Quit everything , and start again over 50?

another_casualty

Thanks joey.:)
I will go through a few more, with the intention of someone coming over and weighing everything up ( not weight , but summarisation ) and be ready to go .

Have to check my home insurance . See if they can insure stuff on moving day. Will carry on using them till I find my dream pad . Winston Woolf is my home insurer

Bit of a bummer doing lates unexpectedly . Will have to take it on be chin , and take each day as it comes .

Smodlet

lessonlearned wrote: »

You are right, buyers are fored to play the game.

However if you were confused by the terminology how many others get it wrong.

There will be people who look on RM see the words "guide price" and just assume it's an auction property.

Given the risks involved with buying at auction then some people will be simply be put off trying to buy and won't bother investigating further.

So it might seem fashionable or a nice new way of catching the buyers attention but the reality is it could be restricting the pool of buyers.

Same with open houses. This used to be reserved for new builds. I've hosted dozens of open house days. Fine for a launch of a new development but I don't feel it is effective for a private sale. Again i think it gives the wrong vibes and it can put off buyers. They feel threatened because they see there is a lot of interest and feel that their bid will be a waste of time. So they get put off.

As for modern auctions. I think you will find that Most buyers object very strongly to paying a non refundable 5 per cent "deposit" which actually is just the auctioneers fee.

My opinion is if you are a vendor you need to follow the old sales mantra - KISS - Keep It Simple Stupid. You need to keep things clear and simple so as not to add any confusion. A vendor has to make it easy for the purchaser to buy. And this starts with the advertising and marketing.

You are exactly right, as usual, LL. When we were looking I came across several great looking properties but there was always this "you have to pay 6%, complete in 28 days" BS which, if you have yet to sell, is useless. I learned to discard anything with "guide price" on it without even considering it might not be an auction property (I think they all were) but I just skimmed straight over them all because there was no point wasting time looking at them.

AC, it is true removal firms vary drastically. When we moved into our dream house, everything went like a dream; this last move was a complete nightmare. Whoever you go with, don't use Arrowpak.

another_casualty

Thanks smodlet .
Very tired today( and crabby , which is not like me)Colleague will be in shortly. Just having much needed coffee.
Good morning btw:)

AnotherJoe

harz99 wrote: »

AC did say "and see what gives", in other words if the offer is not accepted negotiate from there.

IMHO 10% below is not a bad starting point for a property that has stuck for several months, which pretty much always means it's overpriced

All good points, but not relevant to what the OP wrote / my response which was (and I highlighted) "as a cash buyer...." Your points are applicable to any negotiation , I was making the point that being a cash buyer usually doesn't give you the edge many might think.

another_casualty

Lots of emails from removal companies , now .
No news from my solicitor . Main guy on holiday , back tomorrow I think .
Won't hear from property mgt co. For a while anyway .
So, we'll see

another_casualty

Had email fro solicitor. My main solicitor is back tomorrow .
There are a few issues raised from the buyers solicitors,regarding the answers on my form already submitted.
Briefly, main issues : upkeep external painting etc..There isn't any maintenance required outside , as the building is brick.
The porch got painted. The eaves/ fascia board is being looked into.

I told them the managing agents , do not get involved in maintenance of the building . I pay just for buildings insurance. The buyers solicitors were wondering why the external part of the building hasn't been painted for a long time. Should be every 3 years , and they think I could be in breach of my lease or whatever. But as I say, there isn't much to do externally.

The gas/ electric was tested by a friend of my brothers, who is a qualified electrician . Mates rates, but no paperwork . If required , I will use another electrician and get paperwork included ( probably chase Buchanan can recommend ).
I have a copy of the lease which I will post tomorrow.
Got to be discreet, and photocopy in the company tomorrow.
So many nosey people around .
I think that's all for now.
Waiting to see if I pay for fascia etc as mentioned.

anna_1977

don't get an electrician from EA - find your own

lessonlearned

AC. You do not need to get your electrics tested, unless of course you have made any changes to the wiring spec since 2005 in which case they will have to comply with the building regs which were current at the time the work was carried out.

(Further changes were made in 2013)

Why did you get your brothers mate to test them, had he done some work for you.
If so it's a slap on the wrist for you for trying to do it on the cheap and not getting that certificate.

Never, ever get a friend of a friend to do this kind of work. ALWAYS use a fully qualified professional and get it certified.

No electrician worth their salt will do a simple quick check and pass someone else's work. (They could lose their licence if they miss something) they will want to double check everything and that can cost a fair bit.

However, If you have not made any changes you need do nothing. Let sleeping dogs lie. It is up to the purchaser to get any checks done if this is something they require. Vendors are under no legal obligation to supply certificates for either gas or leccy. It is only Landlords who need to do this.

When it comes to buying and selling the onus is always on the purchaser to ensure that they know what they are buying.

Caveat Emptor.

Having said that it does help if you can provide service documents for gas boilers and gas fires.

another_casualty

Thanks folks .:)
I'd better let solicictor know that I won't need to have electrics and gas tested . I did say that my boiler was serviced by an aquaintance last year .
Mates rates , no paperwork .

Smodlet

Hi AC, all,

Your solicitor should know you don't need to get the electrics tested! Only LLs need to provide gas safety certificates and EPCs; not even they have to provide electrical certificates, except for HMOs.

Anna is right, don't go to your EA for anything or anyone as they will just point you in the direction of a rip-off artist, whose fee will include a backhander for the EA (speaking from experience and the electrician ours recommended was incompetent as well as a rogue; he lasted half a day on a full re-wire) Here's a tip: The best electricians don't even advertise because they don't need to. They get all their work through word of mouth and usually have a long waiting list. Go for personal recommendation every time.