Dealing with a management company.

Jimbo29

Are they always this slow?? Nearly two weeks and still no reply to my offer. Have been chasing the EA but they just keep saying that are waiting for a reply from the seller. driving me up the wall:mad::mad:

eddddy

What do you mean by a management company?

There are management companies that manage blocks of flats, but they don't usually own properties to sell.

Jimbo29

The house that I'm after has been up for sale for nearly two years... The first year it was being lived in (the pictures showed this) the second showed an empty house. Talking with the estate agents and doing some internet research it looks like the guy has sold to a property equity company for quick sale.

So now that property company are using a management company as a middle man, and it's just a disaster, Taking ages. Really annoying because it feels like I'm getting no where at all. Have put all my eggs in one basket for this house as well, got someone moving into my house in 4 weeks. Looks like I'm bunking with parents

csgohan4

are you a cash buyer or need a mortgage?


if it's taken this long I would walk. If they can't be bothered in getting back to you, then why should you bother with your offer. Give them an ultimatum, offer by end of week or you walk.

eddddy

csgohan4 wrote: »

...
if it's taken this long I would walk. If they can't be bothered in getting back to you, then why should you bother with your offer.
...

I suppose that would be a dramatic gesture, but maybe Jimbo29 likes the house and wants to buy it!

csgohan4

if mortgage needed, 4 weeks is really pushing it, surveys, searches not even done yet

Jimbo29

No I would need a mortgage. I love the house and have done for ages, they wouldn't accept an offer until I had an offer on mine, ridiculous really. And then with my offer I had to send them my AIP and where the deposit was coming from, still nothing.

If I had another house I was interested in I would of sacked this off straight away, I have a little boy who's two so I need stability. Is there any action that I can take? I've asked the EA for the management company's number but she said she wasn't allowed ( understandable really)

With my internet digging, ang knowing the name of the lady who the EA talks about I think I have a good idea of the Management company's name, would I be jeopardising my position of I was to ring off my own back?

AlexMac

If you do ring 'em try not to sound as desperate as you are really feeling; be businesslike not needy! While selling and buying is a hugely personal business to most individual buyers & sellers, and the most important/life-changing transaction we're ever likely to deal with, in this case you're dealing with someone - or worse, a chain of someones - to whom it's just a job, not a personal priority. And maybe selling this property is only a marginal bit of their core business, so low priority. Or being more generous to this faceless aparachik, maybe they don't have enough status, knowledge or authority within their agencies to kick !!! and get the information back via their lawyers to your conveyancer...?

This happened to us when trying to buy a BTL which was owned by a developer who'd taken it in part-exchange on a new property. Their real business target was selling a hundreds of new fats, so the odd old one was on the margins, and, infuriatingly they seemed incapable of answering the usual basic questions as part of the conveayncing paperchase... In the end we just gave up and walked away because it was like drawing teeth... but that didn't matter (well, the £700 in wasted legal fees did) cos it wasnt our own home.

So if it matters to you (as it obviuosly does) do what it takes; ring 'em, but don't 'paint yourself into a corner', nor make threats you then have to back down from, be patient and expect longer delays than seems possible.

Good luck

Jimbo29

AlexMac wrote: »

If you do ring 'em try not to sound as desperate as you are really feeling; be businesslike not needy! While selling and buying is a hugely personal business to most individual buyers & sellers, and the most important/life-changing transaction we're ever likely to deal with, in this case you're dealing with someone - or worse, a chain of someones - to whom it's just a job, not a personal priority. And maybe selling this property is only a marginal bit of their core business, so low priority. Or being more generous to this faceless aparachik, maybe they don't have enough status, knowledge or authority within their agencies to kick !!! and get the information back via their lawyers to your conveyancer...?

This happened to us when trying to buy a BTL which was owned by a developer who'd taken it in part-exchange on a new property. Their real business target was selling a hundreds of new fats, so the odd old one was on the margins, and, infuriatingly they seemed incapable of answering the usual basic questions as part of the conveayncing paperchase... In the end we just gave up and walked away because it was like drawing teeth... but that didn't matter (well, the £700 in wasted legal fees did) cos it wasnt our own home.

So if it matters to you (as it obviuosly does) do what it takes; ring 'em, but don't 'paint yourself into a corner', nor make threats you then have to back down from, be patient and expect longer delays than seems possible.

Good luck

The most sense I've heard from anyone in the past month or so mate, thanks. Shame how i get good detailed information from a forum, and not from someone who I'm paying money to. You make a good point when you say that they are in a business and it's not personal, makes sense really. Suppose they need to work out facts and figures etc before they commit.
Will wait a touch longer before I ring, end of week. Thanks all