The NEW waiting to exchange thread...

ss2020jd

WorriedKirkels said:

So, a quick update. After a rather manic 24 hours and urgent requests by the our buyers buyer (FTB) solicitor to HTB ISA for urgent funds release we have EXCHANGED!!!! Woo hoo 😁 completion set for tomorrow and currently in packing chaos.  A big thanks to you all for keeping me sane these last few days 🤪🤯🙏😁 x

Oh wow that is amazing news!!!🔑🥳
so happy for you! After all you have been through it must be such a relief.
The thanks must go to you too for keeping us all going despite your own situation! 

Good luck with the packing and moving and ENJOY!!!

nekr0mantik

WorriedKirkels said:

nekr0mantik said:

WorriedKirkels said:

nekr0mantik said:

OMG! I will cry!
Halifax got valuation back and this time its 100k under asking! First time it was 50k under and now 100k!
If EA is telling truth and she has 5 comparable property which sold recently then how can this happen as someone must have valued these at the sold prices. 
Waiting for broker to call me and discuss if Appeal is doable or should I walk away.
If I walk then I dont think I can apply for 3rd time to mortgage once I found a new property so may need to wait until 12 months have passed.  

I’m so sorry 😢 Is there anyway you can now go back to the EA and negotiate for a reduction? With two significant under valuations surely they will need to reconsider their position. 

Thanks
Yeah I gone to agent and said two valuations both under so speak to vendor about price. Lets see what comes back. 
But chances I aint very high as vendor is investor who is after profits after all so he can say no to 50k reduction and wait until next year or two and try again. Hopefully he is sensible and understands the current pandemic means his plans may not come true and does this. I suspect even at 50k less he wont take a loss apart from stamp duty paid he wont get back as I seen these sell for around 50k less mark as re assignments so maybe he paid 50k less and wanted to make 50k back.

🤞they see sense as any other buyer would face the same issues, will be watching out for updates 😊 

cheers!
Congrats on your exchange btw 

cheeky-peach

Just had an e-mail to say we are lined up to exchange tomorrow. Fingers crossed it happens!

esubbs

Is it really that unreasonable to expect some sort of communication from the buyer's solicitor to ours?
We've had two lots of enquiries from them, the first were pointless as basically the same questions as the property information form and the second was asking for retrospective planning on a historic extension we'd already given details of. We responded to both same day.
The latter was nearly four weeks ago, they don't even acknowledge receipt let alone respond to my solicitor's request for update. 
I spoke to our estate agent earlier who, in not so many words said I'm being unreasonable and it's perfectly normal for the buyers' solicitor to not give any information to ours on their progress. 

[Deleted User]

Enquiries are with buyer to look over and the paperwork to sign too
how much long do we think 
we need to sign 
then it’s done

cheeky-peach

esubbs said:

Is it really that unreasonable to expect some sort of communication from the buyer's solicitor to ours?
We've had two lots of enquiries from them, the first were pointless as basically the same questions as the property information form and the second was asking for retrospective planning on a historic extension we'd already given details of. We responded to both same day.
The latter was nearly four weeks ago, they don't even acknowledge receipt let alone respond to my solicitor's request for update. 
I spoke to our estate agent earlier who, in not so many words said I'm being unreasonable and it's perfectly normal for the buyers' solicitor to not give any information to ours on their progress. 

Surely they should provide confirmation that enquiries have been satisfied, or, ask for further information if required. This is terrible process.

Slithery

DeletedUser said:

Enquiries are with buyer to look over and the paperwork to sign too
how much long do we think 
we need to sign 
then it’s done

Could still be months depending on the outcome of the enquiries.

TheScone

esubbs said:

Is it really that unreasonable to expect some sort of communication from the buyer's solicitor to ours?
We've had two lots of enquiries from them, the first were pointless as basically the same questions as the property information form and the second was asking for retrospective planning on a historic extension we'd already given details of. We responded to both same day.
The latter was nearly four weeks ago, they don't even acknowledge receipt let alone respond to my solicitor's request for update. 
I spoke to our estate agent earlier who, in not so many words said I'm being unreasonable and it's perfectly normal for the buyers' solicitor to not give any information to ours on their progress. 

Communication has been my biggest gripe with the house buying/selling process so far! Everyone could just rest easy if we knew where each thing was up to, but no one seems to tell you anything until they want you to do something.

I work as a project manager and giving people updates on their projects is such an important part of what I do, it doesn't seem to be implemented in conveyancing at all!

esubbs

Surely they should provide confirmation that enquiries have been satisfied, or, ask for further information if required. This is terrible process.

Thats exactly what I think. They're basically blanking our solicitor. Even if all they have to say is "we're waiting on xyz" at least we'd know what's going on.
The only way we've found out what's happening in the chain is through our EA, who keeps telling me it's not something that is normally shared with us etc etc. But otherwise we would never have known that the buyers buyer was waiting for the leasehold extension or that the bottom of the chain had dropped out and been replaced. Surely it's unreasonable to expect us to wait indefinitely with no information or updates... 

esubbs

WorriedKirkels said:

So, a quick update. After a rather manic 24 hours and urgent requests by the our buyers buyer (FTB) solicitor to HTB ISA for urgent funds release we have EXCHANGED!!!! Woo hoo 😁 completion set for tomorrow and currently in packing chaos.  A big thanks to you all for keeping me sane these last few days 🤪🤯🙏😁 x

Yay! What a relief!