House Buying - Moneysaving Tips

juliw

I'm thinking of moving don't have a mortgage don't want a mortgage. I had one quote from an estate agent for selling & purchasing.The full cost everything is fully itemised in black & white plus hips totalling £9102.65 including VAT. This has made me think twice about moving. Other estate agents quote seem to give you a figure, not fully itemised, so the price look cheaper. Friends have often said they thought the price was agreed, then on the final day the extras get added

lovelylouca

What I can offer however are some tips that I have picked up and still use from the 8 years I spent sat as a broker in an estate agency office.


This is where i personally take over for the buyer and begin submitting offers to the agent on their behalf. The offer must be presented confidently and with supporting information. Example:
" Mr & Mrs x have decided that the property 'x' is the one they wish to purchase. They have their funds in place with the mortgage agreed in principle, and are in a position to instruct a solicitor immediately upon the offer being accepted. They are in an excellent position and can close the chain above and get it moving swiftly. Bearing that in mind they wish to offer 'x' subject to the following conditions.
All future and current viewings are cancelled
The property is withdrawn from the open market immediately and they have exclusivity over it
The sold board goes up within 48 hours
They receive weekly updates on the progress of the chain."

Apologies for the naivety - but will most estate agencies offer brokership? This sounds like great advice - and in fact I chose to put my property on the market with the estate agent that I thought would work hardest not only to sell my property but to get me moving to my next one (added bonus that they were cheapest too).

Also, I need to sell my property at the right price in order to move - when should I start looking at properties? Logic would seem to suggest when I've accepted an offer on my current property - only then would I become a "hot" card in the estate agent's rolladex - but is there anything to be gained by putting in a cheeky offer on a property stating that if it's accepted I could afford to sell my property at a cheaper price?

marten_lewis

I am new to this, so i appologise if i am in the wrong forum!!

Can anyone answer my query...
Is it better value to take a mortgage out for 25 years and overpay, or to take a 20 year mortgage?

Thank you!

mjmal51

arlybarly wrote: »

hi, just signed up onto propertybee and then go onto rightmove but the only history showing on every house is todays date and the current price now, cant seem to find where you get all the history about the house to come up, thanks in advance. x

Same for me, downloaded property bee this morning and registered but did not get the e mail to activate, not in spam folder either! Any advice people?

rs74

We have recently viewed a house and would like to place an offer. However, there is one potential problem. The house appears to be being sold due to a relationship breakdown and is currently being occupied by the presumed injured party who appears to be biding their time in the house. I presume this as they were very off hand and made zero effort when showing us around!
Does anyone have any advice please on how to handle this situation as I get the impression that the occupier may be obstructive.

Many thanks

G_M

marten_lewis wrote: »

I am new to this, so i appologise if i am in the wrong forum!!

Can anyone answer my query...
Is it better value to take a mortgage out for 25 years and overpay, or to take a 20 year mortgage?

Thank you!

I don't think it makes a difference provided in each case you pay it off in 20 years. Having a 25 year mortgage of course give you more flexibility - if you hit hard times in the future you can revert to 'basic' payments.

The key is that the more you pay each month (irrespective of the actual mortgage term) the quicker you'll pay it off and the lower the total cost.

techmax76

Its great that there's a thread that gives this guide. I have been searching for the effective way to buy and sell a house. I've been thinking if this could be a could business

M157RY

You can get historic house prices from:houseprices.co.uk
And its free!

BMore

This is a fascinating thread because I'm doing an excellent new course of property investment training seminars designed for the current climate by PierGroupProperty that includes almost exactly the rules advocated by Andy Smith over three years ago in an entirely different market. Assuming my tutor (John Landon) is correct, then yes these negotiating rules apply today just as they did in 2006.

Ben

EnduringHeart

Hi,

This is a great informative thread, especially for FTB like me. I wanted to the pick the very knowledgable brains about the best course for a FTB buying as an investment with a view to let.

I want to buy in east London, and max price is 250K. In terms of investment, would it be better to buy a house or flat as a first buy? This is probably an oversimplified question, but any insights would be greatly appreciated.