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  • FIRST POST
    • RedfordML
    • By RedfordML 7th Oct 17, 5:50 PM
    • 708Posts
    • 379Thanks
    RedfordML
    What is a fair amount of time to give someone time to buy...
    • #1
    • 7th Oct 17, 5:50 PM
    What is a fair amount of time to give someone time to buy... 7th Oct 17 at 5:50 PM
    Having had an offer accepted?

    I appreciate no exact answer, but what time did you give your vendors to find?
Page 1
    • crisp
    • By crisp 8th Oct 17, 10:41 AM
    • 372 Posts
    • 52 Thanks
    crisp
    • #2
    • 8th Oct 17, 10:41 AM
    • #2
    • 8th Oct 17, 10:41 AM
    I would give 1 month maximum to get an offer accepted.

    Any serious seller would have done a lot of research and shortlisted possibles. Anything else and they are idiots
    • Davesnave
    • By Davesnave 8th Oct 17, 12:59 PM
    • 23,686 Posts
    • 89,657 Thanks
    Davesnave
    • #3
    • 8th Oct 17, 12:59 PM
    • #3
    • 8th Oct 17, 12:59 PM
    Anything else and they are idiots
    Originally posted by crisp
    Oh dear, I must be an idiot; it took me 6 months to find this place!

    It depends how specific the person's requirements are. A stepping- stone house should be quicker than one intended to be owned for a very long period.

    A 'fair' amount of time to wait is not 6 months, though. It's shorter than that, but probably more than a month. It really depends where the rest of the chain is, assuming there's one.

    I went into rented, which solved a lot of problems.
    'A society grows great when old men plant trees whose shade they'll never sit in.'
    • nicos42
    • By nicos42 8th Oct 17, 1:28 PM
    • 23 Posts
    • 2 Thanks
    nicos42
    • #4
    • 8th Oct 17, 1:28 PM
    • #4
    • 8th Oct 17, 1:28 PM
    I ve been waiting for nearly three months but i found another house now.
    • Debtslayer
    • By Debtslayer 8th Oct 17, 2:11 PM
    • 434 Posts
    • 615 Thanks
    Debtslayer
    • #5
    • 8th Oct 17, 2:11 PM
    • #5
    • 8th Oct 17, 2:11 PM
    Personally I would say 2 months, but it depends how much you want their house. Are sellers prepared to move in with family or rental as they don't want to lose buyer?
    Current Mortgage 01.10.17 £113,513.88
    MFW Start Mortgage: £114,794.64
    Current MED: 2036 Target MED: 2026
    Overpayment Target for remainder of 2017: £2,000
    Mortgage overpayment savings: £684.80
    MFW No 124
    • crisp
    • By crisp 8th Oct 17, 6:35 PM
    • 372 Posts
    • 52 Thanks
    crisp
    • #6
    • 8th Oct 17, 6:35 PM
    • #6
    • 8th Oct 17, 6:35 PM
    Oh dear, I must be an idiot; it took me 6 months to find this place!

    It depends how specific the person's requirements are. A stepping- stone house should be quicker than one intended to be owned for a very long period.

    A 'fair' amount of time to wait is not 6 months, though. It's shorter than that, but probably more than a month. It really depends where the rest of the chain is, assuming there's one.

    I went into rented, which solved a lot of problems.
    Originally posted by Davesnave
    how soon before you moved into rental ?

    The problem is people that look half heartedly without the option of a rental or family if possible.
    • Davesnave
    • By Davesnave 8th Oct 17, 6:52 PM
    • 23,686 Posts
    • 89,657 Thanks
    Davesnave
    • #7
    • 8th Oct 17, 6:52 PM
    • #7
    • 8th Oct 17, 6:52 PM
    how soon before you moved into rental ?

    The problem is people that look half heartedly without the option of a rental or family if possible.
    Originally posted by crisp
    We went into rented as soon as we sold, as there was nothing interesting available to buy. We knew what our particular market was like and we expected the search to take anything up to 18 months.
    'A society grows great when old men plant trees whose shade they'll never sit in.'
    • csgohan4
    • By csgohan4 9th Oct 17, 7:31 AM
    • 4,018 Posts
    • 2,498 Thanks
    csgohan4
    • #8
    • 9th Oct 17, 7:31 AM
    • #8
    • 9th Oct 17, 7:31 AM
    you should ask yourself the question, how long are you willing to wait on someone
    "It is prudent when shopping for something important, not to limit yourself to Pound land"
    • Rambosmum
    • By Rambosmum 9th Oct 17, 9:38 AM
    • 1,552 Posts
    • 2,013 Thanks
    Rambosmum
    • #9
    • 9th Oct 17, 9:38 AM
    • #9
    • 9th Oct 17, 9:38 AM
    Anything else and they are idiots
    Originally posted by crisp



    We must also be idiots. We saw hundreds of houses, put in several offers, but we were in a very fast moving market and other buyers were putting in silly money offers, well above asking price.


    We had some offers through which later fell through for many different reasons.


    In the end, it took us 5 months before we had an offer accepted on the house we eventually bought.


    OP - how much do you like the house? Are there other properties of a similar type/ price/ that meet your criteria. How long are you willing to wait?
    Last edited by Rambosmum; 09-10-2017 at 9:41 AM.
    • hazyjo
    • By hazyjo 9th Oct 17, 10:46 AM
    • 9,839 Posts
    • 12,484 Thanks
    hazyjo
    Our buyers offered on 19 June.


    We had an offer accepted somewhere on 17 July.


    The rest of the chain was complete on 10 August.


    Ours sounds like a fair timeline. Depends if the rest of the chain needs forming. If we hadn't got the house we're moving to, I'd prob still be looking! There have been 2 or 3 maybes since, but they would have been compromise-houses.
    2017 wins: Opera tickets; film preview; lipstick; Ideal Home Show tickets + afternoon tea & bottle of Champagne; 2 cases of NKD; notebook; bath rack; books; film Premiere; Broadchurch DVDs; lipbalms; hamper (food/wine/Echo Dot/Jo Malone goodies); Avon lippies; cowhide rug; Windsor luxury break, foundation; Flybe flight
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