12 October 2006

why is buying a new house so slow

The process of buying a house - well according to me !


  • You get your house valued
  • You start internet searches
  • You refine your search as you cant afford the areas you want
  • You contact estate agents and hand your intimate details over and over again to arrange viewings
  • You make many trips and then eventually the agents start to show you houses that match your brief. (Why do they always show you properties just a bit more expensive than you can afford ! )
  • You compromise on your ideals ! Garden, Space, Street, Facilities to meet your budget.
  • You start using words like 'its got potential!'
  • You do your sums, and work out if you can actually afford it!
  • Get a mortagage extension, or a new mortgage - this is worth a rant on its own at some point.
  • PUT an offer in - MILESTONE
  • You wait nervously to see if it is accepted
At this stage your wallet is preparing to start hemeraging cash !


  • You contact the estate agent who valued your property at the highest price
  • You put your own house on the market and WAIT !
  • At this stage you instruct a solicitor
  • You move forward with the mortgage
  • You spend time on the phone with your solictor and keep writing cheques
  • You get your home buyers survey back and it reads like a horror film
  • While someone is doing this to you !
  • You plan all the new things to buy and line up about 6 years worth of future work
  • You tell all your friends that you are going to be moving while it is still no guaranteed
This is as far as I have got as of today.

I am expecting


  • To go through many iterations of paperwork with the solictor, laughing at funny covenaces from 1936 about common ground for the Duke of somewhere can graze their sheep.
  • To have a target date set
  • To exchange contracts
  • To complete
  • To move in
  • To start to furnish the house
Its now 3-5 months later on. You have just moved in and then the conversation starts about where to move to next !

In summary
So, you are paying a lot of money. Stamp duty - how ridiculous is that?! Yet you cant get yourself too involved in the house otherwise rational thought goes out of the window. You have many people working for you - but you cant tell them to hurry up. Your financial and spirtual well being is in the hands of completely strangers in a call centre. Why do we do it??

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