Vendor taking forever - any similar experiences ? What would / did you do?

Lysimache

Is the reason people don't usually wish to go into rental the fact of having to move twice, rather than the extra costs? Or both?

Lolly88

Lysimache wrote: »

Is the reason people don't usually wish to go into rental the fact of having to move twice, rather than the extra costs? Or both?

There are lots of reason. Also some people want to port their mortgage and can't do that if they go into rental. If people can't find the kind of property they want they might have been happy to have carried on in the previous home but if they have gone into rental stepping off the property ladder might make it harder for them to get back on as they might struggle to find something that matched their previous property. They might also be priced out of their desired market while renting, if it's a fast moving market.

thethirdbar

Thanks for the comments folks. I do feel the original house is rapidly becoming a pipe dream, though I agree there's no sense pulling out until / unless we find something else, I just can't believe how difficult that is proving. I am driving myself crazy obsessively paging through rightmove. \o/

On the plus side, the longer we wait the more funds we have saved up... I'm just feeling very glum about the whole process now though! Wish me luck...

Smodlet

Wishing you luck. I found the only way to find a property when moving to another town was to page obsessively through RM. It became like a job to me and took forever... And worked in the nick of time.

Hang in there. Good things come to those who wait (with grace, which you seem to have; just try reading some of the threads on here similar to yours, OP) Keep on keepin' on. :cool:

thethirdbar

I'm sure you've all been on tenterhooks waiting for an update on this...

We did put in an offer on a new property in mid-May, which we have just exchanged on - completion next week, hurray!

Eerily, shortly after our offer was accepted and before I'd had chance to contact them, the original vendor contacted me to let me know they'd decided not to sell after all.

On balance, although I would have preferred not to have spent 8 whole months in house-buying limbo, I think everything worked out ok. Especially as an acquaintance who knows the original vendor has recently informed me that they have awful neighbours. Eek!

Best wishes and good luck to anyone in the same position... it is very draining but you'll get there eventually!