of the asking price on the basis that it was a 'complete dump and needed full refurb including new windows and doors'!!! That was the final straw. We took it off the market. We can't give our house away FFs.

[BramblyHedge]

I think their estate agent was a bit 'frustrated' with them!

[Turnipinatutu]

Good for you Brambly. I can't stand the games either.

Baking- 50% of the asking price! they must have just been trying their luck.

We now feel we're in a stand off situation having offered our max and the vendors saying no not at the moment. Which I thought was an odd response.
I do wonder if they want to keep marketing at the current price until the end of the month just in case.
I'm assuming things go quiet once the schools break up and everyone is off on hols?

Just hope nobody offers on it between now and then and we could be in with a chance.

[doglover]

I don't want to tempt fate but I may have some good news!! Our buyers have finally got their act together and are suggesting exchange next week to complete on Friday 19th July!!

I want to be excited but can't relax until we exchange. It's looking more possible - it might actually happen!!

[Bakingnovice]

Dog that is soooooo exciting! Fingers toes and everything crossed. We might get our first completion of the thread.

Turnip - up here this time is the busiest for sales as its when people are moving for better catchment areas before schools reopen in sept. I really think your sellers might be on the verge of reducing judging by what the agents said.

And yes, offering 50% was a joke. They upped their offer a few weeks later saying it was their dream house, it needed v little work, they loved the new windows yadda yadda yadda. But we had taken it off the market by then and felt the buyers were disingenuous.

[Turnipinatutu]

Dog, that's fab! Keeping everything crossed for you keep chasing that solicitor!

Baking- So it went from being a dump, to their dream house.....oh dear, bet they were kicking themselves!

[Bakingnovice]

That's great news toomuch!

[BramblyHedge]

After a frustrating few days I sent DH leafleting tonight and he has had a call before even getting home. He is currently looking at a property on our fave road. Probably too much but a quick response!

[Bakingnovice]

Wow. Fingers crossed, it'd be great if you found something and could stick two fingers up at the other vendors.

[flow4]

That's good Brambly!
One of the most stressful things, I find, is the way nothing happens for ages and ages, and then suddenly everything happens at once! We're not in a position to exchange yet, and probably won't be until the end of next week... It seems to be taking aaaaaages! But if everything is OK then, we could exchange within 2 days, and possibly even complete then too!

[BramblyHedge]

DH says the house would be perfect. The owners are going to get some valuations next week. I know it will probably come to nothing but it is something to latch on to.

[BramblyHedge]

I know flow. We are only at the beginning and cant believe how stressed I am.

[Misty9]

Hi all

Good to hear of some progress - and hi to the new joiners. For us, the survey has come back fine and we are days away from getting the mortgage approved. Searches have gone out and we are constantly badgering in regular contact with our sol. Fingers crossed for our beginning of August deadline!

I've chosen wallpaper for some of the rooms already... So excited to finally be getting our own home that we want to decorate a couple of rooms before we move in if poss :)

[Bakingnovice]

Hello misty. Did you get a homebuyers survey or a full structural one?

We are still waiting on survey date (on our current home as we are letting to buy), submitting cheque for searches (again on current home) tomorrow and then fingers crossed mortgage is approved. Really nervous even though remortgaging our current house will release 75% of its equity, and this together with savings means we can buy our new house outright. Hope that makes sense. Still feels scary and in an ideal world would love to have sold this house. But our dream house appeared as if by magic!

Misty - I've been looking at wallpaper too. Not good as I'm trying to not get attached. My biggest dilemma at the moment though is carpets. Currently I have cream throughout, but going to go a bit more sandy hessian coloured in the new house. What wallpaper colours does everyone like??

[Bakingnovice]

Can I ask you all your opinion?

We are remortgaging our current home to 75% of its value of £200k. The £150k will go towards our new home purchase, our current house is mortgage free and we have tried to sell gor ages. The remort will release 150k which is approx 30% of the asking price. The remaining 70% is made up of our savings. So our new home will be mortgage free but we will have a mortgage on the house we vacate. We hope tenants will move in and their rent will cover the mortgage payments. For void periods we could afford to pay the mortgage ourselves.

We have a two year fixed term mortgage and we hope that after two years we can try to sell our house again and totally redeem the mortgage.

Dh runs his own successful business. I'm currently not working but looking to go back in a year. He thinks there isn't much risk but I'm terrified. Dh says that buying a £400k+ house with a small mortgage is not risky and when we let out current house the rent will cover the mortgage payments. I'm not so sure. We've never stretched ourselves to buy but the new house will be our final ever move and needs v little work. Am I worrying too much?