Currently buying/selling a house? How is it going? READ MOD NOTE POST #1

well, seen actual add might get updated once in a while just to bump it on the queue (as only few houses are premium/featured in the area I live in, no update means would end up on later pages ppl won't be curious about).

anyone has any idea how much are EAs paying for their adds on daft ? is it the standard fee, or do they have "business owner" fees (so cheaper, per volume)

With regards the EA daft fee, two EAs I’ve been dealing with mentioned it’s c.300+ VAT for standard and it’s another 400 for premium ad... we are going for an EA that charges fixed fee of 2.5K. That includes marketing fee. Commission fees of 1.5% seems unreasonable these days when buyers are just using Daft and MyHome to look for properties. Buyers don’t go to EA prime location shops anymore to at brochures.

You don’t have to sell your house until you’ve confirmed the purchase. Your solicitor will handle that for you. You don’t have to sign contracts to sell until you’ve locked in a contract to purchase. You’ll struggle to find a seller who’ll wait for you if you only start the process after having your bid accepted.

We used the Sale Agreed letter from our agent when submitting our final bids on properties to show where we were. We ended up selling and moving back with family and are now waiting to close on the purchase but the solicitor had said we could close both on the same day, and it was his job to make sure we didn't end up homeless.

If you own a house for 300k that is now worth 350k and want to buy a house that was 400 and is now 450k, I presume you don't profit at all? Random question I know!

Did your buyer pressured you to close before your purchase is finalised?... looks like it’s a smooth process for you. Hope it goes well up to the end 🙂. Best of luck!

Hopefully a bid is on the way

i have my first viewing next week house went back on market this week , hope I did the right thing

The exact same thing happened to us this time last year. We got the keys two weeks before Christmas having found out at the end of August/beginning September that the probate was only being filed. Luckily there were no issues and it went straight through. If there are any queries on it, the application goes back to the end of the queue. Best of luck, this time last year there was a change in the way they were processed which created a backlog so hopefully that new process has sped up by now.

We are with EBS and hearts broken with questions and requests. Every time this happens the process is paused for 6 working days. Incredibly frustratingly slow process.

we are also selling our house and we had engaged with our solicitor before the house went up for sale to get title deeds. We also got certificate for extension in place and to solicitor before we went sale agreed. He's very on the ball thankfully which helps. The EA who is selling our house keeps us in the loop re purchasers. We waited until we were SA to put an offer on a house, which we did, and that EA requested email of our EA to ensure that we are SA. There were no other interested parties and vendors EA told us we wouldn't under ordinary circumstances be entertained as we re in a chain, but lucky for us no-one else put in an offer.

Fingers crossed it all works out. It is not for the faint hearted!

We will be selling and at the same time buying. So basically a seller on a chain. So I suppose that will impact the saleability of our house if the buyer becomes aware that we will be on a chain. But as one poster above says, we can also close the sale of our house first if there is a good level of certainty on the house we are buying.

any of the parties involved in a chain ?

I was on the other side waiting for 4 months for a chain between 2017-2018 (different situation then compared to now), and it was not a happy feeling. ... tbh, if I had known in advance, I would have pulled out / made an offer somewhere else (my interest was to move quicker out of my rental that was costing me money).

Finally signed my contracts today and my solicitor said closing would be three weeks from the date she receives signed contracts from the vendor. She asked if I was in a position to close earlier than that and I said yes, as I have everything else in order and ready to go, so she said she'd make a note of that when sending my contract to the vendor's solicitor today. Glad to finally be getting some proper momentum, and hopefully I might have the keys in the next few weeks!

Waiting on our Tsb loan offer, been 4 weeks since our last doc was submitted and about 6 since the loan offer was requested. We’re not under pressure yet as still waiting on a final date for moving.

My question is, looking back over all the posts here is how people are getting keys last minute, or even agreeing the moving date only a few days in advance of actually moving. So how does that work with arranging movers and planning things? Sounds mad to be so last minute.

Also wondering say we get our letter of offer, is the next stage then to request the funds closer to the agreed date, and then do they sit in the solicitors account for a few days if needed, or do they have to be transferred on closing date? No idea how the process works towards the end.

Wishful thinking here probably, but has anyone here seen the exchange of keys done *before* the closing day?