posted 16 Aug 2018 07:25, edited 16 Aug 2018 07:25
Stoney, we’re selling and our first buyers had a survey, then pulled out. Bloke pulled it to pieces and said “he thought our extension didn’t meet building regs”, despite us having the original architecture plans and official building reg docs from back in ‘72. Cost us the sale based on his opinions. When challenged he said “oh I don’t bother looking at those documents”
Surely this isn’t on? Any ombudsman service that folk can complain to? This isn’t just me being pissed at his survey and wanting some kind of revenge, it’s him writing his survey based on opinion despite us having EVERY bit of certification and paperwork to prove his concerns were bullshit.
16 Aug 2018 13:10
Modern regs mean fuck all though, unless your work is modern, right? If that was the case every house in the UK would need rebuilding every time there was a change to the regulations. It looks like it was from a company with only one or two surveyors. As a company they’re not registered with any ombudsman service and after I asked for a copy of their complaints procedure form they hung up on me. Seem a bit cowboy if you ask me.
16 Aug 2018 15:34
You aint fooling anyone hiding behind the moniker 'Tickers', Mr. Franklin.
What a cunt.
16 Aug 2018 15:44
ay? Was genuine question bud don't follow you. Just wondered if was any actuary's or similar on here
17 Aug 2018 09:21
arhh Aretha very good
Since found answer - the % is notional mortgage interest rate they apply to the initial insured amount. So higher % results in a bigger payout throughout the insurance term should worst happen, as a 10% rate on a mortgage would have higher outstanding balance at same point as a 8% rate
I'm here all week
18 Aug 2018 16:52
Speaking of properties. Looking to buy a property in Bath. Found a place that we're keen on but the listing has a guide price. The agent said "we've listed as to what we think is a fair price but strongly recommend that you look to what properties have sold in the nearby area and make an informed decision yourself as to what you think the property is worth".
The property in question was bought for £100k less in 2017 than its current guide price. Apparently it was in a bit of a state when bought, but over the last year the whole place has been renovated to a very high standard and is being sold on by a property developer so there's no chain. We're also first time buyers so it's a bit of a win win.
We're thinking to offer 25k-30k less than the guide price for a couple of reasons. The first is a selfish reason, if we can knock that off the guide price we'd use this money for a loft conversion (extra bedroom plus ensuite). The second reason is, and most importantly, a couple of properties in the next adjacent street have sold for 30k-40k less than this property's guide price a few months ago. One of which has four bedrooms instead of three. Both aren't as nice inside, but both only require a fresh coat of paint and some new flooring laid to get them up to standard.
Bottom line is would we be absolute cunts and no hopers by offering significantly below the guide price? We're not pinning our hopes on the property, but we don't want to taint the relationship we have with the agent and be classed as "piss takers", as there are a couple of other properties they have listed that we'd like to see and maybe make an offer on if this offer isn't accepted.
Worth noting, when we were looking at properties in Bristol, a few of the agents that had properties listed under guide prices said the vendors would be willing to go 30k below guide price.
18 Aug 2018 17:28
Just (hopefully) sold ours in very similar circumstances so this may help. And we put a price on ours not a guide so I think you could be slightly more cheeky…I hate this guide price thing…..estate agent said to us it’s where the seller is chancing for a price more than the estate agents would put it on for.
We got offered 30k less and I didn’t even bother considering it, then 20k less and I went back and said 10k off and we’d have a deal (and this is what we were really aiming for).
Guy then came back and said can we agree on 15k off. He’s a first time buyer so I said yes - I think it’s a good deal for everyone.
I don’t think your price is taking the piss…any interest is good and they’re not gonna hold anything against you.
18 Aug 2018 17:37
Sometimes the listing price is all about maximising the visibility on Rightmove/Zoopla etc. All to do with search parameters.
No matter how high the standard of finish inside, if the others in the area aren’t worth it, your high offer will put the price of the whole street up.
This was our issue 3 years ago.
posted 19 Aug 2018 08:32, edited 19 Aug 2018 08:32
rich we were (are) in a very similar situation. a small developer was selling 6 flats in one building (new build made to look like georgian street). have a look around and estate agent is really quick to say "it's priced quite highly…. you can knock some money off" . ended up getting 10% off the guide price, which was another 5% off what the estate agent was saying the developer would take. definitely seems to be wiggle room when it's being sold by a developer… hopefully exchanging next week - fingers crossed
if you take over 10% off the offer price i think that's generally a bit of a pisstake. unless it's a £1m+ home.. big properties going for less and less now due to stamp
19 Aug 2018 17:17
Anyone suffered with Hallux Rigidus aka stiff big toe? Played football last night with no problems or noticeable impact injury, but I've been in pain since, can barely walk or bend my big toe. Got lots on this next couple days and really can't be fucked if it's long lasting… Does this shit go away?