The NEW waiting to exchange thread...

birdmadgirl8

ohdarn said:

We've taken the decision to put our house back on the market.

Must admit, I don't blame you. Your buyer sounds like a nightmare. It's possible we might be doing the same 6 months in. Some big decisions to make this week.

birdmadgirl8

chloeH95 said:

So we signed contracts last week and the sellers contacts are being posted out for them to sign....  does that mean we’re nearly there? 

As @Caz_Mnaz says, it really depends. We signed our contracts early March, so that our Solicitor could be ready to act...and here we are still. Hope it's quicker for you! 

birdmadgirl8

Insomniac101 said:

After 6 weeks of hold up, mainly from our buyer asking stupid questions! Honestly they were so stupid up until the hour before exchange, we have exchanged!! 14months of stress! but of course there will be completion day stress also!! bring on 7 days!

Fantastic news 🎉 that was such a long journey for you! This also gives me hope that our passive aggressive buyers with stupid questions will see sense and agree to exchange.

birdmadgirl8

Insomniac101 said:

 I’ll list the last minute stupid questions next week after completion, just in case any of the parties are in this forum, as they will recognise themselves otherwise 🤣

Can't wait to see those 😂

birdmadgirl8

amandacat said:

I absolutely despair. Looks like I’m probably just going to have to sit and wait now for a fortnight. I really thought we’d be in at some point in May. Looking more like June now. 

Feeling your despair! Why is it that highly paid solicitors just can't get the job done, or communicate? We're also hearing different stories from each link in chain. How they will ever manage to exchange/complete is beyond me. 

birdmadgirl8

laura0289 said:

Hi all newbie here.

So now just the wait. Wish we knew rough how long it'll be until exchange. The good thing is our buyer is a FTB . The house we are purchasing there is no chain so hopefully that means the process will be quicker 🙏 
Good luck everyone 

Welcome! The wait is the great unknown. I'm in same situation as you chain wise. It's taken me 6 months and counting, but others have been  much quicker...or longer. Hope your experience is a good one.

caz_cardiff87

starting to hate weekends because that means nothing is being done to progress the sale.... i'm really struggling to switch my mind off from it. 

Fiesto88

Can’t believe I’m back in this thread. On with our next purchase, but less complicated than most because we’re fortunate to be able to afford the deposit from savings and can manage both mortgages - so taking the temporary hit so that we can move without the pressure before selling this place. 

Buying a house that currently has a large garden, but that’s being sold separately to somebody else who will be building a house on it - was initially hugely put off by this, but after seeing the layout, realised it wasn’t an issue to us. 

Offered and accepted 25th Feb
solicitor instructed 1st March
Mortgage application 18th March
Mortgage valuation matched purchase price 28th March
Mortgage offer 29th March
Building Survey satisfactory 13th April

We’re now temporarily stalled because the buyer of the garden land is waiting for their searches to come back. I believe, once they do, they’re ready to go. And we can’t move forwards until that contract is exchanged with our vendor as our solicitor needs the form (TR1 maybe?) showing the revised titles. 

So, I’ll just be busy filing my nails with a look of displeasure on my face until then. I’d like to complete by 30th June, but I’ve already accepted, short of chasing things if necessary, there’s nothing I can do. The vendor is also keen to get it done ASAP so fingers crossed. It’s not even the rush to get in the new house, I just want to be able to start firming up moving arrangements and decorators etc. 

birdmadgirl8

caz_cardiff87 said:

starting to hate weekends because that means nothing is being done to progress the sale.... i'm really struggling to switch my mind off from it. 

100% this - and the bank holiday is extra agony. 

FTB_Help

Natbag said:

Week 17 I think here @amandacat - although ours is a double chain of three, and a purchase in the chain has had a difficult outstanding issue that has taken forever to resolve. You can see my timeline in my signature.

Just had some positive news; my boyfriend's buyers have taken out house insurance on the house from 7th May - they won't be in by then, but the fact they've been told to do that is encouraging. Although we only know because the letter arrived here and the buyer's name is very close to my boyfriend's name and he opened it by mistake, ooops!

Great news! It was only a few weeks ago when you thought it was all going to fall apart for you, so good to hear you're all back on track