The house sale

[WTFH]

The house sale

£8k in 2 months on a house that's worth what? £100k. Sounds like a crash to me.

Edit: £99,800

Edit: £99,796.75 (that's £3.25 drop since the last edit, 35 mins ago)

[MrMarkyMark]

Hence why Scotland never has a crash in property prices.

That must be little consolation, now yours has gone down in price

[scooterscot]

Obviously not in jock land

Hence why Scotland never has a crash in property prices.

[MrMarkyMark]

Property values only go up you know.

Obviously not in jock land

[GB9]

Property values only go up you know.

[Malcolm Buggeridge]

1) Offer made on our place in Scotland. Accepted. Took off market.

2) Four weeks later buyer's mortgage lender withholds funds days before the missives are concluded, sale fell through.

3) Back on market, 2nd home report required. Another £350 or whatever. Same surveyor reduced value by £8k.

4) 2nd buyer falls through because lender would not approve mortgage due to fraud on buyers credit record.


I enquired of the surveyor why the drop in valuation and he said because the property has been on the market for 4 months now. But two of those months were whilst it was 'under offer'

What the heck? And why are sellers in the UK not allowed to take a deposit?

I don't recognise any of that as being part of the normal chain of events associated with a house sale.

What's a missive? Is it a Scotch thing?

[WTFH]

1) Offer made on our place in Scotland. Accepted. Took off market.

2) Four weeks later buyer's mortgage lender withholds funds days before the missives are concluded, sale fell through.

3) Back on market, 2nd home report required. Another £350 or whatever. Same surveyor reduced value by £8k.

4) 2nd buyer falls through because lender would not approve mortgage due to fraud on buyers credit record.


I enquired of the surveyor why the drop in valuation and he said because the property has been on the market for 4 months now. But two of those months were whilst it was 'under offer'

What the heck? And why are sellers in the UK not allowed to take a deposit?

Scottish house sales are not the same as the rest of the UK ones. If the Scottish system was sorted out, you'd not have had the problems.

[OwlHoot]

1) Offer made on our place in Scotland. Accepted. Took off market.

2) Four weeks later buyer's mortgage lender withholds funds days before the missives are concluded, sale fell through.

3) Back on market, 2nd home report required. Another £350 or whatever. Same surveyor reduced value by £8k.

4) 2nd buyer falls through because lender would not approve mortgage due to fraud on buyers credit record.


I enquired of the surveyor why the drop in valuation and he said because the property has been on the market for 4 months now. But two of those months were whilst it was 'under offer'

What the heck? And why are sellers in the UK not allowed to take a deposit?

Is this the Scottish conveyancing system, that's supposed to be so much better than the English & Welsh one?

[FatLazyContractor]

1) Offer made on our place in Scotland. Accepted. Took off market.

2) Four weeks later buyer's mortgage lender withholds funds days before the missives are concluded, sale fell through.

3) Back on market, 2nd home report required. Another £350 or whatever. Same surveyor reduced value by £8k.

4) 2nd buyer falls through because lender would not approve mortgage due to fraud on buyers credit record.


I enquired of the surveyor why the drop in valuation and he said because the property has been on the market for 4 months now. But two of those months were whilst it was 'under offer'

What the heck? And why are sellers in the UK not allowed to take a deposit?

Wait until Scotland becomes part of Germany and then sell under German Law.

[scooterscot]

1) Offer made on our place in Scotland. Accepted. Took off market.

2) Four weeks later buyer's mortgage lender withholds funds days before the missives are concluded, sale fell through.

3) Back on market, 2nd home report required. Another £350 or whatever. Same surveyor reduced value by £8k.

4) 2nd buyer falls through because lender would not approve mortgage due to fraud on buyers credit record.


I enquired of the surveyor why the drop in valuation and he said because the property has been on the market for 4 months now. But two of those months were whilst it was 'under offer'

What the heck? And why are sellers in the UK not allowed to take a deposit?