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    • Jb_1982
    • By Jb_1982 15th Jun 17, 5:30 PM
    • 18Posts
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    Jb_1982
    Vendors - How much time?
    • #1
    • 15th Jun 17, 5:30 PM
    Vendors - How much time? 15th Jun 17 at 5:30 PM
    Hi all, I apologise if there is similar thread. Here's my situation. I have had a cash offer on my house, and also an offer accepted on a house I want to buy. However the vendors have yet to find a property they want to buy. I've decided that I'll proceed with the sale of my house and if I have to move in with parents etc once completed.

    In the meantime what is an appropriate time scale to leave the vendor to find a suitable property to purchase? Also, how should I be contacting the sellers estate agent to ask for updates and pressure the vendors somewhat?

    Thanks.
Page 1
    • Surrey_EA
    • By Surrey_EA 15th Jun 17, 5:38 PM
    • 954 Posts
    • 1,044 Thanks
    Surrey_EA
    • #2
    • 15th Jun 17, 5:38 PM
    • #2
    • 15th Jun 17, 5:38 PM

    In the meantime what is an appropriate time scale to leave the vendor to find a suitable property to purchase? Also, how should I be contacting the sellers estate agent to ask for updates and pressure the vendors somewhat?
    Originally posted by Jb_1982
    How much do you want the house? How unique is it?

    Only you can decide what an appropriate period of time is. In the meantime there is no harm in keeping your eyes open for something else suitable.
    • Thrugelmir
    • By Thrugelmir 15th Jun 17, 6:58 PM
    • 53,717 Posts
    • 46,481 Thanks
    Thrugelmir
    • #3
    • 15th Jun 17, 6:58 PM
    • #3
    • 15th Jun 17, 6:58 PM
    Also, how should I be contacting the sellers estate agent to ask for updates and pressure the vendors somewhat?
    Originally posted by Jb_1982
    Pressuring the vendors won't help their home search. If they require a mortgage as well. Then the wait will be even longer. Then there's the property that the vendors are buying. What's the position of those sellers. When it comes to housing transactions best to take up yoga as a pastime. As nothing quite as stressful.
    “ “Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.” Sir John Marks Templeton
    • Jb_1982
    • By Jb_1982 15th Jun 17, 9:17 PM
    • 18 Posts
    • 4 Thanks
    Jb_1982
    • #4
    • 15th Jun 17, 9:17 PM
    • #4
    • 15th Jun 17, 9:17 PM
    Haha... I like the yoga comment. The sellers are looking for a bungalow. They are a retired couple. Hopefully not too fussy!!
    • Red-Squirrel
    • By Red-Squirrel 15th Jun 17, 10:56 PM
    • 1,167 Posts
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    Red-Squirrel
    • #5
    • 15th Jun 17, 10:56 PM
    • #5
    • 15th Jun 17, 10:56 PM
    I wouldn't be so keen to break the chain and move in with parents.

    If you have a cash buyer presumably they aren't too much of a rush, and probably well aware that they need to wait for a chain to complete. Have they given you a deadline or indicated they will pull out if you don't complete soon?

    If you move in with your parents and your purchase falls through, you could be there for a very long time, is that practical? Is that fair to your parents?

    If it doesn't fall through, then you'll be changing your address twice in a really short time. It'd be a pain for the paperwork, and for mail redirection and so on, plus you'd have to change your address on the electoral roll for the credit checks for your own mortgage, it just seems like it would be an admin nightmare!
    • Jb_1982
    • By Jb_1982 16th Jun 17, 10:45 PM
    • 18 Posts
    • 4 Thanks
    Jb_1982
    • #6
    • 16th Jun 17, 10:45 PM
    • #6
    • 16th Jun 17, 10:45 PM
    Thanks Red, all good advice. Can the chain be re connected so to speak? I'm taking as much time to fill in solicitors forms etc to draw it out as much as possible. I've been given no details of deadlines or anything, but didn't want to lose the sale. Its the first time I've sold a house, this is my first house. It's all new to me!! Never thought about all the other issues to be fair!
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