Verbal acceptance of offer on my house

phoebe1989seb

Soot2006 wrote: »

I bought at this time of year 4 years ago ...

Offer was accepted quickly, mortgage and survey arranged that same week.

Then took 5 WEEKS for the survey to actually happen. Vendor was getting very stressed and mumbling about going on the market, but thankfully our solicitor convinced theirs that it really wasn't our fault at all as survey had been arranged and paid for. As survey didn't find anything untoward we exchanged 2 days after and completed 1 week later. Talk about going from stress, stress, wait, wait, patience to GOGOGOGOGOGOGO.

Things can move slow then they can move quickly. In your situation it seems more likely that you will end up waiting 12 weeks between survey and exchange than between exchange and completion. 12 weeks in which the buyers might be keeping an eye on the market because *why not?* If you do convince them to exchange and ahve 12 weeks betw exchange and completion, what happens if your purchase doesn't go through quickly enough, if YOUR survey takes time or finds something wrong ... you'll be in the same situation of needing to move into a rental, etc ... and you'll have dug your own grave for it!

This ^^^^^

To add to my previous post, whilst our buyers/their lender took five weeks to arrange a survey (and we were looking to move between 150 & 200 miles with a very strict set of criteria ), like Soot2006, once their survey had been done it was all systems go and the whole process from day 1 of marketing our house to completion (on both sale and our forward purchase) took less than three months.......

If either us or our buyers had insisted on a 12 week gap between exchange and completion, I think someone would have got bored/seriously cheesed off and walked away!

OP, if you must have 12 weeks between the two in order to find somewhere suitable, you may well have to accept that going into rented temporarily is your best option......