Waiting to exchange - Not for the impatient!

moneyistooshorttomention

Looks as if I am going to have to tell a white lie then if I get a vendor that is too impatient a temperament to be fair and reasonable to me then.

"Slow inefficient solicitor - ever so sorry" it is then. I expect they've had other vendors have to "lay the blame" on them before now and it will be water off a ducks back to them.

Not very charmed at the thought that someone else may make me tell lies to keep things sweet:mad:...but if that's the only way to keep an unreasonable buyer on board so be it....:cool::(

Just as well I learnt a terminological inexactitude may be necessary because of some peoples attitudes - before I go bouncing around the place commenting on how wonderfully efficient my solicitor is (and indeed they are).

hazyjo

Having a slow solicitor would be NO excuse for a long time between exchange and completion. EVERYTHING is done by the time you get to exchange. No solicitor would need 4 weeks for loose ends or anything.

If you think it's reasonable, I think you should take the hit and tell them in advance that YOU want/need 4 weeks between the two.

Jx

moneyistooshorttomention

But I've just had a couple of would-be buyers say on here that they wouldn't accept the 4 weeks I will be having - even though another poster said they've had it right from the horses mouth that 4 weeks is still the norm (ie from their solicitor).

Rock...hard place..Only certainty is I will be having that 4 weeks gap.:cool::(.

So - do I tell a white lie and save myself from a potential hissy fit from unreasonable types or tell the truth and risk a hissy fit from ditto?

Thankgawd I don't live in a "slow and going down" part of the country. I'm guessing we all tell the truth about this in this area, but will check with my solicitor as to whether that's the case or no. They must encounter some "unreasonably impatient" buyers and I will take their advice on how to best deal with them if I get one.

bclark

moneyistooshorttomention wrote: »

But I've just had a couple of would-be buyers say on here that they wouldn't accept the 4 weeks I will be having - even though another poster said they've had it right from the horses mouth that 4 weeks is still the norm (ie from their solicitor).

Rock...hard place..Only certainty is I will be having that 4 weeks gap.:cool::(.

So - do I tell a white lie and save myself from a potential hissy fit from unreasonable types or tell the truth and risk a hissy fit from ditto?

Thankgawd I don't live in a "slow and going down" part of the country. I'm guessing we all tell the truth about this in this area, but will check with my solicitor as to whether that's the case or no. They must encounter some "unreasonably impatient" buyers and I will take their advice on how to best deal with them if I get one.

What white lie do you think you can tell? A Solicitors work is largely done at exchange so you cant blame that.

What is actually driving your obsession with this 4 weeks?

outdoorcjc

moneyistooshorttomention wrote: »

Looks as if I am going to have to tell a white lie then if I get a vendor that is too impatient a temperament to be fair and reasonable to me then.

"Slow inefficient solicitor - ever so sorry" it is then. I expect they've had other vendors have to "lay the blame" on them before now and it will be water off a ducks back to them.

Not very charmed at the thought that someone else may make me tell lies to keep things sweet:mad:...but if that's the only way to keep an unreasonable buyer on board so be it....:cool::(

Just as well I learnt a terminological inexactitude may be necessary because of some peoples attitudes - before I go bouncing around the place commenting on how wonderfully efficient my solicitor is (and indeed they are).

Isn't Completion date set before exchange of contract so I don't think your white lie would work.

Also you mention earlier that it's only a couple more weeks of rent at worst for someone in rental accomodation, It could be up to six weeks rent (depending on when exchange and completion were set for) bearing in mind most rental agreements require a whole rental period (i.e) one month in notice, if I was forced into a situation where I was having to pay this much extra rent I think I would walk away from the sale, even if this meant I was considered an unreasonable purchaser!

DaftyDuck

It would be most unfair not to be upfront from the off, Money. I suppose I sort-of specialise in buying properties from downsizing elderlies and doing them up - the last four properties I had, including the one I'm doing at the moment, fall into that camp. I and they have always been totally open. All those sales have gone through from offer accepted to me moving in in under six weeks.

I pulled out of another property solely because the elderly lady wanted to find a house to move to at her leisure, now she'd found a buyer (and I'd been assured she was keen to move straight into sheltered/rented accommodation, or wouldn't have placed the offer). I'm still in cheery contact with three of the last four vendors, so none of them could exactly have been displeased how things went! The fourth has passed away, sadly.

I really do hope you find a buyer, and things progress smoothly, but I fear things may not pan out as you (so optimistically) hope. It might help if you recognise that a potential buyer (and certainly your agency) might well view you as an "unreasonable" vendor from some of the entrenched views you express from time to time. A more relaxed approach, and a willingness to be flexible would make your sale so much easier for all parties involved!


Edit: I've just seen your post #54 just after 6, and in my opinion you really need to get some perspective. You seem to be certain that your "reasonable" view prevails in your "truthful" area, and your agents think you helpful.... I fear you may have a nasty wake-up call unless you modify your views a tad. Your view does not seem to be the norm for the forum, and it's not been mine in many, many house purchases over the last thirty years. A couple of people far more versed in the ins and outs of housebuying have suggested the same to you on other threads. Housebuying and selling is about negotiation, flexibility, give & take. ALL parties benefit from that flexibility.

Kastanie

hazyjo wrote: »

If you think it's reasonable, I think you should take the hit and tell them in advance that YOU want/need 4 weeks between the two.

Exactly! Take some responsibility. Why blame the solicitor, who you've already admitted is wonderful, yet you're prepared to tarnish their name? Why blame your future buyer, who you've not even met yet (!!), for their "attitude" which is "making" you tell lies?? You already seem convinced they're going to be so unreasonable and force you to do something you don't want - why?? In an earlier post you say you want to be "honest and upfront".... so just BE honest and upfront.

Ne5555

"just got in touch with my solicitor and he told me that if next friday is fine for exchange.(he is going to request mortgage)"

This is from last week and today Seller sent me a text asking for exchange date.
Apperantly my solicitor didnt call the sellers solicitor for exchange date.
This puts another one more week to process. I am at my end,
I dont know what to do with this solicitor. Is there anywhere I can complain.
Mortgage has been done in just under 4 weeks back in january.
There is nothing holding up the process except my solicitor
At the moment I am imagining all sorts of and worst is if he runs away with the money.
Am I under any protection for this?
Anyone please?

TMC35

Smiley1987 wrote: »

Me and my missus are FTBs and have bought a 3 bed house for £170k with a 20% deposit - we saved for years to be able to afford what we want.

I don't understand how a lot of other people our age group (mid 20's) cant afford to save a fair chunk of money every month - especially if you live at home

Well done for managing to save 20% and buy your first home.

People can struggle to save up for a number of reasons but for me it's mostly due to not meeting my husband until later in life hence not having as many years together to save up for a decent deposit.

I didn't meet my husband until I was into my thirties and at the time was low paid so struggled to save anything on my own. Fortunately now I have a much better paid job and therefore am able to save for a deposit but where I live you are lucky to get a half decent 3 bed for £250k, hence the money you need to save significantly more.

Everyone's situation is different and life isn't always that simple.

Velvet_Glove

Our solicitor has sent us a copy of an email from the sellers' solicitor stating "our clients are willing to complete by the end of this month" [April]. Hurray! I'm still banking on it being May though.