The NEW waiting to exchange thread...

WorriedKirkels

Cap066 said:

 The seller at the end of our small chain is buying a new build which is almost ready so they are giving a completion date of "to be confirmed" on the contract 
Some results of a Google search say a date must be on the contracts before exchanging.. How common is it to exchange without a completion date? 

Don’t do it….it basically means when they are ready you all have to be ready….and that could be another X months! You need to negotiate for an exact date and if they can’t do it, ask them to break the chain. It shouldn’t be an issue to them if their new build is almost complete! 🤔 x

E_D_FTB

Also, with new builds when it moves, IT MOVES FAST. You could end up at the other end of the spectrum with little to no notice of completion. They need to tell you the expected completion so you all know where you're aiming for.

Cookie211

Good luck everyone, I hope we all get some sort of update today 🤞🤞🤞🤞

shaun_1987

16/12/20 - House put up for sale

22/02/21 - Offer accepted for sale of house

12/03/21 - DIP approved

29/03/21 - Offer accepted on purchase of house

14/04/21 - Mortgage application made

15/04/21 - Valuation

21/04/21 - Valuation received

21/04/21 - Mortgage offer received

28/04/21 - Searches ordered

21/06/21 - Draft contracts signed ready

Our seller has just started with a new house with no onward chain so hopefully things will start moving soon! Seems we have been in this process forever   

baileykxo

Hoping to have exchanged by the end of the week as everything is ready and everyone’s has agreed on completion next Friday! Really praying for the good news we’ve exchanged either today or tomorrow! 🤞🏻 

Good-luck everyone!!! Hope you all get fab news!

Otb21

climbthatwallseegar said:

@Otb21 - Wow, I felt exhausted for you after reading your story. Well done for hanging in on there!

I've been lurking and drawing inspiration/hope from those of you who have managed to Complete in the last few weeks. I had more or less given up on our purchase a couple of weeks ago as our vendor still hadn't found an onward purchase. Heard from the EA yesterday that he has finally had an offer accepted but I can't bring myself to get my hopes up. I have no idea what the chain looks like now as don't know if the vendor's seller is buying. The EA is still waiting to hear back regarding this. It's been almost 2 months since my offer was accepted and the slow progress made so far just makes me resigned to the fact I'll still be in our rental at Xmas. A horrible thought really as I desperately want to move out but if I set my expectations as low as possible I might be pleasantly surprised!

Exactly that, it's so exhausting. Literally a rollercoaster, which sounds ridiculous in the grand scheme of everything in life but we've come to despise being in limbo with things like this. 

I think setting expectations low is a good way to go about it, there are so many factors and hurdles. 

WorriedKirkels

baileykxo said:

Hoping to have exchanged by the end of the week as everything is ready and everyone’s has agreed on completion next Friday! Really praying for the good news we’ve exchanged either today or tomorrow! 🤞🏻 

Good-luck everyone!!! Hope you all get fab news!

Good luck for today / tomorrow🤞x

Cookie211

How often should u email your solicitor, I emailed 2days ago about the grant of probate, solicitor said she will chase other side and still haven’t heard anything, just want to know if sellers solicitor have now received grant from probate solicitor and we can start moving forward 

E_D_FTB

Cookie211 said:

How often should u email your solicitor, I emailed 2days ago about the grant of probate, solicitor said she will chase other side and still haven’t heard anything, just want to know if sellers solicitor have now received grant from probate solicitor and we can start moving forward 

I would hold off until tomorrow morning, but I honestly don't think you should feel badly for chasing - you're paying them to do a job after all! If it'll make you feel reassured, then email.

House_owner

Interesting to read about people being able to contact and chase up their solicitor.
Right from the beginning of the process I have been told by my solicitor that I am not to contact them as they are too busy - as anyone else had this from their solicitor?