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Home Buyers Support Thread Part 3

991 replies

juneybean · 21/07/2014 17:37

Part 2 here -> www.mumsnet.com/Talk/property/a1905904-Buyers-support-thread-part-2?msgid=48420379#48420379

Hope it's okay that I made the next thread :)

OP posts:
greenbanana · 21/01/2015 12:44

Hi everyone!

Been lurking for a while, now feel a need to join this thread at least so I can be excited/nervous/annoyed alongside people feeling similar. Also it might save my friendships as both me and DP can't talk about anything else right now. I need an alternative outlet, my best friend doesn't need random texts about house surveys :-)

Anyway, we accepted an offer on my 1 bed flat in late November, was on the market for about a month (London). We then had an offer accepted on a house a couple of weeks later.

We've had the survey done, was quite bad but I get the impression surveys always are, especially on a Victorian house. Bit Hmm that the owners before our vendors decided to put a roof in without a lining (seriously, you can see the back of the tiles from the cupboard in the eaves). We've had some experts round to quote so just waiting on those reports today, then might have to ask for a reduction. Has anyone else done this? We mentioned to the agent that we've found problems, and he said 'some issues normal for house of this age' and also that we'd got a fair amount off the asking price already (we're still paying 95%!). Thing is, this house had been renovated by the previous owners and we thought that work would be an ok standard, and it's not. So I think a reduction would be fair? And they had massively overpriced the place in the first place, the London market has flatlined since, anyone else would find the same problems. Agents make me so Angry.

Phew - had to vent sorry!

cheapandcheerful · 22/01/2015 10:47

Urgh.

We have our buyer coming round today to take some measurements for furniture etc and we are drowning in vomit-covered laundry following a night of sickness from my 4yo.

Can't rearrange as she's come down from London especially, and we're v close to exchange. I'm also feeling pretty grim and have a super-demanding 2yo to contend with too.

Urgh again.

greenbanana · 22/01/2015 10:53

Oh god, my sympathies cheapandcheerful. The 'measuring up' bit is a pain if they ask. Just when you thought you'd got past the keeping everything spotless stage...

I figure it's past the point of no return now, so unless the 4yo actually vomits on her you'll be fine. Does she have kids? Most people would understand I'm sure.

cheapandcheerful · 22/01/2015 13:17

I know!

I think she wasn't put off although we did have to do a mad dash back to the house so that dd could stink the loo out just as she arrived Grin

Sarahlouboo · 22/01/2015 14:21

Hi greenbanana, I haven't any experience of your situation but my friend had exactly the same issue and they also said "to be expected in a house this age" so they pulled out as they weren't budging on the price. It is "the one" in terms of houses?

Sarahlouboo · 22/01/2015 14:22

Cheapandcheerful . My DS always does smelly poos before viewers come and he doesn't always flush the loo either Shock!

greenbanana · 22/01/2015 14:55

@sarahlouboo It is unfortunately 'the one'. If anything, the problems have made me more determined to rescue it from people who haven't taken enough care of it. Which is ridiculous, I know. But it would be such a nice house with a bit of love.

LizLemon · 22/01/2015 15:05

Still waiting to exchange... I've completely given up on doing any sort of clearing out and packing because it's taking so long.

greenbanana - just answered you on your other thread. Hope you get somewhere with negotiating.

lol at the stinky loo. My DS just yelled and interrupted the entire time our buyer came round.

Fugacity · 22/01/2015 16:39

Can I join in?

We are in the process of putting our house on the market. The estate agent came round today to get details and take photos and it should be on Rightmove tomorrow!

I am exhausted with the amount of clearing and cleaning I have done in the last two weeks, but know that I need to keep going :)

Sarahlouboo · 22/01/2015 18:06

I feel your pain fugacity, just done a quick whip round now before viewers come - first viewing since we accepted an offer back last August, feels weird to be back to square one!

Ah sorry Greenbanana but good luck with the negotiations and let's hope you can rescue it!

Sarahlouboo · 22/01/2015 18:07

DS is currently eating crumpets in quite a disgusting fashion! Would it be wrong to pop him on the downstairs cupboard until they are gone?!

cheapandcheerful · 22/01/2015 18:44

Ha sarahlouboo!

greenbanana · 22/01/2015 19:00

Could you draw a scar on his forehead, put him in cupboard and if anyone notices he's playing 'Harry Potter, the early years'?

Sarahlouboo · 22/01/2015 19:17

Ha ha! He managed not to disgrace himself. Back on the roller coaster of emotions that come with viewings, trying to pretend to yourself you are not bothered but then furiously analysing every single thing they said and did!

CoupdeFoudre · 23/01/2015 13:03

This reply has been deleted

Message withdrawn at poster's request.

cheapandcheerful · 24/01/2015 22:58

Ok. Apparently the local search is 'back' and our solicitor just needs to write a report to summarise the findings and raise any queries that have come up.

Do we basically now need to hound her until she does this?

chicaguapa · 24/01/2015 23:56

Apparently the person at the top of the chain is 'letter dropping' and has extended her search area. I'm just running out of patience now. I realise she wants to find the right house but why did she put hers on the market if there was nothing she liked for sale? Surely it's better for her to move into rented and be able to look for a house at her leisure?

It's been over 3 months now and we've still not started the conveyancing (and all the stress that brings).

It's not just that but I feel like everything is on hold for the rest of this year. I don't know whether to accept a wedding invitation in May in case that ends up being when we move. Whether to go away in the May half term or book anything for the May bank holiday. We're away for 2 weeks at Easter so most of April is out anyway and we feel like we need to keep May free just in case.

Sarahlouboo · 26/01/2015 16:57

Cheapandcheerful - probably unfortunately!

Chic - urgh! I really feel for you. On the other hand it makes me feel positively saintly for only keeping our buyers waiting for six weeks Smile. Much good it did us.

Well viewing went well but just had feedback and they are not going for it. Kitchen too small. We get this feedback all the time and I do get frustrated because the floor plan and photos give a good indication but I realise you have to see it in situ to get a real feel. Don't know why but I have gone from feeling relatively cheerful about the whole disaster that has been out house sale to completely fed up!

Spickle · 26/01/2015 20:16

cheapandcheerful hope you don't mind me commenting on your post....

Are all the searches back or just the local search? Your solicitor will wait for all searches before commencing the report. The report takes quite a while to write as all documents need to be studied carefully. If anything at all is not clear, your solicitor will want to raise additional enquiries of your vendor's solicitor. Your solicitor has no sway over how quickly the vendor's solicitor responds to any enquiries raised and the vendor's solicitor may need to write to various external bodies in order to answer the queries. Your solicitor will also not have any sway over how long the external bodies take to respond.

Hounding your solicitor may work but in our practice you would probably be told that "we are still waiting to hear back from the other side's solicitors" for weeks and weeks before we would be in a position to proceed.

cheapandcheerful · 27/01/2015 14:16

Urgh.

Yes spickle all of the searches are back but we found out today that they are still dealing with a couple of issues that arose as a result of the searches on our flat before they deal with the onward purchase. Something to do with our freehold blah blah blah...

I WANT TO MOOOOOOVE!!!

greenbanana · 27/01/2015 14:35

It is annoying isn't it.

Apparently the lower part of my chain (where we are the top, only 3 properties involved) would like to exchange this week. Unfortunately that doesn't seem to have sped up our buyer at all and he's still not decided if he wants any of our furniture (wardrobe, desk). Which we've offered him for free as our new place has fitted stuff. He's seen it, he's been round to measure up, he's had so much time to decide (3 weeks!). I don't see this as a big decision. I can't believe he's delaying exchange over a wardrobe. We're not ready to exchange on our house purchase so the delay isn't a problem, I'm just so so sick of chasing for an answer.

chicaguapa · 27/01/2015 17:59

Yippee! I think she's found somewhere and it's empty.

Our mortgage broker thinks we can exchange quickly as we've all been waiting and hopefully getting our position as far as possible in the meantime. I have a question though, isn't the completion date agreed at point of exchange?

If so, I'd have thought everyone in the chain would need to exchange at the same time too? Confused

Spickle · 27/01/2015 18:46

Chicaguapa - Yes completion date is agreed at point of exchange. Therefore, unless some people in the chain are vacating early, you would all need to exchange at the same time.

Greenbanana - If you are offering the wardrobe without expecting payment I don't think this would be holding up exchange. Just leave the furniture in situ. What is holding up your exchange is more likely to be the fact that you are not ready to exchange on your purchase yet (unless you're vacating the house you're selling?).

MsSampson · 12/02/2015 09:19

Hoping that the reason this thread has gone quiet is because everyone is now sorted, exchanged, completed, and moved?? Grin I could do with some positive stories...

I don't even know how long since our offer was accepted tbh. We were both chain free though so I imagined it would be quick and painless (hollow laugh).

As far as I'm aware there is now no reason why we can't exchange, except that my solicitor has stopped answering calls or emails. Nothing for over a week apart from one email to our vendor's solicitor to say he'd pulled a muscle in his back and wasn't at work. His secretary assures me no one else can help. He's back now but not returning my calls or mails. The vendor is threatening to put the house back on the market if we can't sort it.

Arghhh! Anyone else suffering who needs to vent or swear? I am so fucking fed up of paying thousands of pounds to people who don't get the basics of client communication

goldvelvet · 12/02/2015 13:19

Can I join Please?

We accepted an asking price offer on ours within the week at the start of Jan. Then called our current lenders about Mortgages. DH is self employed and was told that with last years books we will be able to borrow less than our current mortgage due to now having 3 kids! Explained this to EA and said we would have to pull out and re-list our house around Easter once DH's earnings for this year have beed audited as we will have three years books plus DH has had a really good year this year so should be able to borrow what we want on that basis.

EA of course refused to accept this and encouraged us to look at house at the same level as our house which was ridiculous as we want a 4 bed and are selling a 3 bed and want to move into a more expensive area!

So we had a look at a house at their suggestion which was all wrong and i'd never have looked at it on my own accord. This is going to be our forever home so I want a very specific type of house. It has to be period, Victorian or Georgian as I want high ceilings character features, nice windows etc.

Move on to us finding a house but the vendor are really odd selling for family, no other offers accept ours at the price that they are looking for but don't accept it and decide to put the to auction later this year. But that's fine. We've moved on.

We find another house but we can't proceed with that unless family lend us the shortfall or we wait for this years accounts. Family initially say they will provide the shortfall and later retract their offer because they aren't keen on the house Hmm despite it ticking nearly all our boxes with one or two small compromises.

So we are here our buyers have been waiting since the end of the first week of Jan we've filled in some paperwork. Our offer was accepted on the house we want at the end of the first week of Feb, I think searches have been started. But now we have told bot EA that we need to put sale and purchase on hold until mid March and we know DH's earning (which we should know by now but accountant is incompetent and we have been chasing him for two weeks) Surprise, surprise they aren't passing on this information to our vendor or buyer. Which is really shady as we don't want to mess anyone around, as we wouldn't want to be kept out of the loop if something similar was happening down the chain. In the end we just instructed our solicitor to contact our buyers solicitor directly to tell them our position and ask them if they are happy to put the sale on hold for 4 weeks. But are prepared for them to pull out if not as we aren't prepared to go into rented for the sake of waiting a month or two to complete.

So we are in limbo waiting to see what our buyers want to do. I don't think our vendors will mind the month delay as they are the end of the chain and have another property to move into. Plus there house was on the market for a while with no offers.