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Original poster

Listings, viewings and offers thread 2!

999 replies

drspouse · 15/03/2017 10:19

We've filled up the old one! (maybe someone on a mobile device could add a post with this link though?)

OP posts:
m0therofdragons · 24/05/2017 21:43

Lottie it's so hard to know which order to do things. We sold in 3 days so now playing catch up viewing properties and figuring out what we want.

badgercat · 24/05/2017 21:46

all quiet here too - since we went on to the market we've only had a week with nothing, 3 booked for last week although only 1 went ahead and then nothing again this week.

I seem to remember from my retail days this is always a quiet period - people are looking forward to holidays and school changes being decided etc puts everything up in the air plus half term next week here for us.

Fingers crossed it picks up for everyone

KoalasAteMyHomework · 24/05/2017 21:58

Lottie we have actually had an offer accepted on a house even though ours hasn't sold yet. But knowing what we are paying for the house has allowed us to drop the price on ours so its been helpful. Vendor gave us 6 weeks to sell though so I think it can be normal to offer when you aren't in a position to proceed but I would give them a set time to sell before you remarket. Maybe a few weeks or something.

Lottie991 · 24/05/2017 22:22

Oh I I suppose it probably depends how quickly they sell in the area too, Where I live they tend to sell quite quickly, I have another viewing tomorrow as well, Which is why I wouldn't except an offer without them being able to proceed.

KoalasAteMyHomework · 24/05/2017 22:34

Although I'm happy the vendor accepted our offer I, like you, probably wouldn't accept one on ours if they weren't ready to proceed. Especially if you have more viewings. Think its a bit of a catch 22 whatever you do. We had a buyer put off because we hadn't found somewhere to move to at that point!!

Lottie991 · 24/05/2017 22:36

Really, well hopefully you will sell yours soon so you can proceed.

ElspethFlashman · 25/05/2017 08:21

When we were looking at that 3/4 acre place I mentioned we expressed mild interest but that's all.

A few days later the agent rang us to say the vendors were only interested in buyers who had sold their house and he wanted to check we had.

We said no, we're in a forthcoming auction though.

So that was the end of that.

It was a good thing really as we were realising an extension would be too expensive as I said. But say the space hadn't been a deal breaker? It basically shut us down entirely as potential buyers. And we would have paid full asking too as it was on at 325 and our reserve for our own house is 450.

Some weeks later and it's still on the market and I do wonder how many fully completed viewers they're getting.

KoalasAteMyHomework · 25/05/2017 08:36

That seems pretty short sighted of them and the EA. Fair enough if they wanted a buyer who was in a position to move but I wouldn't cut anyone who wasn't out of the running! Especially as it sounds like there wasn't enough interest anyway!

ElspethFlashman · 25/05/2017 09:08

They have a site they are anxious to build their next house on but don't have the money to get going so I do understand they feel a certain urgency to get money in their pocket pronto.

But when houses are in rural locations they're not for everybody. Fair enough if you're in a fast moving city location but it seems crazy to limit potential buyers when you're two miles to the nearest village.

KoalasAteMyHomework · 25/05/2017 09:44

I have no clue of the logic behind people's decisions sometimes...

I am crossing my fingers for all of us to get lots of viewings and offers over the weekend!

PoochiePie · 25/05/2017 11:58

Massive hiccup with our sale - buyers mortgage valuation has downvalued our house. By 7k! Which is ridiculous because the exact same houses are selling for 3-4K more than ours.
Ea said he'd find out what comparables he'd used, but buyers asked us to knock off rhe 7k. Really can't do that as after fees we'd literally have no deposit to buy with.
Can we contest the valuation? Or no point? Weirdly we had it independent valued so we can pay off our help to buy equity loan and there were no issues there...

Borntobeamum · 25/05/2017 13:12

We've had 8 viewing in 7 weeks but the majority of them haven't answered the phone when the EA has rung for feedback. They've left messages asking them to call back but they haven't.
I just find that so rude.

We've viewable few properties and fallen in love with 2. We gave glowing feedback and as soon as we have an offer o. Our property will be in touch.
Obviously depending on what we sell for may dictate which house we offer on, but in all honesty, we would be 110% happy with either of them.

We've just knocked 10k off ours in the hope it generates some interest over the bank holiday. 🏠

Triflingjelly · 25/05/2017 13:42

Newbie here. I've been lurking for a while, but now really need some wise Mumsnetter advice. We've been on the market for six weeks, reasonable number of viewings, and two full price offers from people needing to sell before they can proceed. A second viewing earlier in the week from a certified cash buyer has resulted in a final offer 5% under asking price . We are chain free as buying with dpils, who have already bought. My waters tell me the market is softening, in what's been a busy market until recently.. Should we accept offer? Any help in making decision gratefully received. Thanks in advance...

ElspethFlashman · 25/05/2017 14:06

3 offers in 6 weeks is GOOD.

Id hold out personally, giving feedback that you have had 2 full price offers. They may come up to FAP.

If not, you can consider the other two. They could sell quickly for all you know. I'd definitely go with the offer from the party whose house is in the more popular area and likely to sell faster.

Triflingjelly · 25/05/2017 16:25

Thanks Elspeth, what you say makes good sense. I'm panicking while waiting for dh to get home so we can discuss in detail. Wouldn't you know that the ea would like us to accept!

m0therofdragons · 25/05/2017 16:33

Anyone else have an unhealthy obsession with Rightmove? I think I need to limit myself to twice a day.

Lilmisskittykat · 25/05/2017 17:44

On right move far too much too. Can actually notice when someone taken off and relisted and spot the reduced that was just by 50 quid.

Totally obsessed and also noticed a lot of reductions happening .. which is comforting as we have taken an offer less then paid in 2008.

PaulDacresFeministConscience · 25/05/2017 18:13

Still no viewings and we found out today that another buyer has come forward for the dream house so we've lost out Sad

ElspethFlashman · 25/05/2017 19:12
Sad
Lilmisskittykat · 25/05/2017 20:49

No a lot of good news on this thread ... so we must be due some soon !

My potential buyer is coming back following the results of the survey.. hope this isn't code for we want to get even more off you. Already taken an 8% under asking offer.

I'm never moving again ! Too much stress.

PaulDacresFeministConscience · 25/05/2017 21:04

I'm trying to be pragmatic - I'd steeled myself from the outset that this was likely to happen, so I am not devastated. But I am disappointed as the house was perfect for us. Still, I'm not one of these people who believe that there is only one perfect house for them - there will be other lovely houses.

At least this way it takes the pressure off of us about getting ours sold. Although the lack of viewings is starting to worry me. I'm hoping this is a sign of a quiet market - I'm going to ring our agent tomorrow and have a quick chat.

Lilmiss If you've already accepted under asking and there's nothing major on the survey, then stand firm and say no if he asks for a reduction. Unless your house is a new build then I think it's reasonable to expect a few minor maintenance things on a house - bearing in mind that most surveys these days seem to err on the side of caution in the reports.

Lilmisskittykat · 25/05/2017 21:16

Paul - thanks for that. I'm a 1920 terrace so like you say can't expect mint. But in the same way I've always looked after it and if anything needs doing will be a surprise to me too.
Does seem to be they put things in to be cautious.. I have no idea what's in the survey as agent didn't know.

Advice from work colleagues is to stand firm too. Can't really take any less even if we wanted to. Tough this house stuff.

On top of that finding something I like the look of and can afford is another stress.. I'm moving in with parents so not in a chain but have the fear once I move in I'll never get back out!

Lilmisskittykat · 25/05/2017 21:17

Sorry was suppose to add that I think you are right about a quiet market.. nothing really coming up for buying and not many viewings either. Maybe it's election jitters ?

m0therofdragons · 25/05/2017 21:27

Saw a house today that could work well for us but how do you know it's the right one? It's such a big decision as this will be the house my young children will be teens in and remember as their family home. Really didn't think it'll be this hard but there's very little choice which I think is making us nervous despite house being mostly perfect.

PaulDacresFeministConscience · 26/05/2017 06:29

Mother - there really does seem to be a shortage of stock on the market at the moment. Even though we've not sold yet we've been watching RM and despite a month of intense searching (and our target location area is quite wide), we have only seen one house that felt like a great fit. The others are either too small - and I don't want to have to pay for an extension - or are priced too high for the amount of work that need doing to them.

We're not planning to move again after this, so we've approached it by trying to think about whether the property will be right for us in later years. Does the house meet your needs now - if yes, will it still meet your needs when the kids have all grown and flown the nest? Does the area tick the boxes for you? The acid test for me is to ask myself that if I ended up in another neg equity situation, would I be bothered by the fact that I had to stay in it for an indefinite number of years? If I'd be happy to, then the house is right.

Lilmiss for a 1920s house I'd expect the survey to pick up on the roof - unless it's been recently replaced? In the past we'd had a report citing that there were signs of nail fatigue on the slates and this meant that the roof would probably need to be replaced in the short to medium term. We went ahead anyway and got a roofer in to look at it, who laughed and said it was absolutely fine. We sold the house 10 years later having had no issues at all. Your house is almost 100 years old so it would be bonkers for the buyer to expect it to be in box-fresh condition!