10 Days to get a survey done....is this normal?

sandiep

I would always recommend a homebuyers report as an absolute minimum unless the house you are buying is a new build.

devilot

tenke wrote: »

EA also did that to us, when we were in the process of buying a house. They said they would keep the house in the market until survey was booked...

Yes it sounds unfair because if they accept your offer, they should take the house off the market...

Yes, I'm sure it is unfair - until you have done what we did recently where we accepted an offer and 3.5 weeks later the buyers pulled out, still having not had a survey done - thats 3.5 weeks of my time wasted when people were calling about my property in the meantime and being told 'its sold'.:rolleyes: In our case, it was the EAs that decided to stop coming forward with any interest, although our buyers did assure us they would see the sale through.

tenke

devilot wrote: »

Yes, I'm sure it is unfair - until you have done what we did recently where we accepted an offer and 3.5 weeks later the buyers pulled out, still having not had a survey done - thats 3.5 weeks of my time wasted when people were calling about my property in the meantime and being told 'its sold'.:rolleyes: In our case, it was the EAs that decided to stop coming forward with any interest, although our buyers did assure us they would see the sale through.

I am sure it is outrageous that they took that time and no survey done, but we if you have read my answer of how we behaved as interested party to buy the property, the EA was a little too much... How can you doubt when you see the buyer next day early in the morning with deposti proof and mortage agreement?? beyond me... but as said before each to their own

chickmug

devilot wrote: »

Yes, I'm sure it is unfair - until you have done what we did recently where we accepted an offer and 3.5 weeks later the buyers pulled out, still having not had a survey done - thats 3.5 weeks of my time wasted when people were calling about my property in the meantime and being told 'its sold'.:rolleyes: In our case, it was the EAs that decided to stop coming forward with any interest, although our buyers did assure us they would see the sale through.

Thus supporting the point I made. To take off the market is very one sided without the buyer making any commitment. Sadly it is a question of trust but my life (retired agent) was made up with people pulling out. Usually always the buyers and rarely the sellers. So it is a bit rich for those buying to expect the seller to take off the market.

However as an agent it does NOT mean that anyone who comes along would mean the first buyer is kicked off. It means should anyone want to view they would be told the exact position with the offer accepted. Most then would decline to view but would go on the cancellation list. Seems very fair to me?

chickmug

tenke wrote: »

I am sure it is outrageous that they took that time and no survey done, but we if you have read my answer of how we behaved as interested party to buy the property, the EA was a little too much... How can you doubt when you see the buyer next day early in the morning with deposti proof and mortage agreement?? beyond me... but as said before each to their own

You need to understand that not all those that offer to buy will conduct themselves in an honorable way. I came across many who were full of how much they wanted to house, were always on the phone, viewed again sometimes several times., measured up, took their parents or friends and then pulled out.

You also need to realise the agent may be acting on the strict wishes of their seller client. If I were selling I would want marketing until contracts were exchanged.

chickmug

theartfullodger wrote: »

...to expect an EA to be "fair" might be considered by some naïve--

Now hang on there some are! I was before I retired but was continually watching out for those that tried to shaft me - buyers and sellers that is!

Doozergirl

I always ask this of buyers. I will give exclusivity to a buyer for 10 working days and if there's no news in that time then it's back on the market. I've read and heard too many stories of disappearing purchasers that I'm not risking it.

If there is news that the survey is still awaited because of the mortgage company holding things up then it's fine as long as contact has been made between solicitors and it's clear that things are moving.

Theses things are never set in stone - it's all about communication really - if everyone knows what is going on then they are more accommodating.

devilot

Doozergirl wrote: »

I always ask this of buyers. I will give exclusivity to a buyer for 10 working days and if there's no news in that time then it's back on the market. I've read and heard too many stories of disappearing purchasers that I'm not risking it.

If there is news that the survey is still awaited because of the mortgage company holding things up then it's fine as long as contact has been made between solicitors and it's clear that things are moving.

Theses things are never set in stone - it's all about communication really - if everyone knows what is going on then they are more accommodating.

That sounds fair enough to me.

chickmug

Doozergirl wrote: »

I always ask this of buyers. I will give exclusivity to a buyer for 10 working days and if there's no news in that time then it's back on the market. I've read and heard too many stories of disappearing purchasers that I'm not risking it.

If there is news that the survey is still awaited because of the mortgage company holding things up then it's fine as long as contact has been made between solicitors and it's clear that things are moving.

Theses things are never set in stone - it's all about communication really - if everyone knows what is going on then they are more accommodating.

The principle here is that there are differing ways of handling buyers and no one way so all good. The most important aspect is the communication - making sure all parties know the score and what is expected and when.

The buyers, and sellers need to realise that the process involves both parties, along with their professional advisors, and should never be a unilateral affair.

A good agent will stand at the side of their client (the seller) and be there when it is needed but they should also stand at the side of the buyer to be there for them as well. However sometimes the agent will need to take a stand, for the seller, to resolve issues arising and this may upset the buyer.

Agents need to know that todays buyer is tomorrows potential seller but reading some posts I think they miss this point.

bob79

To answer the OP question: generally a bank would instruct a surveyor for you before the mortgage offer is officially made. You go into branch, discuss which mortgage you want, they run their checks and will tell you whether you are likely to get the mortgage or not (you've probably done this). If yes, then you pay them for the valuation (and if you want a more extensive survey). Didn't they talk to you about that? The decision by the branch has to be approved by the head office before the mortgage offer is made, but this is usually just a formality.

So go back to the bank and say that you want the valuation to happen within two weeks. That shouldn't be a problem.