@BeauticianNotMagician81 Sorry to hear to introducing the parking back into the property hasn't drummed up any additional views so far. How long ago did you make the changes? Hopefully you will get some more viewings soon.
@Violinist64 We are exchanging on our new home this Friday. And you are correct. You won’t pay stamp duty on the first 250,000£. You will pay stamp duty at different rate on anything above that.
Do you currently still own a property though? If you do like us then you will need to pay a 3% surcharge on all of it including the first 250 000£. But if you sell your original property within 3 years you can usually claim the additional 3%surcharge stamp duty back.
@InTheCludgie If I were you I would probably still continue trying to sell. Doesn't sound like your heart really is in your current property. And you have nothing to lose right? You have a good fall back option. Always good to see the positive. More money for fun if it doesn't work out.
I sometimes wish we hadn't forged ahead buying our new house. I didn't quite foresee things getting this bad. And part of me does wonder if it would have been safer to just stay in our current house. Possibly try to extend into the loft. Although we would never have made the money back on a loft conversion. I believe the area of the town we currently live in has a ceiling price that we can't really break through.
@manateeandcake Sounds like you made the right decision on agreeing to a sale with the pushy couple even if you didn't get full asking price. I think the market has slowed and things might get worse.
Hopefully you will get your offer accepted on the house you want to buy. Wishing you good luck.
@Doubleraspberry How annoying about your solicitor being on holidays. Everyone has a right to holidays but they could really have told you earlier. No wonder you are frustrated. I would ask if someone can handle your sale whilst the other solicitor is gone.
@FuzzyPuffling Argh I am dreading the process of selling and all the certificates you need to provide. What happens if you don't have them?
So I called two estate agents today and booked in valuation viewings on Monday next week. Need to decide on at least a third one to book in. There is a company that seems to have signs up all over our part of town. And they were actually the estate agents that our vendors used. Our experience with them was perfectly fine, but a couple of people have yold us now that they had bad experiences. So not sure whether to get them in for a valuation or not.
I don't actually know what to expect after that at all. How fast from booking valuation does it take to put the property on the market? What steps hapoen after the valuation? Argh feeling so nervous.
Spoke to one of the estate agents on the phone and he confirmed that things had slowed down and that we shouldn't expect to sell at the same prices as 6 months ago. Buy he said the main issue isn't actually the rising mortgage rates. He says our town is actually a little bubble and prices always stay fairly stable here. However in downturns in can take longer to sell. According to him the reason for this is the lack of properties coming on to the market. Because people thinking of selling their property and buying a new place aren't sure if they will find a place to buy or a buyer, they hesitate about putting their property on the market. The whole thing grid locks and becomes a stale mate. He says the only solution is to get more properties on the market. Dunno. That's what he said anyway