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Original poster

Anyone sat waiting for property to come on the market?

68 replies

Keepthechangeyafilthyanimal1 · 26/01/2021 10:04

There was a thread on this before but I can’t find it We’ve been ready to buy for 4-5 months, we finally have a good deposit and mortgage offers but there are no houses in our price bracket at all. A year ago there were loads of houses available but it has slowed right up since autumn. We have only been to view two houses, one didn’t feel right and the other transited to be a do-er upper and not financially feasible for us. I knew December would be slow because of Christmas but hoped January would pick up a bit however Covid and lockdowns won’t be helping.

Sell your houses people!!!

OP posts:

Clettercletterthatsbetter · 26/01/2021 10:40

Our house is about to go on the market so we need to sell, but there’s absolutely nothing on the market where we want to move to. I really hope the housing market will start to warm up soon - I’ve had a rightmove alert set up for a couple of weeks and nothing at all has come on in that time!

EggyBread4me · 26/01/2021 10:46

Yes! We sold in June and went into rented, had to take on a 12 month contract. At the time we thought that would be far to much time! Fast forward to now and our landlord has told us we have to be out in 6 months (so he can move back in) but we still haven't found anything! Going to end up taking on another 12 month rental at this rate 😭 So frustrating!

SeaKelp101 · 26/01/2021 13:16

Register with local estate agents, they may know of houses where owners are in two minds about going to market and may be able to give you the heads up.

Also, maybe ticket a road or area you like. Someone again in 2 kinds about selling may just contact you.

Passportpacked · 26/01/2021 13:21

Yes, relocating with dp's job and we have a generous re location package but hardly anything for sale. Permanently on rightmove

SendMeHome · 26/01/2021 13:26

We want to sell and have found the house we want to buy, but we have a flat and flat sales have plummeted... so we can’t move to the house, and the house can’t move on. They’ve already found what they want to buy, and had their offer accepted, too. It’s insane.

I hope you find something you like soon! I think realistically we’re going to need to sit tight for a few years, but I do wonder what will happen to the higher tiers of the housing market if everyone in flats has to do that.

GenderApostate19 · 26/01/2021 14:34

My DD has been very lucky, a house came up two weeks ago, I honestly thought it would go way over asking price as there are no 4 bed houses for sale anywhere she wants to live, there were six viewings over a week but nobody had offered - I’d advised her to hang back and see if the EA got in touch, they did and she offered £8k under and they accepted!
They put in the mortgage application in yesterday so fingers crossed.
It would be lovely if the stamp duty break was extended but I really doubt it will be. She’s a ftb but her partner isn’t so they are looking at just shy of £4k.

FraterculaArctica · 26/01/2021 14:44

We want to put ours on the market (need to relocate) but can't get people in to do painting and maintenance etc. with the current lockdown. So frustrating. Wish we could just sell to someone without the hassle of marketing, and to someone who can see past the mess that 3 small kids make!

Veefum · 26/01/2021 14:51

Same here. Nothing coming up. We have a buyer who is ready to exchange. Our budget is generous. We lost one house as the buyer pulled out (and in that time missed our chance with other homes). The one house that came up this month was bought by a downsizer which was annoying as we didn’t stand a chance. The only other feasible house in our budget has a very stubborn seller who had decided what the price point is and is completely ignorant of the fact the price they want is wildly too high for the area when combined with the fact the property needs a lot of work. Our whole chain is lined up ready to go and I’m expecting it to get pulled because we just can’t find anything. Makes me very blue some days we’ve wasted so much time and energy and got nowhere.

LopsidedWombat · 26/01/2021 17:25

Oh thank you for starting this thread! Had an offer accepted on a property in November, mortgage offer received quickly and everything was moving along nicely until the seller pulled out just before exchange about a week ago. Back to square one with literally nothing available within our budget. Hoping things will pick up for everyone soon and that it's just a January thing!

GrumpyHoonMain · 26/01/2021 18:07

In my experience houses are selling the minute they get to the estate agent so many aren’t bothering with rightmove. Introduce yourself to 2-3 local agencies and let them know you want to see everything within your budget. You might get more viewings that way.

dbIdb · 26/01/2021 18:10

@GenderApostate19

My DD has been very lucky, a house came up two weeks ago, I honestly thought it would go way over asking price as there are no 4 bed houses for sale anywhere she wants to live, there were six viewings over a week but nobody had offered - I’d advised her to hang back and see if the EA got in touch, they did and she offered £8k under and they accepted! They put in the mortgage application in yesterday so fingers crossed. It would be lovely if the stamp duty break was extended but I really doubt it will be. She’s a ftb but her partner isn’t so they are looking at just shy of £4k.

Is £4K a typo? @GenderApostate19

TedMullins · 26/01/2021 18:14

Yep, but a flat. I’ve tried to buy 4 already and they’ve all fallen through for reasons completely beyond my control. I have the money and the mortgage offers but I can’t seem to find anything without Japanese knotweed or other structural/leasehold issues that prevent lenders from lending.

GrumpyHoonMain · 26/01/2021 18:18

@TedMullins

I have a flat I only expressed an interest in selling (we aren’t ready yet) and the estate agent already drew up a waiting list of 20 families who want to see it on day 1.

TedMullins · 26/01/2021 18:23

Bloody hell Grumpy! I’ve been looking since October 2019 and over that time I keep seeing the same flats listed, some have been on over a year. A lot go to sold STC on rightmove, disappear, then pop up again a month or two later. I really want to buy one, it’s very frustrating that lenders keep refusing for stupid reasons (okay, knotweed is understandable but I had another lender refuse because it was 4 feet under their minimum square footage requirement 🙄😂)

Bollss · 26/01/2021 18:27

Yes. We want to sell, just got a few bits to do before listing it. We've viewed one house we love but totally impractical. There is not one other house I even want to view! When we didn't want to move there was bloody loads I liked the look of.

GenderApostate19 · 26/01/2021 18:29

£3750 is what the stamp duty will be, house is £268k.

dbIdb · 26/01/2021 19:24

@GenderApostate19

£3750 is what the stamp duty will be, house is £268k.

Wouldn’t it be 3%, that seems low?

OUB1974 · 26/01/2021 19:57

We are waiting, it's so annoying! Sold our house in December and moved in with family. We are cash buyers, money sitting in the bank from our sale, yet there is nothing coming on! When we started looking in August I lined up 6 properties to view in one day. We offered in the best one but fell through shortly before we were due to exchange. It is so so frustrating, there is nothing we can do but wait. My big worry is that something ok but not amazing will come up and we'll have to decide what to do.

Bollss · 27/01/2021 12:08

isnt the 3% stamp duty only over 140k (or something like that?)

so 268-140 = 128 and 3% of that is £3840 (thats a similar figure i cant be far off!)

dbIdb · 27/01/2021 13:21

@TrustTheGeneGenie

isnt the 3% stamp duty only over 140k (or something like that?)

so 268-140 = 128 and 3% of that is £3840 (thats a similar figure i cant be far off!)

I’m only asking as DH and I are in the exact position as @GenderApostate19’s DD. Our solicitor has told us that on a house price of £250k, stamp duty will be £7,500 before 31/03 or 10,000 after. I’ve entered £268,000 on the Gov stamp duty calculator and it shows stamp duty owing as much more than £4k.

I’m now wondering whose solicitor is wrong?!

Clettercletterthatsbetter · 27/01/2021 15:13

@dbIdb are you buying a second home or will it be your sole residence?

Bollss · 27/01/2021 18:22

I assumed (perhaps wrongly!) It was their sole residence.

If it's before 31st March and your sole residence you shouldn't have to pay anything should you?

Redglitter · 27/01/2021 18:27

Might seem a daft question but have you tried the local Facebook page for the area you want? My friend did, had several people contact her and found a house she loved. Theres been a few similar posts in the area I live. Might be worth a try

Souther · 27/01/2021 18:40

The £10000 will be I'd you are buying a second property.
Yes I'm just waiting and watching got everything ready but nothing is coming up for sale that is in the price region I want.
Anything half decent is going within days. But nothing in my price bracket.
I'm just fed up. Was being really picky with my house but right now feel like I'm being ground down by the limited options available.

RainingBatsAndFrogs · 27/01/2021 18:40

Veefum would you consider going into rental for a short while? Then when things get going again you will have the advantage of being a no chain buyer.

Also you will have sold at pre-stamp duty holiday prices and will be buying at stamp duty prices which will probably drop a bit.

You stand no chance now of completing a purchase before 31 March, but if you have sold you could be using the time to carry on looking.

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