In effect it stops the sales agent from arranging further viewing. Things work very differently in Scotland though.
Ah its Scotland yes they have different rules which seem to work well . House selling in England Is a nightmare , if buyer pulls out the seller ends up paying the solicitor for the paperwork
I think it all depends on the selling agent. If they believe you or not that you actually want to buy. So many wanting to view are just being nosey about other peoples houses they make a viewing booking without the slightest interest of buying.
when we were selling the kennels we had about the absolute worst so called potential buyer you donāt want to come across
Him and his wife turned up on an appointment,trying to keep it as short as possibe, and then said yes he wanted it in part exchange for his parents house he didnāt even own. Apart from that house being only half the value of our kennels we didnāt want to move to that area anyway. So gave him a blunt no
He came back several times and even had the cheek to as us to applying for planning permission (at our cost) for buildings he wanted to put up after he bought the place.
He was getting a right pain in the neck wanting to measure up for curtains in our bungalow etc He thought if he pressured us enough we would drop the price. He kept turning up after we had closed and saw him doing his best to get our attention(watched on security cameras)
Well it got even worse up to dealing with solicitors and agent etc. Yes much worse. after all the legal arrangement time to exchange contracts OR SO WE THOUGHT.
We were at or solicitors and he didnāt turn up at his. The agent tried as well as his solicitor to get hold of him and he did a ārunnerā.
We later found out he could not even raise enough money for a deposit
Also later on we heard that he was going or actually attempted to do the same with my pals boarding kennels. His job? prison warden,
we lost several potential clients because of him we withdrew the kennels off the market in good faith.
I think the law should change that once a buyer has said" yes " they must put down a 5 percent non returnable holding fee deductable on completion. This would sort out those truly intending to buy for the ar*eholds being a damn nuisance
@ realspeed,. Quite right RS, l think you were very patient with him ??
Donkeyman!
Gaz needs stopping, all this Humping.
We actually offered a Ā£1,000 deposit to ensure no more viewings or offers (potential gazumping) made. The agent phoned the vendors and they agreed.
Some vendors ask for no-refundable deposits to prevent time-wasters.
I do not agree with any policy that reduces the councilās/housing associstion housing stock.
Now that said, all of my rental properties were originally owned under the right-to-buy scheme at some stage and then fell into disrepair + arears with mortgage. Those with council houses should stay as tenants because they do not understand the ongoing maintenance costs involved being an owner occupier. Nearly all become involved in DIY bodgery that eventually cause major failures, so banks usually auction the defaulterās properties off and thatās where affordable purchases are found to be put right and then rented out
I have to say LD i donāt know a single person who has done that . Everyone I who I know who has bought their council houses have made them into very nice homes and sold them at a good profit .
When my very elderly Mum could not cope at home and was having repeated falls she went into care as I did not have a spare bedroom for her and she could not manage my stairs.
We had to sell her house to pay her care home fees. It was ex LA as I said earlier. I had 3 estate agents out to value it. They all came in at a similar price. Her house had the biggest garden up their road and was south facing with distant sea views from upstairs. I thought the price was too low so I asked the chosen agent to market it for a price which was about Ā£30,000 more than he suggested. he said āyou will never get that.ā I told him to try as we werenāt in too much hurry. I also got him to agree a fixed fee rather than a percentage.
We ended up having people fighting over it so it went to sealed bids and we got Ā£40,000 more than he said we would get. He could hardly bear to look at me when the sale went through because they lost a lot on fees which I thought was very childish. I donāt reckon much to Estate Agents.
I should add that there was a restriction on her house, as on all other ex LA houses around here. They can only be sold to people who have lived or worked here for 3 years which I think is fair enough. I do wonder what we might have got if outsiders bought it.
Some do make good homes, those with the cash or backing to do so, but others flounder to let otherās pick up the pieces. If keen eyed buyers like me and my family did not buy up and renovate, then the houses would became so dilapidated they would have to be pulled down.
There is a TV programme Homes Under The Hammer where many examples have been sold off to cash buyers and then renovated to be rented out or sold off again in good condition. My family do not sell onwards and opt to rent out (controlled rents) to those who can afford to rent fully restored housing. To sell onwards is IMO reducing the rental market stock and creating high rents beyond the tenant seeking something within their budget. I also think that councils should put a clause in the original sale that the council must be offered the property before the financer repossesses the house/flat to auction off.
Yep, a lick of paint renovation, then let it out to the unfortunates.
LD as a landlord can I ask about this new law or ruling thatās coming in .
Iāve seen a lot of adverts from families who have been given notice to leave after years of living in the same rented accommodation. The tenants say the landlord is selling the house. Are you aware of this and why has it made renters feel unsafe ?
Do you have a link to this Susan?
Google section 21 Muddy.
This has been the case for years Susan it works both ways the tenant can also give notice after four months residency .
Yep, nowt wrong with the legislation, just how the unprincipled apply it.
This will not impinge on any of my tenants as all of the properties are tied into my familyās holding with the express written-in instructions that none are to be sold and only to be rented to suitably vetted tenants with a grantor (lease wise) to ensure prompt and exact rent payments. After an initial 6 months of trouble-free renting, each tenant then has the option to renew the lease for another 12 months. A tenant can only be issued with instructions to quit before lease has expired if terms of their lease have been broken by the tenant.
That happened to my neighbours of 10 years. The young couple and their young children were evicted to make way for a wealthy foreigners willing to pay a higher rent.
I simply donāt understand why local authorities or government funded/supported housing associations seem to be EXPECTED to provide housing. Government is supposed to govern, not to be a landlord.