Is the current market sucking the joy out of moving?

BobT36

lincroft1710 said:

Bigphil1474 said:

That's crazy. Our house cost £45k in 1995, and we just sold for £180k. Can't believe the jump on that one - has it been coated in liquid gold.

In most areas 1995 was a low point for house prices. My house, bought in 1998, when prices were rising again is also now worth about 4 times what I paid for it

Not ten times tho? 

RHemmings

lincroft1710 said:

Bigphil1474 said:

That's crazy. Our house cost £45k in 1995, and we just sold for £180k. Can't believe the jump on that one - has it been coated in liquid gold.

In most areas 1995 was a low point for house prices. My house, bought in 1998, when prices were rising again is also now worth about 4 times what I paid for it

That's about 5.5% increase per year. I would guess that has been a real terms increase as well as nominal. Certainly not something to be sniffed at. 

77588p

2 viewings where the buyers were actually proceedable.

First one says the house was a little too small but felt price was right.

One yesterday thanked me for showing them round but said the house was a little too big for them but again felt price was right.

Wish Goldilocks would turn up soon.

FlyMeSomewhere79

77588p said:

2 viewings where the buyers were actually proceedable.

First one says the house was a little too small but felt price was right.

One yesterday thanked me for showing them round but said the house was a little too big for them but again felt price was right.

Wish Goldilocks would turn up soon.

Oh its such a frustrating time with the slowed market last year leading to a lot of available properties.

The amount of times I had people tell me how great my house was and how it ticked all their boxes only for them to view about another 20 houses and lose interest in my house. The worst thing is when they leave dangling for ages as to whether they want to put an offer in or not.

Now the market is picking up again it will a at least ease the issue of too much choice.

lincroft1710

BobT36 said:

lincroft1710 said:

Bigphil1474 said:

That's crazy. Our house cost £45k in 1995, and we just sold for £180k. Can't believe the jump on that one - has it been coated in liquid gold.

In most areas 1995 was a low point for house prices. My house, bought in 1998, when prices were rising again is also now worth about 4 times what I paid for it

Not ten times tho? 

Bigphil1474's house went up in price 4 times, £45k x 4 = £180K, so I don't know where you are getting 10 times from

martindow

FlyMeSomewhere79 said:

The amount of times I had people tell me how great my house was and how it ticked all their boxes only for them to view about another 20 houses and lose interest in my house. The worst thing is when they leave dangling for ages as to whether they want to put an offer in or not.

Now the market is picking up again it will a at least ease the issue of too much choice.

I think if you ask a viewer outright what they think, they are likely to make positive comments whatever they are actually thinking.  Most people avoid being blunt and it can seem rude being negative about a person's house.

It's much better to let the agent contact viewers afterwards to get feedback when it's not confrontational.

Albermarle

lincroft1710 said:

BobT36 said:

lincroft1710 said:

Bigphil1474 said:

That's crazy. Our house cost £45k in 1995, and we just sold for £180k. Can't believe the jump on that one - has it been coated in liquid gold.

In most areas 1995 was a low point for house prices. My house, bought in 1998, when prices were rising again is also now worth about 4 times what I paid for it

Not ten times tho? 

Bigphil1474's house went up in price 4 times, £45k x 4 = £180K, so I don't know where you are getting 10 times from

They were referring to another property. Check back through the thread for a previous post by them.

lincroft1710

Albermarle said:

lincroft1710 said:

BobT36 said:

lincroft1710 said:

Bigphil1474 said:

That's crazy. Our house cost £45k in 1995, and we just sold for £180k. Can't believe the jump on that one - has it been coated in liquid gold.

In most areas 1995 was a low point for house prices. My house, bought in 1998, when prices were rising again is also now worth about 4 times what I paid for it

Not ten times tho? 

Bigphil1474's house went up in price 4 times, £45k x 4 = £180K, so I don't know where you are getting 10 times from

They were referring to another property. Check back through the thread for a previous post by them.

My original post was in reply to Bigphil1474, which I thought was fairly clear as I quoted their post and not to any previous post by BobT36

Slinky

FlyMeSomewhere79 said:

Slinky said:

FlyMeSomewhere79 said:

ManuelG said:

Is there joy in moving? One of the most stressful experiences of my life!

It really is! I'm in a small chain as I have FTB'S buying my house and the owner of the house we are buying is going into rented until they see a house they like. It's all been quite smooth until exchange date, my buyers solicitor forgot to dot various I:s and cross T's and it keeps knocking out our exchange and completion dates that we were previously assure of. We are now paying gas and electric for our new home that has a family of 5 living in it rather than just me and my partner that should have been in there by now.

You take an offer and put one in and then it's several months of constant worry and uncertainty! Even to the days you are meant to move! I'm desperate for this to end - just waiting for the buyers lender to answer a query so we can exchange and get out of this horrible limbo and living out of boxes in a shell of home. 

I wouldn't be in hurry to do any buying or selling again anytime soon - most people have a nightmare in the process somewhere!

@FlyMeSomewhere79 why - how - are you paying for utilities in a house you don't own?

Because the buyers solicitor told us via our agent that ready to sign off and exchange for a planned move at the end of the week so we notified all the utilities and it turned out the solicitor told a huge lie. The gas and electric company said they couldn't reverse it because it would take 6 weeks so we have paid the bill for the last week - we exchanged yesterday and move Monday thank god!

For future reference, that's not the way most people handle utilities! You take meter readings on the day you move and inform the companies on the day you move in or over the next couple of days. In all my many years of reading this forum, I've never heard of anybody changing them in advance. How did you even have opening meter readings?

amandaleeds

FlyMeSomewhere79 said:

77588p said:

2 viewings where the buyers were actually proceedable.

First one says the house was a little too small but felt price was right.

One yesterday thanked me for showing them round but said the house was a little too big for them but again felt price was right.

Wish Goldilocks would turn up soon.

Oh its such a frustrating time with the slowed market last year leading to a lot of available properties.

The amount of times I had people tell me how great my house was and how it ticked all their boxes only for them to view about another 20 houses and lose interest in my house. The worst thing is when they leave dangling for ages as to whether they want to put an offer in or not.

Now the market is picking up again it will a at least ease the issue of too much choice.

Wow, if only there were 20 homes to view! I've had nothing suitable come to the market since start of Jan, and that's just one very overpriced home 😔