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....

No news yet. We may now not hear till the end of the month! I wish they'd just put us out of our misery!
He did go for an interview the other day which went well and they may well want a second interview in a couple of weeks.
Meanwhile, dream house is still on the market.....I know, I've been checking every day and I'm doing all I can to make our house saleable at short notice, just in case.

Grad- sorry to hear you didn't get your house but you're right to walk away and not get dragged into a bidding war.

Too much- good luck with the packing/cleaning.

Flow- any news?

Baking- how about you?

Grad sorry you did t get your house. Keep looking.

Turnip - it's rubbish that you have to wait another few weeks. Don't lose heart. Stay positive.

Too much - where did you get all the cheap packaging? Also will the removal men dismantle beds/furniture and reassemble the other end?

Flow any news?
Misty?

As for me, having another wobble. Basically some of our cash for the purchase is in our business account and have only just realised how difficult it is to withdraw money from a business account. Feel really dumb as we are both clever but so stupid with regards to this. Neither dh nor I have ever really withdrawn salary etc so it's built up and now we can't touch it unless its a big dividend payment (lots of tax) or a directors loan ( again massively problematic). Dh going to see an accountant today so please keep your fingers crossed that he gives us some good advice. I don't suppose anyone here has been in a similar situation? What fools we are!

Oh Baking, that sounds like a big headache! Hopefully your accountant can come up with a plan. There must a way around it.
I wouldn't have know that could be a problem either...

The accountant is sorting it but basically the upshot is that we will be pushed financially and will have to live off dh earnings. To date these have been sufficient but now all I keep envisaging is an almighty collapse of his business. Also, after two blissful years off I think I'm going to have to go back to work. Is it worth it? All this stress for a house!

Are you upsizing?
The stress, it would appear, is inevitable for most of us! But temporary.
The added financial stress is likely to be temporary too. Most people struggle to a certain degree when taking on a larger mortgage, but it should ease with time as your earning power grows. If it doesn't you will still own the house to sell and downsize again if it doesn't work out.
If it's what you want and you won't be putting yourselves in too much of a financially vulnerable position, then it's worth a shot. No?

Oh turnip thank you. We have everything in place with good savings and let to buy mortgage approved. It's just this issue with dh accounts which has sent me into a tizz. You're right though, it'll be tough but if we pull out of our purchase it just means in a few months we will be looking again and be in the same position of stress.

I know that makes no sense. I will be devastated if we pull out as the seller will lose her purchase and although I swore I wouldn't do this, I've already pictured us living in the house.

Hi all
baking dh is self employed too and he does directors loans a lot - says they're quite straightforward? But thank you for getting me thinking about where our capital is coming from! Savings, so we're ok re business account.

grad welcome, and sorry you didn't get the house. Are you buying in London by any chance? Sounds crazy

As for us, it's all a waiting game now. Waiting on the vendor to stick a rocket up their solicitors backside so out of our control. Deadline for this month fast approaching...a week Monday. Really hope we make it or don't get pressured to complete sooner if cant hand notice in until September. I do remember the final stages being the most stressful!

Quick question re surveys... It seems to be common practice to renegotiate price after buildings survey - is this what others find? Our survey didn't flag up anything major, just a bit of damp, potential asbestos in upstairs ceilings, slightly rickety chimney stack and some duff guttering (which is probably causing the damp). That's nothing scary is it??

Hi Misty sounds good to me. I had a private surveyor visit and write his report last week - before the Mortgage Valuer survey. My survey came back with a similar little list - asbestos in the back guttering, chimney stack lead missing, and a rickety roof on the outhouse/shed thing.

It does have original 1940's electrics but they passed all the safety checks and are covered.

I'm not sure what "people" do in general - first time buyer and massively out of my depth - but I'm not planning on renegotiating my offer unless the Mortgage valuation comes in too low (Does this ever happen?)

Baking hope DH's accountant meeting went really smoothly. Some of my deposit is a gift from my (self-employed) DF so we'll have similar issues in a few weeks. Thanks for the heads up!

Aaaaaaaaaargh! Just need to moan a bit (don't worry, nothing serious -I hope!)... Should have exchanged today but didn't. Was expecting to exchange LAST Friday but didn't. I had signed everything by then, and apparently the vendors had too, but their conveyancer hadn't sent my solicitor everything we needed... Now he's sent through what was missing, but he still hasn't forwarded the contract the vendors signed last Friday, before they went on holiday...

I don't know what he's playing at. If I were them, I'd be seriously peed off. MY stress levels are high enough, but THEY have had to enter into a 6 month tenancy (they're moving into rented accommodation) before we've exchanged, when I could still pull out. Not that I'm going to, but still. They must be sooo stressed out!

We're due to complete on Tuesday. We HAVE to complete on Tuesday, because my mortgage offer expires then. I've we don't, I have to start again and make a fresh application.

Aaaaaaaaaaaaaaaargh!

Hi everyone can I join? Today we should be moved into our new home... Removals were booked, boxes everywhere, Then last monday ea called to say exchange will not be going ahead as our buyer has pulled out. Devastated is an understatement, we accepted the offer in april and its all fallen throught with 11 days to go. So very sad

Oh s0fedup, that's REALLY rotten! :(

I have a new born too which is not helping becauae of the hormones and sleep deprivation!
We were supposed to be in before she was born.
I honestly dont know what to do?
The owners of the house we r buying want to wait for us which is great but how long realistically will they...

Oh Fedup, that's just awful! But good your sellers are waiting for you.
Get practical, get your house back on the market and pressure your EA to find you a buyer. Fingers crossed here for you.

Flow- you must be tearing your hair out! What a bloody awful process this is! Nag everyone you can think of, then pray. Can't think of any better advice....

Thanks Turnip. There's nothing at all I can do over the weekend... Just trying not to think about it!

How rotten so fed.

Good luck for Tuesday flow.

Can I join? We've lost two houses since we started looking in march. The second one I don't mind so much, but the first still makes me want to cry when I think about. It was perfect. In a beautiful road in exactly the right location. Nothing else even half as nice since. That woman is on my list. Not the normal list, the laminated one. One day she will pay.

Anyway, we sold our flat back in may so pretty soon we will be homeless

There is just nothing to view. We have a wide search area, but thinking of broadening it even further

Does anyone know what potters bar is like?

It all makes me feel like I just want to go to bed!!

BigW how did you lose the first house? Did she pull out?

Sofed - why did your buyers pull out.

I wonder every day why the hell we are putting ourselves through all this. It's a bloody nightmare.

She was using us to speed up a pre existing offer.

It was with a different estate agent. I knew that they had recently had a sale that had fallen through so I basically said to her that we dont have time to mess around so please don't use us in that way.

"You don't know me, but you have my word and my word is unbreakable. I don't want those people living in my home. I want your family. Make an offer and it's yours, I swear'.

She took me in to meet her neighbour who also had young children.

We made the offer the same day and she accepted. DH hadn't even seen it at this point. He went to see it the next day and loved it. She gave him her mobile number.

A few days later the estate agent called to say that she had pulled out. DH called her and she said that she had decided not to sell. It turned out that she had already exchanged through a different agent.

She'll get her's...

Previous post outs me completely! hi guys!!

Oh Big, that's really shabby behaviour. :(

Wow, sounds like there are some really rubbish buyers out there at the moment. I hope things work out for people.

We're still looking, it's so time consuming and draining Even starting to seriously look at some new builds we had previously pointed and laughed at as they are such strange designs.

Not in London, but edge of commuter belt and quite a lot of industry in the town itself as well. So people from London are pushing up prices and and local people cashing in share options

Hi - I'd like to join if I may!

Our place went on the market and immediately we got offered the asking price (woohoo!) and we have found a house we both really love - it needs a bit of work and feel the asking price is a bit much - we're just agonising over what to offer - anyone else found that really tricky? I have been scouring over "sold house prices" on rightmove for ages! I feel like a 10% less than asking price offer is about right. I guess all they can do is say "no".

Any advice for making an offer!?

Yes start lower than you can afford so you can negotiate up. Good luck!