Help needed if sale falls through...

Propertyfan

Deleted post.

notanewuser

Propertyfan wrote: »

The bottom line - as is with most things in life - is "let's make it even more complicated than it has to be."

Let's repeat the same searches, waste more paper on the reports, waste more printing ink, waste some local authority employee collating the data (or whatever company helps get all the facts - I believe the company is called Landmark), waste more time doing the same flood check, envirosearch, drainage/water search, plansearch plus, when it's already been done. And let's waste the vendor's time even further even though he (myself) will have told the prospective buyer that the previous buyer pulled out at the last minute and all the relevant paperwork is with his solicitor. Let's all waste another two months even though the solicitor often works half-days and don't even bother to return most phone call queries and emails.

Geez, if there is a cack-handed way of selling properties this must be it. Anyway, if I do sell and move to a new property then I will be grateful. But it doesn't mean I have to admire the process to achieve that result. I'm sure other people can relate to that!

You don't think that will send the next buyer running for the hills as well? :rotfl:

DaftyDuck

I'd never trust a second-hand search, and I'd certainly not use a solicitor who was content to accept such a situation. Others have said it, and I'm with them. I want the latest information. An unscrupulous 'propertyfan' might have engineered a 'sale' to a friend that fell through at the last minute, but sell to me quickly at a bargain price so long as things move quick, quick, quick... so I use the old searches, only to find Mrs propertyfan has just, just just got planning permission for a six storey block of flats on one side, and uncle fester-propertyfan has planning permission to turn the neighbouring garage into a kebab joint. So, I turn to my solicitor, who says "nowt to do with me... you chose to use those searches, I didn't do them, no comeback guv".

Also, solicitors and their thoroughness vary enormously. I use the same solicitor most times. He's odd. He works from a carppy office at home. He has a speech impediment. He's often gardening during office hours, and spends much of the day playing with his kids. He also has a sixth sense for when things aren't all they should be, reads and highlights all documents before emailing them out to me as clearly labelled PDFs - and has even emailed me at 10pm on a Sunday. He has, on regular occasion, made mincemeat of other solicitors and agents and their ham-fisted attempts to slow/hide/ignore matters. He's extremely fast when needed. He's found planning oddities, suggested a wider environmental search on the grounds he "felt like it".. and found all sorts of hidden problems. To give him old searches would be like giving my wife an out-of-date box of chocolate buttons for valentines. I'd get nothing back that night.

It's pretty much the same with a reused survey. Often, when a sale falls through, the survey is offered by the pulled out buyer, vendor buys it, and offers it to next buyer... for a price.... I'd love a look but, again, I'm not going to trust the word of somebody else's choice... and there's absolutely no recourse if anything does fall apart.

Searches might form less than 0.1% of a purchase cost. They can be done in parallel with other work. There will normally be no delay from having them repeated. You will have legal recourse if there's an omission. You will sleep at night, and your wife won't scream blue murder at you for the next forty years. Money well spent!

ValHaller

Propertyfan wrote: »

I can understand your points - the non-emotional side of my brain appreciates what you say but the more emotional side of my brain - the one that wants the sale to go ahead relatively quickly and not be bogged down in tedious repetition - can't accept this line of 'reasoning'.

Both the rational and the emotional sides of any prospective buyer's brain will want to use their own searches rather than yours. If you are doing this from the emotional side, you risk engaging the emotional side of a buyer. It won't be pleasant and it will waste loads more than it takes to get fresh searches if you lose your next buyer through this idea.