Just a bit panicy about buying!

kwmlondon

As an update - someone else has offered full asking price too. I've instructed my conveyancers and gotten an agreement in principle from my mortgage company and passed this through to the EAs and they'll keep trying to get in touch with the landlord. I can call back this afternoon. I offered the asking price on Tuesday evening and have been chasing this ever since. I really think I'm being messed around here. Seems to me that they're playing me off against another buyer trying to get one of us to up our offer. In the meantime I've put in a speculative offer on another place £20k under the asking price. If that's accepted I'll go with that as it'll give me around £10k to spend on doing the place up. Now it's just a case of sitting back and waiting to see if either actually happens.

kwmlondon

They've accepted my offer. My provision that the water damage on the kitchen ceiling that should be repaired by insurance has been rejected. Basically, I'm buying it as it is and if the vendor manages to get the insurance company's people in first to fix it then yay, if not it's another thing on the list for me to do.

However, I'm getting a 2 bed house, freehold, within zone 2 in London, 5 mins from big transport links for less than £250k. I really can't afford to be picky about this.

Yorkie1

Good luck.

Don't apply for the credit card until you've completed - the lender can get worried if you apply for extra credit at a late stage of proceedings (assuming you're getting a mortgage).

kwmlondon

Oh my goodness. I have been very sceptical about this whole situation and got a colleague to call the agents this morning to see if they were still organising viewings on the property. They said no as it was under offer. Blimey, I'm starting to believe this may actually be happening. Eeeeek!

Fizzymartini

kwmlondon wrote: »

They've accepted my offer. My provision that the water damage on the kitchen ceiling that should be repaired by insurance has been rejected. Basically, I'm buying it as it is and if the vendor manages to get the insurance company's people in first to fix it then yay, if not it's another thing on the list for me to do.

However, I'm getting a 2 bed house, freehold, within zone 2 in London, 5 mins from big transport links for less than £250k. I really can't afford to be picky about this.

Congratulations! Being an FTB myself I'm starting to get really antsy. I'm paying the same as you, but it's only one floor of a house (i.e. conversion flat), one zone out and one bedroom less, in a similar state! It's the first time it's come on the market to buy (was let since conversion) and there are no similar properties nearby, so there was nothing comparable when it came to prices. Starting to think I'm overpaying...

kwmlondon

Fizzymartini wrote: »

Congratulations! Being an FTB myself I'm starting to get really antsy. I'm paying the same as you, but it's only one floor of a house (i.e. conversion flat), one zone out and one bedroom less, in a similar state! It's the first time it's come on the market to buy (was let since conversion) and there are no similar properties nearby, so there was nothing comparable when it came to prices. Starting to think I'm overpaying...

I bought first time two years ago. A bit nerve-racking but after a while the continual waiting just got boring. It's a tedious process but it's just a case of waiting... And waiting... And hassling damn conveyancers (they really are not very efficient).

Well, with regards to the value, I've just kind of gone with an area I know. I've lived in this part of London for 13 years and I know the areas fairly well. I'm buying somewhere that won't be a surprise (it's about 1.5 miles from where I live now) and the key thing is that it's really close to many transport links. The places I am wary of are the ones that are a huge hike from a tube or train station.

Good luck!

kwmlondon

Oh flip!

It's now on the website as sold subject to contracts. All the forms have gone off to my conveyancers and the mortgage company and I'm due to shell out for a full structural survey shortly.

I think it may really be happening...