omitn - that must be so frustrating for you all, particularly with a little one. 
Surely the estate agent had seen proof of his funding?
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Anyone bought a house recently?
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Posted 1 year ago #
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We moved in December from rented. Offered 20K below asking (220K) and agreed 10K under. After survey settled on 12.5k under asking.
Posted 1 year ago # -
What part of the country is that Sidney?
Posted 1 year ago # -
We completed two weeks ago on a house we bought in 2005. It sold for 7% less than we paid for it, and that's not counting tax and costs, but we needed to get out (long story).
Our final selling price was 17% less than the asking price. This price was itself reduced from buyers' initial offer at the last minute, after their bank reduced their maximum mortgage value specifically because the housing market is in decline. We didn't really have much choice and had to just take the hit.
It took over eight months to complete, and eighteen months to sell all told, despite there being no chain - much of this is down to the buyers being complete ******* flakes, and their idiot solicitor who left everything to the last minute. But their mortgage companies (they went through two) were uncooperative to the point of active hostility - banks simply don't want to lend money if they can help it and seem to be looking for excuses to make sales fall through. As a rule, selling houses right now isn't much fun, don't bother unless you really have to.
[Edit: ah sorry, I see you're buying. Be as cheeky as you like, play it cool and provided you can squeeze the money out of the bank, you'll nab yourself a bargain. Have fun! It's your market...]
Posted 1 year ago # -
We've got an agreement in principle for the maximum we'd want to offer but of course until you've actually had the mortgage approved the banks can still say no. I don't like the idea of offering on a house and then finding out we can't borrow the money but I can't see that we can do anymore than get the agreement in principle. And of course if the bank says the house is only worth x amount we have to go with that figure because as first time buyers we need to make sure that our LTV ratio is still met.
Even in a buyers market, I can't envisage any of the process being anywhere near fun...
Posted 1 year ago # -
Thats in Chelmsford, Essex.
Posted 1 year ago # -
Even in a buyers market, I can't envisage any of the process being anywhere near fun...
Yes, it's unlikely to be an enjoyable experience, I was being a bit flippant and bitter, sorry. Best of luck.
Posted 1 year ago # -
Whereabouts in the country was your house mintimperial?
Posted 1 year ago # -
We've just put ours on the market, so we've got all the 'fun' to look forward to. arrrgh
outskirts of notts if anyones interested.....
Posted 1 year ago # -
Outskirts in which direction?
Posted 1 year ago # -
Whereabouts in the country was your house mintimperial?
West Yorkshire, near Huddersfield.
Posted 1 year ago # -
Offered 10% under as our highest offer. Were ignored for two months then they came back an accepted 9% under on recommendation of the agent. We were probably the only proceedable cash buyers in Windsor, as all the houses we viewed and offered on are still for sale.
Posted 1 year ago # -
We've just put our house on the market too...
the market is very different to the last time we moved (2003/4) so will be very interesting to see what happens..
Posted 1 year ago # -
west, not far from j25 - pm if you want the right move link, its around your price I think
Posted 1 year ago # -
Wrong direction for us, thanks anyway.
First offer made and rejected
Posted 1 year ago # -
Even in a buyers market, I can't envisage any of the process being anywhere near fun...
Yes, it's unlikely to be an enjoyable experience, I was being a bit flippant and bitter, sorry. Best of luck.
*Thanks lucky stars in a non-Jenny Talior way*
That said, I probably shouldn't tempt fate.
Posted 1 year ago # -
I probably shouldn't have tried to post on here, have a chat and do some work at the same time - that last post made less sense than normal.
I'm shocked at some of the tales of problems on here, I'm a first time buyer and the place I am buying is ex-rental, so I've not had any chain type experience. The only problem I've had is signing the mortgage offer and at the same time discovering that the apartment hadn't actually been valued yet - just a couple of days delay.
*Thanks lucky stars in a non-Jenny Talior way*
*Thanks lucky stars in a non-Jenny Talior waving way*
Ebygomm - if your first offer isn't rejected then you didn't do it right.
Posted 1 year ago # -
We bought in October at -20%ish, flat above just went on market at +35% more than we paid, albeit a new roof and paint job on the building over the winter, IF it sells at that, then we have done well. It is investment, rented out flat in central Scotland.
Posted 1 year ago # -
Feel for you OMITN. We moved end of Jan. Would have been last october but for a total bastard timewaster who put an offer in on our house, then got shirty about the price and wanted money off, then disappeared off the face of the earth and refused to answer phone calls (and blanked us in the street when we bumped into him) which almost resulted in us losing our house and did result in us having to accept a lower offer than we'd have liked to progress the purchase of our new place.
Anyway turns out the prick was lying about being in a position to purchase in the first place.
Anyway we accepted around 15% under on our house sale but knocked around the same (maybe a little less) off the place we bought.
In the longterm getting the place you want is what really matters. It would have been nice to make a bit of extra money on the deal but it's not that important really.
Posted 1 year ago # -
Second offer made and rejected, back to the drawing board.
Posted 1 year ago # -
We've had ours on the market for three weeks and had one viewing two days after it went up and that's it. The wife has already seen the house she wants and we're now in the horrible position of waiting. We've put ours up at almost 10K below the other houses in the area in the hope of getting a bit of interest but nothing.
Posted 1 year ago # -
yossarian - we're not in such a bad place, but there are definitely lies being told..!
Am not happy being homeless...
Posted 1 year ago #
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