The NEW waiting to exchange thread...

Monsternextdoor

goodwithsaving said:

@WorriedKirkels @ss2020jd @Monsternextdoor @birdmadgirl8 thank you. I have woken up still very much angry about it all. It's hard to say 'no get lost' without being scared of the buyer pulling out. I can't face starting all over again, and I need to move.

How much have they sunk in and are they prepared to lose out over such trivial matters ? 

I would speak to your estate agent and see if there has been anymore interest in the property after you had accepted their offer and make it clear that they are taking the mick.

No buyer should make you feel ill over selling your house and if it's not meant to be it's not meant to be. Take all emotion out of the transaction and make your favorite answer from now on 'No'

Monsternextdoor

@goodwithsaving

I am buying a repossession, No water, Gas, Elec is on in the property. It is full of the last residents belongings that I need to dispose of, The kitchen is falling apart, artex on every ceiling, smells of smoke and the garden is half astro turf half brambles and nettles.

We asked for a reduction after the survey had priced it at £17000 less than our offer.

Im buying it for the potential of what it can be not the state on move in as everyone who buys changes 95% of the house within a few years. What they are asking for now is stuff they can easily do themselves after move in, They just sound like cheeky chancers. 

E_D_FTB

Monsternextdoor said:

@goodwithsaving

I am buying a repossession, No water, Gas, Elec is on in the property. It is full of the last residents belongings that I need to dispose of, The kitchen is falling apart, artex on every ceiling, smells of smoke and the garden is half astro turf half brambles and nettles.

We asked for a reduction after the survey had priced it at £17000 less than our offer.

Im buying it for the potential of what it can be not the state on move in as everyone who buys changes 95% of the house within a few years. What they are asking for now is stuff they can easily do themselves after move in, They just sound like cheeky chancers. 

Agreed - sounds like things you negotiate on when you're renting (aside from the cistern, that one's just bizarre!), but not when you're buying!

Monsternextdoor

E_D_FTB said: 

Agreed - sounds like things you negotiate on when you're renting (aside from the cistern, that one's just bizarre!), but not when you're buying!

I think they have a cistern fetish, I mean who wants to access the cistern all the time ? 

Twice I've been in my cistern and thats only because I heard a 'clunk' when my 10 year old was in there

The consumer board, well they should be replacing that themselves when work had been carried out, Changing of lights and new installations etc 

The radiators are old ? what a ridiculous comment, most peoples radiators are old, Just replace them !! because it sounds like no matter what they are changed to they won't be good enough. 

greensalad

E_D_FTB said:

goodwithsaving said:

I'm about to blow my top. 
Would you negotiate (if you had already spent out £1500 of unnecessary repairs and taken a £15,000 hit on the offer) on:

"Need new fuse board" - when EICR has said electrics are satisfactory
"Geberit cistern is in sealed unit and needs making accessible with removable panel" - brand new bathroom. Specifically bought a cistern where servicing could be done from front panel.
"Survey says radiators are old" - evident on viewing and they work perfectly well

I need this sale to go through and the process is making me physically unwell, but in my mind the above are not defects, merely wishes. I have absolutely no money left and feel my generosity thus far (repairs above, leaving all appliances to be helpful etc.) is being taken advantage of.

Oh wow, that's a lot! FTB here, and we had some similar-ish things on our survey, as did my sister on her house purchase in Oct. And we are absolutely not negotiating on any of it! They're things that are great for us to know as owners and projects to save up for in future if you wanted to (we're also going to replace the current fuse box for a modern one), but unless it's something that is actually serious, extremely costly or will cause problems with the mortgage we wouldn't slow things down or risk our sale on it. And the fact that you've already done repairs and taken a reduced offer... madness. 

I'm in a similar FTB position and our survey just came back with a few unexpected things but in no way would I go back to the vendor and demand a drop. For example, the entire garage will have to be knocked down and replaced (leaking water and has an asbestos roof) but it's from the 60s! When we viewed it we thought it was a write-off anyway. Unless you view somewhere that looks fine and then find out the roof is caving in, why do people think they have a write to demand so much?

goodwithsaving

Thank you. You're all enormously helping me see that I can stand firm on this one. So many weekends have been ruined by this sale, I just want to relocate now. If I lose my purchase, I will be screwed because of what/where it is (loads of issues with it but I didn't care, I know no house is perfect!). 
Sigh...........
After the tradesmen have been I am going to fire an email off to my EA demanding exchange asap. There are a few enquiries outstanding but I want them chased. I have been transparent throughout the whole process when many sellers would hide things or make life awkward.

Monsternextdoor

goodwithsaving said:

Thank you. You're all enormously helping me see that I can stand firm on this one. So many weekends have been ruined by this sale, I just want to relocate now. If I lose my purchase, I will be screwed because of what/where it is (loads of issues with it but I didn't care, I know no house is perfect!). 
Sigh...........
After the tradesmen have been I am going to fire an email off to my EA demanding exchange asap. There are a few enquiries outstanding but I want them chased. I have been transparent throughout the whole process when many sellers would hide things or make life awkward.

Why are you letting tradesmen in ? you don't have to do this.

goodwithsaving

Monsternextdoor said:

Why are you letting tradesmen in ? you don't have to do this.

I was told that preventing access would be seen as being obstructive or as though I had something to hide

Monsternextdoor

goodwithsaving said:

Monsternextdoor said:

Why are you letting tradesmen in ? you don't have to do this.

I was told that preventing access would be seen as being obstructive or as though I had something to hide

Errm No. You have to agree personally if they had messed me about I wouldn't be doing it.

What if they are bringing in a contractor to price up works that they want completing before exchange ? 

I really fear that they are taking the urine.

https://www.standard.co.uk/homesandproperty/property-news/between-exchange-and-completion-can-a-buyer-enter-their-new-home-a124296.html

https://www.propertytribes.com/access-before-completion-t-127636740.html

WoozieSioux_tse

goodwithsaving
Let the tradesman visit by all means (proves there is nothing to hide)

Then write an email to your estate agent outlining your position:

1. None of these items listed need to be carried out now, they are nice to haves, not essentials. Point out you will not be paying for any further works, nor will you entertain a reduction in price.

2. You know your house is in good condition and it is being sold as is, if the buyers don't like it, let them try elsewhere.

3. Highlight the fact that house prices appear to be continuing to rise and that the buyers will now not get a the same or similar.for the price agreed.

4. Ask that the buyers actually make a firm commitment to buy by working with their solicitor to an exchange and completion.

Your estate agent will be wanting their commission, so should then have a good firm chat with your buyers, highlighting the above. And at least if they're wavering, the estate agent might have a few people they can get lined up ready (by which I mean people in rented, with mortgage offers/ cash waiting etc), in case they are just ditherers. 

Good luck. And remember it's still currently a seller's market!