Offer accepted but no progress there after

mrginge

ric1982 wrote: »

It is chain free, which puzzles me why is it taking long time

There are tenants. EA have advised that they will be moved out by the time the whole process is finished.

Oh heck we got another one....

Given the above, it seems perfectly sensible for the seller to not appoint a solicitor since you'll be waiting a couple of months (minimum) for the tenants to leave.

Just to add, it's worth remembering that the EA will tell you any old rubbish just to get you to do what they want.

Hoploz

Your solicitor is unlikely to be prepared to exchange contracts until the tenants have left, so this may make the process a little longer than normal.

The seller will need to give the tenants notice, probably 2 months. It would be an idea to find out whether they have already given notice and what date the seller expects that the property will be vacated. Assuming the tenants do leave when requested, you should then visit again to ensure the condition is as you would expect it to be.

It's a bit tricky as the seller may not have wanted to give them notice until they knew for sure they had a buyer confirmed. It's better practice to get the place empty before marketing, but clearly this seller didn't want to be out of pocket for longer than necessary.

ric1982

Its seems like seller is in a bit of less advantageous position isn't it?
Correct me If I am wrong, but If so; don't seller want to move quickly in case buyer backs off?

laidbackgjr

ric1982 wrote: »

Its seems like seller is in a bit of less advantageous position isn't it?
Correct me If I am wrong, but If so; don't seller want to move quickly in case buyer backs off?

Sometimes, maybe they are working as quickly as they can to remove the tenants to allow things to start on the sale side?

Or, maybe they are delaying things in the hope of getting a higher offer on the property?

Each sale is unique in terms of how the negotiating balance sits between buyer & seller - try to work out how things lie with your seller and then plan a strategy to get what you want in the best possible way.

Gadge2011

It's just a mixed process overall...sometimes things move really quickly for a day or 2 and it gets really exciting, and then for the next week nothing happens.

I saw a post where someone said something along the lines 'its a marathon not a sprint"...Seems about right so far from my perspective.

Just be careful with the money you spend is all when it comes to surveys / legal fee's.

martinnathalie9

Unfortunately when buying a house, even if its one you are not yourself moving into, I would expect everything to take x3 longer to do for some strange reason!

I would definitely ring the agency and ask, its good to keep on top of things with them so that they know you won't be messed around. If they are waiting for a better offer it is infuriating, but by pushing them you may be able to make them see its not worth the hassle!

Good luck, it can be very stressful so just try and be patient but efficient!

Nat xo