The NEW waiting to exchange thread...

BountyBlink

Justonemorecupoftea said:

BountyBlink said:

Justonemorecupoftea said:

Well looks like they've pulled out. We're going to have to agree on a lower price and we've wasted weeks and I'm not sure our onward purchase is going to hold on for us and we've spent over £1000 on fees.

The idea of remarketing again when I'm heavily pregnant is also not ideal.

I hate this system and I'm going to have a little cry.

Cry it out! Oh not nice. Have a cup of tea and then when you feel ready formulate a plan. You might not lose your onward purchase, you just need a good plan ahead. 

Unfortunately this is the second time our sale has fallen through (we foolishly went back to the same buyer who came with their tail between their legs) so we've wasted more than 6 weeks.

I'm so angry.

My dear old dad Used to say to me “what will be, will be” we have had 3 chains fall through, broken a chain, moved to a tiny rental, put our house on market in October, but somehow things do just work themselves out even when you think everything has gone wrong and can’t be salvaged. Hopefully your agent will be able to give some good advice today and a plan to work to, to ensure you still get your house. Take care, it’s hard enough the stress let alone being heavily pregnant. Go and out your feet up. 

Justonemorecupoftea

Thank you @BountyBlink kind internet stranger.

tomnookfan

FTB here and feeling defeated that our purchase might fall through.
Seller is threatening to put the house back on the market but our solicitor is strongly advising not to complete yet as it turns out the house being sold to us isn't even in the sellers name! 
Any advice on just how to pick yourself up again would be great, doesn't help that the flat we're currently renting is on the market now too (though luckily our landlord is very kind and has told us not to worry) 

Louise.H

Justonemorecupoftea said:

BountyBlink said:

Justonemorecupoftea said:

Well looks like they've pulled out. We're going to have to agree on a lower price and we've wasted weeks and I'm not sure our onward purchase is going to hold on for us and we've spent over £1000 on fees.

The idea of remarketing again when I'm heavily pregnant is also not ideal.

I hate this system and I'm going to have a little cry.

Cry it out! Oh not nice. Have a cup of tea and then when you feel ready formulate a plan. You might not lose your onward purchase, you just need a good plan ahead. 

Unfortunately this is the second time our sale has fallen through (we foolishly went back to the same buyer who came with their tail between their legs) so we've wasted more than 6 weeks.

I'm so angry.

So sorry its happened twice to you, hopefully this will be it for the bad. You deserve some chocolate or whatever your go to treat is before figuring out next steps. Hope all works out for you.

BountyBlink

Justonemorecupoftea said:

Thank you @BountyBlink kind internet stranger.

I have a feeling in a few days you will have a new plan and be charging forward again. I’m sure you will sell quickly to someone who is motivated. My advice, go back on but tell your agent all viewings need to be done on one day. Then any offers ask for them to be given to you along with their full positions and take a view on who can proceed at lightening speed. Our New chain Completed only 2 weeks ago but we are pushing forward for completion before end of June, you will probably miss that now, but doesn’t mean you can’t still move next month. Keep strong. 

Justonemorecupoftea

BountyBlink said:

Justonemorecupoftea said:

Thank you @BountyBlink kind internet stranger.

I have a feeling in a few days you will have a new plan and be charging forward again. I’m sure you will sell quickly to someone who is motivated. My advice, go back on but tell your agent all viewings need to be done on one day. Then any offers ask for them to be given to you along with their full positions and take a view on who can proceed at lightening speed. Our New chain Completed only 2 weeks ago but we are pushing forward for completion before end of June, you will probably miss that now, but doesn’t mean you can’t still move next month. Keep strong. 

Trouble is our property was never exactly innundated with viewings - more a drip over 3 weeks. There was another offer on the table for less which our EA has gone back to the buyers about, but it was a few weeks ago so they may have found somewhere else.

I'm sure it will be fine long term, but everything was progressing so well with our purchase I had starting thinking (hoping!) that we might be able to move before the baby arrived.

baileykxo

Honestly, I’m not even sure where I am at in the process rn. 

I’ve just chased, well tried to chase the outstanding enquiries via the vendors estate agent but they said they wouldn’t get involved and our solicitor should chase it. Which, they rarely want to do or don’t do. I know this as I had to chase to get the memorandum of sale which took 2 weeks and wasn’t chased at all. 

I think we have completed/signed everything else so I assume these are the last things needed in order to exchange/complete as we are taking out delayed search insurance. 

Should I keep chasing as it’s only been a week or leave it? I feel like i’m crazy, bugging them all the time. 

Saddlerstu

Got a verbal agreement on completion and moving on the 18th from everyone in the chain, just waiting on solicitor to confirm they've seen & got everything they need & are happy to get the bank side of things rolling 🤞

JS21

The seller's have now replied to the final enquiries and we've proposed a completion date of 'as soon as possible but no later than 28th June,'! I am now wishing I'd said a bit earlier even though we're not in a huge rush to move as we're living with in laws currently and will probably get the work done in the house first before actually moving in (about a week's worth of painting, replacing flooring, fitting a new bathroom fan, cleaning and fitting appliances etc.). I'm just slightly on the impatient side and excited to get going (can you tell I'm a FTB!). 

Our chain is fairly short (us-vendor-empty property) and when we spoke to the EA yesterday to book in some time to go visit the house again and measure up everything etc. he did mention that the seller's onward purchase is progressing at the same fast pace which is a good sign! It's been about 8 wks so far and I know we're lucky but this great weather just has me in a good mood wishing for all things pleasant! 

Good luck to everyone that has exchanges/completions going on this week and hopefully everyone gets some pleasant news! 

sw7

Saddlerstu said:

Got a verbal agreement on completion and moving on the 18th from everyone in the chain, just waiting on solicitor to confirm they've seen & got everything they need & are happy to get the bank side of things rolling 🤞

Do you have a proposed exchange date yet?

We just got confirmation that we're good to attempt exchange tomorrow with completion on 21st,so finally something to get excited about!

What actually happens on exchange day? If we're FTB in a chain of 7, do we exchange first or is the exchange only valid once the entire chain is done?