Sellers/Buyers roll call part 3. Who is still on this treadmill?

[MovingNextYearHopefully]

A slight name change for me, as I'm clearly not moving this year. Well, I am, but not into the house I'm buying.

Went to the development today, had a chat with the girls in the office & updated them. Hopefully we will be exchanging contracts next week should all go to plan. We found a nice house to rent, but its so bloody expensive I'm petrified! As long as we complete within our 6 month rental contract then all will be well, but if we don't then things will get ridiculously expensive!

Looks like I'm back on the treadmill again!

Update on what's happened so far with us:

Went on the market beginning of may, dropped the price twice due the market being terrible in SW London. Buyer offered just under asking at the end of June (so actually not very long on the market, but it felt like time stood still). Buyer took forever to get back to solicitor/EA all the time, then survey showed up a small patch of damp. Touch and go for a while but we reduced the price. Mid September we completed and moved 200 miles up north!

We've been in rented since then getting to know the area. Started looking at places to buy and had an offer rejected on a beautiful house for someone who was paying over asking...and here was me thinking I'd left the mental market behind in London! Here we go again...

Harriet - dont despair - we finally sold on our third attempt at a sale (well, have exchanged and complete end of next week). First and second time the chains collapsed, nothing to do with our house. Its a pretty quiet period in the housing market out there at the moment but should pick up in the new year.
Tiddle - I agree that your first buyer sounds like a non-viable purchaser given the time its taking them to sort a mortgage.
Moving - take a deep breath, it will be fine. Re post - look into a 3 month redirect or redirecting to a friend's place where you can pick it up from.

I have yet to do anything re tip runs etc - have managed to offload a box of dvds and kids books to my younger 2's school for the xmas fair though so am kidding myself that I'm pretty much done..

Good news our end, solicitor confirmed completion date 7th December which is ideal, but still no details to exchange... so just waiting on that now!

@ThoughtAboutThisTooMuch @MovingNextYearHopefully thanks for the encouragement, I am not a bad person!! Spoke to solicitor today and he's said he won't charge extra to transfer all the existing paperwork over to the new buyer's details, which is a big relief. We will wait til Friday to give first buyers some time and then if no joy, withdraw and pursue second buyer.

Finding it really hard to fit in the time to view properties, but we've lined up a few this week.

@TeamRocket sounds quite similar to our move. We have been outbid a couple of times here and I'm slowly cottoning on to the market here. Basically you have to pay asking or above if you want the property.

Well with no joy here and our forward purchase not having been sold to someone else yet, we have to continue to try our best to sell ours.

I am now going to list our property with the agents im actually purchasing from; i realise there should be no conflict of interest, however i feel its more of an incentive for them to sell mine because it completes the purchase on the other they hace listed so two fees at once.

@MovingNextYearHopefully Good luck with organising the move; you have a bit of time so dont worry, i think you have done the hard bit (getting rid of junk down tip).

The mail redirection will be interesting; do you have a trustworthy friend or family member to redirect to till you get into your new home? I still need to write a list of everything i need to change address on, as its not just our bills/ banks/ drivibg licences - we have a registered limited company at the address so all supplier/ hmrc/ companies house details have to be changed too - its gonna take forever!

So a glimmer of light at my end, albeit not related to selling my place... I think I mentioned I was considering renting the farm I am buying, as it's unoccupied and the owners have agreed to that and will take it totally off the market. Great. I was prepared to leave my place empty and dressed for sale, and take the hit on the mortgage. Tonight, it turns out that one of my friends is moving to my town and is interested in renting my place - which would unexpectedly cover 75% of the farm rent! It's about time I had some luck in this bloody process, so I'm keeping everything crossed!!

All hideous here, week 15, we still don't own the garage and the person we're buying from is absolutely furious and threatening to pull out.

Progress with the garage is beyond slow with nobody really knowing what to do 😭😭😭😭

@Ramsey1989 listing your property with the purchasing agents is a great way to get them motivated to sell it! Good plan.

@TokyoSushi that sounds like a blummin' nightmare. Best of luck it gets resolved ASAP

What a nightmare @TokyoSushi are you able to ring the land registry yourself to see what the hold up is?

That’s great @harriethoyle fingers crossed for you.

House we want goes back on the market today. Boo hoo. We’ve got a viewing this morning but I’m so over it all now, I no longer get excited that this might be the one. We’ll get some vague feedback tomorrow that some aspect of the house is shit.

I hate the whole process and if we ever manage to sell and move I am NEVER doing this again.

This is the hand hold thread I've been looking for!

Offer accepted in August, all was going through okay. Was meant to be completing on 02/11 - phone call from solicitors the week before saying "vendor is on holiday and not contactable for 2 weeks, need to move completion date, possibly 30th November"
I've been trying to get hold of our solicitor since last Monday (12/11) and nothing. Not a carrot. No contact and still no idea if we are completing next Friday!!

I'm starting to get irritated because we are FTB and were advised by EA and Solicitors that he was privately renting and wanted a quick sale, but now he's purchasing and all the "promises" of not tying us into a chain have gone up the chimney.

I guess I just needed to vent because for the 3rd time we now have to re-arrange furniture deliveries, extend the storage unit costs for another month and find places to put the Amazon Black Friday deals that I have accidently purchased

Thanks for reading and hand holds to everyone who needs them!

Well we've pulled out from sale to the first buyer and told the solicitor to proceed with the second. Let's hope this is quick...
Because we saw a great property in a new (better) area this afternoon and have already offered full asking for it. Would require a small mortgage but is milllles better than anything else we've seen (location, amenities, condition, bay window, etc)
Fingers crossed that's enough. There may be a bidding war to come - I need to decide a ceiling and stick to it.

Congrats on finding a property tiddle, hope it goes smoothly for you!

That sucks Tokyo, is it just with the land reg or somewhere else?

Sorry your feeling so down Lady; this process seems to utterly draining!

That’s really frustrating Sam; have you exchanged yet? If so there should be penalties in the contract for not completing on the stated date. Maybe you could get some compensation on having to change your plans?

So we exchange today on our house sale (tentative hurrah) and hopefully exchanging on our purchase tomorrow. All I need to do now, is pack up, move the family into a tiny 1 bed flat,move all our stuff into storage, then move it all again into our new house a month later. Oh, and sell our flat. Hoo hum.

It's utter, utter shit. It's the leaseholder, they've not registered that the garage comes with the house and should be on the lease and they're taking forever to rectify it.

So the options seem to be a) go through with the same, find a rental, take the sale money, lose a lot of money in ‘abandoned purchase fees’ and start again with a purchase in the new year or b) stay here, lose even more money in both abandoned sale & abandoned purchase fees, not make any money out of the house and start the whole process again in the new year, neither are appealing, I may get a hip flask, at least it takes the edge off! 😂😭🥃

We agreed on lowering the price, and 3 hours later we had 3 viewings lined up. Fingers crossed.

Good luck to all.
Quick overview of our story:
On market Oct 17.
Accepted an offer Dec 17.
Pulled out March 18. Took house off the market as dd3 born.
Buyers came back May 18 asked us to sell.
Offer accepted on house to buy July18. Chain free.
Endless queries from our buyers. 5 viewings and 4 surveys! Their mortgage offer soon to expire. At the point of exchange. Now they want £kks off as they have discovered a public byway runs through the property.
We are saying no at this stage so could be back to square 1!

Oh gosh @3in4years, your situation is as rubbish as ours!

@ThoughtAboutThisTooMuch
I genuinely haven't a clue if the contracts have been exchanged.

I can't get hold of our solicitor on the phone, or by email. I am one step away from going to her office and camping outside!

As FTB we haven't a clue what we are doing (and you can tell!)

xx

Sorry to hear it Tokyo. Fingers crossed for you. Is there anything you can do to speed it up? We have said exchange by tomorrow end of play, at the agreed price, or out! Nail biting!

This is just miserable isn't it?

Tokyo, you must be tearing your hair out. I'm not surprised others in the chain are raging, but realistically, they're not likely to pull out so late in the day, surely? Will keep fingers and toes crossed for you.

3in4, so hope your buyers settle down and continue... what is it about people getting to the final hurdle and then play silly buggers? Fingers are crossed that they play ball.

Lady, I'm not surprised you sound so weary. This whole process stinks and plays havoc with the heartstrings as you fall in love with a house and then everything hangs in the balance. You need nerves of steel, which I absolutely don't have.

There's a fair few of us all in the same position - Harriet, Ramsey I'm waving at you. This is a shit club, isn't it?

We've now been on the market for nearly two months. We've had 10 viewings, but no second viewings and zero sodding offers. The last people to view said they weren't sure about the area and didn't like the sloping garden, but everyone else has been really positive, except for two people who loved the house but didn't like the village churchyard (the graves!) being close to the house. Why does no-one want to buy my lovely house? Gah.

I'm resigned now to nothing happening this side of 2019, and am just hoping desperately that there'll be some movement in January. The house we want has been taken off the market until spring, when it'll go back on, but the owners have said if we can sell between now and then, it's ours, so come on...!

Ramsey, we did the same - we're with the agent who was selling the house we want, hoping it means they'll go hell for leather trying to sell ours as it'll mean two sales in one. They're working hard, which is something.

Long time lurker here, have been following all of your progress.
We have been on since beginning of August priced too high but thought we'd give it a go as agent said he thought the house was worth it. Very little interest so dropped the price after 3 weeks to more realistic one.
We're now 4 months in 6 viewings, 1 second viewing and no offers...
About to call it a day I think and may put back on in the spring. So disheartened by it all

@alifelessordinary @UninspiringUserName
Sounds tough. I think many people share your frustrations and several people we know have withdrawn from the market because the offers just aren't there.

Where we are selling it's certainly possible to sell if you are priced right, but it does mean a fair bit less than we wanted.

We have been outbid already on the house we want to buy! No way of knowing for sure if it's true, but we offered asking and the EA after having the mortgage broker call me has said someone else has offered £5k more. It's certainly possible in the hyped up market in which we're buying, but the discussion with the mortgage broker would have shown we can easily go above the asking price. But I don't know if we're willing to go much higher - will view again in a few days to check it more carefully.

I can’t believe I finally get to say this but I exchanged today! It has taken 14 months to get here! I move next Thursday

Hooray fantastic news usually!!