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Topic ID 5042

22/01/2010 by Tiny

Anyone after a flat to invest in?

Our seller has pulled out at the last moment so anyone looking to buy a rather fabulous town centre flat? Mail me if you are?


0 replies

Archived Replies

Reply ID 71396

22/01/2010 by shunt

quote:
Originally posted by Tiny
Our seller has pulled out at the last moment so anyone looking to buy a rather fabulous town centre flat? Mail me if you are?
Did you mean "buyer" ?


Reply ID 71397

22/01/2010 by Tiny

Yes thanks Shunt! We have finally found a house which the people are actually going to move from (its only taken us the best part of a year and countless attempts!) and the person buying our flat has changed their mind with a few weeks to go until exchange. There is no word in the English language to express the way we feel!


Reply ID 71398

22/01/2010 by shunt

quote:
Originally posted by Tiny
Yes thanks Shunt! We have finally found a house which the people are actually going to move from (its only taken us the best part of a year and countless attempts!) and the person buying our flat has changed their mind with a few weeks to go until exchange. There is no word in the English language to express the way we feel!
You have my sympathies. Same thing, on different properties, several times over the the last couple of years. Finding a buyer is the same process as it always was. Finding a buyer who can actually complete, is another matter. It's the latter which seems to have become harder. Good luck.


Reply ID 71432

23/01/2010 by Harran

Sorry to hear that Tiny. May be worth sending Kitty Kat a private message as I know she has a portfolio of flats.


Reply ID 71447

25/01/2010 by Tiny

Thanks people. It really has been a real nightmare, we lost 3 houses with people being indecisive about actually moving now we find a house to complete on and our buyer changes his mind. About to have a baby too so its no fun [:(]


Reply ID 71448

25/01/2010 by Bubbaoshea

Where are you hoping to move to Tiny?


Reply ID 71457

25/01/2010 by Tiny

Hertford as close as possible to one of the train stations.


Reply ID 71735

02/02/2010 by Bubbaoshea

Tiny a 2 bed has come up in Byde St today. In the alley way - £244k.


Reply ID 71776

08/02/2010 by Tiny

I know! I'm not even allowed to view anything until our flat is sold again.


Reply ID 71778

08/02/2010 by Bubbaoshea

Why not? If you want to view somewhere you should be able to. The people selling that property might be happy to wait for you to sell yours.


Reply ID 71783

08/02/2010 by shunt

quote:
Originally posted by Bubbaoshea
Why not? If you want to view somewhere you should be able to. The people selling that property might be happy to wait for you to sell yours.
It's becoming more common these days for sellers to limit viewings to those who are ready to proceed. Selling is a now a longer process than it has been and weekend after weekend of guided tours can get wearing when many of the viewers have little chance of completing within a reasonable timescale, if at all.


Reply ID 71788

09/02/2010 by Taxing

I agree with Shunt, it was very frustrating throughout last year when we were selling, having people "window shopping" or not in a position to buy. To be fair to the second category I don't think a lot of people realised how slow the market was and were under the assumption that they would be able to sell very quickly themselves once they had found somewhere.


Reply ID 71790

09/02/2010 by Tiny

I totally see that people need you to be in a position to move before you clean the house for viewings. Its just a hideous catch 22 as when we were sold we were looking at houses and the people then couldn't find a house to move too so the chain got longer or we couldn't find any houses to move to as none came on the market. I don't want to look incase i fall in love then get upset when it gets sold to someone who can proceed. So far we have spent a year next month trying to move, lost lots of money, i've cried many tears and are finally having to accept that a baby in a one bed flat for a year until i return to work is the only option left. We tried, we failed. The Hertford property market was not on our side!


Reply ID 71791

09/02/2010 by azzza

quote:
Originally posted by Tiny
I totally see that people need you to be in a position to move before you clean the house for viewings. Its just a hideous catch 22 as when we were sold we were looking at houses and the people then couldn't find a house to move too so the chain got longer or we couldn't find any houses to move to as none came on the market. I don't want to look incase i fall in love then get upset when it gets sold to someone who can proceed. So far we have spent a year next month trying to move, lost lots of money, i've cried many tears and are finally having to accept that a baby in a one bed flat for a year until i return to work is the only option left. We tried, we failed. The Hertford property market was not on our side!
Tiny, how frustrating. We were in a similar position last year and decided to sell and then rent so we would be ina position to buy when a suitable house came on the market. Now, one year on, we have found a house to buy without the worry of the lower-end chain breaking down.. I know a few people now who have done this and it does seem to be the only option.


Reply ID 71793

09/02/2010 by Harran

quote:
Originally posted by Bubbaoshea
Tiny a 2 bed has come up in Byde St today. In the alley way - £244k.
It is under offer now. Tiny, I hope you find another buyer soon. It took us 10 months from putting the house on the market, selling it & finding something to buy. We ended up renting for a very short while. Good luck, I know how depressing the whole situation is/


Reply ID 71814

10/02/2010 by newcomer

quote:
Originally posted by azzza
Tiny, how frustrating. We were in a similar position last year and decided to sell and then rent so we would be ina position to buy when a suitable house came on the market. Now, one year on, we have found a house to buy without the worry of the lower-end chain breaking down.. I know a few people now who have done this and it does seem to be the only option.
This would seem sensible if possible but I suspect a lot of people have mortgage situations that might make this tricky.


Reply ID 71887

12/02/2010 by Tiny

yes totally our mortgage is a porting one and we don't wish to loose the excellent rate we have or we couldn't afford as much extra as we need to buy a 2 bed. Its a common problem!


17 replies