The forlorn buyers/sellers club

[Comps83]

Apart from the little boom in the middle. This year has been pretty stressful for those of us wishing to move house this year so I thought I'd start a little 'support' group
My story is - failed part ex. We reserved in June and they dropped us in October . We sold or gave away everything we didn't want to take with us including our sofas!
We've had the house up for sale for 2 months privately now and have only had 2 viewings. The market seems to have ground to a halt as nothing is moving in our area now . Hopefully next year will be better for all of us

I wish to join you in your misery, we are selling and buying. We were supposed to exchange this Friday and complete next Friday. Turns out our buyers mortgage application has only just gone in... Whereas they told everyone they should be receiving their offer TODAY.

@WhispersAnonymous communication is so poor isn't it!
We were given a 'completion' date by the sales office which we and our solicitors worked towards . This was 3 weeks prior to the given date and for 3 weeks our solicitor heard nothing from theirs until the afternoon before the 'completion' date to say they had queries
They dragged it out for another month before telling us our house was 'unsellable' and gave out plot to someone else

@Comps83 That's terrible!!!! Literally everything is sorted searches, enquiries the lot!! This was the final. I hate selling it's such a shit show.

@WhispersAnonymous we're considering selling and then renting so we aren't rushed into anything
IF we can sell

@Comps83
Did they say why your house was unsellable?!?

Our house is only 4 years old and the estate only just finished apart from some finishing touches
They queried the unadopted road and maintenance fee, which is ridiculous as I'm sure most of their developments are the same

@Catmummyof2 I've given up all hope of catching the stamp duty gap now
Unless they extend it and hopefully this will create another mini rush which will see our house sell
The most upsetting thing is our once lovely home is still upside down
We have all the cardboard boxes confined to one room now but i keep needing stuff from those boxes.
We spent a month on deckchairs and I think this why I now have an excruciating trapped nerve

@Catmummyof2 the main sticking point was the unadopted entry road. There was also a buyer who dropped out 'apparently' for the same reason. Others houses are bought and sold on this estate though . Although the sink hole which opened up in the road in July didn't help either

@Catmummyof2 similar to you, we went on market end of aug or beginning of Sep, found a buyer in two weeks. Took five weeks after that to lose out on one property and get accepted on another. Then our buyer dropped out.

Went back on market, sold again after two weeks - slightly lower offer as hoping to get back into chain. Vendor not interested. Another one completely messed us around. Now looking for something new and market is completely stagnant. We only went on the market due to stamp duty, sigh! (perhaps a mistake in hindsight).

Our EA may have something suitable coming up this weekend, but god knows if I'm be battling a horde of other house hunters for it...

@Comps83 that sounds just exhausting. Did they just find (in their eyes) a better option? The whole thing is so cruel. Hopefully it will improve in the new year :-/

@InescapableDeath no I don't think so
They just didn't want to take on a house with issues that all their houses will have
Very hypocritical

I offered on a bungalow for my father, the day it came on the market. Offer accepted. Ever since then it has been stuck in probate with no sign of movement. It’s so frustrating - I just want to get on with it, get the keys, get the builders in to renovate it and get my Dad in. It’s next door. It will be perfect.

It should be so simple and quick when there’s no chain and a cash purchase. But probate. 🤯

Meant to say the offer was accepted in August. Sigh.

im trying to buy a house for my smallholding. have been looking for a year! missed out on a few amazing houses back in february! then covid took over. now its seems everyone wants to relocate to the countryside and everyone wants land! i knew my budget of £350k wasn't the highest but this time last year in lincolnshire/norfolk you could find a house with land for my budget....now there is nothing! i feel like its not going to happen and im looking for the impossible :(

@VenusClapTrap I also thought ours would be straight forward. Part ex a new build for another new build . What could go wrong ?
@mklanch yes I've noticed prices have rocketed. Well the ones we want to buy anyway . We've actually got our in the market for less than we paid for it .

I hate to be the bearer of bad news - our downsize house move has so far taken over a year. It's been a complete bloody nightmare. The system of buying/selling in England and Wales is grim. I would like to add that I now hate Barclays bank with a passion.

@Catmummyof2 exactly , then they had the cheek to offer us another plot not ready until April . I said no . We are looking at older properties now

We saw two houses yesterday that came up out of the blue and made an offer on the most expensive. The sellers decided they wanted more, which we also offered, then they haven't come back to say it's accepted or not. Why is it so hard?

At every step, we have made offers with full transparency and offered basically what we've been asked to. But because it's an area seeing a huge influx of buyers from London now, the goalposts keep moving.

I wanted to go for the cheaper house with less strings, but my husband only liked the pricier one (I like it too!). But as a result we're in limbo yet again.

Another pointless phone call from our estate agent to let us know they haven’t been able to get any feedback for the last viewing .

We did get our offer accepted in the end, but I've been here before so trying (and failing) not to get too excited. Our buyer already tried to get money off the day after she offered (we let her have a second viewing at short notice), so I'm expecting it again after the survey...

@InescapableDeath why on earth did she try and get money off so soon after having her offer accepted?

@Comps83 It was a joke really. She came on to view on a Saturday and was so keen the offer came in about an hour after. We were on at £300, she suggested £282 or something like that, and we pushed her up to £287 - which was less than we previously sold at a few weeks earlier.

On Monday she rang the EA and said she would be in town with her uncle and could she do a second viewing to take some measurements that day. We rearranged everything so she could - an hour later she wants to change the offer to £285 because she's 'realised the house needs more work than she thought'.

ie her uncle said she was paying too much, I reckon. We said no, because we were already losing money, and she stuck to £287. Tbh I have sort of already accepted she will ask again after the survey and she can have it then.

But the house visibly needs work - that's why it was the same price as a mid-terrace next door! (we are spacious end-terrace). If she wants loads off I'll be gutted as we need it in case we miss the stamp duty deadline.

I thought she might pull out after that but she's put in her mortgage app before we closed the chain so she must be fairly keen.