Is anyone moving now?
Discussion
gotoPzero said:
For example this sold very quickly, at the higher end of the market. Good views, central location, in good condition and possibility of an income i.e airbnb etc.
https://www.rightmove.co.uk/properties/146473685#/...
Then as an example this. Been on a while, needs work and no views. Similar ish money, but no where near as desirable.3-4 years ago I would have been thinking it was a 400k house. Now its on the market for 2x that.
https://www.rightmove.co.uk/properties/145797470#/...
That's one for the porn thread and one for the nightmare thread. That's a lovely place with the view. Ok, maybe not porn but it's not a sprawling stately home which is my worst nightmare.https://www.rightmove.co.uk/properties/146473685#/...
Then as an example this. Been on a while, needs work and no views. Similar ish money, but no where near as desirable.3-4 years ago I would have been thinking it was a 400k house. Now its on the market for 2x that.
https://www.rightmove.co.uk/properties/145797470#/...
Ours is SSTC and we've had an offer accepted on the place we're buying.
We had the buyers surveyor round today, and I could just tell his report is going to be a nightmare and put the fear of god into our buyers. He was flagging things such as 'front door has had a repair to the silicone sealant around the frame'. We have a single storey extension with a flat roof built in the 80's. Admittedly it could do with replacing (no idea if it's original or not) but as he said 'no evidence of any leaks'. But no doubt the buyers will think they need to get it replaced immediately and will be on the hook for a couple of £k right off the bat.
The buyers chipped us on price, and to be honest it was already priced to sell. Lets just hope they are sensible when they receive it and don't try to chip me even more.
We had the buyers surveyor round today, and I could just tell his report is going to be a nightmare and put the fear of god into our buyers. He was flagging things such as 'front door has had a repair to the silicone sealant around the frame'. We have a single storey extension with a flat roof built in the 80's. Admittedly it could do with replacing (no idea if it's original or not) but as he said 'no evidence of any leaks'. But no doubt the buyers will think they need to get it replaced immediately and will be on the hook for a couple of £k right off the bat.
The buyers chipped us on price, and to be honest it was already priced to sell. Lets just hope they are sensible when they receive it and don't try to chip me even more.
Such surveys are a nightmare for first time buyers or people that haven’t bought an older place before.
We have a FTB couple buying, but they’re older, but I already know they’ll go for one of those in depth surveys which always make it sound like any Victorian house (this is 1890 built) may not be here next week.
Like you, we also priced to sell, I’m not giving them any more in my head. But when pressed with it I really don’t know if I could let the house we are buying go. But very easily this whole transaction could cost me 6 figures in overage/underage which takes a long time to recoup.
We have a FTB couple buying, but they’re older, but I already know they’ll go for one of those in depth surveys which always make it sound like any Victorian house (this is 1890 built) may not be here next week.
Like you, we also priced to sell, I’m not giving them any more in my head. But when pressed with it I really don’t know if I could let the house we are buying go. But very easily this whole transaction could cost me 6 figures in overage/underage which takes a long time to recoup.
You both better get your ducks in a row for the inevitable email asking for an adjustment id say.
I recall when I last sold, as part of the utter bulls
t my buyers surveyor had recommend was an overhaul/replacement of the rainwater goods, and to budget for replacement windows throughout, together with extensive repointing and a new boiler.
The gutters and downpipes were 8 years old at that point and fine, and the double glazing was 14 years old with a single blown pane which I was happy to replace before completing. The house was almost completely repointed 9 years before, and whilst the valiant boiler was 15 years old, it would have still have worked in a nuclear apocalypse. For this, and a few other spurious reasons, they wanted 10k off, and they were already getting a good deal.
I ended up agreeing a 3.5k reduction and made the agent pitch in 750 quid because we were 4 months into the process and he should have really have been protecting me against this madness instead of engaging with it. I probably could have told them to fk off and theyd still have purchased the house, but it wasnt worth me risking 2750 to find out.
I spose with the benefit of hindsight that was a reasonable result for everyone, but you still feel like you're getting your pocket picked at the time, and that will piss anyone off, whether its 20 quid or 20 grand.
I recall when I last sold, as part of the utter bulls
t my buyers surveyor had recommend was an overhaul/replacement of the rainwater goods, and to budget for replacement windows throughout, together with extensive repointing and a new boiler.The gutters and downpipes were 8 years old at that point and fine, and the double glazing was 14 years old with a single blown pane which I was happy to replace before completing. The house was almost completely repointed 9 years before, and whilst the valiant boiler was 15 years old, it would have still have worked in a nuclear apocalypse. For this, and a few other spurious reasons, they wanted 10k off, and they were already getting a good deal.
I ended up agreeing a 3.5k reduction and made the agent pitch in 750 quid because we were 4 months into the process and he should have really have been protecting me against this madness instead of engaging with it. I probably could have told them to f
k off and theyd still have purchased the house, but it wasnt worth me risking 2750 to find out.I spose with the benefit of hindsight that was a reasonable result for everyone, but you still feel like you're getting your pocket picked at the time, and that will piss anyone off, whether its 20 quid or 20 grand.
princeperch said:
You both better get your ducks in a row for the inevitable email asking for an adjustment id say.
I recall when I last sold, as part of the utter bullst my buyers surveyor had recommend was an overhaul/replacement of the rainwater goods, and to budget for replacement windows throughout, together with extensive repointing and a new boiler.
The gutters and downpipes were 8 years old at that point and fine, and the double glazing was 14 years old with a single blown pane which I was happy to replace before completing. The house was almost completely repointed 9 years before, and whilst the valiant boiler was 15 years old, it would have still have worked in a nuclear apocalypse. For this, and a few other spurious reasons, they wanted 10k off, and they were already getting a good deal.
I ended up agreeing a 3.5k reduction and made the agent pitch in 750 quid because we were 4 months into the process and he should have really have been protecting me against this madness instead of engaging with it. I probably could have told them to fk off and theyd still have purchased the house, but it wasnt worth me risking 2750 to find out.
I spose with the benefit of hindsight that was a reasonable result for everyone, but you still feel like you're getting your pocket picked at the time, and that will piss anyone off, whether its 20 quid or 20 grand.
Comes with the level you’re selling at though. If you’re pitching your home at top tier pricing with the view that ‘it’s turnkey’ then buyers don’t want 14 year old windows and a dated boiler, no matter how new the kitchen or carpets are.I recall when I last sold, as part of the utter bulls
t my buyers surveyor had recommend was an overhaul/replacement of the rainwater goods, and to budget for replacement windows throughout, together with extensive repointing and a new boiler.The gutters and downpipes were 8 years old at that point and fine, and the double glazing was 14 years old with a single blown pane which I was happy to replace before completing. The house was almost completely repointed 9 years before, and whilst the valiant boiler was 15 years old, it would have still have worked in a nuclear apocalypse. For this, and a few other spurious reasons, they wanted 10k off, and they were already getting a good deal.
I ended up agreeing a 3.5k reduction and made the agent pitch in 750 quid because we were 4 months into the process and he should have really have been protecting me against this madness instead of engaging with it. I probably could have told them to f
k off and theyd still have purchased the house, but it wasnt worth me risking 2750 to find out.I spose with the benefit of hindsight that was a reasonable result for everyone, but you still feel like you're getting your pocket picked at the time, and that will piss anyone off, whether its 20 quid or 20 grand.
Not many buyers of a certain generation will be able to pay substantial stamp duty to then drop that kind of money when they move in and discover issues. I know they’re fine to you, but only because you ‘know’ they’re fine, a stranger on 2 viewings doesn’t.
pb8g09 said:
Comes with the level you’re selling at though. If you’re pitching your home at top tier pricing with the view that ‘it’s turnkey’ then buyers don’t want 14 year old windows and a dated boiler, no matter how new the kitchen or carpets are.
Not many buyers of a certain generation will be able to pay substantial stamp duty to then drop that kind of money when they move in and discover issues. I know they’re fine to you, but only because you ‘know’ they’re fine, a stranger on 2 viewings doesn’t.
Depends on so much though. Not many buyers of a certain generation will be able to pay substantial stamp duty to then drop that kind of money when they move in and discover issues. I know they’re fine to you, but only because you ‘know’ they’re fine, a stranger on 2 viewings doesn’t.
I’d also argue that the further up the house buying value ladder you are, the less significant it is to change things (windows I grant are expensive).
My wife was moaning about something in the house we are buying. She had to be politely reminded that when you’re spending what we are on SDLT, who cares about a few grand on whatever thing it was. Some people miss the wood for the trees.
That all said, when we bought this place we got told about some damp, we tried to chip them on price to the tune of what the inspector said it would cost to fix. They told us no, and the inspection was completely incorrect in finding the problem anyway. I often think everyone involved in house buying is just a chancer trying to cream a living off this that and the other.
Edited by okgo on Saturday 15th June 10:35
pb8g09 said:
Comes with the level you’re selling at though. If you’re pitching your home at top tier pricing with the view that ‘it’s turnkey’ then buyers don’t want 14 year old windows and a dated boiler, no matter how new the kitchen or carpets are.
Not many buyers of a certain generation will be able to pay substantial stamp duty to then drop that kind of money when they move in and discover issues. I know they’re fine to you, but only because you ‘know’ they’re fine, a stranger on 2 viewings doesn’t.
I understand the point youre making, but they are buying the land and the house on it. They arent buying a brand new boiler as part of the deal. Otherwise everyone would need new or nearly new boilers in order to maintain liquidity in the housing market. Not many buyers of a certain generation will be able to pay substantial stamp duty to then drop that kind of money when they move in and discover issues. I know they’re fine to you, but only because you ‘know’ they’re fine, a stranger on 2 viewings doesn’t.
Which has also neatly reminded me of a situation a good mate had. He was selling a flat in a period mansion block in putney in 2015.it was up for 500k. A chinese buyer eventually made an offer and after the survey demanded all the taps in the flat were changed because the survey had flagged they were old, which they were. But they worked.
My mate hit the roof and told the agent if he received anymore correspondence of a similar nature from the buyer the flat would be automatically withdrawn. The agent told him to calm down, and it was a cultural thing, that asian buyers very frequently like to push their luck and squeeze every penny they can from the deal. Whether that is true, i dont know.
It’s very difficult to predict how buyers respond to surveys. I sold a property early this year, 120 years old and the buyer had a basic survey done for valuation, the surveyor was there 10 minutes, loved what I had done on the refurb and said there would be nothing in his report to hold up the sale. Then out of the blue another surveyor rings to make an appointment to carry out level 2 survey. This surveyor was an older chap and it took him 3+ hours. His report was just waffle, red flags on the 1 month old rewire and new central heating just because he hadn’t seen the certificates, the buyer, even though just a young lad seen through the bullst and wished he hadn't wasted his money on a level 2. It could have gone the other way and terrified him so that he ran a mile. I’m selling my house and the buyer hasn't bothered with a survey, just a drive by valuation, the house is only 20 years old though. Most of the houses I sell have been refurbed, I don’t bodge them just to look nice they get what they need, so I have never had to reduce the price because of a survey.
t and wished he hadn't wasted his money on a level 2. It could have gone the other way and terrified him so that he ran a mile. I’m selling my house and the buyer hasn't bothered with a survey, just a drive by valuation, the house is only 20 years old though. Most of the houses I sell have been refurbed, I don’t bodge them just to look nice they get what they need, so I have never had to reduce the price because of a survey.Many of the FTBs in the market right now will have probably been burned by missing out on properties they liked during 2021 and 2022 when everything was going gangbusters. If they’re anything like me they’ll be glad to finally be at the front of the queue on something at a sober price. Exchanged contracts yesterday at asking price. The survey had a couple of big red banners in it- ‘Health and Safety advisory’. One of them was for a non-IP67 rated bathroom light fixture.
Quite glad we didn't get a survey on our latest forever home purchase. It was about twice the price of our last property. I think the survey would probably have spooked us, and end of the day what's a few thousand of repairs in the grand scheme of things vs the house price. In someways it makes more sense to get a survey on a starter property when you have less funds available for repairs
princeperch said:
I understand the point youre making, but they are buying the land and the house on it. They arent buying a brand new boiler as part of the deal. Otherwise everyone would need new or nearly new boilers in order to maintain liquidity in the housing market.
Which has also neatly reminded me of a situation a good mate had. He was selling a flat in a period mansion block in putney in 2015.it was up for 500k. A chinese buyer eventually made an offer and after the survey demanded all the taps in the flat were changed because the survey had flagged they were old, which they were. But they worked.
My mate hit the roof and told the agent if he received anymore correspondence of a similar nature from the buyer the flat would be automatically withdrawn. The agent told him to calm down, and it was a cultural thing, that asian buyers very frequently like to push their luck and squeeze every penny they can from the deal. Whether that is true, i dont know.
And I also agree with your point too. I guess it depends on circumstances of the property and nerve of the buyer. Which has also neatly reminded me of a situation a good mate had. He was selling a flat in a period mansion block in putney in 2015.it was up for 500k. A chinese buyer eventually made an offer and after the survey demanded all the taps in the flat were changed because the survey had flagged they were old, which they were. But they worked.
My mate hit the roof and told the agent if he received anymore correspondence of a similar nature from the buyer the flat would be automatically withdrawn. The agent told him to calm down, and it was a cultural thing, that asian buyers very frequently like to push their luck and squeeze every penny they can from the deal. Whether that is true, i dont know.
I did a drive-by survey on my latest property as it was built in 1998 and been refurbed since with certificates. Equally I bought a 1905 semi in Bournemouth 6 years ago, paid for a level 2 (maybe even 3) survey, came back saying great but then the house threw me £30k (nearly 10% of the value) of botch job fixes in just 18 months. Lost all faith in surveyors at that point!
We have a surveyor booked for tomorrow - our purchaser has already chipped us on price (gulp) and we've already stated we don't care what horrors they find, the price is the price.
Likewise our survey on the place we want returned a huge list of 'red' marks, not surprising on a Victorian farmhouse.
My latest worry is removal costs - moving 200 miles north, 4 men x 3 days = £8000 plus VAT. WTAF? Top price >£10k.
However, my wife insists (rightly) I'm not to do it. The mind is willing, but the flesh recently effed it's elbow using a lightweight battery strimmer FFS.
The stress levels are rising...
Likewise our survey on the place we want returned a huge list of 'red' marks, not surprising on a Victorian farmhouse.
My latest worry is removal costs - moving 200 miles north, 4 men x 3 days = £8000 plus VAT. WTAF? Top price >£10k.
However, my wife insists (rightly) I'm not to do it. The mind is willing, but the flesh recently effed it's elbow using a lightweight battery strimmer FFS.
The stress levels are rising...
princeperch said:
The agent told him to calm down, and it was a cultural thing, that asian buyers very frequently like to push their luck and squeeze every penny they can from the deal. Whether that is true, i dont know.
I spent 20 years selling houses. It's true
The other excuse was that changes in the exchange rate had left them short of funds. Usually a day before exchange of contracts.
As an estate agent we had to submit a revised offer to the vendor, however I used to love it when they used to say foxtrot oscar. I never lost a sale from the vendor saying no.
The Don of Croy said:
We have a surveyor booked for tomorrow - our purchaser has already chipped us on price (gulp) and we've already stated we don't care what horrors they find, the price is the price.
Likewise our survey on the place we want returned a huge list of 'red' marks, not surprising on a Victorian farmhouse.
My latest worry is removal costs - moving 200 miles north, 4 men x 3 days = £8000 plus VAT. WTAF? Top price >£10k.
However, my wife insists (rightly) I'm not to do it. The mind is willing, but the flesh recently effed it's elbow using a lightweight battery strimmer FFS.
The stress levels are rising...
Is cheaper to use a company from where you are moving to, rather than a local company?Likewise our survey on the place we want returned a huge list of 'red' marks, not surprising on a Victorian farmhouse.
My latest worry is removal costs - moving 200 miles north, 4 men x 3 days = £8000 plus VAT. WTAF? Top price >£10k.
However, my wife insists (rightly) I'm not to do it. The mind is willing, but the flesh recently effed it's elbow using a lightweight battery strimmer FFS.
The stress levels are rising...
The Don of Croy said:
We have a surveyor booked for tomorrow - our purchaser has already chipped us on price (gulp) and we've already stated we don't care what horrors they find, the price is the price.
Likewise our survey on the place we want returned a huge list of 'red' marks, not surprising on a Victorian farmhouse.
My latest worry is removal costs - moving 200 miles north, 4 men x 3 days = £8000 plus VAT. WTAF? Top price >£10k.
However, my wife insists (rightly) I'm not to do it. The mind is willing, but the flesh recently effed it's elbow using a lightweight battery strimmer FFS.
The stress levels are rising...
I'd assume that's a BAR registered firm. Likewise our survey on the place we want returned a huge list of 'red' marks, not surprising on a Victorian farmhouse.
My latest worry is removal costs - moving 200 miles north, 4 men x 3 days = £8000 plus VAT. WTAF? Top price >£10k.
However, my wife insists (rightly) I'm not to do it. The mind is willing, but the flesh recently effed it's elbow using a lightweight battery strimmer FFS.
The stress levels are rising...
You've clearly got a large move there.
That cost doesn't seem wholly unreasonable.
You'd be welcome to send me any details if you would like an opinion from inside the industry.
There's a good chance the overnight element is £4-600. The way you've worded it suggests it's overnight.
Fuel with L/D allowance on the vehicle is worth £500
Base costs allowed for the days will be £2-2500 per day
Going for a mover from destination will make no difference usually. It will however introduce risk. Quite a lot.
You can't afford cock-ups in vacating. Assessing a move from distance is difficult. Very. The larger the move, the greater the possibility for error.
The Don of Croy said:
We have a surveyor booked for tomorrow - our purchaser has already chipped us on price (gulp) and we've already stated we don't care what horrors they find, the price is the price.
Likewise our survey on the place we want returned a huge list of 'red' marks, not surprising on a Victorian farmhouse.
My latest worry is removal costs - moving 200 miles north, 4 men x 3 days = £8000 plus VAT. WTAF? Top price >£10k.
However, my wife insists (rightly) I'm not to do it. The mind is willing, but the flesh recently effed it's elbow using a lightweight battery strimmer FFS.
The stress levels are rising...
How much would it cost you to get rid of some of your big and bulky possessions that aren’t special and buy again? (Beds/wardrobes/tables/garden furniture/garden tools/kitchenware)Likewise our survey on the place we want returned a huge list of 'red' marks, not surprising on a Victorian farmhouse.
My latest worry is removal costs - moving 200 miles north, 4 men x 3 days = £8000 plus VAT. WTAF? Top price >£10k.
However, my wife insists (rightly) I'm not to do it. The mind is willing, but the flesh recently effed it's elbow using a lightweight battery strimmer FFS.
The stress levels are rising...
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