PLEASE READ BEFORE POSTING

Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.

We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

sold our house,now looking for a place to rent

we have sold our house, the EA has told us today we could be moving in about 6 weeks, we are now looking for a place to rent, does anyone have any advice about renting as we have never done this before, thanks in advance :beer:
wins so far:- absolutely nothing, not even an arguement:mad:

Comments

  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I think the most important one is: don't sign anything until you've exchanged contracts on your sale. If you sign the AST and your buyers pull out you'll be stuck paying the rent on a place you're not moving to.

    If you don't think your credit checks will look good, then line up a guarantor ready for when asked for one. Alternatively, think about whether you can offer the full six months' rent up front.
  • muskoka
    muskoka Posts: 1,124 Forumite
    I've never rented before, but was just about to before I was advised by helpful folk on this website about a few things. I am NO EXPERT on this and I'm sure someone will be along shortly to advise you.

    I'd stick to an ARLA registered agent
    Make sure you can take away a sample copy of the contract to read/have checked BEFORE you part with any money...

    Happy hunting
  • carla40
    carla40 Posts: 1,189 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    thanks both, we are going to start viewing soon, so we haven't got a mad rush when we've exchanged,
    wins so far:- absolutely nothing, not even an arguement:mad:
  • tootsmyboots
    tootsmyboots Posts: 198 Forumite
    We have just done the exact same thing. I dont know how busy the rental market is in your area, but in mine they get snapped up quickly. So my advice is have a back up place ready too in case your first choice goes. Our LA didnt even warn us someone else was interested in the place we were ready to go on until she signed the other family up!

    Are you renting for a long term home or so you can look to buy without pressure? We are only here while we buy our new house so I was willing to compromise on features that I wouldnt compromise on if I was buying.
  • partlydave
    partlydave Posts: 19,646 Forumite
    carla40 wrote: »
    we have sold our house, the EA has told us today we could be moving in about 6 weeks, we are now looking for a place to rent, does anyone have any advice about renting as we have never done this before, thanks in advance :beer:

    Watch out for high admin fees that agents charge for checking your references etc.
    I sold my house in 2007, then pulled out of my purchase with only 10 days before planned completion so had to get a rented house sorted out in a hurry.
    On the day I moved out I had all my furniture etc on the lorry, went to the agents to pay the deposit, 1st months rent etc. I had cash for the rent, but offered a cheque for the deposit but the agent said it had to be cash as well, so a quick panicky trip to my bank to get more cash. I was effectively homeless for an hour or so:eek:
    Justice for the 96 YNWA
    Silver linings are the best
    Do not regret growing older, it is a privilege denied to many.
    If I lay here, If I just lay here
    will you lie with me and just forget the world ;)
  • franklee
    franklee Posts: 3,867 Forumite
    Part of the Furniture 1,000 Posts Photogenic
    Read the sticky threads in this forum for a good start.
  • carla40
    carla40 Posts: 1,189 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    We have just done the exact same thing. I dont know how busy the rental market is in your area, but in mine they get snapped up quickly. So my advice is have a back up place ready too in case your first choice goes. Our LA didnt even warn us someone else was interested in the place we were ready to go on until she signed the other family up!

    Are you renting for a long term home or so you can look to buy without pressure? We are only here while we buy our new house so I was willing to compromise on features that I wouldnt compromise on if I was buying.
    hi, we are looking to rent long term, what is annoying is that the agents that are advertising the houses has my name and number to ring me when they become vacant so that we can view them, but they dont bother to let us know if it gets let before you can view it
    wins so far:- absolutely nothing, not even an arguement:mad:
  • carla40
    carla40 Posts: 1,189 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    we've had a setback with our sale now, we thought we were about to exchange contracts anytime and now our buyer has now informed us that she is now waiting for a court case from her hubby whom shes divorcing, to get money from him (which is her deposit for our house) she said it should be in a couple of weeks, and then he will have 28 days to pay her all money that is owed to her. as we are going to rent we still have no idea when we will be able to get another house, and we definately can't put any money down, i just feel she will pull out soon,
    wins so far:- absolutely nothing, not even an arguement:mad:
This discussion has been closed.
Meet your Ambassadors

Categories

  • All Categories
  • 347K Banking & Borrowing
  • 251.6K Reduce Debt & Boost Income
  • 451.7K Spending & Discounts
  • 239.3K Work, Benefits & Business
  • 615.1K Mortgages, Homes & Bills
  • 175K Life & Family
  • 252.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.