What do we do?

allylou2002

Hi all,
You have all been so helpful in the past so thought I would stop in to ask another q!

We accepted offer on our house, great - had offer accepted on house we wanted to buy - great but then out vendor tells us (30/12) that she may not now be selling, still not confirmed due to grants etc for mothers care. We are still hoping she will sell but we have no idea when she is going to make that decision. (Had surveys done, final mortgage offer due to be issued). We are again looking for houses n
But it's hard to let go, knowing she MAY still sell.

We received documents from our solicitor regarding the sale of our house - I have told solicitor and EA. The situation, do we send paper work back or hold on to it? We don't wan to lose our sale but we do to want to lose our home either ?!?!

It's all so frustrating & confusing....we don't want to frustrate th lad buying our house, he is a nice guy and I am sure he is excited to move in (as we were to moving on)...this all started end of November.

Argghhh

might sell might never sell you could offer her extra 5k to assist with her costs for mother? depends how much u really want the house

allylou2002

We have thought about that Arrgghh but If the council grant her funding she said she doesn't have to sell at all. She waiting for social services and talking to friends they are a law unto themselves...

stator

I would just place things on ice for now. Don't incur any extra costs until you know. You might want to let your buyers know, are they in a rush?
Maybe keep looking for something else?

Loopy28

I think it is unfair that you are being made to wait, I too have been in a similar situation and the vendor ended up pulling out.

You need to consider how likely your buyers are willing to wait if things will take a little longer as you will either be waiting from an answer from the vendor or if it does fall through they will need to wait for you to find a new house.

I would be honest with your buyers, communicate the situation via your solicitor to your buyers and see what their reply is. They will say if they are urgently wanting to move or happy to wait a while. That may then aid you to make a decision.

Dr._Shoe

Sometimes I hate living in this country. Whe I was a kid we lived in the USA for a while and we sold a house and moved into another one in a matter of about a fortnight. All the houses we went to look at had only just come onto the market but were vacant. All the surveys were already done (a bit like the HIPs they tried to introduce here). It seems that over there they tend to buy the new house before selling their old one somehow.

IMO as soon as you accept an offer then you should be compelled to complete subject to the buyer coming up with the readies of course.

stator

Dr._Shoe wrote: »

It seems that over there they tend to buy the new house before selling their old one somehow.

Perhaps their house prices aren't so ridiculously high?

allylou2002

Should we send the paperwork back?

stator

What paperwork exactly are you talking about?

ruggedtoast

allylou2002 wrote: »

Hi all,
You have all been so helpful in the past so thought I would stop in to ask another q!

We accepted offer on our house, great - had offer accepted on house we wanted to buy - great but then out vendor tells us (30/12) that she may not now be selling, still not confirmed due to grants etc for mothers care. We are still hoping she will sell but we have no idea when she is going to make that decision. (Had surveys done, final mortgage offer due to be issued). We are again looking for houses n
But it's hard to let go, knowing she MAY still sell.

We received documents from our solicitor regarding the sale of our house - I have told solicitor and EA. The situation, do we send paper work back or hold on to it? We don't wan to lose our sale but we do to want to lose our home either ?!?!

It's all so frustrating & confusing....we don't want to frustrate th lad buying our house, he is a nice guy and I am sure he is excited to move in (as we were to moving on)...this all started end of November.

I think you are over complicating this situation. You have a flaky vendor who is mucking you around, and a buyer who thinks you have sorted your end of the chain out. You are not in a position to move.

I would start looking for somewhere else to live right away and be honest with your buyer; otherwise he will get as annoyed at you as you are with your vendor.

I would be inclined to instruct the vendors agent that unless they are able to exchange by X date, you will begin looking for other houses, though your original offer will remain should they decide to stop !!!!ing you around.

I have been through all this he said, she said, if X happens then B will do Y which will mean Z will be in a position to finally move Chinese whispers cobblers in house buying chains.

You can spend hours trying to mind read a load of people in a chain you have never met based on a few scraps of information which are probably entirely misleading anyway.