They want just a week between exchange and completion

chickmug

I am in this position and have agreed a three week gap - with a take it or leave it frame of mind - not said this to the buyer as I wouldn't want to stress them out. But I will move out and will only have three weeks to find somewhere temporary or put my stuff in store and go in a B&B. Just two of us but a bit scary but a risk worth taking to have sold to a really good buyer full cash and no chain.

Jewel_2

chickmug wrote: »

I am in this position and have agreed a three week gap - with a take it or leave it frame of mind - not said this to the buyer as I wouldn't want to stress them out. But I will move out and will only have three weeks to find somewhere temporary or put my stuff in store and go in a B&B. Just two of us but a bit scary but a risk worth taking to have sold to a really good buyer full cash and no chain.

I just think that buyers think you will jump through hoops, and if you are desperate, of course you will. But I feel like I am being bullied and actually that makes me even more determined to stick to my guns but accept that I may lose the sale. We have a daughter and no-where to go, and I will put myself out, but not when I don't see anyone else doing the same.

I thought that's what exchange meant - to AGREE a mutually convenient time, not for someone to skip along merrily and then decided they want to reach the line in a millisecond! Their call. Watch me lose the sale now!!

chickmug

Jewel wrote: »

Watch me lose the sale now!!

An eternal optimist;)

picardygirl

Jewel - you can look at it - that if you dont exchange and dont move you've lost nothing, except for maybe a solicitors fee or have you got no completion no fee deal - but your chain will lose far more that you will.

You say your feeling bullied and that will make you still to your guns ...... i can understand your point of view, but the chain underneath probably feel the same as well, if they dont give in to your timings - you'll pull out - thats a form (in your opinion) of bullying too isnt it.

Try and compromise and find a solution that suits everybody ....... I understand they've already requested a week but this is obviously not fair on you so if they say they want two cant you say you'll compromise and meet at three weeks ... do they know your circumstances? If they do they might understand your sitation at bit more ...... unless there are holidays booked or babies imminent they could agree to three ......

Personally, i still think three is a long time in this present climate when mortgage companies pull mortgages at the drop of a hat ........... which i know isnt your concern but that is probably a major concern for others in the chain. Probably why chains collapse so often in this country ....... people back tracking at the last minute because they cant get their own way ......

Jewel_2

The rest of the chain can still go ahead, I am sure.All it means is that our buyers have no-where to go; no worse than us. We have kids too. Sorry if I sound flippant, I'm not meaning to be, but we have waited and waited and waited, and now we're expected to put ourselves out more than anyone else, and I'm not that desperate that I rush into a 6 month let that we hate, purely because we haven't been given an extra couple of weeks to find somewhere, and allow those tenants to serve notice. I would have exchanged two months ago!

Where would you go? (genuine question). I am happy to stay in a hotel for a while, and probably will, or friends for a couple of weeks. But we need to store all our stuff, pay deposits for rent (doing this before exchange may have meant paying out without moving, something we cannot afford).

Jewel_2

By the way Pic, I have offered three, that's what I did yesterday.

martindow

Apologies Jewel if I have got the wrong impression but I get the feeling that you have changed your mind about moving and would now prefer to say where you are.

If so, I think you should be straightforward, withdraw and let everyone in the chain know before they go through unnecessary stress and expense. It is not fair on them if you are being inflexible in order to provoke a collapse of the chain.

picardygirl

Jewel wrote: »

The rest of the chain can still go ahead, I am sure.All it means is that our buyers have no-where to go; no worse than us. We have kids too. Sorry if I sound flippant, I'm not meaning to be, but we have waited and waited and waited, and now we're expected to put ourselves out more than anyone else, and I'm not that desperate that I rush into a 6 month let that we hate, purely because we haven't been given an extra couple of weeks to find somewhere, and allow those tenants to serve notice. I would have exchanged two months ago!

Where would you go? (genuine question). I am happy to stay in a hotel for a while, and probably will, or friends for a couple of weeks. But we need to store all our stuff, pay deposits for rent (doing this before exchange may have meant paying out without moving, something we cannot afford).

Jewel - your buyers havent gone through the process (and stress) of buying and selling to be told at point of exchange, sorry the house your buying isnt available anymore!!! You got involved knowing you were going into rented, they didnt! Put yourselves in their position, how would you feel?

I appreciate your not meaning to be flippant, its hard to come across on here, if your trying to make a point, people class you as rude, if your too nice its difficult to get your point across .......

Unfortunately the way our legal system works with regards to buying and selling, sometimes (a lot of the time) chains take ages and ages for things to be processed, afterall, when we spend thousands and thousands on a house we all want to make sure we are spending our money wisely, therefore things have to be done, which do take time - but your chain was complete because you agreed to vacate and go into rented, now because everybody has got themselves ready to exchange your digging your heels in - all i'm trying to say is there are both sides, and hopefully now you've agreed to three weeks all should be ok - please report back and let us know what response you get.

In answer to your question, where we would we go? I've been in a position (our last move) where we were in a chain of 7 which had taken from January to the May to get to the exchange stage, then when we were ready to exchange, the top of the chain couldnt physically move into their new property as it wasnt ready, yet our buyers were expecting a baby within a month and literally couldnt wait anymore - we were advised to break the chain ......... so we did ...... the whole chain exchanged on the same day, but from us up had a different completion date ..... our whole house went into storage and we moved in with my parents for the two weeks, then we had a three week period from exchange to completion for the top half of the chain, but the bottom of the chain exchanged and completed within a week. It was very difficult and very stressful for us because we had to vacate and go into storage within a week, with 2 children, both working etc etc - but we done it because we had no choice, well we did, let the chain collapse, but we were committed to moving, which is where i feel your heart in not in it, your not bothered either way.

If you dont go through with it this time, you will still always have 4 bedrooms, five sheds etc etc etc to clear out ......

parisjordana

good luck whatever your decision....but I also get the feeling the other poster has that you have changed your mind and want to stay and If thats the case pull out now and dont make a mistake you will regret....Iv done it in 2003 and slowly Iv learnt my lesson and to listen to my heart not my head.xxxx