Reasons for purchase offers failing

quantumlobster

Surrey_EA wrote: »

Indeed!
Most surveys I see read like the property could easily fall down or blow up before the week is out.

"This house has one or two minor issues commensurate with its age and price, and will obviously require ongoing maintenance because it's a house, but overall it'll be just fine to live in"

...said no surveyor, ever.

bugslet

I'm dithering at the minute:(.


House is on a private road and really quiet and it's detached, so from that point great. House is a 70s bland box that needs stuff doing, flat roof, electrics, not decorated since the 70s:eek: but nothing structural, so I could make it nice.


The location is everything for this property.

When I viewed it, I knew that planning had gone in for the next door garden that backs on to the side of the 'my' house, but in the estate agents words, he thought they'd be lucky to get planning and if they did, it wouldn't be more than a bungalow.

Nope, found out yesterday it's planning for a four bed detached.

The house I'm currently in is a semi ( with lovely neighbours) and a large side garden and I really like the sense of space at the side, which I wouldn't have in the new house.

I'm really dithering and might do a coin toss at this rate:o

Bass_9

bugslet wrote: »

I'm really dithering and might do a coin toss at this rate:o

Don't do that!!!

Reading your post, things have changed and you seem to like your current house... Are you sure you want to move?

bugslet

Bass_9 wrote: »

Don't do that!!!

Reading your post, things have changed and you seem to like your current house... Are you sure you want to move?

I wouldn't really do a coin toss Bass_9, I am thinking now of staying put. Going to have another look this afternoon but I think I'm going to disappoint a the seller of the house.

All's fair in love, war and house sales apparently!

beverley1471

My sale has just fallen through, and it was due to the survey.

My buyer paid for a homebuyers survey, and the bloke who did it used a damp meter on the wall, and said we had rising damp, and advised the buyer to ask his mate, who just happens to own a damp proofing company to do a free damp survey. I have lived in the property for several years, and there’s never been any indication of damp anywhere.

This bloke from preserva css came out, and said that nearly every house built in the 1970’s have bridging problems and a design fault, and all need a damp proof course, as bridging leads to rising damp, at this point I asked him to leave my house and never return. It was an absolute con, there’s no bridging or damp in my house! I refused to let the company back in to give quotes for the work, and told the buyers they buy the house as it is, get an independent survey or the sale is off. They got rude, so I told them the sale was off.

I’m going to consider extending and staying put now, the experience has totally put me off moving again.

Crashy_Time

Banks are becoming more and more cautious as the credit risk returns to global markets, looking at the transactions levels from, Oh say 2001, shows us this?

MobileSaver

Crashy_Time wrote: »

5 or 10, you don`t seem sure? Why not post up the chart from say 2001 until now so we can all clearly see the magic of rising transactions?

Um, no, I'm very sure and I've already given you the links to the official statistics.

2008 - 2012 Land Registry Stats

2013 - 2017 Land Registry Stats

Transaction volumes were around 900,000 a year between 2008 and 2013 (i.e. 5 to 10 years ago) and then jumped up 33% to 1.2m a year for 2014 to 2017.

Can you clearly see the magic of rising transactions now? :rotfl:

So yet again while well over 10 million people over the last decade got on with their lives, a few hundred HPC zealots couldn't have called the market more wrong and probably made the biggest financial mistake of their lives.

p00hsticks

bugslet wrote: »

I'm really dithering and might do a coin toss at this rate:o

It's supposed to be a good way of revealing your subconcious views on the subject - toss a coin, and if on seeing the result you immediately think 'best of three' , you really want the reverse option

buggy_boy

Crashy_Time wrote: »

Banks are becoming more and more cautious as the credit risk returns to global markets, looking at the transactions levels from, Oh say 2001, shows us this?

Actually banks recently have started to become less cautious, with the return of 95% mortgages, Ive even seen a mortgage where the deposit can be set against parents property...

Banks did become more cautious, but that was quite some years ago now...

Again this just shows you looking for anything you think might fit your argument but they are very tenuous and your logic falls apart.

So Crashy, how much has not buying and renting cost you over the last 10yrs in rent and missed house price increases?

Crashy_Time

MobileSaver wrote: »

Um, no, I'm very sure and I've already given you the links to the official statistics.

2008 - 2012 Land Registry Stats

2013 - 2017 Land Registry Stats

Transaction volumes were around 900,000 a year between 2008 and 2013 (i.e. 5 to 10 years ago) and then jumped up 33% to 1.2m a year for 2014 to 2017.

Can you clearly see the magic of rising transactions now? :rotfl:

So yet again while well over 10 million people over the last decade got on with their lives, a few hundred HPC zealots couldn't have called the market more wrong and probably made the biggest financial mistake of their lives.

Do you have stats back to say...2001, so we can get a clearer picture?


https://www.propertyinvestortoday.co.uk/breaking-news/2018/2/sales-still-nowhere-near-pre-crash-levels-research-finds?source=related_articles


:rotfl: