What should I do? Chain may not complete

Greenwellies_2

You're not wrong about the nail biting bit!

I accepted the offer on my house around begining of April (If I remember correctly).
I put my offer forward on 'the cottage' and it was accepted on 21st April, but these people STILL do not want to get solicitors involved. They're buying 'white house' and white house have said they're not being rushed into moving.

I want to keep my buyers, and ideally I want to keep 'the cottage' as my future home, however, the people up the chain just don't seem to be 'interested' in moving.

Moving in with relatives, we'd have to live apart too, and we have cats, they have dogs / strict no pets.

I'm worried that we have sacrificed so many of our 'wants' on this house, and this is causing some stress, that if we get the home, we wont actually want to be there.


I really want to look at different homes, but OH is refusing, claiming that that's the home for us.

GW

QTPie

Errr, marriage counselling...?

I know what you and your OH are going through, a bit: I like period houses, husband likes modern houses...

To be perfectly honest - for your last two posts - you REALLY don't seem happy with what you are buying... that worries me a lot. Depends what sort of person you are... are you a "happy to go along with it because it is what your OH REALLY wants" (sort of my husband, most of the time, dear love him ) or are you the sort of people who "unhappily goes along with it, but will be eaten up inside for the next few years until you move again"? How long are you thinking of staying in the next house? Five years? Ten years? 25/30 years? If it is longer term, then you REALLY need to think if you can deal with the compromises that long... Nobody should be buying for less than 5 years at the moment (since you will probably just be throwing money away).

I wonder if you are rushing into buying something with too much compromise at the moment. Maybe both of you (but particularly your OH) are desperate to move away from where you are now and see this as the only way out?

To be honest, with your sellers and their sellers, it sounds as though you are on to a looser. As a chain free buyer, I refuse to be rushed (I will not buy something with too many compromises in this market - I will wait): sounds as if they have the same opinion (but with little respect to the chain behind them!). They should really do what we are doing - selling and renting and then they can take their own sweet time... You could be waiting a year or so for your chain to complete and I doubt that your FTBs will still be around. Then when the top of your chain finds their dream house, I bet that you will get dropped like a hot potato if you have lost your buyer and are not ready to proceed... :rolleyes: (your sellers' sellers obviously want everything at their pace and have no consideration for others int he chain).

You really need a good long talk with your OH - REALLY go through the issues...

Are you both REALLY willing to compromise on the house you are looking to buy? If not, then what do you? There is nothing that you wnat out there at the moment, doesn't mean that will still be the case in 3/6/9 months time. In the meantime, are you prepared to loose your buyer? Either you sit tight where you are and try to sell again when more property comes up that you are interested in buying or you complete on the sale and move into rented (then you are ready and able to POUNCE on that property as soon as it hits the market). I would prefer the later (and is what we have done), BUT you always risk that house prices will go up and stay up... Some people are two risk adverse to do that.

One thing to be aware of, though, if you pull out of the sale, you will still be liable for some solicitors fees and, most likely, a percentage of the Estate Agents fees too.

Let us now how it goes - very tricky if you and your OH are not in agreement...

QT

Greenwellies wrote: »

You're not wrong about the nail biting bit!

I accepted the offer on my house around begining of April (If I remember correctly).
I put my offer forward on 'the cottage' and it was accepted on 21st April, but these people STILL do not want to get solicitors involved. They're buying 'white house' and white house have said they're not being rushed into moving.

I want to keep my buyers, and ideally I want to keep 'the cottage' as my future home, however, the people up the chain just don't seem to be 'interested' in moving.

Moving in with relatives, we'd have to live apart too, and we have cats, they have dogs / strict no pets.

I'm worried that we have sacrificed so many of our 'wants' on this house, and this is causing some stress, that if we get the home, we wont actually want to be there.


I really want to look at different homes, but OH is refusing, claiming that that's the home for us.

GW

Greenwellies_2

I like the area, I like the home, but in the same way that Phil and Kirsty get frustrated about their clients when they go off and find something very different from their brief, that us!
We have:
Standard 3 bed 1 recpetion house, good sized south facing garden, no-one over the back, off street parking and good sized kitchen.
We were after all the above plus a garage, dining room and preferably a bigger garden and the bedrooms needed to be doubles.

What we found has the double bedrooms, no-one over the back, and a dining room, no off street parking (and it's not a possibility either). The 3rd bedroom is a loft conversion, and it has a downstairs bathroom, so a long walk for a night time visit to the loo! and a northerly facing garden, that's a bit smaller than what we have! It has a dining room, but the kitchen is so tiny you can only get a cooker, washing machine and sink, with a few cupboards! But it doesn't matter. the home is 'cosy' and nothing like what we have, or what there is around here (and it's not a 1960's concrete block either)

I'm trying to find the same home, but in another location, I'm getting there, but I then find that those ones are on main roads, and that's why they're in my budget I guess.

I've booked Friday off work. I'm deciding now to go and do a load of viewings without OH, and he can have a look at my top picks.

BTW, it was me that wanted to move 1st, we couldn't find anything, then saw the cottage on the internet, we had such high hopes for it. When we got there we just fell in love with it. I've been very 'emotianally distant' from the sale, in part because I think it's over priced, so when the survey comes back saying so, I don't think the sellers will want to negotiate etc. And I know that nothing is set until until exchange.

Off to luch now - that's something I can look forward to!



GW

Greenwellies_2

A quick update.

I called my agent. (She'd called my last week to day that my FTB had asked her to find out what's happening, that's how this all started)
She said that she'd not told my FTB anything, that she hadn't called them back. (Raises susicions that it was the EA who wants this pushed through)

She is now calling everyone in the chain above to find out if they're willing to break the chain, and calling my buyers to find out how much of a hurry they're in.

*waits for phone call*

GW