House buying selling madness
30 October 2002, 03:27 PM
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On Friday on my way home, I noticed a house for sale in an area not far from where I currently live (less than 200meres). I inquired about the price and arranged a viewing on Saturday and Sunday.
I put in an offer on Tuesday lunch time, and put mine on the market Tuesday evening, the same evening a viewing was arranged foe Wednesday lunch time.
I have just been offered £500 less that my asking price, of course I accepted, and will be arranging my mortgage tonight.
Now that is what I call an impulse buy, I certainly did not intend to buy a house this weekend! (I think I am still in shock)
I put in an offer on Tuesday lunch time, and put mine on the market Tuesday evening, the same evening a viewing was arranged foe Wednesday lunch time.
I have just been offered £500 less that my asking price, of course I accepted, and will be arranging my mortgage tonight.
Now that is what I call an impulse buy, I certainly did not intend to buy a house this weekend! (I think I am still in shock)
30 October 2002, 03:39 PM
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We put our house on the market in mid-July, accepted an offer on Sept 7th, and with some luck will be exchanging on Monday. And that's with a 2-house chain (we're going to rented, and our buyers are selling to FTBs).
30 October 2002, 04:46 PM
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On Friday on my way home, I noticed a house for sale in an area not far from where I currently live (less than 200meres). I inquired about the price and arranged a viewing on Saturday and Sunday.
I put in an offer on Tuesday lunch time, and put mine on the market Tuesday evening, the same evening a viewing was arranged foe Wednesday lunch time.
I have just been offered £500 less that my asking price, of course I accepted, and will be arranging my mortgage tonight.
Now that is what I call an impulse buy, I certainly did not intend to buy a house this weekend! (I think I am still in shock)
I put in an offer on Tuesday lunch time, and put mine on the market Tuesday evening, the same evening a viewing was arranged foe Wednesday lunch time.
I have just been offered £500 less that my asking price, of course I accepted, and will be arranging my mortgage tonight.
Now that is what I call an impulse buy, I certainly did not intend to buy a house this weekend! (I think I am still in shock)
Clare said i could have a Porsche, if she could have a new house...
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30 October 2002, 08:29 PM
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Three years ago i sold one of my house for the asking price within 30 hours. Didnt even have time to have a nice pic in the local rag!
31 October 2002, 09:45 AM
#10
Our last house sale/purchase.
The paper came out on Saturday, we saw it in the paper on Sunday afternoon, found the house, looked round the o/side, liked it & rang 1st thing Monday morning, wife saw it @ 12:00 (1st person) & offered asking price which was accepted.
We contacted our local estate agent on Monday afternoon, he came round measured up, told us he had a buyer in mind & they came round Monday evening & they had agreed to what we wanted by Tuesday midday! We did get to see the particulars in draft form
Exchanged by 5 weeks too...
The paper came out on Saturday, we saw it in the paper on Sunday afternoon, found the house, looked round the o/side, liked it & rang 1st thing Monday morning, wife saw it @ 12:00 (1st person) & offered asking price which was accepted.
We contacted our local estate agent on Monday afternoon, he came round measured up, told us he had a buyer in mind & they came round Monday evening & they had agreed to what we wanted by Tuesday midday! We did get to see the particulars in draft form
Exchanged by 5 weeks too...
31 October 2002, 10:42 AM
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I've just moved - what a nightmare
one house I looked at - 1st advertised Thurs pm local rag,
I viewed Friday - put offer in Fri pm £3k over asking price.
was told 12 people already lined up to view the house over the weekend.
by Monday - they had 9 offers - I lost out - God knows what it went for.
(selfish mode on) hopefully prices will rocket now and make me a nice pension on my new one when I sell. (selfish mode off)
one house I looked at - 1st advertised Thurs pm local rag,
I viewed Friday - put offer in Fri pm £3k over asking price.
was told 12 people already lined up to view the house over the weekend.
by Monday - they had 9 offers - I lost out - God knows what it went for.
(selfish mode on) hopefully prices will rocket now and make me a nice pension on my new one when I sell. (selfish mode off)
31 October 2002, 10:52 AM
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Sold the last house I lived in with my parents just before they went on holiday, had 5 weeks till moving date.
They went on holiday for 3 weeks, I had to find them a new house!
Found a house the friday evening they were due back. Put in a cheeky offer (30k below asking price) guy talked me up to 20k below and we agreed. He thought I was wasting time as I was a 21 year old just agreeing to buy a £220,000 house. Parents viewed the house that evening, agreed to buy, completed 2 weeks later!
They went on holiday for 3 weeks, I had to find them a new house!
Found a house the friday evening they were due back. Put in a cheeky offer (30k below asking price) guy talked me up to 20k below and we agreed. He thought I was wasting time as I was a 21 year old just agreeing to buy a £220,000 house. Parents viewed the house that evening, agreed to buy, completed 2 weeks later!
31 October 2002, 10:54 AM
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I'm moving to a rented house - we'll be spending the next 6 months looking for a decent new house to buy, or a plot to build on.
<selfish mode on>Hopefully interest rates will quadruple in the next few months, maximising the return on my cash equity from the house we're selling, and forcing a huge housing market crash, allowing us to pick up a 7-bed mansion for about 10p as cash buyers</wishful thinking mode off>
<selfish mode on>Hopefully interest rates will quadruple in the next few months, maximising the return on my cash equity from the house we're selling, and forcing a huge housing market crash, allowing us to pick up a 7-bed mansion for about 10p as cash buyers</wishful thinking mode off>
31 October 2002, 11:14 AM
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Of course not Davyboy.
And that nice Mr Brown has once and for all put an end to the boom and bust economy all by himself
The jitters are already there. Rents are falling, because too many people have bought to rent out, causing over-supply of rented accomodation and a shortage of houses to buy...
I reckon it's got to settle, and possibly fall...
And that nice Mr Brown has once and for all put an end to the boom and bust economy all by himself
The jitters are already there. Rents are falling, because too many people have bought to rent out, causing over-supply of rented accomodation and a shortage of houses to buy...
I reckon it's got to settle, and possibly fall...
31 October 2002, 11:19 AM
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Well, I'm renting at the mo and house prices are so stupid I can't afford to buy. I hope interest rates shoot up and people who panic bought loose out (selfish cow) I want my own house!!! I'm thinking of a lovely big repossession for next to nothing!!!
31 October 2002, 11:56 AM
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I think they will settle and I think they are doing that now, I don't think they will drop like they did (for the first time ever) in the late eighties.
To be honest I dont really care, lifes to short to worry about such things, but hopefully i will have a nice house, that I only have a mortgage for 50% on.
If the worse comes to the worse we will have to sell our other house I guess.
To be honest I dont really care, lifes to short to worry about such things, but hopefully i will have a nice house, that I only have a mortgage for 50% on.
If the worse comes to the worse we will have to sell our other house I guess.
31 October 2002, 12:04 PM
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Mark, i promise i won't laugh when the Bank of England cut interest rates by 25bps next thursday
31 October 2002, 12:27 PM
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red_dog,
I'm doing the same at the moment. Sold my old flat for a tidy profit earlier this year. Not gonna buy anything until houses start selling for sensible amounts again.
A few months ago I looked at a nice house that was on the market for 80k (2k less than it's surveyed value). I expressed an interest to the estate agent and she advised me that they already had several offers in that were over 100k??? Needless to say i walked away.
I'm doing the same at the moment. Sold my old flat for a tidy profit earlier this year. Not gonna buy anything until houses start selling for sensible amounts again.
A few months ago I looked at a nice house that was on the market for 80k (2k less than it's surveyed value). I expressed an interest to the estate agent and she advised me that they already had several offers in that were over 100k??? Needless to say i walked away.
31 October 2002, 01:24 PM
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Not gonna buy anything until houses start selling for sensible amounts again.
I can see an adjustment of a couple of percent, but I can't see any reason for prices to come crashing down.
31 October 2002, 06:27 PM
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I had an offer for 98k accepted on a flat in the summer, came to the day we were supposed to exchange and the **** decided he actually wanted 120K and wouldnt sell for less Wasnt happy.
Ended up buying a nicer flat for 100k, spending 4k on it and now worth 120k four months later
Hopefully i can still set it for that next summer and pocket some £££...i'll need it....moving to London with my boys
Wasnt happy.Ended up buying a nicer flat for 100k, spending 4k on it and now worth 120k four months later
Hopefully i can still set it for that next summer and pocket some £££...i'll need it....moving to London with my boys
18 March 2003, 05:14 PM
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Whats happened Dave, cant you sell you place ?
If its any consolation I'm in a right mess, I'm supposed to be completing on Friday on a flat, as usual his solicitors have gone quiet for the last two weeks.....
Offer accepted 7/12/02 supposed to be in by End Jan '03
If its any consolation I'm in a right mess, I'm supposed to be completing on Friday on a flat, as usual his solicitors have gone quiet for the last two weeks.....
Offer accepted 7/12/02 supposed to be in by End Jan '03
18 March 2003, 05:16 PM
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Have heard the same from many others. Have you noticed the prices in Northampton starting to go down Davyboy? Looks that way to me and the largest estate agent in Northampton has had to reduce alot of prices
Just shows how inflated they were 4-6 months ago i guess. Good luck with your sale though
18 March 2003, 05:17 PM
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Oh I have sold three times!!
Once to 2 stupid brother.
Once to a stupid couple, who after 3 months did not have a mortgage!
And now to a cash buyer.
Once to 2 stupid brother.
Once to a stupid couple, who after 3 months did not have a mortgage!
And now to a cash buyer.
18 March 2003, 05:28 PM
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I sympatise m8, that sucks......
It really is a kip isn't it ?
Is there any way you can make them commit to it?
Surely the three month no mortgage people didn't have solicitors either, how did it go so far.... Tell me to f-off if you want
It really is a kip isn't it ?
Is there any way you can make them commit to it?
Surely the three month no mortgage people didn't have solicitors either, how did it go so far.... Tell me to f-off if you want