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silvercar
Posts: 49,481 Ambassador
At last, after 8 months of hell!
Looked at a BTL flat in November, got talking to the agent and went to see a house for us. Didn't like the house but caught the moving bug.
EA came around and valued are house lowish. We decide not to move. He shows 2 people the house as a favour. One of them offers asking price!
We then find a house. Delay and delay up the chain, our buyer exchanges on his sale, still problems with the chain, so he disappears into rented.
Within 2 days we have a new buyer ( they leafletted the road). Amazingly the house we are after has 2 other buyers now interested in the space of one weekend. We get gazumped, then the problems up the chain compound and the seller of the house we are after loses the house they were after. Pure Karma.
We find house number 2. All moving along nicely then FTB can't get a mortgage. Chain about to crumble, so we step in and buy the house at the bottom of the chain as a BTL.
So in 10 days I've got to complete on 2 houses!
Looked at a BTL flat in November, got talking to the agent and went to see a house for us. Didn't like the house but caught the moving bug.
EA came around and valued are house lowish. We decide not to move. He shows 2 people the house as a favour. One of them offers asking price!
We then find a house. Delay and delay up the chain, our buyer exchanges on his sale, still problems with the chain, so he disappears into rented.
Within 2 days we have a new buyer ( they leafletted the road). Amazingly the house we are after has 2 other buyers now interested in the space of one weekend. We get gazumped, then the problems up the chain compound and the seller of the house we are after loses the house they were after. Pure Karma.
We find house number 2. All moving along nicely then FTB can't get a mortgage. Chain about to crumble, so we step in and buy the house at the bottom of the chain as a BTL.
So in 10 days I've got to complete on 2 houses!
I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
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Wow poor you.Well done on exchange and good luck on completion.
I thought I felt bad with it going on so slowly and then everybody finally getting to agree the exchange date of today and then completion 28th July.Then of course person at the bottom backs out yestersay and all hell breaks lose.Still waiting for our poor buyers to find a new buyer.She's getting viewings just have to sit with fingers crossed.0 -
Then of course person at the bottom backs out yestersay and all hell breaks lose.Still waiting for our poor buyers to find a new buyer.She's getting viewings just have to sit with fingers crossed.
Always a difficult decision to decide whether to wait for your buyer to find new buyers or to find a new buyer yourself.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
I've bought and/or sold five properties and not one has had a chain at either end.
Don't think i could stand the stress!
1: We were FTBs, the seller had already moved. We still have this house.
2: Paid for mother-in-law's Council Prefab, she signed it over to my husband after the tie-in period was over.
3. This was a BTL apartment. Seller had already moved so flat was empty.
4. Sold Prefab to buyer who was renting.
5. Bought house halfway up a mountain in Spain as a cash purchase with proceeds of Prefab. Seller had already moved. This is where we live at the moment.
6. Bought adjoining derelict house again paying cash (£12000! Yes, twelve thousand!). Derelict. so obviously empty!
7. Sold investment property to someone else buying-to-let.
When the derelict house has been renovated, we'll sell that, but the property market is different here in Spain, so a chain if there is one won't be a problem.
Absolutely COULDN'T stand a chain. I'd be a nervous wreck.
Well done Silvercar! Two houses for only one lot of stress! Enjoy!(AKA HRH_MUngo)
Member #10 of £2 savers club
Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton0 -
Well done Silvercar - I've seen your posts on this before and it sounded very stressful! I'm sure you now deserve a long relaxing drink (be that tea or something stronger!)0
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:beer:
Well done you.
:dance:0 -
Congratulations Silvercar - a long time coming but well deserved! Enjoy your new home
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Congratulations!!0
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congrats silver, been reading your nightmare scince i put my house on the market, as you know ive sold and moved scince then!! been a long time comming! xxxYou're not drunk if you can lie on the floor without holding on0
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One of the reliefs during the long saga has been this board, so thanks folks, you helped me though it.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
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:beer: Congratulations silvercar! :T I'm glad you've finally made it. I like to think these things happen for a reason (lot of stress for nothing otherwise!)
When's moving day? :j
EDIT: You already said! :rolleyes:Everything that is supposed to be in heaven is already here on earth.
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