Long Stop?

Sweetcaz_2

Hi everyone,

I have recently sold my house and am a good two months in to my purchase and now living with parents as the purchase has not even reached completion dates yet.

Someone has told me they have in the past got their solicitor to impose a "Long Stop" to try and get the seller to commit to some sort of cut of date for the sale to go through by.

Has anyone heard of/used this method before who can perhaps exlplain it more fully?

Thanking you in advance :T

chickmug

Longstop will be another way of saying set an ultimatum.

If you feel the progress is slow why not ask your solicitor and the selling EA for a detailed progress report. It may have nothing to do with the seller and setting ultimatums is not the way forward.

Buying/Selling is a two party multilateral process and not one side acting unilaterally so if you do set dates make sure you stick to them and if I were the seller I would tell you where to go and find a more considerate buyer. So beware!!!!

Sweetcaz_2

The detailed progress report from the solictors would be a good idea but I do not trust their EA, they have told me what I want to hear before to keep me happy but I have later found out from the solictor it was not true! At the end of the day they are acting for their client not me.

Obviously I am concerned about upsetting the seller but they had said up until a few weeks ago they would go into rented if necessary and having recently found somewhere to buy they are now no longer prepared to do so and I have ended up making myself homeless as my buyer was going to pull out otherwise.

At the end of the day I just want some kind of reassurance I will have the seller's home to move to as living with in laws long term is not an option. It has been 9 weeks now since my offer was accepted and I still have no dates being give to even exchange.

Richard_Webster

It takes two to tango and if the seller doesn't want to move out then you can't make him.

You either have to wait or threaten to pull out if contracts are not exchanged by a certain date. You then must pull out. If you don't, the sellers will know you are not serious.

I would look for another property now, and particularly let the present selling agents know that is what you are doing.