How much money have you lost during the buying/selling process

EverGreen_2

phoebe1989seb wrote: »

A few hundred here too a few years back when we discovered the day before exchange that our vendor had another buyer lined up that managed to exchange before us......we were more disappointed at losing our dream home than the money tbh.

I am actually in the middle of that "tricky-buy-sell" process. It can fail/it can succeed according to the posts above.
"Two buyers lining up" must be supervised/organized by the EA. "Assume this is ok or understandable". But how about the solicitor involved in both sides from the legal point of view (leave alone morally"? The vendor's solicitor must have been aware (in writing) of the two buyers lining up. what is that?
I am getting nervous. I have spent around a thousand so far.

moneyistooshorttomention

Nothing directly. The "house I shoulda bought" (ie starter house the vendor wouldn't proceed with selling to me) cost me nothing, as I had a refund of fees I paid to the surveyor (ie because vendor told him he was uncertain about whether he would be selling after all...but surveyor didn't ring me and ask whether he should proceed with survey or no).

Indirectly = quite possibly one heck of a lot of money. That shoulda-been starter house was good enough that I might possibly have kept it. By now, even if I had decided to sell it in the event, it would be the dearest terrace house of that size in Home Area and I could have sold it for enough to cover buying a cheapest detached house in Home Area.

So...years later...and more indirectly....it comes to literally tens of thousands of £s lost:eek::mad::eek:.

I'm crossing my fingers that I've succeeded in buying an equivalent "Shoot up in value (or, in this case, hidden value)" detached house in New Area. In that case...I'd recoup my money and move back to Home Area by "cashing in" and selling this one.

kaflinkle

About £2K so far (I think the solicitor is going to send me a bill) as it was at the point where the solicitor told me to 'insure the property as we are about to exchange' then he flagged something up that the vendors tried to hide and it all fell through.

It's very frustrating but in hindsight despite the loss, probably glad it happened.

The search continues....

rosie383

Thankfully we had a no sale/purchase deal with original solicitors. Have lost a few hundred for surveyors fees and £120 to the EA for referral to solicitors. I refused to pay out for searches for the one we wanted to buy until a query over a restrictive covenant could be resolved. We couldn't proceed so thankfully didn't lose searches money.
Add in all the extras for photocopying stuff, extra car parking fees for various bits, probably lots of tiny wee bits that we pay for that we don't take into account. Oh, and the money paid for storage while showing the house to viewers. And money paid for paint to freshen up the house. As I say, all the little bits which do add up.

Loopy28

After eight months on the market, two time waster buyers for our property, a time wasting vendor of our onward purchase and a lot of hassle, we have now decided to stay put.

Money lost

£395 Survey fee
£100 Initial Broker fee
£600 Solicitor bill

Total- £1095

I might as well have thrown that money down the drain or asked someone to give me 8 months of stress in return for over £1k!!

Our most costly mistake was not using a no move no fee conveyancer. Lesson learnt.

The only positive I can draw from this experience is that it caused us to re evaluate our decision and realise that we were moving to reduce our commuting time but actually neither of us actually wanted to move deep down and in the end our heart won over logic.

ellie27

Nothing during the buying/selling process but.....

Bought our house in 2007 for £179k, selling now in 2015 for £157k, so a loss of £22k