Owning your own home

Sell your house, live in a tent, buy a Lamborghini.

My Dad used to work in Saudi (80s to early 90s) and I shit you not, I saw this very thing. The Brits used to drive out to a beach on a weekend and do water-skiing, but you had to go through miles and miles of desert and shanty towns. There were literally tin sheds with brand new Mercs and Rollers parked outside.

Weird.

I thought you wrote Lamington. I would've gone for that if you'd written Lamington.

Question to other sellers out there.... How many viewings are you getting at the moment? I know the market is slow; I've had 4 viewings on my flat in 9 days. No offers. Is there anything I should be doing to encourage the EA along? Was going to give them 2 weeks then start asking them for feedback after every viewing/start asking them to get more viewings.

It's a one bed flat, zone 2/3, first time buyers kind of place.

So I'm purchasing a 1930's semi that appears to be in good condition (to a lamen anyway). It's had a heavy amount of remodelling done this year (load bearing wall removal to open living space) that all looks to have been done to a high standard.

I requested a few quotes to get a building survey done, and I just received a call from one company who advised that I not bother with the building survey but go homebuyer. She said that since it appears to be good nick that the full structural won't add value and since it's non invasive won't really be able to uncover anything more than a homebuyer.

Should I listen to this advice?

Does said company offer full survey or are they only qualified to do homebuyer?

They offer both so I presume they are qualified for both.

Quoting because new page fail...

So I'm purchasing a 1930's semi that appears to be in good condition (to a lamen anyway). It's had a heavy amount of remodelling done this year (load bearing wall removal to open living space) that all looks to have been done to a high standard.

I requested a few quotes to get a building survey done, and I just received a call from one company who advised that I not bother with the building survey but go homebuyer. She said that since it appears to be good nick that the full structural won't add value and since it's non invasive won't really be able to uncover anything more than a homebuyer.

Should I listen to this advice?

hovis I'd be more concerned about getting hold of the building control completion certificates for the work that's been done more recently.

Ok, I'll make a note to the solicitor to make sure they request these. Should they do this as standard?

Haha. Man cave only. I getcha.

who's your EA? are you listed on rightmove? does your EA publish a hard copy (print) brochure and are they spaffing it out to all and sundry?

frankly 4 viewings in 9 days isn't half bad.

I'm in Mcr, so a comparison may not help you, but...

We've been on since the 5th Oct. In the first week we had 11 viewings. 1 person offered over asking price and we accepted. But she then pulled out due to "problems in personal life".

So we went back on the market last week. We've had 3 viewings in a week now. That could be because viewings tend to be more prevalent when first on market, or it could be the slump that often comes as we head in to Nov/Dec.

Personally I ask for feedback from every viewing (i don't pester them, I just ask when they ring me). In terms of encouraging them along, not sure, I would fully expect an EA to turn that back on you and recommend a price drop as the best way to generate more interest.

Put an offer on a place, exciting times.
Currently trying to estimate refurb costs and I'm nudging my budget and I haven't factored in decorating or flooring yet

Don't forget that everything costs twice as much as you think it will.

Full building survey is what, £300 more? Worth it for peace if mind shirley? Ours flagged two issues that we weren't aware of that we'll want to remedy and factor into a revised offer.

go full fat. worse case scenario they flag up something that wants fixing and you use that to whittle the price down accordingly.

Yeah I'm fully prepared to go full flat, just thought it was strange the surveyor said not to bother. I've had a second now say the same thing.

would they have a vested interest in you not doing a full survey?

follow the money!

I think newer builds and places that agents or surveyors know have had recent surveys will say not to bother.

I can't think of a vested interest in why they would want to take less of my money. It's not new, 1930's semi, with a heavy amount of recent work done so it is in good condition, at least cosmetically.

When was it last sold? Did they do the previous survey?

January this year. No idea, I would have thought so.

So, they might just be trying to save you money and them work if they've already done it.

Probably a lower £/hr for them

was that before or after the works were done?

Yeah this. More revenue is not necessarily more profitable. Plus I think they have more liability if they miss something on a full survey.