FTB - Are we really the dream buyer?

gazfocus

It's completely understandable that you're nervous about spending such a vast amount of money, but as others have said, you need to be realistic and to a certain extent, go with the flow.

I was a FTB last year when I purchased our first house and the first time we viewed the house I hated it. We viewed it a second time (thanks to the wife) and I was able to see past the minor irritances and see what we could do with the place. Almost a year on and we have decorated throughout, new carpet throughout, in the process of fitting a new kitchen and then we just need to sort out the garden, then it would be a house to be proud of

Ivana_Tinkle

Worst "buyer" (in quotes because the sale fell through) I've ever dealt with was a FTB. Didn't understand the conveyancing process, fussed so much that their solicitor stopped returning their phonecalls, then kept ringing our agent and threatening to pull out if they couldn't move in within a week. (When they didn't yet have a mortgage offer, or any of their searches back, or their deposit ready, or contracts signed.) They just didn't have a clue what was going on. Sale ultimately fell through because they didn't have enough cash to pay the stamp duty - it looks like they didn't realise they needed it upfront!

Second worst was also a FTB. This one instructed a solicitor but didn't know that it's a good idea to actually keep tabs on where your solicitor is up to. He did nothing at all for 2 months! The whole rest of the chain was ready to go before he'd even asked us any questions. When our agent gently suggested she (the buyer) chase her solicitor up her response was, "Well, I've paid all the money. I'm sure he's getting on with things."

But at least they didn't do what a "friend" of mine did as a FTB - borrowed the spare key that had been left with a neighbour and moved in two days before completion!!! In my, I mean her, defence, I, I mean she, was so clueless she had no idea there was anything wrong with this!