Seller Pushing Completion Date

diggingdude

I can't believe you text the agent to say you didn't have the money

New_home_buyer

Flugelhorn wrote: »

Welcome to home owning! Bit concerned that the money is so tight - there could be all sorts of issues that need money in the first few weeks

I still got deposit from the landlord will be returned within a week after move out unfortunately that would be after the completion, should be sufficient for the appliance & household etc. I have took daily essential expenses into account, service charge, ground rent on the budget estimation. What are the most common expenses in the 1st few weeks? :wall:

New_home_buyer

diggingdude wrote: »

I can't believe you text the agent to say you didn't have the money

Aahh i was annoyed that he kept chasing me

New_home_buyer

DigForVictory wrote: »

Deep calming breaths.
Seller wants everything asap - fair enough, you want the flat. There's still an outstanding search to go - seller should (grudgingly) understand that after all you've put in so far, still need that search, nothing you can do etc.

Now step back, and start checking out the discounts & promotions on biscuits & cleaning tackle, which local shops will give you boxes to pack into, & above all what you want to go into each room.

If you haven't already decluttered, Now is a very good time to start - less to move and more space to appreciate what you have. Also sets you up kharmically for "would you like X?" donated from family, found in charity shops etc.

Are you running down everything in the store cupboards, fridge & freezer? Why move food, i'heavens name?! If necessary, strategic friends around for meals to build up their strength for helping you lug, paint, sort tool hire etc.

Have you cancelled or cut down your internet, netflix etc? (all money saving moves will give you a bit more money Once You've Moved) & since it's summer [almost] you can spend time out of the current res, soaking up ideas on how other folks live, and not using your own heat light electricity etc. A really stringent money diet for a couple of months, plus decluttering, will put you in a better position financially & stuff to shift wise come the happy day.

Just do not skimp on the biscuits. (Or the locksmith.) Best of luck!

Thank you! Money diet started in Apr, had cut lunch, drinks, restaurant, live. De-cluttering should start this weekend!

New_home_buyer

Fire_Fox wrote: »

Welcome to MSE.

Invest some time in understanding the rights and responsibilities of being a leaseholder, it is not the same as being the owner of a freehold house. The Leasehold Advisory Service website is a great place to start.

It is worrying that you do not have all your funds in place plus a contingency fund. There may well be unforeseen costs before completion, for example settling a service charge debt. Get furniture and appliances from family, friends, colleagues, charity shops, Freecycle and so on. A contingency fund is more important.

Texting is informal communication suited to your mates and mum. Get into the habit of communicating about any legal or leasehold issues in writing (letter or e-mail) or by telephone followed up with an e-mail.

Is the seller willing to let the flat to you between now and completion? That gives you a roof over your head and a little breathing space, the vendor has an income and someone covering the bills, and you have both shown commitment.

Double check your dates: a month does not run 10th to 10th, it runs 10th to 9th. Also allow for weekends and time in the mail. You may need to serve notice earlier than you think.

HTH!

About how much a contingency fund should have?

Flugelhorn

New_home_buyer wrote: »

I still got deposit from the landlord will be returned within a week after move out unfortunately that would be after the completion, should be sufficient for the appliance & household etc. I have took daily essential expenses into account, service charge, ground rent on the budget estimation. What are the most common expenses in the 1st few weeks? :wall:

Things breakdown,
Bills come earlier than expected,
You spend all your time in DIY shops...

About how much a contingency fund should have?

Dare I say 3 months? circumstances can change.

New_home_buyer

Got my survey report back last week, things moving quick & smooth than what i expected so far, kind of pleased. So far there is no major concerns & valuation didn't change but few things need repairing. So seller agreed earlier that he is going back to fix the broken twist on the bath stopper & loose socket, that was a day before the survey take place. It was mentioned on the report with a few other things:-

(i) Plug to the bath was broken, could not be lifted by the mechanism, repairs are now needed.
(ii) Some slight mold growth around the mastic in the bath, mastic should cut out & replaced, some damage to the mirror at the base.
(ii) Glass door at the balcony is difficult to use locking mechanism with a restrictor, some repair is needed in the future.
(iii) Ceiling at the abutment with the box in the kitchen is slightly damaged, filling & redecoration will be needed
(iv) Socket in the bedroom, houses was loose required re-fixing.

Agent has mentioned to me that tenants have moved out, all furniture will be moving out but report mentioned it was occupied, floors were fully covered.

Now should i ask the seller to repair things or should i renegotiate the offer? If the house is occupied now, can i consider that it may be further damaged & take that it into account for negotiation? How can i ensure seller will fix it before Exchange?

Also is there any home buyer protection insurance after 14 days? I realised i might need one after some reading online but probably too late now, most of the insurer accept within 14 days after the offer or instructed conveyancer.

Slithery

New_home_buyer wrote: »

(i) Plug to the bath was broken, could not be lifted by the mechanism, repairs are now needed.
(ii) Some slight mold growth around the mastic in the bath, mastic should cut out & replaced, some damage to the mirror at the base.
(ii) Glass door at the balcony is difficult to use locking mechanism with a restrictor, some repair is needed in the future.
(iii) Ceiling at the abutment with the box in the kitchen is slightly damaged, filling & redecoration will be needed
(iv) Socket in the bedroom, houses was loose required re-fixing.

I presume that all of these issues were visable during your viewing?
I'd be refusing your negotion on that basis.

AdrianC

New_home_buyer wrote: »

So seller agreed earlier that he is going back to fix the broken twist on the bath stopper & loose socket, that was a day before the survey take place. It was mentioned on the report with a few other things:-

[STRIKE](i) Plug to the bath was broken, could not be lifted by the mechanism, repairs are now needed.[/STRIKE]
(ii) Some slight mold growth around the mastic in the bath, mastic should cut out & replaced, some damage to the mirror at the base.
(ii) Glass door at the balcony is difficult to use locking mechanism with a restrictor, some repair is needed in the future.
(iii) Ceiling at the abutment with the box in the kitchen is slightly damaged, filling & redecoration will be needed
[STRIKE](iv) Socket in the bedroom, houses was loose required re-fixing.[/STRIKE]

Now should i ask the seller to repair things or should i renegotiate the offer? If the house is occupied now, can i consider that it may be further damaged & take that it into account for negotiation? How can i ensure seller will fix it before Exchange?

Seriously? If you're trying to renegotiate over such trivialities, two of which the vendor's already agreed to, you're going to find house ownership breaks your spirit in about two months flat...

AnotherJoe

There's another thread on protection insurance somewhere, the consensus was that it's unlikely to pay out for the common events and thus a waste of money.
In your case though, with such utter trivialities, perhaps you should get it because the vendor might well get fed up with you and look for another buyer.