Estate agent cancelled house viewing

saajan_12

https://forums.moneysavingexpert.com/discussion/comment/81859892#Comment_81859892

Your house sold in a day once. Nothing to suggest that would be repeated.

2. I would be offering 20-30k over home report to offer an advantage over a first time buyer. I have cash in bank.

…
To sell up split the chain and rent is expensive and frankly ignorant that people expect to do this.

To pay another 30k to save an extra move and a few months rent (offset by saving mortgage interest) is more expensive and frankly ignorant.

elsien

Will you be needing a mortgage because they may well have a view about you paying 30 K over the odds?

RelievedSheff

https://forums.moneysavingexpert.com/discussion/comment/81859960#Comment_81859960

That rather depends on the amount of deposit you are putting up compared to the sale price.

The Halifax have down valued the property we are buying by £17k compared to the price we have agreed to pay. It makes no odds to our purchase. We are still in the same LTV bracket.

This was based on an automated valuation, I dare say if we had argued the case we could have gotten them to get a surveyor round to do an in person valuation but it would have made zero difference to the deal and wouldn't have gained us anything.

gadget88

https://forums.moneysavingexpert.com/discussion/comment/81859960#Comment_81859960

Yes a mortgage already approved it last time and my deposit was 130k last time on a house over 250k so almost half in deposit

sheramber

when I sold my house I had two offers.

one for £210,000 but the buyers buyer still had to get mortgage approved.

The second , £203,000, from a cash buyer whose funds had been verified.

Much to the first person’s disbelief I accepted the second offer.
He was not pleased at all.

I wanted a sale , not an open ended offer. I later learned that his buyer did not get a mortgage so the sale wouldn’t have gone through.

sheramber

https://forums.moneysavingexpert.com/discussion/comment/81860115#Comment_81860115

Then get your house on the market and accept an offer, then you will be able to view.

gadget88

https://forums.moneysavingexpert.com/discussion/comment/81860160#Comment_81860160

Fair point 7k is a fair amount of money but would you agree 30k? Who has 30k to waste?

gadget88

(Quoted post removed by Forum Team)

Say all you want but plenty would sell knowing I have a good area to sell. Will sell quick and have cash in bank. Nothing to do with scams I made it clear my “high offer” was a premium on the basis I have not yet sold. If people want it waste 30k fine. Already had a mortgage approved and proof of funds and savings!

gadget88

Plus already said the had offers or options to buy without having sold in past. And regarding renting assuming I did pay to rent the wait time for a house there is 9 months so you are looking at £8,000 rent assuming it’s averaging £900 per month in my area plus removal costs. The usual way round here is people list a house and look for something else but I’m limited on area for work and travel. I don’t know many people who have to rent. I did this once after I sold. 2 moves in 7 weeks very stressful.

But as I say spending £8 grand on renting say I had sold and taken the offer last year despite the house selling and the owner says no sorry we won’t sell to you? Is that another 8 grand and 9 months possibly renting?

Even the agents advised me in my situation I’m better to sit it out and see if something comes to market. Selling is high gamble either and up wrong area, likely worse area or in an expensive private rental. So yes after six attempts to move I have to ask is it worth spending a 4th year trying? We constantly have new builds in my area so that’s looking more sense. The property I was buying is around 8 years but the home reports are already filled with 2 score stiff drawers damaged slabs and fences broken. One of my reasons to move was to get a newer built but it doesn’t stay new forever. Interestingly despite that area adding 10k in value a year the latest one is £14k less despite being same spec.

So yes my logic may be wait for future new builds may be easier to move that way.

whizzywoo

You say that your house sold in a day! But it didn't actually sell did it? Your buyer pulled out for whatever reason.

We sold our house three times in less than 10 days but each time it fell through, once on the day of completion.

Eventually it sold to the 4th buyer, less than 6 weeks from offer made to completion.

You need to get real and get your house sold subject to contract before people are going to let you view.