Author Topic: Is the house market moving again?  (Read 7508 times)

doganjo

  • Joined Aug 2012
  • Clackmannanshire
  • Qui? Moi?
Is the house market moving again?
« on: June 08, 2013, 12:29:45 pm »
I have seen signs of it.  Two houses along the road from me have only had their signs up for about 6 weeks.  One right at the end of the village is lovely, I'd have liked it -  was on for £240K I think.  The other was a semi bungalow, on the main road, looked in nice condition from outside. Don't know what it's price was.

Two friends in England have also just sold theirs = one was on for a year and suddenly she has got her asking price from a family that saw it six months ago.  The other one was put on a different website and they got an offer the next day, unseen, signed sealed and delivered.
Always have been, always will be, a WYSIWYG - black is black, white is white - no grey in my life! But I'm mellowing in my old age

Bionic

  • Joined Dec 2010
  • Talley, Carmarthenshire
Re: Is the house market moving again?
« Reply #1 on: June 08, 2013, 12:34:01 pm »
Annie, I think it may be on the move again although there are some definite regional differences.
I too have a friend who has had hers on the market for a year. She found a buyer a few weeks ago and it was all going through but the buyer had to drop out. She put it straight back on the market and the estate agent found another buyer just 10 minutes later.  :fc:  all goes well this time for her
Life is like a bowl of cherries, mostly yummy but some dodgy bits

happygolucky

  • Joined Jan 2012
Re: Is the house market moving again?
« Reply #2 on: June 08, 2013, 01:18:40 pm »
We have had offers, but they all fell through, although one couple are still thinking about it and I just saw them ride by on their cycles......ALL the properties we love have sold very quickly but they are in the low price bracket....although saying that, some we looked at that were actualy nice but not our thing are still for sale and they are good prices as well.......I think things are picking up, we have only lost out prospective buyers as the house poses too much to look after, the price we were offered from 3 seperate people was fine and a good offer, they just happened to find some other property!!
Big old houses take big load of money!!
Belive me, I keep a  keen eye on loads of properties and any good area goes like poo off a shuvel, Rosemary highlighted a few for me.,....the ones I love went  but it IS picking up!!

happygolucky

  • Joined Jan 2012
Re: Is the house market moving again?
« Reply #3 on: June 08, 2013, 01:29:22 pm »
I must add,  before we moved  here 6 years ago, we lost 4 offeres and had over 40 viewings and over a year to sell, that was a cheap house in a posh area, Woodhouse Eaves, so very popular.....its just about choice, and of course location,  in a beauty competition with loads of pretty old women in, I would stand no chance, but if there were only 2 and the other one not so good looking....at least I would have a slim chance and worst, come second..up to now we have come second in our selling stakes, the first person went back off to S Africa to live with his girlfriend, the second bought a house in Dunfirmline, the others I have no idea but the latest couple have not said a yes or a no just yet!!

Lesley Silvester

  • Joined Sep 2011
  • Telford
Re: Is the house market moving again?
« Reply #4 on: June 08, 2013, 01:31:23 pm »
I heard that the Halifax reckons that the market is picking up and that more people are risking getting mortgages. I hope so. My daughter has been trying to sell her first time buyer type hoe for ages and it's in beautiful condition.

http://www.bbc.co.uk/news/business-22607378 gives figures.

doganjo

  • Joined Aug 2012
  • Clackmannanshire
  • Qui? Moi?
Re: Is the house market moving again?
« Reply #5 on: June 08, 2013, 03:18:32 pm »
We have had offers, but they all fell through,
Since written offers are binding in Scotland, it's very sad that you have been let down by people making verbal offers they can't follow through on. 
Always have been, always will be, a WYSIWYG - black is black, white is white - no grey in my life! But I'm mellowing in my old age

john and helen

  • Joined Mar 2013
  • Devon
  • WARNING,,,MAY SAY WHAT HE BELIEVES
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Re: Is the house market moving again?
« Reply #6 on: June 08, 2013, 04:02:31 pm »
we have put a house on the market today..it goes live on wednesday (photo's)  one sold around the corner in the 1st viewing...estate agent told me he has two people interested already  :fc:

happygolucky

  • Joined Jan 2012
Re: Is the house market moving again?
« Reply #7 on: June 08, 2013, 04:10:18 pm »
Offers are only binding when it is accepted and then papers signed, even then people can pull out, even in the Scottish system if they have no money for whatever reason, the sale cannot go through.....I have seen a lot of houses come back on the market that were under offer, It could be due to further suvey finding stuff or not being able to get funds for the property...the Suvey done is not sufficiant for some home buyers as they do not go into any unacessable space like roofs or voids, if people are going to  borrow a lump of money, then they need to be careful as banks are not handing out money like they  used to, problems that come up are past flooding, roofing, damp, septic tanks, boilers etc etc,  the surveyer will only summise on the state of those things, I have also liked the look of a lot of nice properties near to the Forth but then there has been a lot of press about future flooding, particularly in Kincardine, so houses there are sticking.......no flooding here :innocent: and now our roofs been vented and sorted with gaurentees but not changed our home report as yet...not until we get a firm offer!!

happygolucky

  • Joined Jan 2012
Re: Is the house market moving again?
« Reply #8 on: June 08, 2013, 04:13:52 pm »
John and Helen  :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup: :fc: :fc: :fc:

doganjo

  • Joined Aug 2012
  • Clackmannanshire
  • Qui? Moi?
Re: Is the house market moving again?
« Reply #9 on: June 08, 2013, 05:21:14 pm »
Quote
Offers are only binding when it is accepted and then papers signed, even then people can pull out, even in the Scottish system if they have no money for whatever reason, the sale cannot go through

Partially true  :)

If an offer is accepted, and the sale agreed between lawyers ("Papers" are two letters - one offering, one accepting - although there may be others with qualifications on either side, but the first two complete the contract in Scots Law) and the prospective buyer cannot complete by the entry date , they can be sued for the costs involved in re-advertising and legal costs - I know that is the case, as it happened to my daughter.

So you can either have 'verbal' offers (an offer does not become 'written' till the lawyer sends the letter)  or you can have 'written' ones that may or may not be accepted.  But when accepted in writing they are legally binding.
Always have been, always will be, a WYSIWYG - black is black, white is white - no grey in my life! But I'm mellowing in my old age

lachlanandmarcus

  • Joined Aug 2010
  • Aberdeenshire
Re: Is the house market moving again?
« Reply #10 on: June 08, 2013, 07:20:10 pm »
Quote
Offers are only binding when it is accepted and then papers signed, even then people can pull out, even in the Scottish system if they have no money for whatever reason, the sale cannot go through

Partially true  :)

If an offer is accepted, and the sale agreed between lawyers ("Papers" are two letters - one offering, one accepting - although there may be others with qualifications on either side, but the first two complete the contract in Scots Law) and the prospective buyer cannot complete by the entry date , they can be sued for the costs involved in re-advertising and legal costs - I know that is the case, as it happened to my daughter.

So you can either have 'verbal' offers (an offer does not become 'written' till the lawyer sends the letter)  or you can have 'written' ones that may or may not be accepted.  But when accepted in writing they are legally binding.


True. Although you can insert clauses in that accepted set of docs which have conditions in them, failure of which does enable you to pull out without penalty...we had that situation/ did that. We did go on to buy it.

john and helen

  • Joined Mar 2013
  • Devon
  • WARNING,,,MAY SAY WHAT HE BELIEVES
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Re: Is the house market moving again?
« Reply #11 on: June 08, 2013, 07:33:02 pm »
John and Helen  :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup: :fc: :fc: :fc:

Thanks HGL ... lets see how it goes....  :fc:

happygolucky

  • Joined Jan 2012
Re: Is the house market moving again?
« Reply #12 on: June 08, 2013, 07:53:12 pm »
And we did not accept any of the offers,  but  offers are often "subject to contract" the contract could mean all sorts of conditions.
We   made an offer "subject to us selling our house"
Houses under offer can and do fall through due to variouse conditions etc often due to survey.
Houses are often  under offer subject to contract and not sold until contracts between both parties are signed....maybe you are thinking after the contracts are signed Anne.....
 
« Last Edit: June 08, 2013, 07:59:49 pm by happygolucky »

Rosemary

  • Joined Oct 2007
  • Barry, Angus, Scotland
    • The Accidental Smallholder
Re: Is the house market moving again?
« Reply #13 on: June 08, 2013, 07:59:19 pm »
We were the same as you, happygolucky - got an offer, accepted it then they withdrew. I suppose we could have sued but it wasn't worth the bother  :)

happygolucky

  • Joined Jan 2012
Re: Is the house market moving again?
« Reply #14 on: June 08, 2013, 08:01:55 pm »
I do agree that the Scottish system is MUCH MUCH better, I know so many people that have had the removal people in front of the house and the buyer pulls out...at least...fingers crossed, once contracts are signed its pretty straight forward, unless the buyer dies or has no money :innocent:

 

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