Owning your own home

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  • Just say you won’t press go on lawyers / surveys until property is off online portals and any other marketing / viewings stop. Beyond getting the MoS done obviously.

    Not much else you can do and if someone makes an offer anyway that’s your problem

  • Thanks mate. That sounds sensible.

  • Ultimately there isn't a way to stop the gazumping.

    But, telling them that you want it off the market and no more viewings will go a decent way to stopping it.

    Obviously they may refuse and then you need to work out how to go on from there.

  • one thing i will say is don’t ask for it to be removed/viewings to stop etc then do fuck all about getting a solicitor, dick about for a few weeks and then go on holiday and not answer emails/phone calls from the agent.
    it tends to fuck people off a bit......

  • #csb

    No seriously that's actually pretty cool. Good on the 8-year-old Lord for being open minded :P

  • mint each leaf in the wood as an NFT

    Well at least you'd know for sure that they were all truly unique...

  • @fly some agents won't take it of the market until you have 'committed' financially (i.e: paid for searches, got mortgage survey and structural survey booked, etc...) the situation changes depending on the property, agent, amount of demand... as weird as it might sound, talk to the agent (some are normalish people) and see what the sellers want (some might want someone that moves quick, others the £££, some will want everything and more). Gazumping is less likely to happen if your position aligns with their priorities and you have the lawyer, surveyor, mortgage, etc ready to go. You can also get insured against it for a £100-200, but that only covers some particular cases

  • Once a house is under offer , EAs are unlikely to lift a finger to try and generate further offers.

  • I wouldn't bother writing that with the offer. Just find out what the priorities for the seller are from EA if you can and then make offer. Then when offer accepted say great, as soon as they confirm it's off market you'll contact your solicitor and get ball rolling.

  • Ha, yeah 80 obvs, and yeah, we were shocked... The road next to it is kinda dangerous too, a bit of a open flat corner, there have been a few vehicles that have ended up in the woods with us...

  • Once a house is under offer , EAs are unlikely to lift a finger to try and generate further offers

    When I sold my last place we accepted an offer slightly below the asking price. The agent offered to leave it up on all the portals and keep mentioning it to buyers in the hope of getting a better gazumping offer - I said no but I can imagine many sellers might consider it.

  • Depends on the seller. Mine was a property developer so was after maximum cash. It was also on with two agents so the agent we didn't make an offer with was desperate to sell it.

  • Thats interesting. I think it is just with one agency, but cannot be totally sure.

    Again, thank you for all the sensible sounding advice. This place really is an amazing community.

  • at risk of sounding obvious each property and situation is different! Take it easy, keep looking and your options open. Avoid getting too fixated on a particular house, there will be another one, probably better and cheaper, some streets away (that happened to us and we couldn't be happier, even though we lost some £ and months in the process)

  • Insane how long it all takes isn't it.

    I'm pleased for you the end is close !

  • FFS. Time to paint over the elephants breath.

    Although corbusier used bright colours so guardian chatting shit again.

  • Thanks for your help again folks. Second offer accepted below asking price! Howay the lads!! Will send some updates as my partner and I go through the process!

  • Congrats!

  • Good luck!

  • Thanks mate!

  • Cheers dude!

  • Congrats!

    Do you have a good solicitor lined up?

  • Thanks golf club thread for directing me here. I also had the woodland idea, for 2.5 reasons:

    • 1: as a glorified camping spot. Ride there in the evening, go to bed, wake up in a nice bit of woodland in the hills, have a coffee and go for a bike ride or hike. Lovely.
    • 2: as a long term storage unit. I have a bunch of crap that I don't need year round (e.g. winter hiking gear, spare bike parts), and if you look up storage prices, they're mental. I'm pretty sure the return on investment on a temporary structure in a bit of woodland would be surprisingly short compared to commercial storage. Same as buying a lockup but cheaper.
    • 2.5: eco crap: rewild it or grow some potatoes or whatever

    The problem is people don't seem to bother to sell small cheap bits of land probably because it's not worth the effort - it's all commercial entities and whatnot. Decided if I wanted to do it my best bet would be to find a local farmer and ask them to sell me a tiny plot directly. Basically gave up on it though

  • Sounds like a plan, apart from the storage (I would consider owning less stuff, otherwise the remote woods cabin will just turn into a suburban box room)

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Owning your own home

Posted by Avatar for Hobo @Hobo

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