To those selling in these difficult times Part Deux. AKA sellers support network!

23rdspiral

Scallie wrote: »

Phew, that's a relief. Thanks for clarifying that.

Well the good news is that our offer was accepted. So now our situation is that we have an offer on our house (but the buyer hasn't sold his house yet), and we have an offer on the house we want (but the seller hasn't found a house to go to). What now?

you could always ask if your seller wants to purchase the house of your buyer?!?

Scallie

Heh heh, we did actually and the EA tried it. The vendor is looking for an older property .

I'm not sure what happens next with all this though. I don't know if we're supposed to be doing something like instructing solicitors, or just waiting until the whole chain is in place.

skintlass

Hi Everyone, Well my viewers put in an offer for 5k less than the asking price which is still cheap considering what I've done to the house but I've accepted, they've been financially qualified and the sold board should go up Friday :T. A long way to go but getting there. Now I need to instruct my solicitor tomorrow and chase everything through.

kymie

Congratulations Skintlass!!

mich_city

congrats skintlass, hope it all goes smoothly from here.. :T

still no viewers for me.. called into AE's today as was passing, he reckons is on at right price, but the usual.. problems for 1st time buyers getting finance etc etc.. asked would more photos on the wesite help as the person who came only took the lounge, dining room and my bedroom (plus gardens) - bathroom and other bedrooms are perfectly presentable, the kitchen is dated, but is clean and you would be able to live with it easily - IMO

said i'd take photos and email them to him.. can use them or come out themselves to take them

skintlass

Are other properties in your area selling? I waited to put my house back on the market until I started seeing sold signs in the area.

mich_city

skintlass wrote: »

Are other properties in your area selling? I waited to put my house back on the market until I started seeing sold signs in the area.

there are a few sold signs around.. far more 'for sale' tho quite a few to let signs around too, letting market seems pretty active.. oh well

23rdspiral

congratulations skintlass!!

mich - good luck with the photos, i'm sure you can do a better job than the EA and show off the right features ect. i'd say you're right to show a kitchen even if it is dated because at least potential buyers know it's not a wreck or that you've got something to hide.

not_loaded

Scallie wrote: »

…So now our situation is that we have an offer on our house (but the buyer hasn't sold his house yet), and we have an offer on the house we want (but the seller hasn't found a house to go to). What now?

Well, trying to be positive, you may well be moving before long. Being a bit more realistic, if your buyer hasn’t sold yet you’re currently going nowhere.

Have they been on the market long? Have they had offers? Are they realistically priced?

Early on we had a very good offer, and with us with no onward chain that sounded very promising. Unfortunately they weren’t even on the market. They took three weeks to get on the market and then heavily overpriced their rather undesirable house. Overall, that got us absolutely nowhere of course.

You’ve offered on a house as well, and they’re in the same position you are, namely an unproceedable offer. I presume they’re staying on the market and continuing to allow viewings?

I'm not sure what happens next with all this though. I don't know if we're supposed to be doing something like instructing solicitors, or just waiting until the whole chain is in place.

There’s no point in doing anything until you’re all able to proceed. If you start to spend on surveys or solicitors you’ll probably be throwing money away.

Sorry not to be more positive…

sunshine_shell

Haven't been on for a while but we accepted an offer on my flat in the first week of August and its still dragging on! They now want us to pay a policy for the flat and i said i would only if the complete by the 23rd. if they don't they pay half and if i have to pay another mortgage payment on the flat they can pay the whole bloody lot!! I'm bored now of selling the flat. I just want it over and done with!