Vendors taking forever to find onward purchase...fed up

xylophone

We just can’t find anything to match up to it.

Your vendors feel the same?:)

And worse, they want to surpass it....

reallyjammyjam

Oh I know I dont begrudge them for wanting to find their perfect home and I do understand why they dont want to move into rented.
We've been very patient so its not like ive been constantly at them (ive been calling the EA once a month, I must be a dream buyer!).
However I challenge anyone to not feel frustrated after nearly 5 months.
So I dont feel annoyed with them for all that, I just wish they had been more upfront about what they were willing to do. Im only annoyed now because th vendors are ignoring EAs calls, I think it would be curteous to make a two minute phonecall to update about the house they were possibly going to buy, especially given that they were the ones that called the EA about it in the first place.

I know logically in my head that I might not find a house as nice and we are looking at other options, its just difficult to take that leap and accept that we might end up with something that we dont really like. I know im a nightmare!

Thrugelmir

reallyjammyjam wrote: »

Oh I know I dont begrudge them for wanting to find their perfect home

Normally there's a degree of compromise. As you can offer to buy what's on the market. There's no rhyme or reason to when properties become available. Sometimes there's few available in a particular area for years. Particularly now as people are moving less often again.

Chanes

We made our purchaser wait but we said for the patience we would reduce the price by 2k and NO IDEA when we would move out. As it turned out she waited 6 months total. But they knew we had 10 viewings and 4 offers at asking price in 3 days of it being on the market and we could have sold it again if they pulled out, even the EA advised them of that. If they would have tried to rush us we would have scrapped the 2k deal and sold to someone else. If it's worth having it would be worth waiting for?

Oddly enough, that is what to the original owner did too. But we loved it enough to wait and we were living rent free at a family home.

Sedge123

We were in your vendors situation and I can assure you it's very stressful. At the end of the day we weren't going to be pushed out of our house if we hadn't found the right property for our family. Be careful about applying pressure, if our buyers had done that we would have taken the property off of the market v

jackomdj

We were in a similar position to you, although we owned the property we were living in but were planning on letting it out.

We had someone lined up to rent it and the people we were buying from couldn't find anywhere. Luckily for us a house two doors from the one we liked was on the market and they dropped their price bringing it into our prie range.

4 years on and the people we were going to buy from still live there!

reallyjammyjam

Sedge123 that's our thinking re applying pressure, and we aren't sure yet of letting them know we are looking at other properties just for that reason.

Chanes similar to our situation, the house we want is very nice and not very common. They definitely wouldn't be short of another buyer and they know that! If we have to wait 6 months all in all that's fine as we would complete next month lol. At this moment in time looks like it will probably be a year!

reallyjammyjam

jackomdj wrote: »

4 years on and the people we were going to buy from still live there!

noooo! Worst nightmare! Well we certainly won't be waiting 4 years :eek::eek:

kinger101

I'm in a similar position but know I don't have a strong hand as if I pull out, they'll easily find another buyer. I too wish they'd been more honest (about saying they'd consider going into rental for a while) but I should have called their bluff when I made the offer.

The only thing you can do is keep on looking and hope to find an alternative you're happy with which can complete in a more reasonable timeframe. I don't think issuing ultimatums is going to be effective if their house will sell easily. They'll happily sell it some someone else for what will now probably be a bit more they you were going to purchase it for.

I think it's more than likely I'll pull out of the one I'd originally offered on now, but there's no point doing it until I've had an offer accepted elsewhere. It just seems a drag that I'm back at square one.

Wi88le

lavalamp1 wrote: »

In the exact same boat! I am chain free and waiting 9 weeks into the process for the vendor to find a house to buy. Luckily I havent spent a penny but my mortgage application will be expiring in around 6 weeks. As much as its easy to say to start looking for houses elsewhere, sometimes you get very emotionally attached to a house where it ends up being very difficult to let go. Plus nothing else decent has come up for me to let go.

It is becoming frustrating as the days and weeks pass as sometimes I wish I had more leverage :-(

Still waiting on my request for them to move into rented but as per usual I am having to do all the chasing!

You have leverage, although not major leverage, your mortgage offer runs out in 6 weeks, find out if you can extend it slightly as 6 weeks will be to short notice even if they found something tomorrow, then use that date as sale proceeds or you have to pull out due to lack of mortgage, of course this probably means they would have to be prepared to go into rented if no purchase was looking likely.