Major delays - advice sought!

Paul_S_1986

eddddy wrote: »

Why do you think any of this is the EA's or solicitor's fault?

I'm not necessarily suggesting that the problems are their fault. However, they have made a stressful process more so with a general lack of communication/interest (it took me six days of emails and messages on one occasion to hear back from the EA). When I rang on 10th March to ask why the property hadn't been vacated she didn't know and didn't even know who I was.

Paul_S_1986

bouicca21 wrote: »

The house is underpriced? What makes you think the seller isn't looking for more money from someone else?

Realistically the seller is causing problems and clearly isn't committed to the sale. Look elsewhere.

That is exactly what I think. I believe that all parties concerned want us to pull out so that they can put the house back on the market at a higher price.

Re. looking elsewhere, of course we have been. However, as I mentioned, we have now 'missed the boat' for a similar property that we could afford in this area.

Paul_S_1986

The general consensus, so far, seems to be that the seller is not fully committed with which I tend to agree. I am also led to believe that it is the seller's solicitors who are delaying things. I believe that this could be either because they want us to pull out so that the property can be put back onto the market at a higher price or they just don't want to spend more time on such a difficult sale.

Paul_S_1986

davidmcn wrote: »

Hardly surprising, as they are (presumably) on a fixed fee which has long been exhausted, and will be reluctant to invest more time into a transaction which might never happen.

Sadly, I agree.

mrginge

The reason it was cheaper is because there are tenants in it.
And the main reason it's taking so long is because there are tenants in it.

The_Logans

Until contracts are exchanged nothing is binding. I'm sorry you're having such a rubbish experience first time into the house-buying market. We hit quite a few snags with buying our current house. Like you we were chain-free but it was the people at the top of the chain that held everything up. We had our offer accepted early Feb and got the keys on 19th May.


I guess you need to ask yourself how much do you want the house? Are you prepared to wait any longer, or do you pull out? If you pull out you might just find that things will suddenly start moving but they might also just let you walk away. You need to be prepared to take that risk.


Good luck.

Paul_S_1986

mrginge wrote: »

The reason it was cheaper is because there are tenants in it.
And the main reason it's taking so long is because there are tenants in it.

I'm not sure that I agree with the second point. I think that the owner's elusiveness and illness as well as the problems with his son and Deed of Easement are at least to blame.

However, I do agree that all the time he is earning rent from the property he will be in no great rush to sell (at a relatively low price by this stage).

Davesnave

Paul_S_1986 wrote: »

However, I do agree that all the time he is earning rent from the property he will be in no great rush to sell (at a relatively low price by this stage).

If prices have risen as much as you say, why would he sell to you now at the agreed price?

We all claim to be true to our word, but my experience is that people will often eat their words when sums of £30-40k are involved!

Paul_S_1986

If_prices_have_risen_as_much_as_you_say,_why_would_he_sell_to_you_now_at_the_agreed_price?/QUOTE wrote:

Again, sadly, I agree. I believe it's a combination of a relatively low price to start with on top of our town being increasingly popular with DFLs (Londoners) driving up prices.

I am currently trying to find out whether he truly wants to sell to us still, if he's out of hospital.

gingercordial

Paul_S_1986 wrote: »

You sum it up very well. However, the allusion of us being impatient and not proactive is very unfair.

I don't think think lush walrus is suggesting you are being impatient and not proactive. I am sure they think you are being as patient and proactive as anyone could be. Their comment was that, for a house with an absent/ill owner, odd family issues and tenants too, you need to be exceptionally motivated and have the patience of an absolute saint because that is a combination that is not going anywhere soon no matter what you do. Don't take offence - people are trying to help and warn you that this is not going to get any easier any time soon and so you might want to cut your losses.