Buyers sellers roll call 12

[Bells3032]

New thread. Hopefully the last one for us!!

[Roselilly36]

@PointyMcguire thanks for giving me hope 🙏 will update after this visit, one I really like online, trying not to get too excited, after all the disappointment of last weekend. @AmmoniteMum good luck to you I hope you find the perfect home for your family. It’s so difficult, we are looking for something very specific to our needs & trying to please 4 adults, DH & I and our two DS’s 19 & 17 is proving difficult. But keeping the faith and hoping this weekend we will find the one.

[Bells3032]

Why does it take so long to literally sign some papers. We have been ready to exchange for a month. Our sellers have been ready to exchange since Monday (they are buying a chain free house). We have no idea why it is now Thurs and we have yet to exchange. Their solicitor said they're not quite ready though our sellers have said they informed the solicitor on Monday they are.

Just do your job already!!!!!!!

[kitschplease]

Joining in - house has been valued and agent instructed (although think I opted for the wrong one). Viewed three houses and there are two which would fit the bill (it's a head over heart move). Need an offer to proceed but may put in an expression of interest.
Lots of odd jobs to do this weekend ahead of photos!

[Maybenexttime08]

@fourmonthstogo I agree that logically this is nothing to do with the solicitor, however our broker has spoken to TSB after we questioned them and they are the ones saying that it is the solicitor that deals with it when they request the funds on completion. We are trying to get the broker to speak to the solicitor directly today so fingers crossed it gets resolved!

[PointyMcguire]

@Roselilly36 ah we had that with the house we’re buying. On paper it looked perfect for us, but having been burnt a few too many times we didn’t want to get too excited. Fortunately it was just as good, if not better in the flesh. Fingers crossed yours will be exactly the same 🤞🏻

[Badgerbadger22]

We’re viewing a house today! It’s perfect everything but £10k over budget....

I know they won’t accept it an offer if we submitted one but feel like we ought to try.

[InescapableDeath]

You never know, Badger. Must say in my experience I've been a bit annoyed that we were told to expect offers/that we might need to take one - and we did. But the majority of sellers we've approached have refused to take anything but accepting.

Saying that, we offered hugely below on house we are buying now (they had made up their own price so it genuinely was daft) and they eventually saw the light and said yes.

[Badgerbadger22]

Well we viewed it and it was in an awful state!! So we made our cheeky offer because it’ll need SO much work doing.

I loved it though. The estate agent said our offer was reasonable considering the state of the place - filthy. Absolutely filthy!

But the vendor is apparently quite stubborn. He didn’t even tidy up for the viewing. Didn’t even bother flushing the toilet!!

[countdowntonap]

Joining as 11 weeks in, and hardly any updates for a month. Turns out our conveyancer sat on some of our paperwork (homebuyers survey) for over three weeks. Wondering when it’s time to put in a complaint.
Yours seems to have moved relatively quickly in comparison Jedstre Frustratingly, no one can seem to tell us where the holdup is.

[PointyMcguire]

Ah @Badgerbadger22 don’t think like that. When we listed our house we were fully expecting offers of 10% below asking price. I think most people are realistic that they might need to accept less than asking if price unless they’re in a high demand area. Do you know how long it’s been on the market for?

[Badgerbadger22]

@PointyMcguire quite a while but not 100% sure as it’s been listed, reduced and taken offline a few times! Hard to keep up really.

My husband is in shock at the filth of the place. I don’t even think I want my furniture entering the place until after put new carpets in & a deep clean - not sure what the logistics are of that though!!

[countdowntonap]

Bells3032 We’ve had similar: conveyancer tells us one thing, but we know from the seller that it isn’t true!

[Badgerbadger22]

@PointyMcguire we think maybe since May or June but we’re not 100% sure. It’s been reduced by £10,000 already too.

[Tomatoandbasil]

Waiting very impatiently to hear back about our mortgage application.

[Pepperwand]

Our solicitor now has the contract pack from our vendor's solicitors and has sent our buyer's solicitors all the paperwork. There's just the three of us in the chain (us in middle) so hopefully that can get moving along while we wait a month for our survey to be completed!

[Jujuball]

Local search has arrived today, I've checked it over and it's all fine just need the mortgage offer, replies to enquiries and the sellers' onward purchase to be ready now... wish they'd all get a move on

[MarthaWashingtonsFeralTomcat]

Just joining as have fallen in love with somewhere and gone on the market to pursue it. Went on Rightmove at 3pm on Friday and have had 3 viewings, 2 more booked in. Can't judge if that is good or not. Half term may be slowing some potential purchasers down I suppose.

[Roselilly36]

@Badgerbadger22 it’s so weird, we viewed a property at the weekend, that was really untidy, but clean, no ones seems to go to the effort I went too when we were having viewings. I would be totally embarrassed for people to view if my house was a mess.

[Sitdowncupoftea]

I'm almost 6 weeks in. Searches underway , survey happening soon. No chain involved.

[Bells3032]

So so nearly there. Probably not tonight. Hopefully tomorrow. It seems that there has been some IT glitches with our seller's solicitor - little bit worried about fraud as the emails we have been receiving from there have been from someone not working on the case :-S

[Baxdream]

@Jujuball I know you must get fed up of us asking questions.

How long does the actual exchange process take once solicitors know the completion date. What actually happens?

[ldnirish]

Joining!

Sold in mid Oct to an investor, survey just completed

Offer accepted end of Oct, survey pending.

The people we are buying from haven't found a place yet , really hoping they find somewhere with no upper chain!

So, so nervous that we won't complete before stamp duty holiday ends

[Fern204]

Joining in yet again. We are on our third set of buyers and fifth house to buy. Two weeks since offer accepted on both ours and the one we want to buy. No chain as our buyer has already completed and is living with her mum, and our vendor is moving in with her partner if her purchase isn’t ready.
However, we still haven’t received contracts from vendors solicitor, hopefully we will have them tomorrow. Searches won’t be due back until first week of December.
Our buyers survey isn’t until last week of November. Everything is taking so long! Our survey was done today and mortgage offer will be out next week, but the aim is to be in by Christmas. Everyone has agreed but I have my doubts.
We are going for a second viewing and to measure up on Saturday, it is my favourite house yet, so really want it all to go through this time.

[Badgerbadger22]

Our offer is being taken very seriously and he wants the night to mull it over I’m shocked it’s not a straight off “No!”.

So I’m guessing he’s likely to request a few grand more? I think we can offer £3k more!

but it needs so much work doing. But I want the house SO much!!

I think I can live with big rugs and skanky carpet for a little while maybe for the house of my dreams.

[Jujuball]

Oh @Badgerbadger22 keeping everything crossed for you!! 

@Baxdream I honestly don't mind! It's nice to be able to help if I can

Not every solicitor will be the same as me but personally once a date is agreed on a purchase, assuming all enquiries etc. are finalised, I would:

• Send the certificate of title to the lender (confirming all is fine with the property legally speaking and telling them when to release funds for completion)

• request HTB ISA bonuses if needed

• request funds from clients if I don't already have them

• make sure clients have returned their signed documents

• make sure I have replies to requisitions from the other solicitor (their bank details and undertakings to redeem any existing charges on the property)

Once all paperwork/funds are in, I'd phone the lender to check release of funds is all OK with them (some have means of telling you this without having to chase, but some you have to call).

Then you need to do final searches at the Land Registry (OS1 and bankruptcy searches), and check they're all OK.

Check with the clients that you have permission to exchange.

Then start the exchange process. Which is a faff in a chain (can explain this further if you like!)

On a sale you'd need to check you had an accurate final redemption statement for the mortgage, EA invoice etc and have the client approve a completion statement. Send replies to requisitions to the other solicitor. Make sure you have the client's signed paperwork and authority to exchange. Then exchange