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Offer accepted - vendor won't take off market

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  • POPPYOSCAR
    POPPYOSCAR Posts: 14,897 Forumite
    First Anniversary Name Dropper First Post
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    RX-78 wrote: »
    Doesn't exchange of contract refer to actual house buying? The conditions of the offer should refer to the offer, and not the actual transfer of the ownership of the house.

    Probably a grey area in legal world? As I said before there is no harm in writing a formal offer I dont think..

    I am really confused as to why you keep saying this. Others have told you and I have related my own personal experience of this and yet you still think it has some legal implication.
  • sunshinetours
    sunshinetours Posts: 2,854 Forumite
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    RX-78 wrote: »
    Doesn't exchange of contract refer to actual house buying? The conditions of the offer should refer to the offer, and not the actual transfer of the ownership of the house.

    Probably a grey area in legal world? As I said before there is no harm in writing a formal offer I dont think..

    Others have already covered this above, but in simple terms no it isn't a grey area :)
  • FTBFun
    FTBFun Posts: 4,273 Forumite
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    As an update, I've instructed a solicitor and also submitted my full mortgage application, including paying the valuation fees (I'm using the bank's surveyors for the survey). The EA knows about this and has my solicitior details. I had the offer letter through yesterday confirming acceptance of my offer.

    I'm a lot more confident about this now. Thanks for all your input.
  • not_loaded
    not_loaded Posts: 1,187 Forumite
    First Anniversary Combo Breaker
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    Make sure the vendor knows you are proceeding.

    There's nothing worse than silence, and you could lose the property if they lack confidence.

    Good luck! :)
  • FTBFun
    FTBFun Posts: 4,273 Forumite
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    Survey is booked for tomorrow, so it is now off the market. :)

    Thanks again!
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