Sellers won't move out!

lindabea

PhilDS wrote:

Thanks guys.

I feel really let down by these guys and their agent. There must be a better way :rolleyes:

By the way. We started looking at other places yesterday when we heard the bad news. More out of spite I guess, but the places on offer look pretty good. I guess there's always a positive angle to look at it from???

I was in a similar situation a few months ago. My sellers told me that they would move into rented accommodation, then 1 week before we were due to exhange, they backed out. I lost a lot of money as a result.

I'm afraid this happens quite a lot, and it is something that will continue to happen. The dreaded ill-thought out HIPS will do nothing to alleviate such situations.

clutton_2

""They still haven't put their house back on the market so obviously were stringing us along all the time" we have no idea what has been happening in these people's lives, all sorts of traumas may have stopped them re-selling - surely there is no reason to assume that they were deliberately targetting you to annoy ?

Selling/buying houses is a dreadfully traumatic time for everyone, but, - if we could but put ourselves in the other persons position, and see things from their point of view also, it might make it easier to deal with.

PhilDS

Thanks, Lilibugs. That is a good idea. Perhaps instead of pulling out on the 15th, we should make the same demand that you did. I don't mind waiting 4 weeks after exchange if that's what it takes to get to them to commit to the sale.

Clutton, it seems that our sellers aren't seeing it from our point of view so why should I sympathise with them. We have given them ample time and opportunity to sort themselves out! Humans are driven by incentives. If there is no incentive for them to move out, they won't. I simply have to show them the incentive. ie. move out or lose your buyer. They might be happy with that, I dunno, but we will see next week.

clutton_2

PhilDS - you say ""There must be a better way" - i'm afraid there isn't. The current system is a real dogs dinner, but, we all have to live with it.

yours is but a small chain, and i would remind you that
they have already made a HUGE move towards your preferred moving date by

""They have said that they will move into rented accommodation while they are trying to find a house to buy""

They are already incurring 2 lots of moving expenses for your convenience.

4 weeks is not long at all to find another home, they may be viewing houses which are still tenanted and there are a few weeks before vacant possession is available.

Give them a break !!!!

PhilDS

I guess I can't really express how this transaction has gone so far so you're quite entitled to your opinions, but...these guys OFFERED to move into a rental place once we get to exchange if they hadn't found a place to buy. If their requirements were such that their dream house hasn't come onto the market in the last 3 months I think that that offer is the least they would have to do! Any buyer would not wait 3 months for their vendor to find a house to buy.

I take your point about current tennants in prospective rental places, but agreements can still be signed with sitting tennants if they are due to leave on a date. Like I say I don't mind waiting for that date, but they have to show willing and exchange contracts.

I dunno. I'm getting the Sunday morning feeling..."Never again!"

jamminjamaica

i would be annoyed aswell. i did not put my house on the market until i knew we had found somewhere we liked. touch wood all is going to plan. i had no idea house buying / selling could be so unorganised.

Sootzer

Would there be a possibility you could move in with friends or family yourself in the meantime...i know this seems unfair to have to do but.....A...........your end of the chain would be safe and complete ie your buyer not putting pressure on you or pulling out because they are fed up and kind of in the same situ as you.and...........B.......you would then be chain free and in a very strong negotiation position if you decided to buy elsewere instead. HTH and Good Luck.

silvercar

We had exactly the same problem. Our sellers were held up by delays from their seller. They refused to exchange without somewhere to go and we said the same. It ended with our buyers being forced to exchange with their buyers, who gave them 6 weeks to complete. They then had nowhere to go to and rented a place for a year and consequently pulled out of buying our house. Even though we found new buyers within 2 days, our seller used it as an excuse to incredibly find 2 buyers who would pay £35,000 more than our agreed price and we were left gazumped.

All worked out in the end, better house & better sale price but at the time I was really annoyed that our sellers had caused the delay and then used it to their advantage.

You may have to choose between losing the house you want and losing your buyers!

PhilDS

Sootzer...yeah, we could move in family but I'm only prepared to do that as a last resort. We would if we were in danger of losing our buyer as that would be bad Also, if we did I would be looking for a reduction in the sale price because of our inconvenience.

We'll just have to play the waiting game for now I think :rolleyes:

lilyann1

We've had similar problems where originally our vendors said they have a house in Spain so they'd move there while the property they were purchasing got sorted here so that the 3 of us in the chain could move,they then didn't do this and so the bottom buyer pulled out as it was taking a long time.
Then our vendors pulled out of their purchase.

It's all back together again and the people that our vendors are buying off have said they move into rented acommodation,but whether they will or not when the time comes is another matter?

We would move to rented ourselves if we had to, but it seems to be us stuck in the middle that has suffered from both these episodes.I have 3 kids and our vendors and the place they are buying are both couples with kids left home.The 2 below us are a ftb and a young couple with a small child,so i feel that it would be us that suffered most to move to rented as we have the most stuff and the most people to move!!!!

Just don't know when this saga is going to end.We do know you cannot force people out of their homes though and we just have to wait and hope.