Is anyone moving now?

Author
Discussion

Seventyseven7

917 posts

72 months

Thursday 20th June
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Seventyseven7 said:
Buyer pulled out the week of exchange because they were finding it overwhelming and stressful. ranting

What’s the best thing to do now, stick with the current estate agent and say to put it back up, will that mean it’s far down the pecking order on Rightmove and look like it’s been up for 3 months?

Or do I move to a new agent and do a brand new listing, so it appears fresh on RM?
Chaps any advice on this?

Either stay with current agent, go back on with 'back to market' etc. Or come off the market for 2 weeks and go back on with a new agent, new pics etc (New agent is slightly more expensive overall)


ChevronB19

5,919 posts

166 months

Thursday 20th June
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Move 1 (to first house) - used a Fiesta

Move 2 (to 4 bed newish build plus garage) - hire a heap of a 7.5 tonner, borrowed a couple of mates, full day, £100

Interim - get married and inherit kids

Move 3 (hopefully final) just after Covid to 1800 listed farmhouse with 6 beds - pro company - 7 guys, one pantechnicon (absolutely rammed), 20 mile move, unpacked the same day - £1700. An absolute bargain, and my god did those guys work hard - I have no idea how they made any money

(Far NW of England)

Gary29

4,210 posts

102 months

Thursday 20th June
quotequote all
Seventyseven7 said:
Seventyseven7 said:
Buyer pulled out the week of exchange because they were finding it overwhelming and stressful. ranting

What’s the best thing to do now, stick with the current estate agent and say to put it back up, will that mean it’s far down the pecking order on Rightmove and look like it’s been up for 3 months?

Or do I move to a new agent and do a brand new listing, so it appears fresh on RM?
Chaps any advice on this?

Either stay with current agent, go back on with 'back to market' etc. Or come off the market for 2 weeks and go back on with a new agent, new pics etc (New agent is slightly more expensive overall)
That's a kick in the balls! I'm half way through the selling process at the moment and praying I don't have something as unlucky as this happen.

I did have my first buyer pull out after the survey scared him to death (FTB, house has a couple of minor issues) so I kept with the same agent, but the next batch of viewers could see it'd been up on RM for a few months despite being in a good location etc, so it did put me on the back foot a little bit, and put them at an immediate advantage in the negotiations. It definitely moves the property down the pecking order once that new listing buzz has died down.

Seventyseven7

917 posts

72 months

Friday 21st June
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Decided to take it off the market today and go back on with a new agent in 2 weeks time, start fresh.

Rather depressing, we had 3 offers all over asking. Went with a cash buyer, strung along for 13 weeks by them, only to pull out at the last minute saying they were too overwhelmed and stressed with it all so decided to stay in rented. Crazy. We are around 4.5k down due to them pulling out at the last minute. Went back to the two other offers and both have now found places and were too far along.

Oh well, we go again in 2 weeks time!

pb8g09

2,470 posts

72 months

Saturday 22nd June
quotequote all
Seventyseven7 said:
Decided to take it off the market today and go back on with a new agent in 2 weeks time, start fresh.

Rather depressing, we had 3 offers all over asking. Went with a cash buyer, strung along for 13 weeks by them, only to pull out at the last minute saying they were too overwhelmed and stressed with it all so decided to stay in rented. Crazy. We are around 4.5k down due to them pulling out at the last minute. Went back to the two other offers and both have now found places and were too far along.

Oh well, we go again in 2 weeks time!
What a really crap turn of events. I sold my last 2 houses to cash buyers and was always afraid they’d pull out and go for another property as they had less skin in the game compared to a mortgage buyer who’s already got their mortgage offer linked to your property.

Little Lofty

3,375 posts

154 months

Thursday 27th June
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Seven weeks have flown by since accepting an offer on my house, so just under eight weeks from when it went up for sale. I have a completion date of next Friday, still got st loads to pack, could do with another week really but I should manage, hopefully smile

okgo

38,665 posts

201 months

Thursday 27th June
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Some progress in ours though not sure it’ll be 7 weeks!

Valuations all fine (despite paying overs), surveys taking place this/next week. All sounding good.

Apart from the bank only wanting to lend up to a certainty percentage LTV, so having to find £70k we didn’t account for, which is proving ‘interesting’.

Nemophilist

3,012 posts

184 months

Friday 28th June
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okgo said:
Some progress in ours though not sure it’ll be 7 weeks!

Valuations all fine (despite paying overs), surveys taking place this/next week. All sounding good.

Apart from the bank only wanting to lend up to a certainty percentage LTV, so having to find £70k we didn’t account for, which is proving ‘interesting’.
What’s the reason the bank are only wanting to lend up to a certain LTV?

(Assuming you weren’t wanting to borrow 95% to begin with )

okgo

38,665 posts

201 months

Friday 28th June
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Nemophilist said:
What’s the reason the bank are only wanting to lend up to a certain LTV?

(Assuming you weren’t wanting to borrow 95% to begin with )
Portion is interest only. Means they’ll cap at a certain LTV.

The Don of Croy

6,044 posts

162 months

Sunday 30th June
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All signed ready for exchange tomorrow or Tuesday, completion early August.

Only last minute bother so far was our purchase and a potential issue with the septic tank - no specialist available to survey before exchange, so a reduction was agreed.

Removals on speed dial for after exchange. Fingers and toes crossed.

LuckyThirteen

526 posts

22 months

Sunday 30th June
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Exchanging a month in advance, well done.

My knowledge going forward is that 30th - 1st is busy across the board. After that, shouldn't be an issue getting your movers booked.

Little Lofty

3,375 posts

154 months

Sunday 30th June
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Fook, It’s amazing how much you can stash away in the cupboards, garage and the loft, having 4 floors is a killer too wobble

skwdenyer

17,149 posts

243 months

Monday 1st July
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Little Lofty said:
Fook, It’s amazing how much you can stash away in the cupboards, garage and the loft, having 4 floors is a killer too wobble
Username checks out smile

Little Lofty

3,375 posts

154 months

Monday 1st July
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skwdenyer said:
Little Lofty said:
Fook, It’s amazing how much you can stash away in the cupboards, garage and the loft, having 4 floors is a killer too wobble
Username checks out smile
Yip, I couldn't help myself, bought a modern townhouse so I wouldn't have any work to do, but once I realised I could make it 4 story I couldn‘t resist biggrin

smithyithy

7,329 posts

121 months

Monday 1st July
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FTB here, I'll give a summarised timeline...

  • Viewed house on 21st June
  • Spoke to seller on 24th June (a local friend happens to know him and got me his number)
  • Negotiated over the phone and agreed on a price
  • Initially thought about doing the sale sans estate agent but decided against it, so it'll be done the normal way, offer submitted via EA
  • Last week - spoke with 3 x different brokers, settled on L&C due to no fees, application submitted to lender via their portal (should get a final decision middle of this week); comparable quotes from 2 x solicitors, a local one and the broker's recommendation, went with the former, instructed them to start their work; ID and AML checks done through the seller's EA (£60 fee too, cheeky buggers..)
  • Assuming no issues with the mortgage application, ball should well and truly be rolling
  • No chain either end and all seems like a very straight forward transaction, so my aim is <3 months, so end of September, assuming no hiccups...
  • Currently with parents (10 minute walk / 5 min drive from property) so no rush to actually move on a set date, in fact plan is to do some decorating, TLC etc initially and move in gradually
Fingers crossed....

pb8g09

2,470 posts

72 months

Monday 1st July
quotequote all
smithyithy said:
FTB here, I'll give a summarised timeline...

  • Viewed house on 21st June
  • Spoke to seller on 24th June (a local friend happens to know him and got me his number)
  • Negotiated over the phone and agreed on a price
  • Initially thought about doing the sale sans estate agent but decided against it, so it'll be done the normal way, offer submitted via EA
  • Last week - spoke with 3 x different brokers, settled on L&C due to no fees, application submitted to lender via their portal (should get a final decision middle of this week); comparable quotes from 2 x solicitors, a local one and the broker's recommendation, went with the former, instructed them to start their work; ID and AML checks done through the seller's EA (£60 fee too, cheeky buggers..)
  • Assuming no issues with the mortgage application, ball should well and truly be rolling
  • No chain either end and all seems like a very straight forward transaction, so my aim is <3 months, so end of September, assuming no hiccups...
  • Currently with parents (10 minute walk / 5 min drive from property) so no rush to actually move on a set date, in fact plan is to do some decorating, TLC etc initially and move in gradually
Fingers crossed....
Sounds like dream scenario. Fingers crossed for you.



skinnyman

1,666 posts

96 months

Monday 1st July
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We accepted an offer on ours end of March, had our offer accepted on our next house mid/late April.

We're away 13th-30th July, I made everyone aware of this right at the beginning of the journey, but since May I've had a feeling that everything was likely to come together just as we're going away. As suspected my solicitor got in touch last week and our buyers have asked for July 12th as the completion date. We obviously said no, and it would now have to be early/mid August, this has annoyed our buyers as they wanted to be in by the end of July.

Their solicitor did initially suggest that moving house on the 12th, then catching a 6am flight on the 13th, was more than reasonable, and was confused as it why we said no to this plan.

pb8g09

2,470 posts

72 months

Monday 1st July
quotequote all
skinnyman said:
We accepted an offer on ours end of March, had our offer accepted on our next house mid/late April.

We're away 13th-30th July, I made everyone aware of this right at the beginning of the journey, but since May I've had a feeling that everything was likely to come together just as we're going away. As suspected my solicitor got in touch last week and our buyers have asked for July 12th as the completion date. We obviously said no, and it would now have to be early/mid August, this has annoyed our buyers as they wanted to be in by the end of July.

Their solicitor did initially suggest that moving house on the 12th, then catching a 6am flight on the 13th, was more than reasonable, and was confused as it why we said no to this plan.
We've been on the other side of this before - we stated we needed to be in by Christmas one year (3 months notice) and we ended up moving on 3rd January. Turns out the estate agents and solicitors don't really care much about your specific dates or needs.

smithyithy

7,329 posts

121 months

Monday 1st July
quotequote all
pb8g09 said:
Sounds like dream scenario. Fingers crossed for you.
Thanks! I'm not counting my chickens though..

To be fair I think I've done things a bit backwards, rather than getting the mortgage and everything sorted first and then hitting the market to view properties, I've waiting for a house to come on that I actually want, and then gone for it.. A bit like buying a car, just a much bigger financial commitment laugh

skinnyman

1,666 posts

96 months

Tuesday 2nd July
quotequote all
pb8g09 said:
We've been on the other side of this before - we stated we needed to be in by Christmas one year (3 months notice) and we ended up moving on 3rd January. Turns out the estate agents and solicitors don't really care much about your specific dates or needs.
I personally don't mind when we move, but what I find odd is my solicitor pushing for 12th July when they haven't sent out our contract pack yet