Objective opinions needed please

Toto

Hi Lyn

Yeah I think that's exactly what's going on. My buyer knows he won't get tenants in until January and he doesn't want to pay the mortgage for that time, so he expects me to.

I seem to remember your buyer wanted you out in 2 weeks, what a good job you didn't rent a place ready to move into. I did but then I needed to be out to put the house on the market in the first place, so I can't blame my buyer for that. I just wish these people were honest from the outset. The bloody minded part of me says he isn't having it just because he has been so underhanded, but the OH is slightly less stubborn than I am. He wants to give it all this last chance too, where as I am ready to pull the plug to make a point just because I am so angry. I do hope yours sorts itself out, I have my fingers crossed for you x

lynzpower

Toto wrote:

Hi Lyn

Yeah I think that's exactly what's going on. My buyer knows he won't get tenants in until January and he doesn't want to pay the mortgage for that time, so he expects me to.

I seem to remember your buyer wanted you out in 2 weeks, what a good job you didn't rent a place ready to move into. I did but then I needed to be out to put the house on the market in the first place, so I can't blame my buyer for that. I just wish these people were honest from the outset. The bloody minded part of me says he isn't having it just because he has been so underhanded, but the OH is slightly less stubborn than I am. He wants to give it all this last chance too, where as I am ready to pull the plug to make a point just because I am so angry. I do hope yours sorts itself out, I have my fingers crossed for you x

Well we havent moved out thats true, but we have a holding deposit put down on a cracking house, and we LOVE IT.

the bottom line is that if you pull out now, youll have to pay the mortgage for another few months regardless.

i was in the exact same situation, where i was literally livid with him for stringing us along. I went back to the EA at this furious state and said I accepted a lower offer based on a quick sale and a cash purchase. the fact this hasnt happened means I could have gone with my other Asking price offer and I was almost threatening to pull out. i said one more lie and I would pull out.

today Im going to turn the screw i think, but need my sol to tell me whether we are ready for exchange or not. Have you checked this with your sol? Are you actually ready ( redemption statement sought, all enquiries settled etc) I realised we are not ready at all, my sols had cocked up and there was a good reason why we hadnt exchanged earlier ( wel;l not good enoguh for me, but I can see what my bugyer was waiting for IYSWIM)

If you are ready, then new enquiries keep coming out of the woodwork then yes, you are right to turn the screw in the way Silvercar suggests.

One thing my dad said was look at the end of the day all these enquiries are costing him money, he probably DOEs want to buy the place is just playing for time. I agree completely. If Id have pulled out 2 weeks ago it would be end of feb easily before wed be moving out, in which case wed lose the rented house we have anyway which we dont want to do, but willing to swallow the loss if we have to . ( 300 quid, but more the fact we really want this perfect house)

If I were in your shoes ( which I am kind of) Id
a) check with your sol is everything ready for exchange
b) if it is, then turn the screw via the EAs as discussed earlier.

you should see some sort of response. If you dont, then start remarketing it in the 1st week of jan with a new agent.

Toto

I checked with my solicitor last week, we have been ready to exchange since Nov 14th, and so we were told was the buyer, but then we get all of these daft questions and enquiries. It seems they ask the questions but every time it comes with a request for cash from me, probably to cover the cost of the enquiry.

I have called my solicitor this morning and left a voicemail saying exactly what I have written to him. Either we exchange this week or the property is going back on the market. So, we will wait and see what happens now.

I do realise that I won't get another buyer right away and will have the mortgage to cover in the meantime, but it will at least give me the chance to get a higher offer (which I had before I accepted this one). Of course I may not get a higher offer, but as long as it's an honest offer I will be happy. What I don't want to happen is to waste any more time than necessary with someone who could in theory keep asking these questions for the next 12 months.

tomstickland

Tell them it's a yes or no from now on. Any more questions are their own problem.

Toto

A mini upate for you

All week I have been at stalemate with the buyers over this indemnity policy thing. It was almost as if they were all holding me to ransom over it, saying it's you stoping the exchange because you refuse to pay the £225. I do refuse to pay it because it is wrong and said either we exchange or the house is back on the market, simple.

Last night I had a call left on my machine from the agent saying they were going to pay it and we will be exchanging today. I find this a bit annoying to be honest, my point was I didn't see why anyone from our side should pay for this when it is totally unnecessary, even my solicitor said it was taking the p***. But anyway, that's what is going to happen.

I will see what happens today, more than likely it will be another day of unreturned phone calls, 3 days I have been leaving messages for my solicitor who hasn't returned one of them. I am not going to push this anymore though, I have made my position clear, either the exchange happens finally this week or I will put the house back on the market with no further messing about, there isn't much more I can say to be honest. So, we will see.

lynzpower

I hoipe it all works out for you toto.

I agree with you, no one shoulds pay it, but if the EA pays it then the buyer has no f-ing excuses left, and really thats the business you are in, breaking down thier excuses and getting to the heart of it- are they gonna buy or not?

I have everything crossed for you this week. Update from me, my sols are still requesting info they should have requested weeks ago :rolleyes:

Wizwoo

Good luck today Toto.

I'd just like to thank you for posting and to all those who replied - I'm about to put my house on the market (I'm a first time seller :eek: ) and I keep adding to my list the good advice that's given on here.

Let us know how you get on.

Wwoo x

Toto

AAAAAAAAAAAAGGGGGGGGGGGGGGGHHHHHHHHHHHHHHHHHH

Well, did we exchange today? Your guess is as good as mine but judging by the silence from my solicitor I doubt it. He was supposed to call me back before 4pm when he closed the office, I started calling at 3, spoke many times to his darned voicemail, no return of call. I called the agent, they had heard nothing either. I am so fed up I could cry.

natwill_3

Toto wrote:

Hi everyone,

I need to ask some advice here because I really just don't know what to do with this house sale of mine anymore.

I accepted a low offer on my property back in October on the basis that my buyers were chain free cash buyers who could complete by mid November. They said they would have no problems completing in this time, it was all just depending on the solicitors doing their thing.

Well, weeks went on and not much was happening apart from multiple questions from the buyers solicitors about one daft thing after another (3 times they asked me what council tax band the house is, despite my buyer owning the house next door), mid november came and went and the end of November was drawing near so I really started to push for answers. It turns out my buyers were still waiting for their mortgage offer!!! I knew they were buying cash, stupid me, I didn't realise they meant the banks cash :mad:

Then we had the Chancel check thing where I told them to shove the insurance policy for that, it's all sillyness, we don't have a church within 3 miles of the house. At this point I told my solicitor to ask them to either exchange within the next 2 weeks or I would pull out.

My agent called the buyer who said he was ready to exchange now, so I waited. Today, I have been asked for another £225 for an insurance policy for some boundry thing. There is an old disused pathway which runs at the back of our row of houses. It's blocked off, can not be used, some houses have nicked this 3 foot bit of land but I haven't, it is fenced at the back, It was never included in the sale, deeds, plans or anything. It isn't mine to sell. He knows all of this because as I have said he owns the house next door. Once again I said no I would not pay for this new insurance thing.

So, I am losing the will to live with this sale. It seems like one stupid delay after another. I had a long chat with my agent today who is pushing for me to continue with the sale (well he would be, he wants his fee) I have an interest only mortgage so it costs me £40 dead money every single day this house doesn't complete. Now I know my mortgage isn't the buyers problem but his silly delays are. My agent/ solicitor say we could complete early January now, but the way I see it is I could still be here this time next year if this continues, there is no exchange yet and who knows what else the buyers solicitor will ask for.

So, my options are.

Pull out and put the house back on the market, in the hope I get a higher offer to cover the losses from this non sale. The agent said Mr Buyer will want his fees covering if I do that (I said he could knock on my door to personally ask for those, he should have thought of that before he lied to me in the beginning).

Pull out and rent the house for 6 months until the mortgage redemption runs out, but risk getting tenants who will trash the house costing me a fortune to get it back on the market again.

Stay with this sale because so I am told a bird in the hand, and all of that.

The trouble is, I just don't know what to do. I do want shot of the place, I am sick of it, I'm tired, I have a zillion other things going on, I'm working 22 hour days 7 days a week this month. But, every day is costing me and at this rate I will be left with a bus fare and a bag of chips out of the equity.

oh I don't know I could rant on for hours. Please give me your opinions, what would you do?

It might be your buyers solicitors, they all seem to be very hot on indemnity policies at the moment, for things that are not really that important or would have been overlooked a few years ago?

Toto

an update for you, sorry it all took so long. We finally exchanged! I couldn't get hold of my solicitor at all before Christmas, so as far as I was concerned the house was back on the market.

Then on Jan 2nd I got a call at 9am saying the reason we didn't exchange before xmas was that the buyer was trying to delay completion and both his solicitor and mine were trying to make him see reason. He wanted a completion date as late as possible in February.

I said, tell him to !!!!!! off, as far as I am concerned the house is back on the market, and I want the withdrawal letters to go out today. The solicitor called back 10 mins later to say they had told the buyer who then magically agreed to complete on the 12th Jan.

I had to think about this for a while to be honest, but in the end my partner decided on our behalf to agree to this. So, we complete on Friday. I am quite glad the whole sorry process is over.

Now the buyer is messing me about with the furniture in the house he asked to buy. But this one is simple, I gave him the inventory with prices, he came round to have a look, since then silence again. But if he hasn't decided by tuesday that he wants the furniture I will simply get a house clearance company in. I don't have the space to store this stuff and no time to sell each thing individually.

So, it's all pretty much done and over with thank heavens.