We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Purchase delay
dont_want_to_be_in_debt
Posts: 52 Forumite
Can Anyone out there advise ?
In the process of selling a flat in Kent. We did let it out so we have had to have it empty since the tenant moved out costing £100 a week. The purchasor put in an offer in September and since then the solicitors have dragged their feet. Two weeks ago finally everything was pronounced OK but purchasor still hasn't taken in his deposit. He says he still wants to buy and comes up with excuses. If he does pull out now are their any penalties for wasting time and money or is it just tough luck? can we just put it back on the market?
Dont know if I should pull out my hair or the estate agents.
In the process of selling a flat in Kent. We did let it out so we have had to have it empty since the tenant moved out costing £100 a week. The purchasor put in an offer in September and since then the solicitors have dragged their feet. Two weeks ago finally everything was pronounced OK but purchasor still hasn't taken in his deposit. He says he still wants to buy and comes up with excuses. If he does pull out now are their any penalties for wasting time and money or is it just tough luck? can we just put it back on the market?
Dont know if I should pull out my hair or the estate agents.
0
Comments
-
Has your buyer done the searches, survey etc.? Was he happy with them and is he involved in a chain? I'd give him a deadline by which he must exchange or you'll put the flat back onto the market. You waited long enough.0
-
Oh gosh, give him a deadline and check about the deposit... as some ppl that have 100% morgages dont have a deposit....Debt free and plan on staying that way!!!!0
-
There are no penalties or ways to recoup your costs. The deal isn't binding on either party until you've exchanged contracts. If the purchaser has spent money on a survey and lawyer you would think they wouldn't want to lose this themselves but may be spinning it out for their own unknown ends. I would speak to your solicitor and ask them to give the other party a deadline to exchange, a week or 10 days should be sufficient or you will put it back on the market.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.3K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.4K Work, Benefits & Business
- 601.1K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards