I've just had an offer accepted

gazebo

and I can't stop grinning.

This is really a thread because I'm bursting to tell people but the folk all around me are fed up hearing about it already :j

Now that I'm less excited - I need some help with what I need to do next.

I've informed my solicitor (obviously)
I've got a meeting arranged with mortgage advisor tomorrow to convert mortgage promise into a full offer
deposit is nearly all in one place to be transferred when required

the property currently has pre payment meters for gas and electric - when/how do I go about getting these removed and real meters installed?

when should I ask for cancellation of sky/telephone/broadband etc at the place I currently rent?


Being a Scottish property as I've maybe already mentioned, this offer isn't subject to survey etc.

Egg_custard_2

Aww congrats :j Did you get it under asking price? Is this your first purchase?

sonastin

If they're fed up now, what are they going to be like through all the twists and turns of the purchase process - the people around you better man-up and get used to it or buy some ear plugs and practice nodding and smiling/posing with expressions of sympathy/etc.!

Welcome to the rollercoaster - I hope your ride is one of the smooth boring rollercoasters designed for little kiddies!

gazebo

not my first ever purchase, been renting for past year though.

Possibly not moneysaving purchase in true sense of it as my offer was accepted at full asking price - but, that asking price was already at less than 80% of survey valuation of the property (this is a Scottish Property) and having done my research, it's still significantly less than the price of properties in the area prior to the market taking off.

The moneysaving part comes in because the amount of deposit, the price I paid and the amount of my rent will mean overall I'm paying the same I currently pay in rent, but it covers mortgage, council tax, factor, and another bill. Financially I'll be much better off

Egg_custard_2

From what I can gather, houses in Scotland are more likely to sell above asking price because of the way the Scottish system works aren't they? It sounds like you've done really well anyway, so well done. Fingers crossed it all goes smoothly for you.

Lilacblue

Ah, congratulations...I can well remember that feeling of excitement when you find the ideal home and agree a price. Well done - hope it all goes well for you :T

myhouse_2

Egg_custard wrote: »

From what I can gather, houses in Scotland are more likely to sell above asking price because of the way the Scottish system works aren't they? .

This was the case. Much less so now because of the house reports which give a value and of course because the bubble has burst.

The idea is not to get % off the asking price. It's to get the house at a good price - the asking price might be perfectly reasonable.
OP seems to think he/she has done that, so congratulations.
Of course another - among many - ways to measure good value is to see how much the house is worth in a year or two's time. Might not be so good value then (or could be great value!)

WelshNic

Congrats - hope it all goes smoothly for you

gazebo

the homebuyers report survey said that the property was worth X amount, the vendor put it on at X minus £15Kish, when they bought it they paid X plus £2Kish for it (this was in 2005). Another identical property sold in 2009 for X plus £30K ish at the height of the bubble.

I have been watching the market closely and having done a lot of research and actually living in a similar place a few years before, think I've done well.

As myhouse says though, I'll only find out in a couple of years time, won't I?

mind you, as said before, this place will cost me the same as my rent costs just now, but that'll include a lot of other bills on top - and I'll not have to pay the mortgage over a long term as I've got a 50% deposit.

I'm not looking at it as an investment though, I am looking at it as my home.

charleyroo

congratulations - heres hoping that it all goes smoothly (I literally touched wood then ) and that you are happy in your new home!

All the best

Luckystarr_2

Congrats! We are putting an offer in on a house tomorrow :-)