Chit Chat
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Chit chatters with experience of selling properties...Please advise
Chit chatters with experience of selling properties...Please advise
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A brief update...
I spoke to my estate agent - I phoned him! EA:There's a couple of things with our buyer's property holding up proceedings and once sorted we will get to completion. ME: What about the buyer wanting 7-10 days, signing the key undertaking and having his decorator coming in? EA: Forget that, It won't be happening now. The next stage will be completion and exchange of keys. So we went through this added grievance for nothing! Thanks again for the posts/advice. dnb |
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Excellent news
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Exchange and completion on same day.
Keep fingers crossed. |
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bix
10 Nov 15 13:46 For what it's worth mememe I was an Associate of the Royal Institution of Chartered Surveyors ( ARICS) when practising and selling houses was just a small part of the business. I was an Associate of the Royal Surveyors Estates and Housing Organisation Licencing Envoys. Can anyone believe I was an ****? |
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@RSEH0LE
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They think it's all over...
Talk about bypassing the estate agent (who just so happens to represent both buyer and seller). This afternoon my solicitor sent me an email request from the buyer's solicitor: "I have today seen my client. He is very worried as he hadn’t factored into his original offer the work that is required to the property. Therefore he has requested that we make a revised offer (£10,000 less than agreed)."  "He is ready to proceed (subject to sale) as soon as possible." Regarding the buyer, the above post from RogerTheButler is 100% correct. |
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Here's part of my email reply to my solicitor...
As for the buyer saying "He also hadn’t factored into his original offer the work that is required." This is simply not the case as the estate agent phoned me several times during sale negotiations, hence the agreed drop in price, (I have the phone recordings). From the goodness of my heart I even allowed the buyer to have the key code combination to my mum's home so he could have access. He viewed it at least 6 times. Please inform the buyer's solicitor "There will be no further renegotiating from the Agreed price, and furthermore, we are in no rush to sell." See RTB post. There's more... |
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Then I phoned the estate agent...
He said he's worked with the buyer before. He's a very volatile character who blows hot and cold. When I mentioned he wanted a price drop due to work required the estate agent was fuming. Leave it with me and i'll smooth it over with him, but I won't phone him to night as i'm so angry with him. See RTB post. |
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He said he's worked with the buyer before. He's a very volatile character who blows hot and cold.
In other words a known chancer. If you are genuinely not in a rush to sell, I would try to take back control of the situation (the buyer seems to be running the show and calling all the shots atm) - Start by telling the agent any more messing about from the buyer and it goes back on the market. He has got more to lose than you. For those who said let the decorators in between exchange and completion?? Are you mad?? FFS it could quite easily turn into your worst ever nightmare and your own insurance wouldn't give you the time of day - You complete on the house and THEN rip the guts out of it if you so wish - you don't do it whilst it still belongs to someone else . |
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Told you it was the thin end of the wedge.
I am a qualified High Net Worth Adviser (although not done mortgages for a few years) and the last minute price offer forces desperate sellers (often in chains and with their lives re-arranged in lieu of the move) to begrudgingly accept. Hence KISS. Keep it simple, agree to nothing out the ordinary and know your buyer as best you can! Hope you get the FULL price agreed on the date agreed or just drop him, it's a sellers market currently. |
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Couldn't agree more with charwell. Personally I'd go for the jugular and send him a 'buy it or forget it' ultimatum. He had the chance to view it and the survey would have revealed anything out of the ordinary. End of chat imo
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Classic case of price reduction offer just before exchange (particularly when exchange and completion on same day, hence my post on 18 Nov.). In this situation tell him the deal is at the original price or no deal. In today's market you may get more by putting it back on the market.
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charwells and Emdens advice is spot on.
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charwell did you go on work 'conventions' when they were around.?
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My final email to the buyer's solicitor was "We won't accept one penny less than the agreed price."
Sale withdrawn - Property is back on the market. Been a frustrating month and i'm annoyed as we now have to pay our useless solicitor 75% of her fee through no fault of our own because of a **** of a buyer being an utter pain in the ass. I've been looking online and apparently some solicitor's do no sale no fee? - Feckin hindsight! Pity I didn't ask on here 6 months ago as it could have saved around £500. Now waiting to hear from the solicitor with her final bill. Overall it's been a galling yet eye opening experience and a big lesson learnt. Once again, thank you all for your input. |
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My last solicitor on the sale of my property was also useless.
I had made it plain that as it was nearly christmas and therefore a nightmare to move then, I had agreed with her that I would exchange early January and complete a month later to allow me time to find somewhere to live as I was moving quite a way away. Then I got a call about two days before christmas saying there had been a mistake and I had to exchange the following day and complete two weeks later. The worst two weeks to move and also useless to find somewhere to rent! Thanks to my lovely neighbour he offered to let me move him with him until I got myself sorted out. I was still there 15 months later. |
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Nightmare DnB.
Stick a grand on the asking price to pay for the solicitors fees! Went to plenty of 'meetings' and the like. Always boring as hell :) |
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Barclays did conventions for their most successful advisers, they were Jollies for the guys. around 10 days in places like Rio, Capetown (Table bay at the waterfront hotel)Boston, Oman, Singapore/Penang Via Eastern orient Express, and many many more, all top hotels Spending money, helicopter rides, etc etc. after 2008 they got rid of their advisers overnight and closed the whole set upover 2,600 employees i believe lost their jobs
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Went to Vietnam, Monte Carlo and the likes. Also had lots of weekend jollies at places like The Epsom Derby, Celtic Manor etc.
Lots of royal p1ss ups. Lloyds also did away with their advisory workforce few years ago. Amazing how estate agents have such little regulation compared to financial advisers/banks and now people complain they can't get decent financial advice. |
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Pensions seem to be the thing now. I'm offski, GN & GL.
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'The house buyer from HELL': Builder who ripped out kitchen and built an unauthorised extension on £800,000 house before the sale had been completed loses his deposit after sale fell through
Read more: http://www.dailymail.co.uk/news/article-3336520/Builder-labelled-home-buyer-hell-ripped-kitchen-house-sold.html#ixzz3siDyOmw6 think this current news story answers all your questions |