3 Weeks to Organise a Survey?

rainbowangel

Thanks for all your advice. I will ask them tomorrow when they expect to get the survey done. Unfortunately time is money and I was going to take the property off the market the day they came to see it until they put the offer in. Its a very popular area as you get a lot for your money in ways of land. Even though things are quiet places usually sell within a few months. There is only one other house up for sale near me with much less to offer and £10k more. I did think of renting until things picked up so at least the mortgage gets paid

Thanks again will keep you informed.

lovethymini

I used to work at a head office for a large property surveying company.

Upon receiving a request for a survey from the mortgage lender, the surveyors have a time limit to turn it around (depending on the type of survey, less time to turn around a drive-by and longer for a full structural). So the delay will be by the buyers or the lender (probably the buyer but you already know that!)

Personally, I would speak to your EA, after all - they should be on your side.

becky2011

I have noticed recently on the mortgage board that there have been a lot of buyers waiting for their mortgage company to do the survey. I am positive that I have heard that the Co-op are one of the lenders that are taking ages.
Why not ask your EA to contact your buyers and ask how they are getting on with the Co-op and ask if they have indicated how long it will be until the survey.
You must be so stressed out, I really do feel for you.

bdl1brick

I think some mortgage companies only do the survey once everything like credit and salary checks are done in order to not incur survey costs if the applicant isn't able to get the mortgage. This will slow things down or it could be that your buyer is having trouble getting a mortgage.

Why not tell the agent you are giving them 7 days to get the purchasers to have their survey done or you are going to re-market with another agent. Speak to the manager and tell them about your friend calling and also mention another agent you may have spoken to.

That way you will either get the survey sorted or you may find out the reason its taken so long, at least you will know where you stand.

Richard_Webster

I have noticed recently on the mortgage board that there have been a lot of buyers waiting for their mortgage company to do the survey. I am positive that I have heard that the Co-op are one of the lenders that are taking ages.
Why not ask your EA to contact your buyers and ask how they are getting on with the Co-op and ask if they have indicated how long it will be until the survey.
You must be so stressed out, I really do feel for you.

I think some mortgage companies only do the survey once everything like credit and salary checks are done in order to not incur survey costs if the applicant isn't able to get the mortgage. This will slow things down or it could be that your buyer is having trouble getting a mortgage.

Quite sensible points.

It is only really the buyer's fault if either
(a) he took ages to submit his mortgage application; or
(b) he is a no-hoper and won't get the mortgage from his chosen lender.

Although the survey is important and estate agents see it as a a tangible step that they find out about because the surveyor normally has to contact them, it is not the only thing that should be happening.

So:
1. Has the buyer even applied for a mortgage, if so when?
2. If he has applied, what has he been told about how long it will be before an offer comes out, and what are the obstacles to that? Is the lender still waiting for an employer's reference, previous lender's or landlord's reference? If so he can be told to chase these things up.
3. Haws the buyer instructed solcitors and have they responded in any way to papers sent them by OP's solicitors?

SallyKate888

I'm not sure what the Co-Op's like, but our mortgage with Abbey has been a nightmare. Had an AIP, applied for full mortgage on a Monday, and it took them 2.5 weeks to get through the underwriting queue, and issue a surveyor, which then took another 5 days before he went round.

Georgie4

rainbowangel wrote: »

Hello All

Just a quick one... trying to sell a house price was agreed.. not exactly what I wanted but then its got to be expected

It has now been three weeks and still no survey and no survey proposed date.

I asked the EA to continue to advertise until the Survey had been done... They didn't they told my mate that it was sold when they phoned up.

Buyer has now been round to see house twice and is coming again on Saturday for a third visit. On the second visit they spent 1 hr 30 mins viewing and left me in charge of their daughter whilst they took hundreds of photos.... I didn't mind but still feel frustrated no survey has been done.

When I spoke about the survey they didn't really say much and just shrugged it off.

Yesterday I gave my EA 24 hours to get a date of the survey, my solicitor phoned me up with some rubbish saying that they are genuine and just basically blagging.

Do I hold out longer in the hope that they are genuine or quit and go with another EA that does as I ask! Just don't want to waste any more time.

When I have purchased I have only taken a couple of weeks to get a survey done. My EA said that it is now common to take this long.

Any ideas?

Many thanks in advance

In my opinion they are not serious - they are doing anything they can to avoid spending any actual money - I would also have serious words with the estate agent - they are working for and ultimately being paid for by you:mad:

rainbowangel

Its now been 4 weeks Still no sign of a survey. I'm at catch 22 as EA are telling people its been sold even though I have asked them to continue to market until a survey has been done.

The buyers still insist they want the place.... I can't change EA in case they are genuine buyers and I will end up paying double in fees.

Will give it another week or two and then I guess we will have to go with another EA and pull out of this sale.

All fun and games. Hope everyone else is having better luck with the sale of theirs.

Thanks again everyone for your advice I'm glad its not just me that thinks its a long time.

G

chickmug

rainbowangel wrote: »

Its now been 4 weeks Still no sign of a survey. I'm at catch 22 as EA are telling people its been sold even though I have asked them to continue to market until a survey has been done.

The buyers still insist they want the place.... I can't change EA in case they are genuine buyers and I will end up paying double in fees.

Will give it another week or two and then I guess we will have to go with another EA and pull out of this sale.

All fun and games. Hope everyone else is having better luck with the sale of theirs.

Thanks again everyone for your advice I'm glad its not just me that thinks its a long time.

G

I am disgusted by your EA's lack of full explanation as to what the hold up is!!

Re my post 6 has the paperwork all been done letters memo of sale or not?

Also look at Richard Webster post and the stages he has said need checking - by your EA and through your solicitor.

Do you know how much your buyers are borrowoing - have your EA's told you?

Let us have more details then we can get back with more thoughts.

devilot

Have you tackled the EA about telling people the house is sold?