Buying and selling thread

[instantpotnoodle]

I couldn’t see one - anyone going through the long painful buying and/or selling? We’ve recently had an offer accepted, after chains collapsing 3x previously on 3 different houses. We’re chain free waiting for the upward chain to be complete.

on the plus - Barclays offered us our mortgage the day after we applied. Very different from previous applications which took a few weeks. Clearly quiet in mortgage land!

[instantpotnoodle]

@Jonsnowsghost

We're nearly 6 months in and the stress is unreal, I can't belive how slowly it's all been going.
Having issues with solicitors up the chain arguing with each other and not taking responsibilities, outstanding queries from January (sellers are also refusing to service their boiler!), management company for my flat just do not respond to the solicitors...it just goes on! Already had to extend my mortgage offer by 30 days (now runs out early June) but we may need to reapply if it keeps dragging out...
Never moving again!

That sounds very stressful @Jonsnowsghost

im also never moving again once this move is done. It’s been a 2 year long, expensive nightmare!

[Jonsnowsghost]

We're trying to complete by the end of May, the outstanding queries have finally come back but we're waiting on one query with the management company 🤦🏼‍♀️
I've emailed, tweeted and sat on hold on the phone for 2 hours today and still got no where...!

[cinnamonbiscuit]

Another one here who is never moving again!

We’ve been waiting for three weeks now for an update from our sellers solicitors re how their purchase is coming along. At this point we still don’t even officially know how long the chain is 🤨 so that’s all becoming a bit annoying. Our solicitors will be onto them again soon, but they’re currently merging with another law firm so they’re a bit preoccupied this week. This also means that our mortgage offer needs to be reissued with the new solicitor details on it.

Additionally our solicitors forgot about my ISA, so we’re dealing with that now and hope that it won’t take too long to get the money and bonus withdrawn.

The survey was done today so hoping to hear about that mid next week- not expecting any significant issues.

It should technically all still be happening in June but it’s v frustrating that our sellers aren’t giving us any updates at all on their progress 😫 we just feel like we’re in a limbo currently.

[Birdington]

@cinnamonbiscuit Oh I feel for you, nothing worse than limbo.

[Wednesdayonline]

Mortgage offer came in today, so relieved :) now just hoping the survey doesn't bring up anything too serious

[bjkmummy]

Second viewing from last week made an offer on Tuesday, they've booked the surgery already for about 10 days time. Hoping the survey is okay - as the seller I'm really anxious about that but don't know why as we've really taken good care of the house and made lots of improvements to it. My buyers house is on an unadopted road so hoping that doesn't bring any surprises for the people buying that house. It's just one stress after another it feels

[mumarooni]

Our lenders have sent through a valuation instruction to estate agents now, so things are moving at that end. Still waiting for vendors to find somewhere, and they don't want us to instruct solicitors until they do...

[Birdington]

Grr still waiting on a yes or no to my offer. Another clenchy weekend. 😵‍💫 how’s everyone else?

[Karmatime]

We had the survey done yesterday. Full structural one as it’s a period property. I haven’t had the full report yet but the surveyor rang and gave me the headlines. It doesn’t sound as if there’s anything to be overly concerned about. There’s no chain and we are renting a mile away. I’m really hoping we can exchange by mid June so that we can give notice and complete in July. The sellers are moving into rented but I don’t think they’ve secured anywhere yet although they are apparently looking already. We are going back for another look at the end of next week. I hope we still love it as much as on the first viewing.

[Birdington]

@Karmatime Sounding good I hope you get in by then.

Can anyone recommend what survey would be best for a house built on the early 1990’s?

[Karmatime]

@Birdington For a ‘90s property I think a Homebuyer report (level 2) should be fine. They are still very thorough in my experience. Ours was built in 1860 and is in a conservation area so we felt we had to go the full hog!

[Birdington]

@Karmatime Thanks, I’ll make a note of that!

[cinnamonbiscuit]

We had our survey report (level 2) back today, and thankfully no real issues. A few things out of date that will need to be replaced eventually but no structural issues or damp etc so we’re happy! We’ve arranged a final viewing before exchange for next Thursday. Still no update from solicitors on the vendors progress, it might actually be easier to just wait and ask them at the viewing if they’re there!

[instantpotnoodle]

Our solicitor seems to have done some legal work despite us saying not to until we’d had the survey done. Hopefully will all be OK as really don’t have the energy to fight a solicitors bill if it all collapses! Waiting to hear our vendors survey is ok on the house they’re buying. And then our level 3 on Tuesday (house is old and pretty large so need the full one!)

[Flubadubba]

Our vendors story keeps changing. At the viewing they were potentially chain free. Then they were tight on money and needed the maximum to buy the property that their offer had been accepted on. Then they were confident their offer had been accepted.

How much of this is DH misunderstanding stuff (I have dealt with everything for previous purchased and salws) and how much is them being painful is what I am unsure on.

Annoyingly, this is dream house and there are slim pickings where we are moving to atm..

[whirlyhead]

Accepted an offer in March but we told them we don’t want to move before September which they are fine with. They’ve just had their mortgage approved so survey next. The only thing I’m concerned about is our 20 year old boiler but there’s been no reason to replace it as it’s brilliant.

we’re moving to Europe so have to find somewhere to rent there. Not looking forward to that as it’s more expensive than renting in England but thanks to brexit buying abroad is difficult so that will have to wait.

[Messyhair321]

@instantpotnoodle

I couldn’t see one - anyone going through the long painful buying and/or selling? We’ve recently had an offer accepted, after chains collapsing 3x previously on 3 different houses. We’re chain free waiting for the upward chain to be complete.

on the plus - Barclays offered us our mortgage the day after we applied. Very different from previous applications which took a few weeks. Clearly quiet in mortgage land!

I would say that Barclays are pretty good we remortgaged with them a couple of years ago & they were head & shoulders above the bank we used to be with.

We're selling & buying. We think our buyer is going to try to renegotiate the price, we're 5 weeks following accepting the offer they made - £15k below asking price because we saw a house we wanted to buy. Now they want a survey. Only now. The surveyors have booked in two weeks time. Our agent who is handing both our sale & the buyers sale/purchase on our property have been slack throughout. Putting pressure to remove our house from the market right at the beginning of marketing it, for a buyer not even on the market. This buyer they seem to earmark for our house, and it is them that eventually did sell theirs & are buying our house.

I cannot bear our agent, they give the impression that they're working for our buyers, I've even complained but no response. We knocked our house price down & because of their lack of coordination almost lost the house we want to buy.
I want to remove myself from the contract with them - obviously we don't want to upset our sale, & I don't think it would, the notice period would cover the sale but I'm thinking if the buyer tries to renegotiate we won't be dropping anymore, & we would then need to remarket & want to do this elsewhere. There's a 6 month period where if we exchanged within that period following sale with other agent we'd have to pay a percentage to them, so we're thinking of handing notice in sooner rather than later. Any advice appreciated.

[Jobhuntings]

Feel like I've been in the buying/selling bubble forever.

Went on the market Aug 2020, Sold in Dec 2020, but then our onward purchase fell through so moved into temporary airbnb accommodation. Luckily I had a rental property whose tenants moved out so we moved into that house.

Then sadly lost a family member due to covid, I inherited their house, went through probate and then sold that house.

Began viewing for dream house in 2021, made offer Oct 2022. Decided to sell the rental we were in, listed it in Jan 2023. House purchase completed Feb 2023. House sale SSTC in April 2023 - still ongoing.

So it's great that we've moved into the new house but still waiting to sell previous house!

I'll be so glad when this is finally all over. I'm now on very great terms with my solicitor!!

[cinnamonbiscuit]

Finally a tiny bit of movement today, we went for a final viewing and the vendors are packing (!) The estate agent said she thinks they’re on track for completion in the first week of June, and confirmed that their onward purchase is end of chain. This is in spite of the fact their solicitors have gone silent and not sent our solicitors any update for a month! She’s going to chase them for us for an actual completion date. It feels like it’s finally happening!

[catindahat]

Can I join you?

I'm buying. My solicitor received the replies to enquiries 3 days ago, and still reviewing. Does anyone know how long it takes from here to completion date please?

[MrsBlondie]

@catindahat

Can I join you?

I'm buying. My solicitor received the replies to enquiries 3 days ago, and still reviewing. Does anyone know how long it takes from here to completion date please?

How long is a piece of string. Sorry!
We had all enquiries answered by January - moving tomorrow!

[mumarooni]

How's everyone getting on? Things are moving a little here. We have lenders valuation tomorrow and vendors have found something to buy and it's chain free so the chances of being settled by September term have just gone up 🤞🤞🤞

[bjkmummy]

We have the survey here from our buyers yesterday. House we are buying our survey being done next week. We are a 3 house chain - we are end of the chain as the house we are buying empty as owner in USA. Two of us are cash buyers/no mortgage. This is our second buyer as first buyer pulled out after 2 weeks as we think they saw something else. Thankfully had another buyer within a week so kept our house purchase going. Now anxious wait to see if our buyer comes back if the survey picks up anything though hopefully it won't.

[instantpotnoodle]

Our enquiries are going fine. Vendors are happy with the survey on the house they’re buying. We’re waiting for ours (now overdue 😡) then if we’re happy we’ll kick off searches. Going suspiciously smoothly but then we’ve had so much go wrong we’re due some luck!

[instantpotnoodle]

@catindahat

Can I join you?

I'm buying. My solicitor received the replies to enquiries 3 days ago, and still reviewing. Does anyone know how long it takes from here to completion date please?

Ours have been quick so far but the we and the vendors are using the same firm
so solicitors can’t drag it out!