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The NEW waiting to exchange thread...

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Comments

  • STILL waiting to exchange. Seller's solicitor asked if we were happy to proceed to exchange - we said yes and then they went quiet  :#  Followed up with our solicitors today and if nothing tomorrow we'll get the EA to give them a nudge. 
  • faylou
    faylou Posts: 36 Forumite
    10 Posts Name Dropper
    Nope. We aren’t in direct contact but we are very tempted to dump estate agents and try to contact buyer and seller directly. Any thoughts on how we do this?? The benefits??
    So I found being in direct contact with our buyer eased his anxieties about the delay and also eased mine about the possibility of them dropping out because of the delay .

    we have also been able to have a double pronged push with EA to try and get things moving . 

    I haven’t had any contact with our seller however and this is where the delays have occurred, with their solicitors . 

    This is the most frustrating thing I’ve done in my life . Sat waiting feeling helpless trying not to get stressed and failing miserably 
  • So - GREAT!!! Now seller has decided he doesn’t want to break the chain. Absolutely furious and lost all trust in them. So now we still have an incomplete chain. We are considering pulling out. Had enough of the messing around. 
  • faylou
    faylou Posts: 36 Forumite
    10 Posts Name Dropper
    So - GREAT!!! Now seller has decided he doesn’t want to break the chain. Absolutely furious and lost all trust in them. So now we still have an incomplete chain. We are considering pulling out. Had enough of the messing around. 
    Oh no . I empathise so much . We have hung on and hung on . I don’t know the answer . 
  • faylou said:
    So - GREAT!!! Now seller has decided he doesn’t want to break the chain. Absolutely furious and lost all trust in them. So now we still have an incomplete chain. We are considering pulling out. Had enough of the messing around. 
    Oh no . I empathise so much . We have hung on and hung on . I don’t know the answer . 
    I really ought to have more patience. We’ve been going two months but had been promised that our seller would break the chain as we had a deadline for mid April. That’s now not going to happen putting us in a very tricky position with other aspects of our life. 

    Really don’t know what to do as to be honest it’s the only decent house we’ve seen. 😬😬 plus, if it goes back on the market because we’ve pulled out, it’ll sell very very quickly. 
  • faylou said:
    So - GREAT!!! Now seller has decided he doesn’t want to break the chain. Absolutely furious and lost all trust in them. So now we still have an incomplete chain. We are considering pulling out. Had enough of the messing around. 
    Oh no . I empathise so much . We have hung on and hung on . I don’t know the answer . 
    I really ought to have more patience. We’ve been going two months but had been promised that our seller would break the chain as we had a deadline for mid April. That’s now not going to happen putting us in a very tricky position with other aspects of our life. 

    Really don’t know what to do as to be honest it’s the only decent house we’ve seen. 😬😬 plus, if it goes back on the market because we’ve pulled out, it’ll sell very very quickly. 
    That is very frustrating, if it's the only decent house you have seen I'd stick with it. There might be nothing else out there worth moving too.. 

    Do you know the reason your seller has decided not to break the chain?
    Mortgage balance April 2022 - £235,000
    Mortgage balance July 2023 -£229,616
    Mortgage balance July 2022
    £222,825


  • faylou said:
    So - GREAT!!! Now seller has decided he doesn’t want to break the chain. Absolutely furious and lost all trust in them. So now we still have an incomplete chain. We are considering pulling out. Had enough of the messing around. 
    Oh no . I empathise so much . We have hung on and hung on . I don’t know the answer . 
    I really ought to have more patience. We’ve been going two months but had been promised that our seller would break the chain as we had a deadline for mid April. That’s now not going to happen putting us in a very tricky position with other aspects of our life. 

    Really don’t know what to do as to be honest it’s the only decent house we’ve seen. 😬😬 plus, if it goes back on the market because we’ve pulled out, it’ll sell very very quickly. 
    That is very frustrating, if it's the only decent house you have seen I'd stick with it. There might be nothing else out there worth moving too.. 

    Do you know the reason your seller has decided not to break the chain?
    Basically because the person last in the chain has offered to it! So our seller feels they shouldn’t have to. 

    I’m now anxious that we’ve thrown all our toys out the pram and it’ll upset the seller so much that they won’t sell to us anymore. I should mention that we are literally ready to exchange! 
  • faylou
    faylou Posts: 36 Forumite
    10 Posts Name Dropper
    Basically because the person last in the chain has offered to it! So our seller feels they shouldn’t have to. 

    I’m now anxious that we’ve thrown all our toys out the pram and it’ll upset the seller so much that they won’t sell to us anymore. I should mention that we are literally ready to exchange! 
    Any update ?
  • faylou said:
    Basically because the person last in the chain has offered to it! So our seller feels they shouldn’t have to. 

    I’m now anxious that we’ve thrown all our toys out the pram and it’ll upset the seller so much that they won’t sell to us anymore. I should mention that we are literally ready to exchange! 
    Any update ?
    So our seller has one outstanding search left, their sellers are well on the way with their searches. Basically that will leave everyone in the chain ready to exchange apart from the top of the chain who have stated that they “won’t hold up the chain”. All the solicitors and estate agents feel that if we can get everyone else in the chain ready then they’ll be able to push it through.

    house buying is absolutely bonkers isn’t it!!! 
  • Slithery
    Slithery Posts: 6,046 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    No41edwardianhouse said:
    So our seller has one outstanding search left, their sellers are well on the way with their searches. Basically that will leave everyone in the chain ready to exchange
    Searches are by no means the last step in the process. Until the searches are back the solicitor can't start the enquiries which is often the longest stage and can take weeks/months.
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