Normal? Buyer wants to view house but we are due to exchange

peaz

Great advice -thanks. I will speak to my solicitor about the insurance and see if that is an option. It kinda sticks in my throat that an updated search is not necessary, but if a solicitor wants it updated then we have to do it.

Whathavewedone- no the HIP (or the search part of it) would have still be invalid. I just find it incredible that this issue was picked up so late in the day and not nearer the original exchange date.

Floxxie-we have tried reminding them of what we have forked out time and time again. But she's not having any of it.

I'll try to deal with our Solicitor now- and will enquire as to the indemnity insurance.

Thanks again

mr.broderick

carolt wrote: »

How much have prices fallen in your area?

Good luck, but it sounds a little like your buyer has got cold feet.

If i were you i would contact your solicitor and instruct them to ask for a couple of grand more as according to halifax your house is worth 2.5% more now. That would be interesting wouldn't it?

whathavewedone

I probably shouldn't say this...but...

Keep your solicitor onside for now but once it's all gone through (or not if it's gone pearshaped) make sure you're certain that he/she hasn't made any mistakes along the way which have cost you money.

It does happen, it happened to me and I was using a firm that I used to work for (I'm a lawyer but not a conveyancer).

peaz

mr.broderick wrote: »

If i were you i would contact your solicitor and instruct them to ask for a couple of grand more as according to halifax your house is worth 2.5% more now. That would be interesting wouldn't it?

It would but then I don't have the balls to do that! She is also going through a Housing Association which complicates things (hence the missing of the exchange date) so she is on a limit of how much she can spend.

whathavewedone- I will do! When we bought this house we had the worse solicitors ever so though we obviously have used different solicitors I am wary of what they (and the EA!) tells me.

macaque_2

peaz wrote: »

We've got £17,000 moving costs in the bank- every penny of that should be going towards the house. Just because we are moving doesnt mean we should have to pay for everything our buyer wants us to pay for.

You have £17,000 set aside for moving costs and you are about to spit the dummy out over £200. I am baffled by your sense of priority.

peaz

macaque wrote: »

You have £17,000 set aside for moving costs and you are about to spit the dummy out over £200. I am baffled by your sense of priority.

Every penny of that £17000 has been accounted for- stamp duty for us and her, solicitor fees for buying and selling, a deposit, EA fee, and removal van and whatever else there is.

I am not spitting any dummies out -our sense of priority is to save every penny that we can to rewire our house.

Believe me, I wish I could just magic £200 out of the air- what do suggest? I have had a lot of good suggestions from other posters on this thread which has been brilliant but if you could add to it by advising as to where I could get £200 from- then fab. We are already borrowing £8k from family and will be paying this back each month-

er, why am I justifying myself to you?! We are good with our money and budget well but I refuse to hand over £200 without knowing my options- which is why I posted in the first place. Isn't that the point of these forums? Or should we just give money out left, right and centre?

[Deleted User]

sit tight and chance it but of course you run the risk of your buyers getting the hump. Not worth it for £200

QTPie

peaz wrote: »

er, why am I justifying myself to you?! We are good with our money and budget well but I refuse to hand over £200 without knowing my options- which is why I posted in the first place. Isn't that the point of these forums? Or should we just give money out left, right and centre?

If you believe quite a few people on this board, then you should: "buyers market, so sellers please place yourself over a barrel and grit your teeth".

All I will say, is get this resolved and quick: get shot of it - if you have to beg or borrow £200 from somewhere (or live on beans on toast for a month, then do it)....

Our house sale got gazundered 3 weeks ago: we had already bent over backwards for the buyers, they then stalled the valuation, then demanded another £40k off of the agreed price. The price had only been agreed 4 weeks before that (so we are not talking a long time!). They also gazundered 3 weeks before the completion date that they had demanded (which would have been today ). We didn't agree to the demand, the sale fell through (ok, maybe we should have negotiated, but I think that they wouldn't have negotiated anyway).

If our sale had gone through, we would have been in a VERY good position right now. If I could go back in time and re-instate the sale for £200, I DEFINITELY would (even if it meant a diet of beans on toast).

I like the idea of tying it to exchange: you are pretty much 99% safe once you have exchanged. Refund it after exchange (if she doesn't agree to split it) AND get this thing to exchange ASAP. Then you can get on with your lives .

I understand your frustration, I really do. Trust me, you are in a bad place now, but you will feel SO MUCH better when you can move on (I wish I could right now! ).

Good luck
QT

payless

can't see why EA is giving advice on cost of search insurance?

EPC's - information obn the link you give looks out of date
they last for 10 yrs for let properties http://www.direct.gov.uk/en/HomeAndCommunity/BuyingAndSellingYourHome/Homeinformationpacks/DG_076370

can't see why it would be differernt for selling but appears in HIPs may only be 3 yrs - but long enough for you I guess

mr.broderick

QTPie wrote: »

If you believe quite a few people on this board, then you should: "buyers market, so sellers please place yourself over a barrel and grit your teeth".

All I will say, is get this resolved and quick: get shot of it - if you have to beg or borrow £200 from somewhere (or live on beans on toast for a month, then do it)....

Our house sale got gazundered 3 weeks ago: we had already bent over backwards for the buyers, they then stalled the valuation, then demanded another £40k off of the agreed price. The price had only been agreed 4 weeks before that (so we are not talking a long time!). They also gazundered 3 weeks before the completion date that they had demanded (which would have been today ). We didn't agree to the demand, the sale fell through (ok, maybe we should have negotiated, but I think that they wouldn't have negotiated anyway).

If our sale had gone through, we would have been in a VERY good position right now. If I could go back in time and re-instate the sale for £200, I DEFINITELY would (even if it meant a diet of beans on toast).

I like the idea of tying it to exchange: you are pretty much 99% safe once you have exchanged. Refund it after exchange (if she doesn't agree to split it) AND get this thing to exchange ASAP. Then you can get on with your lives .

I understand your frustration, I really do. Trust me, you are in a bad place now, but you will feel SO MUCH better when you can move on (I wish I could right now! ).

Good luck
QT

I feel for you but unfortunately buyers get nervous "have i paid too much? Are they going to fall further?" It generally isn't anything personal, it is just business, well done anyway for not capitulating for a 2nd time, if you had they would probably have gone for a further chip anyway.