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Problems with buying and selling a home

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Comments

  • user1977
    user1977 Posts: 19,425 Forumite
    Eighth Anniversary 10,000 Posts Photogenic Name Dropper
    edited 24 May 2022 at 9:34AM
    Remember the HIPs?  They were pretty disastrous 
    I think because they were implemented poorly rather than because there was a fundamental problem with the principle.

    Home Reports in Scotland work well (or at least I'm not aware of any significant complaints about them). Here's an example from a thread here a few days ago:

    https://forums.moneysavingexpert.com/discussion/6359862/conveyancing-problem-selling-in-scotland#latest

    Offer accepted on Tuesday, and before the week is out, the buyer's solicitor has read through the survey and is raising enquiries arising from it. That's pretty normal.

    Look at the number of threads here where people (in England & Wales) are still haggling over the price weeks/months into the transaction.


  • staffie1
    staffie1 Posts: 1,967 Forumite
    Part of the Furniture 1,000 Posts Photogenic
    Slithery said:
    What if someone pulls out for a good reason? Who decides what is or isn't a good reason?
    Your suggestion is unworkable in its current state, I won't be signing.
    Do you have any suggestions?
    If you will the end, you must will the means.
  • beeg0d
    beeg0d Posts: 179 Forumite
    Tenth Anniversary 100 Posts Combo Breaker
    Remember the HIPs?  They were pretty disastrous 

    The HIPs were a disaster not because they were a bad idea but due to intense lobbying from the estate agencys as a result they were conciderably watered down. The origional plan for the HIPS was to include all searches & (basic) servey. Because it would put much of the cost of selling a house on the seller Upfront.
  • Slithery
    Slithery Posts: 6,046 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    staffie1 said:
    Slithery said:
    What if someone pulls out for a good reason? Who decides what is or isn't a good reason?
    Your suggestion is unworkable in its current state, I won't be signing.
    Do you have any suggestions?

    The HIP scheme implemented properly would be a good idea.

  • atarisrocks
    atarisrocks Posts: 645 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    I wish we could have claimed back our expenses from our seller that pulled out as we lost a fair bit of money as we got to week of exchange.

    What make me mad about it after a family member spoke to the neighbours this is not the first time they have pulled out last minute over the years we was at least the 4th and they can't see the issue with it as they haven't lost much money as they never have a onward property but this was never raised as they were moving aboard. 
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