The NEW waiting to exchange thread...

MickeyFTB

No41edwardianhouse said:

We’ve exchanged!!! Hurrah hurrah hurrah!!  

This is amazing news to login and see!!! Hope the completion goes to plan!

Mkk298

Into week 9 now. Enquiries and searches sent for 2 weeks ago. Our vendor only received the contract pack for their onward purchase early last week so probably got a long way to go yet. Feels like it’s never really going to happen. 

babyblade41

time line so far  
21/11/21. put on RM
26/11/21 . Accepted cash offer , offer accepted on our onward property
MOS  issued , chain complete as our onward purchase the last in line 
Searches applied for on my onward purchase 

Xmas break.

January , still waiting for enquiries from our buyer 

Put house back on RM but out of the blue enquiries arrive

Buyers want 2nd viewing then decided to do a survey.

Surveyor turns out to be the husband & son poking a nose in the loft & lifting a drain cover 

Pushing for exchange mid Feb as there is nothing as we are aware outstanding.
Buyer goes away for a week !!
Exchange for when buyer gets back
Feb 20th Have another enquiry about indemnity policy 
Buyers pull out as they weren't aware  a small piece of garden has possessory title .(They had been making enquiries about it for the last 4 weeks) 

Offered property to second inline of received offers & accepted
Our situation has changed & now not buying an onward purchase  
Survey fine , valuation fine ..
Mortgage & searches applied for 
Took 4 weeks to get mortgage offer 
Buyers wanted to complete by end of the month 
Buyers come back with a list of things they wanted doing before completion.

Agreed but  we will need 2 weeks between exchange & completion..Agreed by buyers

Now waiting ,buyers wanted exchange yesterday but still one enquiry outstanding, would help if their solicitor passed on the enquiry 
Enquiry is easily answered but still not sure if  the enquiry has gone through the legal route so waiting again today.

We are slowly moving out but the main things that buyer wants doing can't be started until we have a completion date in stone ..

Last bit is always the hardest  

dancingqueenielink

Afternoon all, 
Hope you don't mind me joining you. 
We've had a bit of a funny few weeks. 
I've been slowly doing my house up for sale over the last couple of years. We've outgrown it and wanted to make it appealing to sell (it was a doer upper when I bought it)... We decided to look at a house before we were ready to put ours up, I thought it was a bad idea but we did it anyway. We loved it. Put an offer in. They accepted and we had a crazy mad rush to finish our house in one weekend (we were close anyway to doing so). We put the house up four days after our offer was accepted on the house we liked. We sold our house sstc two days after it went up. We were gazumped two weeks later. We've since found another house after a frantic search once again. Solicitors have been instructed, mortgage was already done in principle and we'd already sent everything off for the mortgage application from last time. We're borrowing same amount so all good there. We have a cash buyer so no chain there, and the couple selling to us are buying a lodge in cash so no chain there. I'm hoping it will all be done by August but reading some comments I think I might be a bit unrealistic there... We've a surveyor coming to our house in two weeks instructed by our buyer, and we've not started the process yet with our solicitor for buying the new house, we only received the memorandum of sale this morning for our solicitor. Its been a few years since I've moved does anyone know the timeline for searches and things to be done before exchange (a rough time estimate?) 

babyblade41

Our searches were back in a week , but different councils will not be as quick..

The rule of thumb on here is 12 weeks bu that really isn't consistent just  very , very average time scale 

With ours it's just a sale , my buyer is the only one involved  & I think offer was accepted 7th March give or take a day or so..

Enquiries can take the longest time ever depending on what they are.  Also depends how proactive  all the solicitors are 

My first abortive sale was 12 weeks I think with a straight forward cash buyer & fell down day before exchange 

dancingqueenielink

babyblade41 said:

Our searches were back in a week , but different councils will not be as quick..

The rule of thumb on here is 12 weeks bu that really isn't consistent just  very , very average time scale 

With ours it's just a sale , my buyer is the only one involved  & I think offer was accepted 7th March give or take a day or so..

Enquiries can take the longest time ever depending on what they are.  Also depends how proactive  all the solicitors are 

My first abortive sale was 12 weeks I think with a straight forward cash buyer & fell down day before exchange 

Oh that must have been gutting to fall through so close to exchange. I'm glad we were gazumped early on in the process so we hadn't got too far in to it 😏 I see what they mean about house buying being one of the most stressful things you'll ever do. 12 weeks would be great if we can achieve that as it will mean we can get in before the new school year. I think we'll just have to keep on top of calling solicitors and we've got personal numbers for buyers and sellers in our chain so that's good. 

Chloe27895

dancingqueenielink said:

Afternoon all, 
Hope you don't mind me joining you. 
We've had a bit of a funny few weeks. 
I've been slowly doing my house up for sale over the last couple of years. We've outgrown it and wanted to make it appealing to sell (it was a doer upper when I bought it)... We decided to look at a house before we were ready to put ours up, I thought it was a bad idea but we did it anyway. We loved it. Put an offer in. They accepted and we had a crazy mad rush to finish our house in one weekend (we were close anyway to doing so). We put the house up four days after our offer was accepted on the house we liked. We sold our house sstc two days after it went up. We were gazumped two weeks later. We've since found another house after a frantic search once again. Solicitors have been instructed, mortgage was already done in principle and we'd already sent everything off for the mortgage application from last time. We're borrowing same amount so all good there. We have a cash buyer so no chain there, and the couple selling to us are buying a lodge in cash so no chain there. I'm hoping it will all be done by August but reading some comments I think I might be a bit unrealistic there... We've a surveyor coming to our house in two weeks instructed by our buyer, and we've not started the process yet with our solicitor for buying the new house, we only received the memorandum of sale this morning for our solicitor. Its been a few years since I've moved does anyone know the timeline for searches and things to be done before exchange (a rough time estimate?) 

I don't think that's too unrealistic read my comment a few comments up for our dates, looks like ours will be about 10 or 11 weeks total (no chain). I think 12 weeks is a common benchmark people say (once the chain is complete)

Desperatehousemove

So we are now supposed to be completing on friday but we still haven't exchanged. Apparently we are waiting to see if the sellers mortgage funds will be ready for tomorrow for their onwards purchase. Does anyone know how long this normally takes?

SophMa1

So close now, due to exchange tomorrow and complete on Friday...

louise3291

Hi all! We are FTBs and our offer for a two-bed victorian terrace was accepted on the 25th March. Here's our timeline so far...

24/3: first viewing and initial offer made
25/3: best and final offer made and accepted; revised decision in principle application submitted (based on higher purchase price than anticipated!)
26/3: solicitors instructed
28/3: DIP approved; mortgage application submitted
13/4: mortgage offer issued
21/4: level 3 building survey completed

We are currently waiting for the vendor's solicitors to send ours the draft contracts and for our survey report to come through, then we are going to ask for a second viewing - I am itching to get back into the house and look around as it was such a whistle-stop tour!