Buyers sellers roll call 11

[kerrymucklowe2020]

Here's the new ( last one for us eh @zebrahooves?)

Oopsie - seems we could have exchanged today but my phone was off! My phone died pretty much after my last post, then I was busy so it was off for less than 2.5hrs. When I just plugged it in now there was about a million pings of text messages, emails and missed calls with everyone chasing me to give authority to exchange! There’s sod’s law for you! As far as I was concerned I gave that authority in an email days ago to my solicitor but apparently they needed it again. Well, they have it again now, in writing in an email as no one is answering their phone.

Bloody hell. What a rollercoaster!

@Lurchermom do you have to manage anxiety generally? There is so much we can’t control about this process I think it is really difficult mentally for everyone, let alone those of us that have to keep an eye on our mental health anyway. Sounds like the right approach to me just focusing on what you can influence and one thing at a time.

@Lemonylemony It took us three days to exchange, and every morning we had to send a new email giving our solicitor the authority to exchange. I think they need something on the actual day

Yes going to email/phone again first thing tomorrow as well.

Would love to chip in here. Yes, I got caught regarding the solicitor wanting to speak to you on the day of exchange but I answered so all OK. I am on the phone all the time workwise though so they were lucky to get through to me! I told them as well if they wanted to speak to me to email as well.

What I found made the biggest difference (we moved 3 years ago) was 1 month between exchange and completion and actually completing on a Tuesday. My removers loved me giving them so much notice, so did the utilities and I didnt have to start packing up the house until I knew it was definitely safe to do so.

I have never got why some people want to exchange and complete on the SAME day unless they arent planning to move in immediately or there isnt a chain.

Yes @Lemonylemony this is what our solicitor told us. They have to get your authority to exchange right before exchange. We had tried to exchange since Wednesday last week and it only really happened at the end of the day on Tuesday. I was doing bath time by the time exchange took place.

Also, I found as SOON as anything needed signing I would sign that day and make a special journey to either deliver docs by hand or go to the post box. I did have one issue in that I didnt put enough stamps on a large letter and it got lost (turned up 2 weeks later with a message stating not enough postage!).

I learnt my lesson and drove to a Post Office to get things weighed but at one point when I sent the contracts back and couldnt make it to the PO I literally put 6 1st class stamps on which I knew was over the top but I didnt care!

I spoke to our bank today and they reassured me that mortgage offer will be issued tomorrow or at the very latest it will be issued on Monday.

We complete on our sale on Thursday which means we wont be able to match our sale and purchase since our solicitor needs atleast 5 days to request the funds from the bank. If we can atleast exchange on our purchase next week then it will be a short stint in air bnb.

Dh started today taking the 50 odd boxes we had packed previously into storage. A couple of trips and it was the school run. A few more trips tomorrow and we shall only have our furniture and clothes to move next week. We hope to be out of here on Wednesday which then gives us some time on Wednesday and Thursday to clean the house.

Lol @Bathroom12345. That was the reason we got a local conveyance where we signed documents and put them through her office letter box.

@Notyetthere

Lol *@Bathroom12345*. That was the reason we got a local conveyance where we signed documents and put them through her office letter box.

The wisdom of this is not to be underestimated. We’ve done the same this time, and it’s a sanity saver.

We have a local solicitor so I post through her door.
@Jujuball is there any issues with a long gap between exchange and completion? We might have to break the chain and it might help with our chain being secure and the top of the chain having a chance of catching up

**Notyetthere

Lol @Bathroom12345. That was the reason we got a local conveyance where we signed documents and put them through her office letter box.

The wisdom of this is not to be underestimated.*
I did this. My buyers paperwork got lost the first the he sent it so that delayed him. He's taken it by hand or registered post since.

Can I also join please?

Accepted an offer from FTB mid-August. Had already found what we thought was the house of our dreams in May so thought it would be quick process once we sold as new house had no chain. Sadly it was part of a not so amicable divorce, and despite the wife accepting our offer, the ex-husband who was apparently “just a formality” in terms of sign off turned out to be anything but, so we began the lengthy task of house hunting again. All made trickier by the fact we’re looking for something fairly niche and are relocating so each trip to look at houses is an 8 hour round trip!

DH and I took last week off work to focus on the house hunt. All was fairly depressing with nothing quite ticking the boxes, until Wednesday when a new property popped up which ticked every box. As luck would have it we managed to book a viewing for the very next day, it was indeed just as perfect in real life so we offered full asking price on the drive home (bitter experience means we weren’t prepared to risk it for the sake of a few £££). Offer has been accepted, buuuutttt our sellers now want to find a place before they instruct a solicitor. They are also relocating so have flights booked for a weeks time to view houses, while I’m sat with every conceivable body part crossed that we don’t end up in a lockdown before their trip.

Buyers seem to be pretty reasonable so far, but I’m still panicking that this might all fall apart at any minute. We’ve never sold before so no idea how to keep a lid on the anxiety that’s forming from all the uncertainty so any tips and advice would be much appreciated.

Place marking on new thread.

@Baxdream I suppose the risk of a longer gap between exchange and completion boils down to whether your circumstances could change in that gap - sudden redundancy, illness etc. Or even something happening to the house since you're responsible for insurance from exchange onwards. For my own move I'd like at least a week gap in an ideal world. I will not be one of those exchanging and completing simultaneously, that's for sure

We returned everything our broker asked for to get the mortgage application started today. That's the main source of anxiety for me at the minute! DH is so chilled about everything and I'm such a stress head, it's actually winding me up when he says "it'll be fine"

Joining 😀

Week 9 here and getting cross. Solicitors are so useless at responding / sending queries. Everything our solicitor has needed I literally had to send to him (inc planning permission that should be on file at LA)

Just want it down before half term

Can I join please?

Our house is on the market for 3 weeks now - plenty of viewings but no offers. it's a lovely house but not so nice locality and overpriced for the area. We need to reduce the price - we were trying the market at the estate agents recommendation.

I have seen a lovely place which I will be offering on tomorrow - but as we don't have an offer yet - is there any hope of them accepting our offer? (Lovely houses in nice areas are going so fast!!)
Need to get my ducks in a row... but what ducks?

Really need to ring estate agent first thing and set a realistic price!

@Lemonylemony

Oopsie - seems we could have exchanged today but my phone was off! My phone died pretty much after my last post, then I was busy so it was off for less than 2.5hrs. When I just plugged it in now there was about a million pings of text messages, emails and missed calls with everyone chasing me to give authority to exchange! There’s sod’s law for you! As far as I was concerned I gave that authority in an email days ago to my solicitor but apparently they needed it again. Well, they have it again now, in writing in an email as no one is answering their phone.

Bloody hell. What a rollercoaster!

@Lurchermom do you have to manage anxiety generally? There is so much we can’t control about this process I think it is really difficult mentally for everyone, let alone those of us that have to keep an eye on our mental health anyway. Sounds like the right approach to me just focusing on what you can influence and one thing at a time.

That is sods law! And what a pain for you. I also hate phone tennis, I get so frustrated. Fingers crossed you're all good to go today then for exchange?

Re:anxiety I was terrible as a teen, but generally have a good grip on things but I think the control is an issue. So generally I have life pretty locked down then to have something so major out of my control has really knocked me back as I'm not used to it! My DH always jokes I'm a control freak, but this has perhaps brought to the fore quite how much I use that to control my anxiety.

Thankfully he has answered all the necessary queries with a level head and apart from one document (which we know we have!) going AWOL they all seem pretty simple.

Two questions:

• is it normal for the conveyancer to just send all the queries over straight to us (without apparently answering any themselves that they definitely know the answer to)? We feel like we are paying a lot of money (we went for a more expensive choice for a better experience) and it feels like all she is doing is forwarding emails.

• who normally pays for an indemnity policy? We have a missing historic deed and we paid as buyers £150 for the indemnity on purchase. But now we are being asked to pay it as vendors... Obviously we won't quibble over it, but feel like we're being a bit shafted...

@WhereOnEarthDoIStart

Can I join please?

Our house is on the market for 3 weeks now - plenty of viewings but no offers. it's a lovely house but not so nice locality and overpriced for the area. We need to reduce the price - we were trying the market at the estate agents recommendation.

I have seen a lovely place which I will be offering on tomorrow - but as we don't have an offer yet - is there any hope of them accepting our offer? (Lovely houses in nice areas are going so fast!!)
Need to get my ducks in a row... but what ducks?

Really need to ring estate agent first thing and set a realistic price!

We offered on our new house before ours was even on the market! The vendors really want a quick sale and hadn't had much interest (overpriced), after we viewed and gave feedback they dropped the price a lot and we immediately offered the new asking price.

They gave us two weeks to make some progress, left the house on the market but didn't let anyone else view. In that time we got ours on the market (fortunately already had an appt with an estate agent to value, so things just happened rapidly from that), had ten viewings and accepted an offer just in time to meet their two week deadline.

Everyone I spoke to said we'd never get an offer accepted until we were proceedable but we did, so it CAN happen but I think it's quite unusual.

@Jujuball that's helpful thanks. We're public service so we don't really have the risk of redundancy. It'll be interesting if it's something we can do.

Update here. We're week 9/10. Everyone is basically ready apart from the top of the chain. We don't want to risk losing our buyers. All okay at the moment as they were hoping for half term anyway.
It's frustrating when everyone else is keen to move except one whose barely done anything 😡

@AmandaHugenkiss

Thanks, the big thing he said was the back wall was bowing which I’m hoping isn’t a 3 the other things were upstairs windows don’t open wide enough, oil tank too close to fence, sludge in drain, crack in garage wall, woodworm, rodents, guttering problems.........but like you say it’s very comprehensive and might not all need doing straight away. I just wish the report would hurry up and get here!!

Fingers crossed today is a more productive day for all of us and our solicitors/estate agents answer all are emails before the end of today. Otherwise it’s a long wait until Monday morning........

[quote Radleygirl]@AmandaHugenkiss

Thanks, the big thing he said was the back wall was bowing which I’m hoping isn’t a 3 the other things were upstairs windows don’t open wide enough, oil tank too close to fence, sludge in drain, crack in garage wall, woodworm, rodents, guttering problems.........but like you say it’s very comprehensive and might not all need doing straight away. I just wish the report would hurry up and get here!!

Fingers crossed today is a more productive day for all of us and our solicitors/estate agents answer all are emails before the end of today. Otherwise it’s a long wait until Monday morning........[/quote]
Second that I’m off work today and I plan to spend all all day chasing my solicitor to get some progress wish me luck!

[quote Radleygirl]@AmandaHugenkiss

Thanks, the big thing he said was the back wall was bowing which I’m hoping isn’t a 3 the other things were upstairs windows don’t open wide enough, oil tank too close to fence, sludge in drain, crack in garage wall, woodworm, rodents, guttering problems.........but like you say it’s very comprehensive and might not all need doing straight away. I just wish the report would hurry up and get here!!

Fingers crossed today is a more productive day for all of us and our solicitors/estate agents answer all are emails before the end of today. Otherwise it’s a long wait until Monday morning........[/quote]
I'd the property you are buying old?
If so, was your surveyor an historic buildings specialist? Is the back wall of the house, or the garden? Woodworm - has he said where or how extensive? Is there sign of current woodworm or just that it has been there in the past?
Sorry for all the questions! I'm certainly not an expert but got an MSc in building conservation so I know bits and pieces (though obviously no legally provided guidance, just friendly suggestions!!)

Welcome to all the newbies!

@Lemonylemony any news re exchange? Could it happen today?

After a few weeks of not much activity, my EA has got us three viewings in! One in an hour, so just finishing cleaning and tidying, and two tomorrow. Two of them are FTB’s, so fingers crossed!

Solicitor says “we’ve started the exchange process” (it’s a whole process!)

To be updated!

@Lemonylemony

Solicitor says “we’ve started the exchange process” (it’s a whole process!)

To be updated!

Exciting!!!!