Tearing my hair out over house sale - please help!!

lynzpower

let us know how you go on

good luck , theres too many pi**takers about for my liking

natwill_3

bartsimpson wrote:

Right, I've just let them know that if they haven't exchanged by close of play tomorrow, they need to send back the paperwork.

Finally feel like I've taken the initiative on this.

Fingers crossed now....

Do it, I was a buyer who felt they had the upper hand and messed my vendor around a bit, when he said exchange or I'm out I pulled my finger out to exchange

If yours don't then probably they are not that serious, so frankly sort the buyers from the messers!

Doozergirl

You're doing the right thing and I would not exchange and complete on the same day. No way!

They sound exactly like the sort of person that moov-in describes and I would not trust them at all.

Nenen

For what it's worth, I think you've done the right thing and I wish you all the luck in the world after such a stressful time.
Many years ago, when we were selling our first house, we were in a similar situation with our buyer continually stalling over exchange... giving every excuse under the sun. Eventually, we said 'enough is enough' and gave a date by which if the exchange hadn't happened we'd put it back on the market. The date came.. no exchange... we put the house back on the market (with hearts in mouths). The next day we had three separate offers, all at the asking price! In our naivity we hadn't realised that in the interim 4 months he'd been messing us about, prices had risen significantly (that's probably not the case today of course) and our house was then undervalued. Mind you, we were pleased as we got a bit more than the offer we'd originally accepted from the timewaster.

The real salt in the wound however, was finding out afterwards that our estate agents had been in collusion with this guy all the way through. He was a property developer who wanted to turn out house into two flats for a profit. He had been waiting for planning permission (totally unbeknown to us) but with the full knowledge of our EAs who had helped him lie and stall!!! :mad:
Unless you are 100% happy with your EA I would consider changing when you remarket!

stevie_wonder

Good luck - I hope they come through for you and agree to exchange.
Come back tomorrow and let us know!

Madjock

it sounds to me like they havent got a mortgage offer yet and theyre trying to stall you.

bartsimpson

Quick update - the buyer's solicitor this morning has said that they can't possibly exchange before our 5pm deadline because they haven't yet sent off the 'Certificate of Title' (whatever that is) to the lender.

So they've thrown the ball back into my court....

Where do we go from here?

anniestar

Stick to your guns. Good luck.

Debt_Free_Chick

bartsimpson wrote:

The buyer's solicitor has repeatedly put off the exchange date - today was the final straw for us when they said that they don't want to exchange until the completion date because they want to be sure that their funds came through ok (they blamed it on a 'picky' lender)

As far as excuses go, this is pretty !!!!!! poor!!!!

Money comes through on the day of completion. So it doesn't matter whether you exchange today and fix a completion date of x - or whether you aim to exchange & complete on day x. Either way, he will still have to wait for the completion date to arrive to know that the money has been sent.

In addition, getting the money from the lender - picky or not - is the solicitor's job. The money goes to the solicitor.

I suspect that the buyer is not being truthful here.

Go back to his solicitor with the situation I've outlined in the first paragraph of my reply. Tell his solicitor that not exchanging now does not help at all with his concerns over receipt of funds. Ask the solicitor to confirm the buyer's preferred completion date, but insist on exchange ASAP.

One of two things will happen. Either the buyer will agree to exchange and agree on a completion date. Or he will roll out his next excuse.

Unless, of course, he pulls out altogether :mad:

Mrs_Optimist

bartsimpson what a nightmare! I would be very temted to stick it back on the market if only to buck your buyers ideas up. His solicitor doesn't sound very switched on at all. HOWEVER I know it is easier said than doen especially if you have your heart set on another house. I do agree with other posts about NOT agreeing to exchange and completion on the same day. Your buyer has been calling the shots up until now, you also have some control over this and refuse to complete on the same day as exchnage. If your buyer deson't like it then tough - he will lose out on his survey fees etc.

Let us know how you get on.