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Are you moving house?

(284 Posts)
tanith Sun 02-Feb-25 07:41:04

Finally I’m starting on moving house just wonder if anyone else is doing the the same and want to share the journey with me? I’m in mid 70s and it’s tough making every scary decision alone.
I’ve struggled for months with this decision but now I need to get on with it. Join me for support.

Allira Fri 14-Feb-25 22:32:04

Norah

Smileless2012

That's right Oopsadaisy, you're only a cash buyer if you have the money to complete a purchase without having to sell a property and/or obtain a mortgage.

Correct.

It seems that EA may reference people as cash buyers if they will have the money after selling, fixing, completing their house sale - not on an offer to purchase, just as something the EA keeps in mind.

We had a cash buyer for our last house. The offer was less than that of another couple who had made an offer but had not sold their own property.
We needed to move quickly so accepted the cash offer and found somewhere to rent while we house hunted in the new area.

Allira Fri 14-Feb-25 22:28:48

Sago

Dolly17

Hi, I've just decided to move house this week. I own a modest 2 bed semi in a low value but reasonably popular area, so I think to move to my area of preference I'm looking at flats/appts. I have found a small ground floor 2 bed appt, with garden, near to the area I like and am itching to put in an offer as soon as mine is on the market.

My 2 grown up sons are urging caution, both feel nostalgic at my selling their childhood home, but want me to slow down and look at other properties. I know they will support me whatever I decide, but it's unsettled me.

At 62, am I too young to move I to what they call a "granny" flat? Luckily I don't have any health issues but who knows what the future holds? I like the idea of living on one level, with easy access to bathroom should I need it. Anyone else bought quickly after looking at one property? Any advice, regrets etc?

Dolly Unless you have the funds available without selling you really can’t make an offer until you have an offer yourself.

You can make an offer but other potential buyers may be in a better position and obviously would take preference over you.

Norah Fri 14-Feb-25 21:29:20

Smileless2012

That's right Oopsadaisy, you're only a cash buyer if you have the money to complete a purchase without having to sell a property and/or obtain a mortgage.

Correct.

It seems that EA may reference people as cash buyers if they will have the money after selling, fixing, completing their house sale - not on an offer to purchase, just as something the EA keeps in mind.

tanith Fri 14-Feb-25 16:04:23

Dolly I think pascal is right it’s a good age to make new friends etc. I was talking to a lady dog walker I’m friendly with just this morning about my house move, she lost her husband recently and her daughter is trying to persuade her to move when she does but she says she’s too scared a bit like you but she is taking encouragement from our chats. It’s taken me 2+ yrs to get to the point of actually doing it.
There is lots of good advice and encouragement here.

pascal30 Fri 14-Feb-25 13:40:05

Dolly, I moved across country at your age.. If you do it methodically it is possible.. I would get three Estate Agent valuations.. Then go with the one you feel you can trust. I personally don't go with the big ones.. Then wait til you get an offer from a sound buyer..
You can be looking on Rightmove.. I would also let the Estate Agents who are selling the flat you like know that you like it. They can keep you apprised if it falls through or of another one.. Very good luck

Dolly17 Fri 14-Feb-25 13:26:12

Thanks, yes realistically the flat I've seen will be snapped up before I'm ready to make an offer. I haven't moved house for nearly 38 years and the whole process scares me if I'm honest.

pascal30 Fri 14-Feb-25 12:36:44

Hi Dolly, I think 62 is a really good age to move as it gives you time to develop a good social life which is critical for when you get older.
If you have seen somewhere you feel you could move to, in an area you like then don't be influenced by your children's sentimentality..
But as others have said you need to have an offer on your own house before you can make an offer on another property, so this one might not be a real possibility.. But you have seen the potential if this one isn't still available.. Go for it if you want a single level apartment.. there will be others..

Sago Fri 14-Feb-25 11:34:38

Dolly17

Hi, I've just decided to move house this week. I own a modest 2 bed semi in a low value but reasonably popular area, so I think to move to my area of preference I'm looking at flats/appts. I have found a small ground floor 2 bed appt, with garden, near to the area I like and am itching to put in an offer as soon as mine is on the market.

My 2 grown up sons are urging caution, both feel nostalgic at my selling their childhood home, but want me to slow down and look at other properties. I know they will support me whatever I decide, but it's unsettled me.

At 62, am I too young to move I to what they call a "granny" flat? Luckily I don't have any health issues but who knows what the future holds? I like the idea of living on one level, with easy access to bathroom should I need it. Anyone else bought quickly after looking at one property? Any advice, regrets etc?

Dolly Unless you have the funds available without selling you really can’t make an offer until you have an offer yourself.

Dolly17 Fri 14-Feb-25 11:29:06

Hi, I've just decided to move house this week. I own a modest 2 bed semi in a low value but reasonably popular area, so I think to move to my area of preference I'm looking at flats/appts. I have found a small ground floor 2 bed appt, with garden, near to the area I like and am itching to put in an offer as soon as mine is on the market.

My 2 grown up sons are urging caution, both feel nostalgic at my selling their childhood home, but want me to slow down and look at other properties. I know they will support me whatever I decide, but it's unsettled me.

At 62, am I too young to move I to what they call a "granny" flat? Luckily I don't have any health issues but who knows what the future holds? I like the idea of living on one level, with easy access to bathroom should I need it. Anyone else bought quickly after looking at one property? Any advice, regrets etc?

Franbern Fri 14-Feb-25 09:15:00

About 30 minutes is ample. Daft, really - the largest and probably the most important purchase we will ever make and we allow half an hour for it originally!!!!

In some cases, you will know as you walk in the front door. something says, this IS /IS NOT my future home. Take no notice of current decorative state, you will probably want to do it up yourself once living there.

We are told that kitchens and bathrooms sell a property. True that complete renovations of these rooms costs tens of thousands of pounds, so unless, you are going in with funds for such work, ensure you can live with what is there.
Looks at general condition inside. Yes, most people tend to tidy up and even hide a lot of things for viewings, but if a property is badly kept decoratively, then it could maybe indicate that current home owners have also been rather lacksadaisical with important upkeep.

You seem to have any area in mind, make sure you know where things like, shops, buses, trains, etc etc are. Can you and visitors park easily,

Moving when you are older should also mean looking at 'future proofing' = is there a downstairs toilet, are there steps to get to front door, or even inside property. Is there room to move such things as a wheelchair inside the houses?

tanith Fri 14-Feb-25 07:38:43

I’m making appointments for viewings next week seems like a daft question but how long should I allow for a viewing I was thinking 30 minutes? Don’t want to keep people waiting the houses are all within walking distance. Thanks for answering my small worries it helps calm me ☺️

M0nica Thu 13-Feb-25 15:24:56

My definiton is not a loose definition. It is a definition that is key in the particular case. We are not hiding that we have a house to sell, but the house we want will be hard to mortgage because of the condition it is in, which could cause a problem if a buyer is accepted who needs a mortgage to buy it, as they may well have difficulty getting one.

When/if we buy the house we will not need a mortgage to buy it, as we will be paying cash for it, no problems over obtaining a mortgage.

There is not just one definition of a cash buyer. There are several that are specific to particular circumstances.

Barleyfields Thu 13-Feb-25 09:47:51

Your EA really should not have taken their word Sago, he should have asked to see evidence that the cash was in the bank. That would have flushed them out immediately their offer was made.

SilverBrook Thu 13-Feb-25 09:12:10

Possibly not wilful liars, just using the loose definition of what a cash buyer is. Perhaps before accepting an offer from a cash buyer, the latter needs to show evidence that they already have the money deposited in the bank.

The other side of the coin is the “no onward chain” description for probate sales. Maybe there isn’t but that doesn’t mean that probate has been granted - which can take a very long time - and a sale cannot be completed until it has.

Sago Thu 13-Feb-25 08:46:10

BUYERS ARE LIARS!

Our “cash” buyers have still a sale in progress, they told our agent they were proceed able as cash buyers.

Our solicitor has discovered this is not the case, they are now stalling and we will possibly miss the stamp duty deadline plus I have started packing so we could be living for weeks surrounded by packing boxes.

I am so upset, we have bought, sold and moved 13 times, the system in the UK needs to be improved.

SilverBrook Thu 13-Feb-25 08:31:21

You are correct, Tanith. M0nica’s is the the loose definition of a cash buyer.

A cash buyer is someone who can finance their purchase without a mortgage or selling their own home .

Technically, to be a cash buyer, you must have enough money available to buy the property at the time you make the offer. For example, you may have already completed on the sale of a former home, have the proceeds in the bank and be renting in order to be able to act quickly in a fast-moving market.

Sometimes people do use the term more loosely, for example, to describe someone who does not need a mortgage. However, that buyer may still need the sale proceeds from their own home, or another property, to proceed.

While someone who doesn't need a mortgage may have an advantage over someone who does, if the purchase of a property is dependent on the sale of their own property, and that falls through then they are back to square one, just like everybody else.

We only need think of the auction market where a succesful bidder must have the cash to complete within a very short time frame.

Grammaretto Thu 13-Feb-25 08:25:29

I viewed a house yesterday which was attractive in many ways. Ticked a lot of boxes. However I probably shouldn't even be looking until I have a definite buyer for mine or even the money in the bank.
The vendor seems keen to sell and is moving to a new build.

I admire your bravery M0nica in taking on another doer upper!

tanith Thu 13-Feb-25 07:26:19

MOnica I am in exactly the same position my house sale will fully fund the new house I don’t need a mortgage. I am not a cash buyer as I don’t have the full cost in cash in my bank. I’ve clarified this with my agent and online.

M0nica Wed 12-Feb-25 23:15:51

Smileless2012

That's right Oopsadaisy, you're only a cash buyer if you have the money to complete a purchase without having to sell a property and/or obtain a mortgage.

In our case, even though our planned purchase is dependent on us selling a house, we will be cash buyers because we will not need a mortgage to buy the house we have our eye on.

The house concerned is not in good condition and anyone wanting a mortgage on it, or a substantial mortgage may well have difficulty getting it or have substantial withholds until certain work is done. As a potential buyer not requiring a mortgage, in other words, buying with cash only, we are attractive to the seller, and it is a point in our favour.

tanith Wed 12-Feb-25 15:22:02

Thanks midgey and Barleyfields I noticed that too so even more to add to my costs.

Barleyfields Wed 12-Feb-25 14:35:57

And stamp duty goes up in April, thanks Reeves …

midgey Wed 12-Feb-25 14:20:40

Good luck Tanith, I’m sure you will succeed now you have made your mind up!

tanith Wed 12-Feb-25 14:07:41

Thank you for such good info. I’d forgotten about stamp duty till the other that’s a whacking big chunk to add to costs luckily my agents halved their fee so that’s a bit saved. One house I like is chain free which would be good but of course that won’t be in every instance. I’m going at snails pace.

Franbern Wed 12-Feb-25 13:31:56

Tanith wen I read your post about your daughter and g.daughter near to you, at present, in London whom you will be leaving - it could have been me making that post back in 2019. OF course, that g.daughter whom I was so close to and helped with the earlier years as Mum was and is a single parent with a very demanding career, Would have made little difference as g.daughter went off to East Anglia to University in 2021, and is now settled there with partner and a job - so even if I had stayed in London would not see her much.

I no longer drive, but have found trains are a marvellous, nearly stress-free (mostly), way of travelling, and have long weekends at my daughters three or four times a year.

The reasons I say to let agents do first viewing, is that I started off doing all my own, reasons as others gave felt I could give any additional information required. However, found people did not keep to time, found myself trying to juggle two different groups viewing at the same time, although booked with a good hour between them. Then there were the ones that arrived 'mob handed' Young couple plus both sets of parents ( one of the Mums staying with me, whilst
to others wandered around the house, she trying to get me knock a considerable sum of the price!!! I felt under siege!!!!

Also were the viewers, loudly criticising everything about the house goodness knew why they were viewing, details were all clearly displayed by Estate Agents brochure), area wrong, rooms wrong shape/size, garden not big enough, decorations (all mine) all wrong, etc.etc very demoralising,.

Do wait until you have a firm offer starting (at snails pace) to proceed with your Solicitor before you start the process of viewings and making offers. However, it is important for you to have some knowledge of the prices of properties you hope to purchase, where you want to purchase, so that you can know if what sort of offer on yours you can accept

Note don't forget to allow money for estate agents fee, solicitors fee both selling and buying, removal expenses, plus some more towards the general cost of moving home. Also, most people who move will tell you that money just seems to be spend, spend, spend, that first couple of years. You think you have bought a property 'you can just move into'. then when you do...........you find out you need to re-do the kitchen, bathroom, carpets, etc.etc. I am now into my sixth year here and this is the first of those years that there is not something that I need to have had done

Once you have accepted an offer, and had your own one accepted, be prepared to keep nagging at the Solicitors. They were very slow back in 2019, they are far worse now, often with no=one in the office some days. The files of those people who do NOT nag, will be the ones at the bottom, taking the longest. So be prepared to keep chasing them up. Help this by making sure, before you even start that as much as possible you have information and certificates ready for them.#
All and any work you have had done on your existing home, from new kitchens, etc to new windows, swept chimneys, roof or brick work, anything to do with plumbing and/or electricity sor any building work, should have relevant paper work and certification, even that annual check-up on the boiler. Pass these all over to the Solicitors, (Having taken photocopies for yourself).

Find out how many people are in your chain, the less the better. Try, as soon as possible, to get some sort of agreements amongst you all for a final removal date. Be prepared for those really lovely would-be purchasers of your home, to let you down without good reason several months further down the line.

During that time continue with regular de-cluttering, and more de-cluttering.

If you are moving to ablock of flats can be useful if you can contact their Residents Committee, and introduce yourself. One in-comer here did that with me, and together, over the phone, we sorted out several queries which had already been with his solicitors unanswered for a couple of months - thereby speeding up the process.

M0nica Tue 11-Feb-25 20:34:22

madeleine45 almost everything you mention can be done so much more easily online these days. All houses for sale in an area are on Rightmove and our experience is that nowadays people look there and then contact the estate agent wanting to view. They rarely ask the agent what else they have that might meet their criteria

The other thing is to do the important recce work before you even start looking at houses. We spent quite some time online looking up all the towns in our area of interest, checking where doctors surgeries were, hospitals, dentists, supermarkets, activities we could join.

We then spent several days driving round the area. Doing all that enabled us to focus our house search on only two towns in quite a wide area, and we are only looking at houses in those two towns.

We use google maps and street view to look at the area round every house that interests us -and a lot get rejected immediately because of the area round them - again this can be done at home

Many local papers have folded these days, but almost every community has a Facebook page, some times several, and these are excellent for on the ground info about a community and how it works. I also googled all my activities to find out if I could do them conveniently at our chosen location.

I have spread sheets with all decorating details and the year it was done. So much simpler than carrying notebooks around.