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Everything posted by newhere

  1. Thanks for your feedback. However I'd have to disagree with both 2 & 3. After buying my 1st property in my 20s I vowed to take the attitude of 'plenty more fish in the sea' :-D when involved in future house sales
  2. No 2buyornot2buy - you misunderstand I've no intention of paying more than 1%. It's RV is 290k so i intend to pay no more than around the 240k mark
  3. Hi all I'd welcome some feedback on this situation... Viewed a property that's on market right under the 3% stamp duty threshold which also comes in about RV less 15%. We like the property and attempt to put in an initial offer only to be told another party has an offer of the same figure in. Told the EA that was fine we'd match it as we are in a strong position to move ( nothing to sell, large deposit etc). He got really shirty saying " I know what you're doing, you're forcing the other offer to play their hand" and he refused to put our offer to the vendor, after a brief discussion about his role he reluctantly agreed to put the offer to the vendor. After a few days to think we went back to EA instructing him to conctact vendor to establish what would secure the deal. After 4/5 calls asking for feedback and nothing we have finally been told the vendor has been offered 2x 30k under 3x 20k under 1x full asking and one final of 5k over asking ( taking it to 3% stamp duty! = an additional 7k in costs to the buyer). I asked for the EA to drop me an e-mail with those figures as I was on my hands free in the car he refused point blank to do this. It's been left for us to come back with a final offer. My gut is RV less 13% and sit it out. What do others think? Cheers
  4. I'd agree wholeheartedly that most EAs are disinterested. However a more stringent system may mean that the rubbish don't make the grade & so don't get work! However in the last week I've had two very different experiences with EAs. My situation sold 5 bed detached in SE England 18 months ago, cash in bank. Now looking for 3/4 bed in rural mid Ulster with no joy. OH now suggesting moving to his home City south of Lough Neagh and he'll travel to work so we visit local agents... Agent 1: office dirty, he looks a mess, doesn't get up from his desk. We enquire about one property and get the usual he's not seen it, doesn't know how long it's been on market, doesn't know RV, doesn't know sq ft. We might be able to view it but not at a weekend or evening ( even after explaining we live 11/2 away & both work). We enquire about a site with FFP- no plans, no planning ref no. Saying " we wouldn't have that sort of info". Agent 2: no office but excellent website, I make an e-mail enquiry, get text reply within 30 mins, sorry he doesn't have internal photos, explains why with a valid reason, suggest I drive by and take a look, he'll get hold of vendor in mean time, calls back following day asking when I'd like to view but advising vendor v keen to sell close to asking price even at over RV. In my view many EAs fall into the job as wearing the suit looks attractive @ 17. A bit like car sales if they are interested in the product the buyer gets a good service, if not they don't!
  5. Thanks for the tips. Organised a solicitor so feel more reassured. Booked tickets for self build show....I'm sure that will provide me with hundreds of ways to spend money
  6. Thanks for you reassuring and detailed post. The builder would like a £5k holding deposit to be lodged with a solicitor or the EA he uses. He has suggested meeting directly with his architect to discuss our plans as he felt they could be improved ( I do agree) . He also said as the plans were older build regulations have become tighter about insulation etc. We'd already asked who would own the plans - but hadn't got a clear answer, so I'll push that one. My worry was if we couldn't get our plans passed -the only issue condition on outlined was ridge height. Where we would stand. The builder is confident ( as they all are!) that our plans will pass. I'm guessing the £5k is to cover architects fees? Just a little nervous to hand over hard earned cash Thanks again for the advice Anyone else want to chip in their advice go ahead - educate me!
  7. Thanks for that. I've done a credit check on him and he looks ok. General gossip is that he's ridden the recession well as he owned most of the land he's built on - typical family of farmers and he's the son with a trade
  8. Hi all I've posted a few times a while back and now look like to be on the cusp of making the leap to buy. We moved here about two years ago having sold our house in SE England. About 18 months ago we saw a house we liked, liked the builders attitude but the location wasn't quite right. Fast forward to now and the builder has approached us about another plot. It turns out it perfect - near our sons school, near friends, near our jobs, in a village that's perceived locally as affluent and good transport links ( last 2 good in my eyes if we ever need / want to sell). I know the women next door through work and she says the builder was easy to work with and straight. The plot just has had outlined planning approved with the only condition being ridge height. We have the plans to another property ( that builder couldn't proceed to complete and we want to have a small mortgage) that this current builder is confident will be approved. The house is 2600 sq ft on a 1/2 acre site. Other houses in the district have a RV of around £195k ( but with small sites that are overlooked, on newbuild estates etc). The builder wants £190k, or slightly less once the fine detail of kitchen finish etc have been agreed. My question is what happens next? I don't want to go down he self build mortgage route. Sorry to be so green, but my past experience has been find house, make offer, get mortgage, buy! Cheers in advance for any advice R
  9. Thanks for taking the time to reply... its reassuring that you have had a similar experience with EAs Any other info views you gleen over the following weeks passing on would be much appreciated. I'll continue to watch as follow the wise words of some of the posters. Good luck with your search for a house
  10. hello all 1st time posting after a period of lurking and gleening valuable info - so please be kind! After looking for about 6 months to buy after moving here from the SE of England I have 3 questions... 1. Rateable value - if i see a new build /part build how can I realistically assess what the rate-able value will be and therefore to a degree its current 'value' ( yes i know this is a whole can of worms!) but given that my current benchmark is POA or a crazy figure often from 2/3 years ago RV seems to be a start. Im looking in fairly rural areas so I can't compare to the neighbouring properties 2. I'm finding that properties sold by developers increasingly are really being sold by banks - where does this leave me regarding issues like NHBC guarantees? It seems that membership seems to be the 1st thing to go when things get tight for a developer. Having previously owned a house built by a massive developer and needed the help of NHBC to help with an issue, its something I'm mindful off. I've heard of alternative architect guarantees - but are these worth anything? Finally - and sorry if I offend any EA posters... but are EA a bit lax / laid back in NI? Im used to being constantly hassled by EA's to show me property - often either totally not what I want or way out of my price range. Open on a Saturday & Sunday etc. My experience here has been - wait 30 minutes for one to meet me at an appointment and for him to not bring any other details of other things on his books after me asking him to do this. Phone another to be told ' i dont know anything about the house' and lastly visit a property that I show obvious interest in - ask questions that make this obvious - purchase of additional land etc and then after waiting a week for answers I have to call them back. All are aware I'm a cash buyer Thanks in advance for any help - either pointing me to previous posts or gems of info
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