Owning your own home

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  • It'll be extended.

  • Hearing rumours of some parties insisting on simultaneous exchange and completion. Anyone who has bought/sold recently or know someone who has care to share their experience of this being a thing? If so, what are the pros/cons?

  • I've heard of it. I don't know how you can make it work unless the property is empty, all the way down the chain if relevant.

  • I can only imagine it requires a certain amount of trust along the chain. That and you would need some sort of pre-exchange agreement a week or so out to allow for booking removals.

    One reason for it I read was to avoid the risk of any party getting ill with Covid in the intervening period. But then that could happen just before a simultaneous exchange/completion anyway.

    We are reasonably lucky in that our buyer is a FTB in a rolling rental, and our vendors are moving in with family/have probably already moved. In fact, we are pretty friendly with the vendors and were hoping to chance our arm to get in a couple of days early to start moving stuff and doing things like ripping up the exposed carpet grippers so mini_com can actually walk about without getting impaled immediately.

    Selfishly, having a kid has helped grease some of the more stubborn wheels in this process. The "please, my child, she very sick" type emails seem to illicit a more human response from the paperwork droids than yelling.

  • Note: she's not sick, and I have never pretended otherwise.

  • @stevo_com composing his next email....

    "please, my child, she very sick"

  • If it gets a response, I'm not averse to much

  • I was at the "top" of the chain (kind of, the ones buying mine were the children of the people below me in the chain so the I was top of the money chain but separate in the moving in/out chain).

    Someone further down the chain had some covid clause to allow a delay to completion so the solicitors for my buyer wanted a simultaneous exchange/completion to avoid the risk of completion further down the chain not happening.

    We said no as you've got a total lack of certainty about moving until you have to move.

    In the end we exchanged when the rest of the chain completed and completed a few weeks after.

  • Got 5 forms/contracts through this morning to sign (but not yet date). Promising.

    Cannot digitally sign. Nip out to Sainos to get some printer paper. Get back, low toner.

    #rage

  • Id say about 10k and thats getting decent stuff too.

  • Selfishly, having a kid has helped grease some of the more stubborn wheels in this process. The "please, my child, she very sick" type emails seem to illicit a more human response from the paperwork droids than yelling.

    Did this too when our purchase was getting bum-clenchingly close to our due-date and were planning on a home birth. no regrets...apart from not thoroughly testing the boiler before trying to fill a huge birthing pool :/

  • I mean, I don't know how more thoroughly you could consider it tested after that.

  • That roof light! Amazing.

  • Did you ever get ill?
    4 days I shared a kitchen with him. Ill.

  • I think it was cycling with me that made you ill.
    You know, just pushing yourself just slightly more than you can manage. Over a few days it just got too much for you.

  • I'll wait to hear if @Señor_Bear bear suffered similarly being pushed by your epic cycling.

  • Well at least there it's comparing apples with apples.

  • Again, I'll wait to hear back. We can compare kitchen mess details.

  • Cool.

    In other news our latest condundrum is what to do about the telly.

    We can either fit a 32" in the alcove shelving that's being made by our chippy, or we can have a larger TV (probs a 49") above the fireplace.

    I don't like the fireplace idea but 32" feels a bit small these days.

  • I think it's partly dependent on shape of the room/how far away you're sitting (and how good your eyesight is!)

  • I mean, I don't know how more thoroughly you could consider it tested after that.

    Haha, well it packed up 30mins into filling the pool. That was a looooong evening...

  • Maybe don't tell your partner that that's your one memory from the event.

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Owning your own home

Posted by Avatar for Hobo @Hobo

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