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  • FIRST POST
    • Mrs Z
    • By Mrs Z 31st Mar 14, 2:28 PM
    • 866Posts
    • 844Thanks
    Mrs Z
    Waiting to exchange - anyone want to join me?
    • #1
    • 31st Mar 14, 2:28 PM
    Waiting to exchange - anyone want to join me? 31st Mar 14 at 2:28 PM
    Well, we have now passed the 'mortgage application' and survey hurdle and searches are all done. As far as I know, our buyers should also have everything in order. We are now waiting for our seller to get to the same point as they found their house a fortnight after accepting the offer from us. It is nerve wrecking... anyone want to join me????!!!
Page 362
    • lcc86
    • By lcc86 12th Oct 16, 12:16 PM
    • 851 Posts
    • 1,775 Thanks
    lcc86
    Argh - how frustrating. How much is this repair going to cost each flat owner?
    Originally posted by Bonfire Bride


    You should ask your solicitor to include a retainer, meaning any costs incurred before you move in are covered by the vendor. Worth exploring. Either way the vendor might have to cough up because if you were to pull out they may not find another buyer before the work needs doing anyway.


    My buyer's solicitor said yesterday they were passing the file to their supervisor to be signed off ready for exchange. Just heard today that instead of doing that, they've decided to ask the SAME queries YET AGAIN despite my buyer saying she's happy with it all!! I've half a mind to pull out and find a buyer with a decent solicitor, we are just going round and round in circles over and over. So stressful.
    1/12/14 total £9,140 DFD 30/01/17

    http://forums.moneysavingexpert.com/showthread.php?t=5124473 - my DFD

    2017 365 day challenge £242 saved
    • whizzybee
    • By whizzybee 12th Oct 16, 12:21 PM
    • 133 Posts
    • 379 Thanks
    whizzybee
    EXCHANGED!!!!!!!!!!!!!! *does the happy dance*

    We complete next Thursday and to top it off, the completion statement shows that there is less to pay that I initially thought.

    I haven't got the energy to put the full timeline, except:

    Offer put in: 20th June 2016
    Offer amended: 21st June 2016
    Offer accepted: 24th June 2016

    *Scene missing, stuff with searches, surveys, quotes, emails going back and forth, signed my life away about 40 times*

    Exchange of contracts: 12th October 2016
    Completion: 20th October 2016

    Sorry to hear of others woes, I hope you get there soon and congrats to those who have reached this mythical stage!
    • Korra
    • By Korra 12th Oct 16, 12:37 PM
    • 64 Posts
    • 74 Thanks
    Korra
    Congratulations mattk_180 and whizzybee...

    2016: Hopefully be a FTB Complete 27.10.2016
    • PlaysNicely
    • By PlaysNicely 12th Oct 16, 12:52 PM
    • 101 Posts
    • 174 Thanks
    PlaysNicely


    Woo hoo Whizzy and Matt, busy old week for moves next week then! Many congratulations and best wishes for the move.

    Rooting for you Lcc, can't believe they are still faffing about with queries even though the buyer has said she's happy! Any chance of sharing your dissatisfaction to the EA? A few hints in their direction about feeling like pulling out and they'll be onto the solicitors to try to rescue the commission quicker than you can say 'exchange of contracts'. Hope someone comes good for you today.

    PNx
    • Levs01
    • By Levs01 12th Oct 16, 12:57 PM
    • 224 Posts
    • 238 Thanks
    Levs01
    Congrats to both you guys. Hope to be joining you soon.

    We've signed, our vendors signed, buyers signed today just the FTB at the bottom to sign and we're ready to go.
    • abbey516
    • By abbey516 12th Oct 16, 1:08 PM
    • 89 Posts
    • 121 Thanks
    abbey516
    EXCHANGED!!!!!!!!!!!!!! *does the happy dance*

    We complete next Thursday and to top it off, the completion statement shows that there is less to pay that I initially thought.

    I haven't got the energy to put the full timeline, except:

    Offer put in: 20th June 2016
    Offer amended: 21st June 2016
    Offer accepted: 24th June 2016

    *Scene missing, stuff with searches, surveys, quotes, emails going back and forth, signed my life away about 40 times*

    Exchange of contracts: 12th October 2016
    Completion: 20th October 2016

    Sorry to hear of others woes, I hope you get there soon and congrats to those who have reached this mythical stage!
    Originally posted by whizzybee
    Congratulations you complete the same day as us starting to feel a bit more excited now.
    Our vendor gave us the key to the garage so we could move some things in there . He's been really good waiting for all the delays. Thats your Birthday isn't it ?
    Last edited by abbey516; 12-10-2016 at 1:15 PM.
    • Jox
    • By Jox 12th Oct 16, 1:09 PM
    • 1,271 Posts
    • 2,688 Thanks
    Jox
    Happy to hear good news! Congratulations
    • abbey516
    • By abbey516 12th Oct 16, 1:13 PM
    • 89 Posts
    • 121 Thanks
    abbey516
    BB - sounds like the new house has plenty of positives and lots to work with. Might not be as up to scratch as the last place but just see it as being able to put more of your own stamp on it.


    Now for the big news!! WE'VE EXCHANGED!


    Didn't even need to call the solicitor this morning, they called me before I got to it. Confirmed the vendor was now ready to complete and asked for my consent to exchange (usual solicitor is off today so had to reconfirm to a different one to go ahead). Also needed to activate our house insurance.


    About half an hour later I got the call to say it's all done and we are now going to be picking up our keys next Friday 21/10! Doesn't quite seem real just yet!!
    Originally posted by mattk_180
    Congratulations in the end it seem to go through so quick and you wonder why it has taken so long
    • Murray87
    • By Murray87 12th Oct 16, 3:30 PM
    • 43 Posts
    • 60 Thanks
    Murray87
    Congratulations those who have exchanged this week! It's such an amazing feeling! You must be so pleased

    Have to say I'm twiddling my thumbs a bit now after being used to sending emails or calling solicitors every day! New build due to complete around the 3rd December so it seems strange that there's not really much communication between now and then.

    Will be throwing ourselves into packing from this weekend so I'm sure that will bring with it plenty of drama!

    Hope some more of you get good news before the week is out!
    • lcc86
    • By lcc86 12th Oct 16, 3:38 PM
    • 851 Posts
    • 1,775 Thanks
    lcc86


    Woo hoo Whizzy and Matt, busy old week for moves next week then! Many congratulations and best wishes for the move.

    Rooting for you Lcc, can't believe they are still faffing about with queries even though the buyer has said she's happy! Any chance of sharing your dissatisfaction to the EA? A few hints in their direction about feeling like pulling out and they'll be onto the solicitors to try to rescue the commission quicker than you can say 'exchange of contracts'. Hope someone comes good for you today.

    PNx
    Originally posted by PlaysNicely
    My EA knows exactly how I feel, I think they feel the same Apparently it's a mix up and al sorted now. Still aiming to exchange on Friday, but won't believe it until it actually happens! Lol

    Congrats to all those who have exchanged today, must feel like a weight is lifted!
    1/12/14 total £9,140 DFD 30/01/17

    http://forums.moneysavingexpert.com/showthread.php?t=5124473 - my DFD

    2017 365 day challenge £242 saved
    • mattk_180
    • By mattk_180 12th Oct 16, 3:40 PM
    • 350 Posts
    • 256 Thanks
    mattk_180
    Insurances all set up, those that need to know about the move before it happens now know.


    Just got confirmation from the estate agent so know that they are now aware. Gave me the standard spiel about can't release the keys until their solicitor has confirmed the completion. Knowing their solicitors I feel that we are not clear of all the stress and chasing just yet!!
    • Bonfire Bride
    • By Bonfire Bride 12th Oct 16, 3:53 PM
    • 697 Posts
    • 908 Thanks
    Bonfire Bride
    ICC86 - what on earth is this query they keep on raising? You're so close though..don't pull out. I guess it's not your buyers fault they have an incompetent solicitor.


    WhizzyB -Congratulations!!
     
    When you say you have "signed"...do you mean the contract and deed transfer docs (if you're a seller?). Do they call you into the office at all to sign anything further.


    I have signed the above today (my colleague signed as a witness)....I have also answered a few queries and will be returning these on Friday...wondering how much further we have to go.
    Mummy to 2 little boys born in 2013 & 2015

    Save 12k in 2017 - #152
    £1,500/£8000

    • ap1985
    • By ap1985 12th Oct 16, 4:18 PM
    • 323 Posts
    • 128 Thanks
    ap1985
    EXCHANGED!!!!!!!!!!!!!! *does the happy dance*

    We complete next Thursday and to top it off, the completion statement shows that there is less to pay that I initially thought.

    I haven't got the energy to put the full timeline, except:

    Offer put in: 20th June 2016
    Offer amended: 21st June 2016
    Offer accepted: 24th June 2016

    *Scene missing, stuff with searches, surveys, quotes, emails going back and forth, signed my life away about 40 times*

    Exchange of contracts: 12th October 2016
    Completion: 20th October 2016

    Sorry to hear of others woes, I hope you get there soon and congrats to those who have reached this mythical stage!
    Originally posted by whizzybee

    Congratulations Whizzybee
    • jojo9239
    • By jojo9239 12th Oct 16, 6:52 PM
    • 320 Posts
    • 226 Thanks
    jojo9239
    Yay congrats guys!!!! Woo hooo x
    • PlaysNicely
    • By PlaysNicely 12th Oct 16, 7:32 PM
    • 101 Posts
    • 174 Thanks
    PlaysNicely


    Well done today, great to see exchanges happening and lots of moves now confirmed for next week!

    Hopefully the rest of the week will see an end to the frustration for everyone else who is still awaiting imminent exchange.

    PN x
    • MissTasmanian
    • By MissTasmanian 12th Oct 16, 7:48 PM
    • 666 Posts
    • 293 Thanks
    MissTasmanian
    I have to admit to feeling completely out of my depth and after a number of very fraught, emotional days I am struggling to think logically and decide how best to proceed.

    In July we offered to put in the asking price on a property that had already had two offers fall through and had been on the market almost two years. We were cash buyers, without a chain and as part of our offer we asked them to take it off the market and to request a quick sale. Our solicitor is excellent and its modern house with no issues (according to our surveyor) and so all the paper work, inventory etc was sorted and ready by the end of August.

    Then the problems started the estate agent would promise every week that the seller’s would complete the following week. The sellers themselves wouldn’t even bother replying to our solicitor and so we didn’t even have an estimate of when they planned to complete.

    Eventually after five weeks of this we were advised by our solicitor to look elsewhere and to also give an ultimatum to our sellers advising them we’d pull out unless we had a firm date for completion of the 7th of November at the very latest. They had until today to decide but still haven’t done so.

    However it all gets a lot more complicated as we went to view a property with the same agency who’re agency or after working out what was going on went on a blitzkrieg of bullying followed by emotional blackmail and have in turn blamed our solicitor for not communicating with us the vendor’s intentions (blatantly untrue.)

    We had a call this morning saying that unless we committed to the property they’d tell the vendor and both parties solicitor’s that we weren’t serious buyers; however we don’t respond well to blackmail and simply repeated that we needed a firm date for completion and that we were advised to look elsewhere and had a number of other properties in mind.

    On top of all this today we saw a property that we’re actually seriously considering as an alternative and frankly even if we have to wait longer to complete on this one we’re so tired of the bullying and waiting with our current house, were the buyers still refuse to even give an estimate of completion that perhaps we should just cut our losses and put in an offer? Although realistically the house we already have the paperwork is the better of the two.

    I am really, really confused what to do next. The sellers ignored our ultimatum so perhaps we should walk away but then we do want the house, but how can we get a firm date for completion if they won’t respond?

    Will the agency allow us to place an offer on the second house we liked if we’re still waiting on the first?

    Also if the seller’s do agree a completion date could we ask for a reduction of our offer perhaps by 2% to account for the hassle and excess expenses? I know that they’re relying on our money for their next house where they’ve already invested a lot of time and money in arranging a mortgage and so on. And yet despite needing us to buy their home they still continue to ignore our solicitor for a completion date.

    Right now I suppose I am considering giving them a final chance: Agree a completion date of late November but we want a £3-5k reduction so the house will be £172,000 or £170,000 which is fair given the time and money we’ve wasted waiting on them.

    Any thoughts or help would be really appreciated!
    • BritishBibliophile
    • By BritishBibliophile 12th Oct 16, 8:09 PM
    • 513 Posts
    • 2,415 Thanks
    BritishBibliophile
    Oh no MissTasmania, how dreadful! I think that you should go back for a second viewing, and if you feel then and there that it would be a good house for you then sit down with the vendors and explain that you're in the process of buying a house, but you've had problems with the vendor and that's why you're now looking again. I'd also tell them that you've had problems with the estate agent as a result, and so you'll be submitting your offer in writing to the vendors themselves, with a copy sent to the estate agents, so that they can't delay it for you.

    At the end of the day, the agents will get paid one way or another. They're annoyed because you're delaying their payoff, but you've said repeatedly that you want a quick sale so they can hardly say you're rushing at the last minute.
    • MissTasmanian
    • By MissTasmanian 12th Oct 16, 8:18 PM
    • 666 Posts
    • 293 Thanks
    MissTasmanian
    Oh no MissTasmania, how dreadful! I think that you should go back for a second viewing, and if you feel then and there that it would be a good house for you then sit down with the vendors and explain that you're in the process of buying a house, but you've had problems with the vendor and that's why you're now looking again. I'd also tell them that you've had problems with the estate agent as a result, and so you'll be submitting your offer in writing to the vendors themselves, with a copy sent to the estate agents, so that they can't delay it for you.

    At the end of the day, the agents will get paid one way or another. They're annoyed because you're delaying their payoff, but you've said repeatedly that you want a quick sale so they can hardly say you're rushing at the last minute.
    Originally posted by BritishBibliophile
    Awww thank you! It means the world that people are being nice to us today instead of just the endless barrage of call from the estate agent trying to bully and scare us. The offer specified that the property was subject to quick sale; although as my solicitor pointed out that doesn't make the world of difference!

    I just can't understand the seller's why would they jeopardise the sale like this? I know they now need to sell their home so they can afford the next so why not even offer us a provisional date? It just doesn't make sense.

    Also it now gets weirder! The estate agent cancelled our 2nd viewing of the house that we liked because apparently the seller's didn't want people round that week! This can't be a coincidence surely? Am I being silly or does this reek of something fishy? I wish I'd met the owners instead of being shown round by an agent because I feel like the agency has too much power over the situation.
    • abbey516
    • By abbey516 12th Oct 16, 8:23 PM
    • 89 Posts
    • 121 Thanks
    abbey516
    I have to admit to feeling completely out of my depth and after a number of very fraught, emotional days I am struggling to think logically and decide how best to proceed.

    In July we offered to put in the asking price on a property that had already had two offers fall through and had been on the market almost two years. We were cash buyers, without a chain and as part of our offer we asked them to take it off the market and to request a quick sale. Our solicitor is excellent and its modern house with no issues (according to our surveyor) and so all the paper work, inventory etc was sorted and ready by the end of August.

    Then the problems started the estate agent would promise every week that the seller’s would complete the following week. The sellers themselves wouldn’t even bother replying to our solicitor and so we didn’t even have an estimate of when they planned to complete.

    Eventually after five weeks of this we were advised by our solicitor to look elsewhere and to also give an ultimatum to our sellers advising them we’d pull out unless we had a firm date for completion of the 7th of November at the very latest. They had until today to decide but still haven’t done so.

    However it all gets a lot more complicated as we went to view a property with the same agency who’re agency or after working out what was going on went on a blitzkrieg of bullying followed by emotional blackmail and have in turn blamed our solicitor for not communicating with us the vendor’s intentions (blatantly untrue.)

    We had a call this morning saying that unless we committed to the property they’d tell the vendor and both parties solicitor’s that we weren’t serious buyers; however we don’t respond well to blackmail and simply repeated that we needed a firm date for completion and that we were advised to look elsewhere and had a number of other properties in mind.

    On top of all this today we saw a property that we’re actually seriously considering as an alternative and frankly even if we have to wait longer to complete on this one we’re so tired of the bullying and waiting with our current house, were the buyers still refuse to even give an estimate of completion that perhaps we should just cut our losses and put in an offer? Although realistically the house we already have the paperwork is the better of the two.

    I am really, really confused what to do next. The sellers ignored our ultimatum so perhaps we should walk away but then we do want the house, but how can we get a firm date for completion if they won’t respond?

    Will the agency allow us to place an offer on the second house we liked if we’re still waiting on the first?

    Also if the seller’s do agree a completion date could we ask for a reduction of our offer perhaps by 2% to account for the hassle and excess expenses? I know that they’re relying on our money for their next house where they’ve already invested a lot of time and money in arranging a mortgage and so on. And yet despite needing us to buy their home they still continue to ignore our solicitor for a completion date.

    Right now I suppose I am considering giving them a final chance: Agree a completion date of late November but we want a £3-5k reduction so the house will be £172,000 or £170,000 which is fair given the time and money we’ve wasted waiting on them.

    Any thoughts or help would be really appreciated!
    Originally posted by MissTasmanian
    To me it seems if they have already had two sales fall through they may have acted the same to them and their buyers got fed up like you. You do not have to be blackmailed to stay if they will not respond. If you really feel this house is the one you want then you may have to stay with it but personally myself I would be looking elsewhere there must be others like it. Sometimes these things are meant to be for a reason .
    • Bonfire Bride
    • By Bonfire Bride 12th Oct 16, 8:29 PM
    • 697 Posts
    • 908 Thanks
    Bonfire Bride
    Your current issues sound a lot like the ones we have just been through although ours only lasted 2 months. Our hearts were set on the property that we eventually pulled out of, but I could not risk it dragging on for ages and wondering whether they were going to pull out at any time.

    You have obviously spent money on the property...are you okay to lose this? We were considering asking them to reduce the price due to us having to put our property into storage and moving in with my mother. Honestly, if they are unable to respond to a deadline, I would highly doubt they would reduce price. But you can try...

    If you imagine pulling out of the house....how would it make you feel? If it's your dream home, then stick with it. Doesn't sound like you are too far off now.

    After 2 months, our vendors still hadn't even returned the fixtures and fittings.
    Mummy to 2 little boys born in 2013 & 2015

    Save 12k in 2017 - #152
    £1,500/£8000

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