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Re: house buying-chains how does it work [Re: coupedummy] #1554244
03/11/2015 23:54
03/11/2015 23:54
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Portsmouth
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It's a good idea to speak to a mortgage advisor prior to looking at houses seriously.

They'll be able to give you an idea of what you can afford to borrow and what it'll cost you. Look for an independent one who is able to offer whole of market.

Don't just go to your bank and certainly don't use one that a corporate estate agent has 'in house'.

However, an agreement in principle is basically just a lender looking at some basic info about you and saying "yeah, we'll probably lend you this". It's no guarantee that they will lend you anything.

Re: house buying-chains how does it work [Re: coupedummy] #1557401
10/12/2015 19:56
10/12/2015 19:56
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west bromwich
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coupedummy Offline OP
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Ok, slight step closer.

Booked a second valuation in for next week.
Seen the bank today. Provided a mortgage promise, £207k eeekk.

Quite a decent amount up here in the West Midlands.

That's was based upon minimum figures aswell and hopefully a better situation as a few debts go in the next month.
Will talk to an advisor also.

Next, my house goes up for sale!

My requirements for looking-
2 bed minimum
Double garage- or single with large drive
Double glazed and central heated
West Midlands and outskirts,so Shropshire,Worcestershire possibly Warwickshire.

Max 200k A lot lower if possible. A guide though if my house achieves its value and mortgage is given.


Last edited by coupedummy; 10/12/2015 20:25.

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Re: house buying-chains how does it work [Re: coupedummy] #1557406
10/12/2015 21:47
10/12/2015 21:47
Joined: Oct 2008
Posts: 6,783
In the coupe.
magooagain Offline
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In the coupe.
Bloody hell!

How about a 50k French home!



Re: house buying-chains how does it work [Re: coupedummy] #1557407
10/12/2015 21:52
10/12/2015 21:52
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west bromwich
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coupedummy Offline OP
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Need to convince the woman..and get some work.. France sounds good though


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Re: house buying-chains how does it work [Re: coupedummy] #1557413
10/12/2015 22:39
10/12/2015 22:39
Joined: Mar 2007
Posts: 16,837
Auld Reekie
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Try and avoid mortgaging yourself to the hilt, you never know what nasty money-grabbing gremlin is around the corner.


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Re: house buying-chains how does it work [Re: coupedummy] #1557416
10/12/2015 22:55
10/12/2015 22:55
Joined: Oct 2008
Posts: 6,783
In the coupe.
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Originally Posted By: coupedummy
Need to convince the woman..and get some work.. France sounds good though







Rural France is not for everyone. But plenty of young Brits making a go of it round here.
Good Brit plumbers are needed though.


Last edited by magooagain; 10/12/2015 22:55.


Re: house buying-chains how does it work [Re: coupedummy] #1558727
01/01/2016 03:21
01/01/2016 03:21
Joined: Sep 2006
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west bromwich
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coupedummy Offline OP
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So which online estate agents have you guys used? Be good to get some honest feedback.


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Re: house buying-chains how does it work [Re: coupedummy] #1561136
22/01/2016 21:12
22/01/2016 21:12
Joined: Sep 2006
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west bromwich
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Ok, if anyone still reading. The house has been on the market since Monday and we have an open day tommorow.

7 viewings booked! We shall see.

Went with Purplebricks in the end. Estate agent has been great so far, everything said has been completed quickly and efficiently.

See what tommorow brings...


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Re: house buying-chains how does it work [Re: coupedummy] #1561138
22/01/2016 21:39
22/01/2016 21:39
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Good luck for tomorrow, I hope it's a quick stress free sale thumb

Re: house buying-chains how does it work [Re: coupedummy] #1561152
22/01/2016 22:54
22/01/2016 22:54
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Best of luck. It's a bit of a game, guessing what people are thinking! Often the ones that appear unimpressed with your house are more likely to come back than the ones who seem to love everything.
I hope you get a couple of people genuinely interested - helps them offer more if they know they could lose it!

Re: house buying-chains how does it work [Re: coupedummy] #1561164
23/01/2016 00:17
23/01/2016 00:17
Joined: Aug 2006
Posts: 2,196
Banbury, Oxfordshire
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Good luck with it.

Re: house buying-chains how does it work [Re: coupedummy] #1561168
23/01/2016 00:50
23/01/2016 00:50
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Good luck with the sale!

Re: house buying-chains how does it work [Re: Jim_Clennell] #1561189
23/01/2016 11:04
23/01/2016 11:04
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west bromwich
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Originally Posted By: Jim_Clennell
Best of luck. It's a bit of a game, guessing what people are thinking! Often the ones that appear unimpressed with your house are more likely to come back than the ones who seem to love everything.
I hope you get a couple of people genuinely interested - helps them offer more if they know they could lose it!


The estate agent said exactly that.

Cheers guys,today is Judgement day. Unfortunately im not there as im working. The Mrs and estate agent are handling this.


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Re: house buying-chains how does it work [Re: coupedummy] #1561194
23/01/2016 12:02
23/01/2016 12:02
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Originally Posted By: coupedummy
Unfortunately im not there as im working. The Mrs and estate agent are handling this.


That's the best place to be today, leave it to the ladies wink

Re: house buying-chains how does it work [Re: coupedummy] #1561195
23/01/2016 12:07
23/01/2016 12:07
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Baking bread and fresh coffee! The fragrances of successful house viewings!

Re: house buying-chains how does it work [Re: coupedummy] #1561225
23/01/2016 19:15
23/01/2016 19:15
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west bromwich
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Ok the crazy people have left. 5 appointments turned up and 2 no shows.
1 feedback from a viewer already. Not quite In the position to buy but feedback about the house left was good for all to see.
Others generally gave nothing away apparently apart from one.
Apparently cash buyer being pushy asking the Mrs what she wants for the house.
Estate agent was great and dealt with it.

We shall see the outcome.

Last edited by coupedummy; 23/01/2016 19:15.

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Re: house buying-chains how does it work [Re: coupedummy] #1561245
23/01/2016 21:33
23/01/2016 21:33
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Sounds like a very decent result as an introduction to the merry-go-round. Let's hope one of the mystery folk comes good!

Re: house buying-chains how does it work [Re: coupedummy] #1561247
23/01/2016 22:21
23/01/2016 22:21
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Sounds promising Reuben, fingers crossed you get a call informing you of a solid offer next week thumb

Re: house buying-chains how does it work [Re: coupedummy] #1561250
23/01/2016 22:44
23/01/2016 22:44
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Exciting times and hope it all turns out rosy very soon!


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Re: house buying-chains how does it work [Re: coupedummy] #1561981
29/01/2016 22:31
29/01/2016 22:31
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west bromwich
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Crazy week. Are house is only on at £109k which may seem crazy to the southerners for a 3 bed semi.
Recieved one offer, 1k less than we were willing to accept.
They weren't in a position to buy but showing intent. There place has to sell first.
We had a viewing on Monday evening. Guy who's buying lives in London. His brother viewed and now made three offers. His last offer we are willing to accept but he needs to proves his credentials as we all ready have a further 5 viewings booked for Sunday.

It is 3k more than we were originally wanted so pretty good but feel alittle insecure that he hasn't seen it himself, just his brother has.

We shall wait and see

Last edited by coupedummy; 29/01/2016 22:32.

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Re: house buying-chains how does it work [Re: coupedummy] #1561984
29/01/2016 23:23
29/01/2016 23:23
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Originally Posted By: coupedummy

We had a viewing on Monday evening. Guy who's buying lives in London. His brother viewed and now made three offers. His last offer we are willing to accept but he needs to proves his credentials as we all ready have a further 5 viewings booked for Sunday.

It is 3k more than we were originally wanted so pretty good but feel alittle insecure that he hasn't seen it himself, just his brother has.

We shall wait and see


It's not measurable in a monetary sense, but there's something to be said for having confidence in the buyer.


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Re: house buying-chains how does it work [Re: coupedummy] #1562179
31/01/2016 16:03
31/01/2016 16:03
Joined: Sep 2006
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west bromwich
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6 viewings today. 5 in the last hour! Wow, craziness!
Original Offer person yet to prove he can buy the house!

So stressful


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Re: house buying-chains how does it work [Re: coupedummy] #1562191
31/01/2016 18:29
31/01/2016 18:29
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Stressful it is, but unless he starts playing sensibly very soon the offerer is a non-starter I'm afraid frown


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Re: house buying-chains how does it work [Re: coupedummy] #1566060
10/03/2016 20:26
10/03/2016 20:26
Joined: Sep 2006
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west bromwich
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Ok, we have progress somewhat from where this all started.. Certainly started speculative.

Our house is sold, we have had an offer on another house accepted and that vendor has had an offer accepted at that end.

A detached house with detached double garage so significantly better.

Paperwork is with all parties solicitors and progressing. Few hiccups. Stitch up from our bank(mortgage) now with a broker.

Lots to go but started getting rid of stuff now.

Long road ahead but in the right direction..


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Re: house buying-chains how does it work [Re: coupedummy] #1566061
10/03/2016 20:28
10/03/2016 20:28
Joined: Oct 2008
Posts: 6,783
In the coupe.
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In the coupe.
Fingers crossed for you both!



Re: house buying-chains how does it work [Re: coupedummy] #1566064
10/03/2016 20:36
10/03/2016 20:36
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Hope it all goes smoothly, Reuben...

Re: house buying-chains how does it work [Re: coupedummy] #1566069
10/03/2016 20:49
10/03/2016 20:49

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Jonny
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Originally Posted By: coupedummy


A detached house with detached double garage so significantly better.



cool Whereabouts is it?

Re: house buying-chains how does it work [Re: coupedummy] #1566074
10/03/2016 21:25
10/03/2016 21:25
Joined: Mar 2007
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Good luck, keep calm and a sense of perspective - at least you're not pregnant !


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Re: house buying-chains how does it work [Re: ] #1566088
10/03/2016 22:12
10/03/2016 22:12
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west bromwich
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coupedummy Offline OP
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Originally Posted By: Jonny
Originally Posted By: coupedummy


A detached house with detached double garage so significantly better.



cool Whereabouts is it?


Closer to you mate, old hill.


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Re: house buying-chains how does it work [Re: coupedummy] #1566089
10/03/2016 22:14
10/03/2016 22:14
Joined: Sep 2006
Posts: 8,960
west bromwich
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coupedummy Offline OP
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Cheers guys... Double garage is cool. If the cinq goes in sideways in the garage I may have space for another little motor in front..


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