Home Buyers Support Thread Part 3

[juneybean]

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 :)

I've been lurking in the property threads for a while and today I feel sick with excitement and fear.
After 5 years of waiting and hoping that we may be able to move from our flat to a house, we finally think we might be able to manage it financially and have started looking. We've looked at 5 or 6 houses so far and off to another viewing in a minute.
We have just this morning signed a contract with an estate agent and had photos taken for our flat to it rightmove asap...
Oh my goodness. This may actually happen!

So there's good news our end - we've exchanged! Completion is set for next Friday the 20th, I've booked the removal company. Very excited. It was painfully slow at the end - our buyers signed contract didn't arrive with their solicitor (no idea what that means - lost in post? We've done ours online), held the whole chain up. It also seems that if everyone doesn't exchange by 5pm, some deadline is missed and everything has to happen all over again the next day.

@goldvelvet sounds like you've done exactly the right thing being honest with your buyers. I think worst case they pull out and you remarket, doesn't sound like you'll lose your vendor. Are your buyers in a chain? If not you've got a better chance of them waiting.

@ojbsmum we're moving from flat to house - I can't wait to have my own stairs! And back door! And garden! (you get the picture)

Ooh it's nice to see some action on here again!

We are waiting tentatively to hear whether we have exchanged today. Was supposed to be yesterday but something's holding it up further down the chain...

congratulations greenbanana! Good luck for next Friday hope it all runs smoothly and stress free as you have the movers in. We will definitely get movers this time as I can't bare the added stress of having to move ourselves and all the kids crap toys.

Cheap and cheerful hoping for good news! FX for you.

ojbsmum hope you find your dream house, it's out there!

Good news here our buyers are happy to wait the extra few weeks, so hopefully we'll be able to exchange in 8 weeks!

Another day over here with no news on exchange. Found out via the lenders that the solicitor has been in touch with them about a buildings regs issue with the roof which is current block, but apparently he feels no need to let me know about it. Hopefully can be sorted by purchasing pointless indemnity insurance, but right now I'd happily fork out some money to just bloody move!
Glad to hear other people are seeing some action, so to speak. Gives me hope.

No exchange again yesterday. Maybe today. Sigh.

Hope things move today MsSampson and cheapandcheerful.
I'm thoroughly sick of house-hunting. We've missed out on 3 houses we liked with the vendors taking other offers and nothing new is coming on the market. Viewing a couple of houses tomorrow which are really over-budget, but they're the last ones left in the pool of possibilities.

AAAAARRRGGGHHHH!!!!!!!!!!!!!!!!!

We were expecting to maybe exchange today and just found out that our chain fell apart at some point last week as our buyer lost her buyer. Apparently she found a new buyer on Monday but we have only just found all this out.

oh god cheapandcheerful. That sounds pretty stressful. It's hard enough to exchange when it is just us moving out of a rented place and into an empty house. Being in a chain must be much worse.

DH finally spoke to our solicitor today. There is still a slim chance of completion this month apparently. Just waiting for final go ahead from lender and to hear if we need to pay for indemnity insurance.

The good news is that I ended up in tears to my mum the other day (I also have a 4mo who doesn't sleep plus a toddler so it's a rare day when I don't cry..) and she has volunteered her and my dad to help paint the entire house. It currently has the ambience of a depressing doctor's waiting room so that's good news at least!

Hi! Thought I'd come along for the ride :-)
We were perusing the market to see what we could get for our money when we came across a new build development 3 weeks ago- had a look, fell in love with a house on the Saturday , spoke to a broker on the Monday who advised we could afford it with help to buy equity loan (this is a house of our dreams are far bigger than anything we ever thought we could get- future proof and beautiful!), had estate agents out on the Thursday, appointed one by the following Thursday and when they came to take measurements last Saturday they bought along a potential buyer (with our permission of course), and we got an offer (which we accepted) without even formally going on the market! So that was last Saturday, on the Sunday our broker got us an agreement in principle which allowed us to then go and reserve our brand new home! I refuse to let myself get too excited just yet as broker is coming out on Thursday to sort out a full application but seems very happy and confident (I won't be til the mortgage offer is in my hand!), and I have all my solicitors paperwork waiting and ready to go but can't send til I know who my lender is. Want to exchange now so it's all set in stone and I can start looking at new things for my new home :-) it should be built and ready by mid April- I went along to the development today and the scaffolding on ours is down and there were tradesmen doing various things in there...... :-)

Sounds like there is lots happening...
Congratulations to all close to completion.

We have offered on a house and find out this morning if it's been accepted. We're terrified!
It's a 4bed detached at the very top of our budget. We would literally have nothing lrft to do anything- and it needs lots doing. That's the only reason we have a chance of affording to buy it. I'm happy to live with a green bathroom etc for a few years but there are other things worrying us and DH is on verge of withdrawing our offer. It has a warm air heating system which looks pretty old, & only secondary glazing on some windows. If anything goes wrong, with those or the car, we'll be screwed. Really don't know what to do...
Do we go for smaller house/less desirable area for safer amount of money or go for this which has bags of potential if we could only do stuff. WWYD?!

ojbsmum - nothing wrong with secondary glazing per se, in fact it can often be more efficient at blocking sound (due to the larger air gap) and retaining heat than double glazing. Warm air heating systems again are efficient and age shouldn't be an issue if it has been serviced regularly.

Thanks for that IssyStark. Any reassurance is welcome!

Just waiting for the EA to call with the vendor's decision. It's torture... I can't even go to the loo in case I miss the call!

Congratulations greenbanana! Hope the move goes very smoothly!

We've also exchanged! Only three months after we first thought we were going to! It was extremely tense towards the end, and we've had to promise to cover legal costs for our buyer for the lease issue that was holding us up, but everyone has got the house they wanted.

We complete on the 25th. Removals are booked. Now I've just got to find my misplaced enthusiasm for the new house - it's been so long since we were inside it!

Have my fingers crossed for everyone else on this thread. It really can happen!!

Vendor has accepted our offer, but keeping the house on the market in the hope he'll get a higher offe while we find a buyer for ours.
Which we have! Less than a week on the market and we have two offers on and just over the asking price!
I'm a bit scared at how fast this has happened and we haven't actually told the vendor yet.
We're going to see it again on Saturday, along with hopefully a couple of others, to focus and hopefully decide for sure if it's the one for us...
Just to complicate things though, our mortgage guy hadn't expected things to be so quick and did our mortgage calculation based on the current tax year (as I'm self employed) so can't actually get the mortgage til April anyway...

Good luck lizlemon. I'm sure the enthusiasm will return quickly now!

ojbsmum we are in the exact same position waiting for the end of the tax year. I feel like the next 6 weeks is going to drag.

Gosh it's gone quiet on here!

We're STILL WAITING to exchange. Our buyer is pissing around and we're wondered at what point our vendor is going to sack us in.

They said we would exchange on the 13th, then they said this week, then next week, now they're saying this week again... yawn.

My mortgage valuation is today! Eek!.....my buyers valuation I've heard nothing about but my Estate Agent is chasing her mortgage broker :-)

cheapandcheerful, you may as well sit and wait it out. Your buyer's new buyer has to catch up with the rest of the chain, so could be several weeks before all is in place.

We have exchanged! Finally. Finally. Finally! We move next week. I am so relieved. Hang in there everyone. It will all work out in the end.

Just found out that the people at the bottom of our chain have started exchanging! Woooo!

The tension is unbearable!

Hello all. I completed on our sale in Dec but our purchase collapsed. So we're in temporary accommodation with all our stuff in store and countdown towards daughter's GCSEs with nothing to buy on the market. But hoorah, having stalked estate agents twice a week since Christmas, and dropped 700 preprinted cards through doors, it all paid off, and I was first to hear about and view a possible (in my lunchhour) and had my offer accepted. Fingers crossed for good progress.

Hi all, Hope you don't mind me joining in... We are in a chain that seems to be building! We are number 3 and our seller (number 4) has just had an offer accepted so they (number 5) will need to find somewhere now! Our seller did say she would move into rented but found somewhere quicker than she thought so has tried to make a purchase. My question is when will the chain end and should I put pressure on for our seller to break it? Who sorts this stuff out, should the estate agent be chasing the progress or should our solicitors have a go?! We've paid mortgage application fees, survey and solicitors searches so far and I'm worried about losing it all. Hate this system, it sucks!

Can I join you all please...?
We sold in Sept 2014 but unfortunatley our buyers pulled out and we were forced to withdraw our offer on the property we wanted.
We put our house back on the market a couple of weeks ago and we accepted an offer at the weekend. We have also had an offer on the property we want accepted too. We are pretty much chain free at both ends and we are hoping to get things sorted asap. We have instructed our solicitor, DIP approved and have our mortgage application appointment booked for next week. Our buyers seem to be dragging their feet a little though... is this normal for first time buyers?
Feel very stressed with it all already and I'm just trying not to get excited incase it all falls through again!

WE HAVE EXCHANGED!!! Woooooo!!!!!