Moving house

[ChimpMaster]

Change estate agents, they should not accept an offer without proof of funds.

Proof of funds only extends as far as showing your deposit and possibly a DIP from a lender. The mortgage offer itself is dependent on the survey and this is where many recent applications have failed, because house prices are increasing at rates deemed unsustainable by surveyors.

Surveyors therefore provide lenders with a lower (but possibly more realistic) valuation than the buyer needs to secure the mortgage, which means that the mortgage cannot be secured, and so the purchase falls through.

The house then is often put back onto the market at a reduced price.

[seanraaron]

Untrue. If your offer is accepted, then the solicitors get involved and then at a later date the contracts are agreed.



It would be closer to say that with all the BS some people believe, it's amazing that they know any facts at all.
You are Donald J Trump and I claim my £5.

And if you put in an offer only to back out of it, you get what as a seller exactly? How about as a buyer, you're saying sellers have never decided to go with a better offer after accepting one? Did they change the laws down there because I remember pre-crash when people were complaining about this stuff on TV all the time...

[WTFH]

And if you put in an offer only to back out of it, you get what as a seller exactly?

Sellers don't put in offers, generally.

How about as a buyer, you're saying sellers have never decided to go with a better offer after accepting one? Did they change the laws down there because I remember pre-crash when people were complaining about this stuff on TV all the time...

You remember watching Jeremy Kyle/Vine/Clarkson going on about it all the time pre what crash? Wall Street, 1929?


In my experience of buying and selling property in the UK - not just England, the odd one out is the Scottish sealed bids system where a buyer can end up paying over the odds, or losing out on a property, because they only get one shot at a bid.
The rest of the UK has a sensible system, and if you deal through reasonable estate agents and solicitors, it's a straightforward process. It's just like buying and selling a car or mars bar, or ebay. The buyer puts in an offer and the seller accepts or rejects it. If the seller rejects, the buyer can (if they want) put in another offer.


Can you tell me how many houses you have bought/sold in the UK? Maybe break that figure down to the number in Scotland and the number in the rest of the UK.

[vetran]

I think there is room for a halfway where they buyer & vendor enter into an agreement that they pay the other persons costs to pull out except for certain failures on the search or survey. Vendor would need to disclose details to any previous pull outs to prospective buyers.

[BrilloPad]

Vendor would need to disclose details to any previous pull outs to prospective buyers.

That could be extended to marriage.

[vetran]

That could be extended to marriage.

My wife is more interested in how many offers I get!

[MrMarkyMark]

Can you tell me how many houses you have bought/sold in the UK? Maybe break that figure down to the number in Scotland and the number in the rest of the UK.

FTFY

You are a total, completely, clueless, twunt and I claim my £5.

[seanraaron]

Sellers don't put in offers, generally.






You remember watching Jeremy Kyle/Vine/Clarkson going on about it all the time pre what crash? Wall Street, 1929?


In my experience of buying and selling property in the UK - not just England, the odd one out is the Scottish sealed bids system where a buyer can end up paying over the odds, or losing out on a property, because they only get one shot at a bid.
The rest of the UK has a sensible system, and if you deal through reasonable estate agents and solicitors, it's a straightforward process. It's just like buying and selling a car or mars bar, or ebay. The buyer puts in an offer and the seller accepts or rejects it. If the seller rejects, the buyer can (if they want) put in another offer.


Can you tell me how many houses you have bought/sold in the UK? Maybe break that figure down to the number in Scotland and the number in the rest of the UK.

Obviously I mean when a buyer backs out you muppet.

This was Property Ladder etc. pre-2008. I wouldn't mention it if I hadn't seen talking heads natter on about it at some point. I'm sure it could be complete BS, but it did make it look like you could have a deal trashed by a chancer and a greedy seller up until key exhange.

I've had two purchases/sales in Scotland, one was sealed bid. Sealed bid is really more of an issue in a sellers market. People did the same thing in California when the market was overheated there in the 90s/early 2000s; can't see a problem with that, just don't offer what you're not willing to pay.

[MrMarkyMark]

Obviously I mean when a buyer backs out you muppet.

This was Property Ladder etc. pre-2008.

I've had two purchases/sales in Scotland, one was sealed bid. Sealed bid is really more of an issue in a sellers market; did the same thing in California when the market was overheated there in the 90s/early 2000s; can't see a problem with that, just don't offer what you're not willing to pay.

[WTFH]

Sealed bid is really more of an issue in a sellers market

So, in a "sellers market", sealed bids are an issue.


Is a "sellers market" one where the prices are rising?


In other words, you are saying that sealed bids are an issue in the UK housing market, or to put it more simply, you think your own argument is wrong.


Just checking that I've not confused myself with your logic.