Selling our house we've already got an eye on one...

lookstraightahead

mrsmortgage said:

lookstraightahead said:

If you have 4 kids and 2 pets and an income of £60000 - your outgoings must be big, even with no debts. £300000 is max at 5 x joint salaries - are your bank statements showing how much you spend on food, clothing, vets insurance, cars, petrol etc? 

Yes, and I guess we're just frugal? Also 3 out of 4 kids don't live FT with us. We spend £2k each month which by all means apparently is pretty low, all expenses covered. Never had an issue with affordability. 

So you only have one dependant - sorry I though you said you had 4 at home somewhere. 

At least they will help with affordability if you only have one dependant.

mrsmortgage

lookstraightahead said:

Ps if you're using gifted money this needs to be part of the process with proof of funds for the mortgage company.

Yeah, out of the three times I've bought, two have been with gifted money, so know that process very well.  
Yes, they're borderline £400k  or right now are in that region, but my parents usually end up helping me to cover those tiny ones... Iv'e never bought a house at asking price either. I can't remember the first one how much was the discount, but the second one was 10% and this one we're living in was 5%. 

mrsmortgage

lookstraightahead said:

So you only have one dependant - sorry I though you said you had 4 at home somewhere. 

At least they will help with affordability if you only have one dependant.

They still need a room! Which is why we need such a big house but yes, for affordability reasons we only have one. 

MaiTai

mrsmortgage said:

JJR45 said:

I think on a grade 2 listed building and house prices increasing in value why that was. I would suggest it is most probably something to do with the survey or the searches.

He obviously blames conveyancers... And there's this commercial use from the 80s that became problematic at some point. 

 Certificate of lawfulness for use as an existing dwelling house granted 6th April 2021

mrsmortgage

MaiTai said:

 Certificate of lawfulness for use as an existing dwelling house granted 6th April 2021

Does that mean that's sorted? 

newsgroupmonkey_

mrsmortgage said:

Yeah, out of the three times I've bought, two have been with gifted money, so know that process very well.  
Yes, they're borderline £400k  or right now are in that region, but my parents usually end up helping me to cover those tiny ones... Iv'e never bought a house at asking price either. I can't remember the first one how much was the discount, but the second one was 10% and this one we're living in was 5%. 

Depending on where you live, there are many areas that are so sought after, they're ending up in bidding wars.

Do you have lots of housing stock on the market around you? Many areas don't.

mrsmortgage

newsgroupmonkey_ said:

Depending on where you live, there are many areas that are so sought after, they're ending up in bidding wars.

Do you have lots of housing stock on the market around you? Many areas don't.

There's not a lot no... but we think what we want is not that "desirable" as we want what for all terms and purposes is a big family home with no parking nor garden. 

Mahsroh

UnderOffer said:

Pre COVID we viewed a house a few doors away from us, however we were not on market. The vendors kindly allowed us to view, we expressed interest then listed our own home, the whole time I kept their EA informed that as soon as we had an offer, we would offer on theirs, we were not viewing anything else and if it sold we’d withdraw our own property from market. Thankfully after 2 weeks we received offer and we were then proceedable and were able to negotiate on the house we wanted. All in all it worked out great, but I was very much of the attitude of “what will be, will be”, so tried not to get too attached to the new place or worry about ours selling. 

Even post COVID we did something similar. Lost out on one but got a better one exactly this way, albeit less intentional. 

Our house was under offer - arranged a viewing - our buyer then pulled out - we proceeded with the viewing (at the advice of our selling EA) - went back the next day and said "want to offer but not proceedable", EA agreed to keep us informed. Week or so later things not progressing with our sale as a much as we'd like and they accepted another offer. 

Fast forward a week or two, a second offer received on our house - arranged more viewings -new buyer also pulled out, this time they got cold feet before a memorandum of sale had even been issued by the EA - we went back to EA and again said "want to offer but not proceedable". Two days later, new offer accepted our on house, offered on our purchase same day, offer also accepted! 

 Stressful isn't the word! Although we also took the same "what will be will be" approach. 

Keswick1uk

mrsmortgage said:

newsgroupmonkey_ said:

Depending on where you live, there are many areas that are so sought after, they're ending up in bidding wars.

Do you have lots of housing stock on the market around you? Many areas don't.

There's not a lot no... but we think what we want is not that "desirable" as we want what for all terms and purposes is a big family home with no parking nor garden. 

Depends on the town or village. Generally, yes, that makes it less desirable. As will any grade listing probably. 

However, some villages, especially the old fishing villages with property built near the sea but inaccessible by car - they go like hot cakes!

mrsmortgage

Yeah this isn't a fishing village. Well after a chat we know more or less what the owner will accept. He's in no rush, which I think long run will benefit us.