Questions about houses, prices and procedures.

rare_uk

Questions/rambling:
1) I have had an offer accepted on a house for £201K and am having the survey done today. For some reason I decided to goto nethousprices.com to see the average property price for the road I am buying on. I saw the house I am buying listed on there for £220K on Dec 2004. Huh!

2) Why are all houses not listed? Any ideas why some are there and some aren't? I know of 2 houses I wanted to buy last year and they are still not on that website.

3) While I'm at it, a quick house sale question, when is an estate agent likely to put up a Sold sign? We accepted the offer on our house and 3 days later BAM! there was a sold sign on our house and the house was removed from the Estate Agents website. The house we are buying is being surveyed today - paid for by us obviously (£550)- and yet that has no sold sign physically or on their website. The Estate Agent (Reeds Rains) assures me that once the survey is done it will be flagged as Under Offer. Why not Sold!!!? I have tried to get them to put up a sold sign but the vendor wants the Estate Agent to take down names and addresses of other interested parties incase the sale falls through. I am a bit worried incase I get Gazumped to be honest.

If anyone can understand what I'm harping on about, feel free to reply with advice/abuse or whatever .
Cheers :beer:

Regards
Rare UK

Doozergirl

Sometimes the house price website is wrong! When I first looked on there it showed that my parents in laws house had sold recently, the last time a sale went through on that house was when they bought it nearly 20 years ago! Thinking about houses that had sold on the street, in many cases it was applying the sale to the house next door to the one that had sold.

I just looked now after your comments and many of the sales have disappeared. Maybe they have realised the mistake? Maybe this was what happened with your street?

With regards to sold signs, thinking carefully as a vendor, I feel it would be more prudent to put the sign up once there was some definate movement on the legal side. There are timewasters out there and I would prefer that potential buyers were aware of my property until any timewaster was weeded out.

As a buyer? I want the sold sign up immediately! I'm not a timewaster and I don't want other people making offers on my house!

So I can't really answer your question!

cedge

There are not enough options on your poll. When our house sold, the board didn't even change when we had completed and where we have moved to the boards don't tend to change until exchange of contracts.

rare_uk

cedge wrote:

There are not enough options on your poll. When our house sold, the board didn't even change when we had completed and where we have moved to the boards don't tend to change until exchange of contracts.

Aaah sugar! I can't edit it either. Thanks anyway.

irnbru_2

Get off you timewaster this polls pointless/already been posted!!!

rare_uk wrote:

Questions/rambling:
1) I have had an offer accepted on a house for £201K and am having the survey done today. For some reason I decided to goto nethousprices.com to see the average property price for the road I am buying on. I saw the house I am buying listed on there for £220K on Dec 2004. Huh!

Whats wrong with that?

rare_uk wrote:

2) Why are all houses not listed? Any ideas why some are there and some aren't? I know of 2 houses I wanted to buy last year and they are still not on that website.

AFAIK its only recent , 2000 onwards here and 2002 onwards in the rest of the UK.

I'm not sure why some are listed and not or if thats even the case - did they actually sell? I've been waiting for a flat to register too, just to see what it went for but I also have the sneaky suspicion that the vender withdrew it.

If nethouseprices or any othe service isn't showing it we can go straight to the Registers of Scotland to get it (online from 2000). Maybe the Land Registry has an online version too?

GDB2222

rare_uk wrote:

Questions/rambling:


3) While I'm at it, a quick house sale question, when is an estate agent likely to put up a Sold sign? We accepted the offer on our house and 3 days later BAM! there was a sold sign on our house and the house was removed from the Estate Agents website. The house we are buying is being surveyed today - paid for by us obviously (£550)- and yet that has no sold sign physically or on their website. The Estate Agent (Reeds Rains) assures me that once the survey is done it will be flagged as Under Offer. Why not Sold!!!? I have tried to get them to put up a sold sign but the vendor wants the Estate Agent to take down names and addresses of other interested parties incase the sale falls through. I am a bit worried incase I get Gazumped to be honest.

My view is that your vendors are correct. I sacked an agent who refused to keep showing my property. True to form, the buyers wanted to gazunder (due to down-valuation by surveyor). Fortunately, by then, I had hired another firm of agents and sold through them for more than the original asking price. I would have honoured the agreement with the original buyers, but they chose to muck around, and they lost out as a result. Incidentally, the original agents tried to pressure me into accepting the gazundered offer.

As for your agents, I would insist that they continue to offer your property and they change their board to say 'under offer'. In the meantime, I would take the board down - having checked your contract with the agents.

bridiej

When offer is accepted.

Our sold sign went up when we accepted the offer BUT only because they offered us less than asking price and we said that if they gave us full asking price it would come off the market - so bit of a bargaining tool (bearing in mind it had only gone on the market 5 days previous to the offer being made)

Although originally we had wanted to wait until exchange of contracts til it went up....

vickylee

When we bought our house, the board never changed from "For Sale" to "Sold" even after we moved in!

Spendless

The vendor accepted our offer on this house. It had been on the market for a few months with no offers. Week or so later, the neighbours who were friends of ours rang us to say that the owner was showing other people round.

We rang EA to get told that they could do this even though our offer had been accepted. OK we said but in that case we'll continue looking, we might find something else we'd prefer.

After that- no one else looked round, and the sold sign went up.