Thoughts from Beyond the Pond- Buying Time
I bought a property for the first time in a very long time. Having rented in Bishops Waltham for two years, I decided that this was where I wanted to put down some roots.
This article is not a rant about estate agents or solicitors, all of whom have been most helpful, but in an age where spending money is as easy as a click on a computer and delivery is as easy as opening the front door. Buying somewhere to live is more complex, confusing and frightening.
The last time I felt this helpless, I was nine years old and given a brown paper carrier bag by my mother and told to go and buy sausages at the butcher.
I walked miles to get to the butcher, then had to wait for ages in a queue. Finally, when it was my turn, all I could remember was that my mother said six, so the butcher sold me six pounds of sausages. What my mother eventually did to the butcher and I is not for these pages, but it was loud, painful, and frightening for us. I had no idea what I was doing then, and I had no idea what I was doing when buying somewhere to live.
First, finding a home and realising that every place I thought would be perfect was always just out of my price bracket; the tension between need and want was genuine.
Eventually, I found somewhere and made an offer which went back and forth until it was agreed, and then nothing! There was nothing for me to do but wait anxiously for months while all sorts of things were going on, but goodness knows what they were. I had to read documentation, but here my brain was only registering the start and the end while the mass in the middle it decided was irrelevant, so I ignored it.
The feeling of not being able to be part of the process was disturbing. When making a large purchase, you can read reviews, ask around and try it out before you part with money; even then, you can take it back and have a refund. Unfortunately, buying a home does not work like that.
My story may be somewhat simplistic, showing ignorance of sausages or a flat, but my purchases eventually worked out. Still, over the past year, I have heard so many stories of frustration and heartache from other buyers that it made me realise how lucky I have been.
For example, a couple I know were just about to exchange contracts when to vendor rang them asking for an increase in the purchase price. What made this worse was that they had already exchanged contracts about their place. It sounded little more than blackmail. They refused to bite and told the vendor they would not offer more, fearing they would be homeless. A courageous decision to take, as it turned out very lucky as a new purchase fell into place very quickly and they have been happily in that house for the last 30 years and raised a family.
Others I have heard about have yet to be so lucky; only recently, a couple tried to sell their flat three times, and each has been a failure. So frustrating and upsetting.
So, during my wanderings around the pond, my companions and I have decided that whether we are a seller or a buyer, be it something worth a few pounds or many thousands of pounds, we must not be like that nine-year-old. We must know what we are doing, be fair and compassionate, and understand what we are doing.