Owning your own home

His and his wife's wages

No way an estate agent is paying a photographer £400 to shoot a house, they are the cheapest cunts going.

My estate agent actually called me this morning and said he's making a loss on selling my house now due to the adjustments and time it's taken. He laid on a massive guilt trip.

Sounds like a win. Tell him to deal with it!

Weird sense of entitlement to make profit there.

Some you win, the others you...win?

Weird sense of entitlement to make profit there

"My business model sucks and it's YOUR fault"

That's a miserable outcome, sorry to hear that.

I also meant to reply to this too. Awful luck dude and hope it works out better next time for you.

Had an offer accepted on a new place in August. Waited 8 months for the seller to find a house they wanted to buy. Got all excited when they found something last month, paperwork started rolling. Call this morning from the Agent saying that they've decided not to sell and are pulling out. Fan fucking tastic. Can I get 8 months of my life back?

Fuck me that is dreadful.

Offer wasn’t successful. Back to it

If you don't want to give figures then fair dos but how much over the guide/asking did you go?

It was on for offers over 525. We offered 577 and we’re told by the EA that it was really strong and the vendors might cancel viewings. They didn’t (not a surprise) and it went straight to best and final.

This is where I’m a bit flummoxed, as the EA said don’t feel you need up your offer as it’s so strong. So we stuck where we were. Got a call this morning to check size of deposit (10%) and then the news a couple of hours later it was a no.

Absolutely bizarre. You must have your head in your hands thinking what more could I have done.

Unless of course someone offered about the same but had a much larger deposit than you or offered quicker completion terms ?

Fwiw I didn't get my new house straight away. Some utter whopper offered 60k over the guide price, fucked them about, then withdrew after a month. Then I got the call and got it for 5k more than my initial offer.

So you might still get a call about it in due course...

Sorry to hear that, but I am not totally surprised that they were worried about the deposit. At 90% LTV you have so little room to manoeuvre and the likelihood of getting a valuation to come in 10% over asking seems low. If there is bleed-through from the general turmoil in markets atm to mortgage lending those 90%+ LTV products could easily go away in the next few months - it’s ugly out there.

Yeah I mean the ibuying market i interesting - Zillow's main issue seemed to be that they couldn't build the army of contractors they needed to successfully flip houses. Also the just be really good at one thing applies here.

I reckon you could get a virtual assistant to be doing most of the legwork, charge a flat fee and offer a semi-turnkey solution and B/E. You'd have so much data that you'd be able to monetise it brilliantly on the backend. Probably one for the big conveyancing firms but not sure if there is conflict of interest stuff :shrug:

The old boring/sexy matrix applies here

These guys are having a go. Started as a mortgage broker, now own a conveyancing factory and cross-sell moving services. Not sure whether the service is any good though.
https://www.habito.com/home-buying

I think stamp duty kills the iBuying model in the UK?

10% over asking and it was rejected, crazy. If the houses are actually worth that much why aren't they listed at it.

If the houses are actually worth that much why aren't they listed at it

I genuinely think neither sellers or the EAs know what anything is worth anymore, so just put 'offers over' on whatever Zoopla says is the top end of it's value. Then just watch the madness unfold.

Just heard back from the EA and there was a higher offer with a bigger deposit.

I feel a bit better knowing that. We offered the most we were willing to go to and that wasn't enough, so that's fine. If it was just deposit size I'd be worried as we aren't able to increase that hugely in the short term.

People are doing it but it's much more like 'sell your home quick' type angle - and liquidity is often the issue. The companies are nicely profitable though.

Hadn't seen Habito extending their offering - that's interesting.

Our place is back up on the market with a new listing, new photos (which honestly think make the place look smaller than it is), new floorplan and slightly lower price. Already got 1 viewing booked for the weekend so doing better than Strike immediately.
https://www.rightmove.co.uk/properties/121149884

That felt way more homey than the last one, the last one look like a weird rendering for a new build yet to be build.

Time to be alive etc

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Is that the big one or the little one's old place?