First Time Buyer HELP!!! PLEASE!!!

petchy

yeah, its all just frustrating more than anything.

I'm going to see if i can push forward on exchanging contracts as soon as it can be done, and then giving the vendors a few weeks 4-8 to actually moved and hand over the keys?

What do you think?

david29dpo

well worth a try, but dont bluff. if this is what you want, stick to it. i did this, and it worked for me, on that occasion, and the sale went ahead. but you have to mean it.

petchy

Yeah, it is what we want, but just feel very hard done by with the vendor not appearing to be honest!

rach29

It's a hard truth that many vendors are not as honest as you or me would like them to be.

The problem here is that your vendors cannot agree to exchange contracts on your purchase unless they are prepared to move out to parents/rent or unless they are in a position to exchange on their own purchase.

The decision you have to make is wether you like this house enough to wait for them to do one of these things. Remember you will have paid for the solicitor to do all the paperwork by the time you get to exchange.

If this is the property you really want then really the only course of action you have is to wait until the vendors find a property for themselves & then hope it's a short chain.

I am not trying to be deliberately pessimistic here, I just want you to have all the facts so that you dont end up disappointed & out of pocket further down the line.

petchy

Yeah.... its just were being honest, and they arent! and were getting hit by this!

rach29

That's right you are & they aren't.

You were & they weren't & you are suffering as a result I agree, but there really isn't much you can do about it.

The only other option I can think of is speaking directly to your vendor and letting them know (nicely) how you feel. Maybe they'll change their minds

All the best whatever you decide to do

petchy

apparently, as of yesterday... the vendors have had an offered accepted on another house! so fingers crossed!

rach29

That's fantastic! Just the result you wanted.

Now's the time to get the EA to check out the chain above & find out what the exact position is before you get the solicitor to get going.

Keep us updated with how it goes.

Richard_Webster

As a conveyancing solicitor I keep finding this kind of thing happens.

Why have they changed their minds? Was it entirely cynical or perhaps they just too easily assumed that they could rent somewhere short term or that friends or family would put them up without checking?

Generally people don't move that often and can make assumptions about what is possible without checking through the detail (in this case e.g. the availability of a very short term private let) - they tell others what they are going to do and then realise it won't work and then the others go back to them accusing them of all kinds of things, all because the first people assumed too much too easily! This is a point of general application in house sales and purchases!

Whilst sometimes people are really cynical and say anything to get a buyer on the hook, in a lot of cases it is more about the sellers not really thinking through the implications of what they are saying. So, if you went back to them on that, before you made an offer, asking for more detail about what they were going to do, to find out whether they have checked it all out, then they may either have felt they'd got to admit that it might not be possible to move out, or would feel more morally committed to you if they decide to proceed. A third possibility is that they wouldn't give you realistic answers at all, which is a warning sign.

This doesn't seem to have happened here - but never believe what an estate agent says if he tells you the sellers will definitely move out - get in touch with the sellers themselves and check it out - they may have been caught on the hop and said something like "Well, I suppose, if we really had to, then my parents might be able put us up for a few weeks..." That's pretty conditional, and not a definite commitment but estate agents have a worrying habit of not hearing any of of the qualifications!

It often seems that the ideal house has selllers or an upward chain from hell and the similar house down the road with no chain at all is OK, but that's all. You can't fall in love with it!

As a conveyancing solicitor I believe the information given in the post to be useful but I accept no liability except to fee-paying clients.

petchy

Thanks for the advise!

We have got the survey back on the property now, i havent had chance to read it yet, however there do appear to be a few jobs that need to be done, minor, yet still need doing?

Do you think it's worth asking the vendor to fund these? or a possible reduction in the cost of the house purchase price?

...i'll give more details for the faults when i get to read the report!