9 weeks since our offer was accepted no exchange yet

barrybarryr

Hi,

9 weeks ago my girlfriend and I had an offer accepted on a house.

We have done everything and are completely ready to proceed but we still haven't exchanged yet.

The people who we are buying from are purchasing a vacant retirement property.

Each time I speak to the estate agents they say they will speak with the vendors solicitor, promise to call back but never do. This morning when I spoke with them they said if you don't like it let us know and we will put the property back on the market.

We just want to know what the hell is going on and be kept in the loop.

My girlfriend has said to hang in there but I am tempted to cut our losses and tell them to stuff it.

Is there anything we can do? Is 9 weeks and no exchange or any sight of exchange a reasonable time?

Barry

littlesnuggy

My offer was accepted on 7th December and we've still not exchanged! There's been a hold-up ours because its a flat and the lease was defective, but it's frustrating as we're FTBs and the vendor was just renting it out, so there's no chain and it should have been simple and straightforward.

Shouldn't you be getting your solicitor to communicate with the vendor's solicitor, rather than the EA? I wouldn't pull out yet, unless you've seen other properties you like and you're missing out on...

Hippychick

9 weeks isn't too long if you are in a chain to be honest.

The whole process can only go as quick as the slowest person in the chain. If the estate agents aren't calling you back then why not ring your solicitor and see if they know anything further?

I would hang in there for a little while longer unless you actually don't want to buy this property as much as you originally thought.

michaels

Our offer was accepted in September - we exchanged last week...:eek:

Only good news is another similar has just come on on same road for 65k more than we are paying

RacyRed

Our sale was supposed to have been a super fast transaction; it took 13 weeks to get to exchange.

Speak to your solicitors. Does your mortgage offer have a expiry date on it?

Charlie-girl_3

Hi,

I have friends who just bought their first house took more than 6 months to exchange and complete, thinks thats well above average and the chain was short!

The EA doesn't want you to pull out of course, having you tried going into the office to see them, rather than a phone call?? much harder to ignore if you are sat infront of them!

Charlie-Girl

goRt

barrybarryr wrote: »

Hi,

9 weeks ago my girlfriend and I had an offer accepted on a house.

We have done everything and are completely ready to proceed but we still haven't exchanged yet.

The people who we are buying from are purchasing a vacant retirement property.

Each time I speak to the estate agents they say they will speak with the vendors solicitor, promise to call back but never do. This morning when I spoke with them they said if you don't like it let us know and we will put the property back on the market.

We just want to know what the hell is going on and be kept in the loop.

My girlfriend has said to hang in there but I am tempted to cut our losses and tell them to stuff it.

Is there anything we can do? Is 9 weeks and no exchange or any sight of exchange a reasonable time?

Barry

Ignore the EA, they're nothing to do with the process, press your solicitor - that's what they're there for

barrybarryr

Our solicitor pressed today but has only been able to speak with the estate agent.

It turns out the retirement property they are moving into has failed the environmental search and they need a contamination report doing.

The solicitor told them they did not appreciate that we weren't being kept in the loop as to what was happening and that we wouldn't wait around indefinitely.

The estate agent then claimed if they put it back on the market they will put it back on for £10k more than we agreed to pay.

I know the estate agent is talking absolute !!!!!!!! because we have had it valued by the mortgage company and our own surveyor at just over £500 more than we offered for it and the other houses in the area are going for 3 or 4 k less than we offered (slightly different style).

Why are estate agents such useless pricks? All we want to do is buy the property and be told what is happening.

They have an easy life, money for nothing.

princessamy86

barrybarryr wrote: »

Our solicitor pressed today but has only been able to speak with the estate agent.

It turns out the retirement property they are moving into has failed the environmental search and they need a contamination report doing.

The solicitor told them they did not appreciate that we weren't being kept in the loop as to what was happening and that we wouldn't wait around indefinitely.

The estate agent then claimed if they put it back on the market they will put it back on for £10k more than we agreed to pay.

I know the estate agent is talking absolute !!!!!!!! because we have had it valued by the mortgage company and our own surveyor at just over £500 more than we offered for it and the other houses in the area are going for 3 or 4 k less than we offered (slightly different style).

Why are estate agents such useless pricks? All we want to do is buy the property and be told what is happening.

They have an easy life, money for nothing.

Why is your solicitor not informing you better? Your solicitor should be in contact with the solicitor on the other side, not the EA. If they can't get in touch with vendor's solicitors, chances are that the EA can't either. Agreed that it is a load of old tosh about the £10k more thing, but did the EA say that to you or to your solicitor? Don't threaten to pull out unless you mean it. If this report needs doing, surely you are better just waiting? In my experience these things tend to take a week, tops.

Oh, and yes we are all useless pricks. Money for nothing indeed :rotfl:

Fire_Fox

barrybarryr wrote: »

Our solicitor pressed today but has only been able to speak with the estate agent.

It turns out the retirement property they are moving into has failed the environmental search and they need a contamination report doing.

The solicitor told them they did not appreciate that we weren't being kept in the loop as to what was happening and that we wouldn't wait around indefinitely.

The estate agent then claimed if they put it back on the market they will put it back on for £10k more than we agreed to pay.

I know the estate agent is talking absolute !!!!!!!! because we have had it valued by the mortgage company and our own surveyor at just over £500 more than we offered for it and the other houses in the area are going for 3 or 4 k less than we offered (slightly different style).

Why are estate agents such useless pricks? All we want to do is buy the property and be told what is happening.

They have an easy life, money for nothing.

Why don't you start your own estate agency as you seem to think it's such a doss? Very easy to sit on your high horse and criticise an industry that you patently know nothing about. You should be pressing your solicitor NOT the estate agent. Your solicitor should be pressing the vendor's solicitor NOT the estate agent. The estate agent is not preparing any of the documents that will allow you to exchange and they are not going to sign the contracts, so actually they have NOTHING to do with your exchange.

barrybarryr

So what exactly is the point in an estate agent?

You're suggesting they stick an advert on Rightmove and in the local paper wander a few people around a house but then do nothing else throughout the process?

In my opinion they are there to manage the process between the buyer and seller. I appreciate the solicitor will handle the legal aspects but the estate agent also has a role and that isn't to come up with !!!!!!!! each time you speak to them.

If it wasn't for the mortgage company refusing to pay into a normal bank account (for obvious and justified reasons) I would do all of the conveyancing myself so I'm more than aware of the legal process.