Long Stop date or flexible date

chandelyt

I am first time buyer.. saw a house, liked it, made an offer. After some negotiations offer got accepted. Find the solicitor and mortgage advisor. And then agent told it can take 3.5 months as seller buying a house. Didn't like as it was not told before we made offer but agree as thought it's 1 extra month as we thought. Now after 2 months... When everything ready to exchange the contract seller only agree for flexible date contract exchange. Even not agreeing for long Stop date for another 3 months (total 5). I m feeling angry and stupid as left some good viewing in between.

Not sure what I should do. Can people put house on sale without highlighting such clause earlier.

What r my options here. (Rather than opting out or accepting and waiting for no fix date. )?

melstar11

You are being unrealistic as to timescales and sound impatient. You were told early on that you were in a chain and accepted it. There's usually quite a bit of work and communication to keep momentum in a chain.

The average house buying process is something like 11-12 weeks if everything is straightforward. As a FTB you have the least to lose: everyone else in the chain is selling and buying, apart from the person at the top. I would try to be more relaxed about it.

chandelyt

I even offered end of September for long Stop date as their builder have them June initially (or that's what they told me) . My concern is what if build is already delayed and I m the one who don't know about it. Thanks for quick reply