Does this scream difficult vendor or normal?

Immers7

nubbins wrote: »

Not sure why everyone's anti-vendor on this one, if I had two previous fails from what sounds like at least 1 FTB possibly 2 I would be doing exactly the same and not taking it off the market until the 3rd FTB had shown some solid commitment,

If the 3rd FTB had any sense they would look elsewhere.

Showing AIP and proof of deposit should be sufficient. If he had done that in the first place with the first two proposed buyers it wouldnt have been taken off the market and wasted time.

mrginge

Immers7 wrote: »

If the 3rd FTB had any sense they would look elsewhere.

Showing AIP and proof of deposit should be sufficient. If he had done that in the first place with the first two proposed buyers it wouldnt have been taken off the market and wasted time.

Showing an AIP and proof of deposit provides the vendor with absolutely zero committment.

Spending money demonstrates committment.

Anyone who walks because they've been asked to start coughing up before the house comes off the market is deluded.

nubbins

Exactly, like you say either/both an AIP or proof of deposit shows no commitment whatsoever. Normally I would be against spending out on a dubious vendor but from the sound of it the vendor sounds sick to death of keen FTB'ers promising the earth and not delivering.

and as for this:

"If he had done that in the first place with the first two proposed buyers it wouldnt have been taken off the market and wasted time."

read the first post again carefully.

Immers7

mrginge wrote: »

Showing an AIP and proof of deposit provides the vendor with absolutely zero committment.

Spending money demonstrates committment.

Anyone who walks because they've been asked to start coughing up before the house comes off the market is deluded.

Not if most others won't want that commitment. There is no delusion there.

Immers7

nubbins wrote: »

Exactly, like you say either/both an AIP or proof of deposit shows no commitment whatsoever. Normally I would be against spending out on a dubious vendor but from the sound of it the vendor sounds sick to death of keen FTB'ers promising the earth and not delivering.

and as for this:

"If he had done that in the first place with the first two proposed buyers it wouldnt have been taken off the market and wasted time."

read the first post again carefully.

I have, where is the proof of deposit from either of them?

Thrugelmir

nubbins wrote: »

Not sure why everyone's anti-vendor on this one, if I had two previous fails from what sounds like at least 1 FTB possibly 2 I would be doing exactly the same and not taking it off the market until the 3rd FTB had shown some solid commitment,

The agents comments may not be the full story.

LondonGirl252

Hi all,


Not sure what commitment was shown by the first two buys so unfortunately can't comment on that but ours (plus about £20k more) is in my partners account ready to go so I do understand their nervousness but it's frustrating as I know we have done all our homework and are good to go but they don't.


Anyway, I have made some progress this morning. I have spoken to solicitors and they are on the case, I have paid them the fee for the searches and they are now in touch with my EA. I have written confirmation from the EA that there will be no further viewings on the property.


So, today I will be able to call up and finish the mortgage application which will hopefully kick start the valuation and provide me with that final bit of security.


Thanks for your advice, going to stick with it and hope it all goes through OK!

getmore4less

LondonGirl252 wrote: »

. Second time guys deposit was in shares and took 2 months to liquidate so it fell through again.

That's what tells you there is an issue, that story does pass the smell test.

who pulled out?

2 months is about right to be ready to exchange when the deposit would be due.

Dollyrockerz

So is the chain complete? I wouldn;t have forked out for any searches until it was as you will end up losing that fee if the vendors change their mind