What are the chances of completion before Christmas?

winnie1988

So cut a long story short, our offer was accepted mid July, chain broke August, chain complete again September.

We are FTB, and the property 2 above us are who we are all waiting for (5 properties in total)

Friday I was told that we are waiting on "inquiries" for that property. It seems to be one thing after another and therefore am trying not to get my hopes up. What are the chances that we will complete within 5 weeks?

FTB129

Im in the exact same situation, and hoping to complete by Xmas.
Ive asked my EA whats the chance and his response was your seller wants this too (!!!)

Im constantly asking for updates but have been waiting for my sellers onward purchase queries for 6 weeks now......:(

argomatt

I am in a similar position, hoping to complete before Christmas, but our chain is short. I don't need to sell and the vendors are buying a vacant property, so a very short chain.

I called the solicitor today and was told it is still possible to complete before Christmas. Estate agent told me a while ago that this is what the vendors want to do too.

The hold ups we could encounter are delays on searches, window certificates etc..

Fingers crossed. :)

I hope that you will get your preferred completion date too.

:beer:

Conrad

Your chances are 18.97%.

Seriously though, no one can answer this. I'm buying a B2L flat with no chain, so far taken 10 weeks, still no idea when will exchange.

These things are completely variable and one factor can influence another and so on.

Don't stress, go with the flow otherwise you give yourself needless anxiety.

jules888

I"m sure loads of people want to be in for xmas.I know how disappointed i was last xmas when we still hadnt moved and was 22nd Feb before we finally did!

originator

see I don't get this rush to be in before Xmas.I am in the process of buying and selling too,but it will take as long as it takes and I really can't be arsed with stressing about completion dates(I've been in this house for 32 years and a few more weeks or months won't kill me)

mollythewestie

We are in the same position: accepted offer in August, then chain collapsed, then we got another buyer to replace the person who pulled out of the chain. The chain is small - we are buying an empty property, our buyers are being bought by FTB'ers who have bought searches from a previous buyer, so theoretically, it shouldn't take as long as it has!

At first we hoped to be moved by mid October, then it was the end of October, then it changed to "by the end of November", we have now told them either we move by the 9th December at the latest, or we wait until the new year. As we don't want to be moving in the 2 weeks before Christmas.

To be honest we don't mind waiting until after Christmas, we just want to know when it's likely to happen - no-one has updated us at all in weeks despite my calls and emails to the EA, it's so frustrating :mad:

winnie1988

I agree mollythewestie - its the "unknown" that is the frustrating thing, if it isn't to be until next year then fair enough but in my chain nobody seems to talk to each other unless I chase it up, which is very annoying!

@originator - I don't mind if we don't move until after Christmas, however in the 4 years we have been together this will be our first house as we have always lived under his parents roof. Yes we will have many more years in our own home for Christmas, but it is just the fact we had our offer accepted in July that we just got our hopes up I guess and now its coming back down to Earth in the realisation that it may not happen just yet.

witchy1066

originator wrote: »

see I don't get this rush to be in before Xmas.I am in the process of buying and selling too,but it will take as long as it takes and I really can't be arsed with stressing about completion dates(I've been in this house for 32 years and a few more weeks or months won't kill me)

say that again after 16 weeks and still no sign of exchange, or after your buyer/seller pulled out because its taken so long,

personally I don't care when we move but my vender is pushing and its not a case of us wanting to complete for Xmas, its a case of our vender losing his rental if we don't

we have no chain just us and vender, we are not selling and he is not buying , I am quite happy to let it take as long as it takes (week 16 so far ) I am in a position I can move anytime , but I do sympathise with my vender and for that reason want to move things along if I can

eagerftb

FTB and Chain Free but no movement for us. Offer accepted in mid October and coming to almost a month and I have everything lined up for more than a week now-Survey, Mortgage, Solicitor but solicitor still awaiting docs from Seller's solicitor with promises of all documentation will be with the solicitor within the week. EA is now chasing the seller (supposedly)...I can forget about completion before Christmas unless the seller wakes up from the slumber he seems to be in.

Vintageryan

Its still a buyers market and if I was a first time buyer I would be telling the sellers that if your not out by such a date we are pulling out.

As a ftb your the ones in the driving seat if the chain is broken above you, then you should tell your sellers to move out, somebody has to break the chain somewhere.

A chain of 5 is big, I am sure Phil Spencer was on the tv saying that a chain of 4 only has a 14% chance.