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Just need to offload over an exchange if I can
babyblade41
Posts: 3,965 Forumite
Long story short .. our chain consisted of my buyers buyer straight cash, my buyer no mortgage and me buying empty house with acting POA's again no mortgage.
I was initially asked by my buyers roughly how long the process takes and I did say usually 10-12 weeks to be conservative and no problems.
Offer and mem of sale issued 12th October... things moving along until (I'm buying unregistered property ) POA attorney mixed up the property layout and the garden (main point of buying was omitted on registration)
My buyers then inform me that they had to complete 7th December or they will lose their buyer .
Both myself and vendors solicitor do everything to rectify the problem and finally have to go for adverse possession.
All expedited and hoping against hope it can be done in time , we arranged tentatively removals and as my OH has a major heart defect arranged hospital to transfer monitors that operate via wifi
We were hurtling to dead line day and although we really needed 2 weeks from exchange to completion to allow certain things to be done on new house as I have small animal rescue so agreed with vendors after exchange to be allowed outside access to instal animal housing etc it became really clear that completion would not be doable as a ordnance surveyor needed to go out.
I had to arrange for the heart monitor and wifi to be cancelled and hold off removals ...completely out of my control but felt so bad at not being able to complete on date my buyer wanted.. they still went ahead and exchanged on their property and now had to find alternative accommodation
I feel really pressured as they now need to complete on the 19th as their solicitors office closes that day for xmas and new year .
Again if I possibly can will do everything possible but still awaiting outcome of report from surveyor and certainly don't want to lose my buyer but feel so bad for not being able to do anything about hurrying things along.
my solicitor won't allow me to exchange until this is registered correctly as it's integral for the purchase which I fully understand but hate being responsible for my buyers having to be in temp accommodation especially if it may have to be over xmas
we are only 2 months in and so much has been done at what I think to be relatively quickly, just wish I didn't feel so responsible . Not sure how others feel but for those who haven't done a house sale for a very long time it might be beneficial to be issued with a more realistic time frame from the get go and be prepared for things not to go quite as planned, as in this case what appeared on paper to be straight forward but threw up a difficult situation beyond our control
Just wish I didn't feel so blasted responsible which adds more pressure especially as we our moving back home after 4 years away and would do anything to be home for xmas but accepted a couple of weeks ago it probably was unlikely and made contingency plans for being away from family another xmas, as sad is it is these thing happen.
For everyone desperate to get things done it is sometimes beyond the solicitors and EA's control and we just have to wait and for me hope my buyers don't throw in the towel when so close
I was initially asked by my buyers roughly how long the process takes and I did say usually 10-12 weeks to be conservative and no problems.
Offer and mem of sale issued 12th October... things moving along until (I'm buying unregistered property ) POA attorney mixed up the property layout and the garden (main point of buying was omitted on registration)
My buyers then inform me that they had to complete 7th December or they will lose their buyer .
Both myself and vendors solicitor do everything to rectify the problem and finally have to go for adverse possession.
All expedited and hoping against hope it can be done in time , we arranged tentatively removals and as my OH has a major heart defect arranged hospital to transfer monitors that operate via wifi
We were hurtling to dead line day and although we really needed 2 weeks from exchange to completion to allow certain things to be done on new house as I have small animal rescue so agreed with vendors after exchange to be allowed outside access to instal animal housing etc it became really clear that completion would not be doable as a ordnance surveyor needed to go out.
I had to arrange for the heart monitor and wifi to be cancelled and hold off removals ...completely out of my control but felt so bad at not being able to complete on date my buyer wanted.. they still went ahead and exchanged on their property and now had to find alternative accommodation
I feel really pressured as they now need to complete on the 19th as their solicitors office closes that day for xmas and new year .
Again if I possibly can will do everything possible but still awaiting outcome of report from surveyor and certainly don't want to lose my buyer but feel so bad for not being able to do anything about hurrying things along.
my solicitor won't allow me to exchange until this is registered correctly as it's integral for the purchase which I fully understand but hate being responsible for my buyers having to be in temp accommodation especially if it may have to be over xmas
we are only 2 months in and so much has been done at what I think to be relatively quickly, just wish I didn't feel so responsible . Not sure how others feel but for those who haven't done a house sale for a very long time it might be beneficial to be issued with a more realistic time frame from the get go and be prepared for things not to go quite as planned, as in this case what appeared on paper to be straight forward but threw up a difficult situation beyond our control
Just wish I didn't feel so blasted responsible which adds more pressure especially as we our moving back home after 4 years away and would do anything to be home for xmas but accepted a couple of weeks ago it probably was unlikely and made contingency plans for being away from family another xmas, as sad is it is these thing happen.
For everyone desperate to get things done it is sometimes beyond the solicitors and EA's control and we just have to wait and for me hope my buyers don't throw in the towel when so close
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Comments
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You're feeling TOO responsible.
It's not your fault there was a problem with the registration of the house you're buying.
It's not your fault the buyers are in temporary accommodation - they could have tried again to negotiate with their buyers, and pulled out of the purchase and sale instead of going into temporary accommodation if need be. It was their choice.
The only alternative would be YOU going into temporary accommodation but given your animal rescue and OH's medical needs, that doesn't sound practical at all.
You're doing what you can to chase - you're not doing anything wrong. These things happen and it's horribly stressful for all involved but there's nothing more you can do to help your buyer - you're doing what you can.
Also, memorandum of sale on 12 October and you told them it would probably be 10-12 weeks. It hasn't been 9 yet!0 -
pinkteapot wrote: »You're feeling TOO responsible.
It's not your fault there was a problem with the registration of the house you're buying.
It's not your fault the buyers are in temporary accommodation - they could have tried again to negotiate with their buyers, and pulled out of the purchase and sale instead of going into temporary accommodation if need be. It was their choice.
The only alternative would be YOU going into temporary accommodation but given your animal rescue and OH's medical needs, that doesn't sound practical at all.
You're doing what you can to chase - you're not doing anything wrong. These things happen and it's horribly stressful for all involved but there's nothing more you can do to help your buyer - you're doing what you can.
Also, memorandum of sale on 12 October and you told them it would probably be 10-12 weeks. It hasn't been 9 yet!
Yes I know, we did tell them not to exchange on their purchase as their buyer had invested in searches etc and although they "wouldn't be in for Xmas" the delay wouldn't be for too long and would their buyer find another house , offer , exchange and complete in the extra time it took for this to come to fruition?
Thankfully the registration was noted very early on and with the people at LR have been incredibly helpful throughout .
I spent a long time last night going through this topic and "waiting to exchange" thread and find so many people want everything done in a heart beat when it's the most expensive purchase you are ever going to make .
Yes very stressful but is as stressful as we make it, things can and do happen and have to be prepared .
I have done one in a a week but that was exceptional and this is move number 17 and stress doesn't change the outcome but I seem to be taken on other peoples stress as well as my own.
No way of us going into temp accommodation as yes we could manage OH monitor as long as we can have wifi and hospitals notified but animals are a different thing altogether and won't compromise on their welfare , moreso than my own,.
Sorry , just offloading and sometimes it is the fault of no one in particular it just happens.
Our buyers are really nice and so understand their wanting to get in but I wish people could take a step back and stop all the "I'm backing out if we don't move by such and such a date " haven't quite had that yet but fully expecting it and there is absolutely nothing I can do0 -
So a chain of three transactions.babyblade41 wrote: »Long story short .. our chain consisted of my buyers buyer straight cash, my buyer no mortgage and me buying empty house with acting POA's again no mortgage.
BB -> B
B -> you
you -> V
Any one of which can go pear-shaped at any stage.
Ooops.I was initially asked by my buyers roughly how long the process takes and I did say usually 10-12 weeks to be conservative and no problems.
Offer and mem of sale issued 12th October... things moving along until (I'm buying unregistered property ) POA attorney mixed up the property layout and the garden (main point of buying was omitted on registration)
My buyers then inform me that they had to complete 7th December or they will lose their buyer .
Exchange deadline or completion deadline?We were hurtling to dead line day
OK, now I'm confused...and although we really needed 2 weeks from exchange to completion to allow certain things to be done on new house as I have small animal rescue so agreed with vendors after exchange to be allowed outside access to instal animal housing etc it became really clear that completion would not be doable as a ordnance surveyor needed to go out.
I had to arrange for the heart monitor and wifi to be cancelled and hold off removals ...completely out of my control but felt so bad at not being able to complete on date my buyer wanted.. they still went ahead and exchanged on their property and now had to find alternative accommodation
BB -> B - exchanged.
B -> you - not exchanged yet?
you -> V - not exchanged yet?
You aren't responsible. They had a choice - exchange and risk losing their sale, or stick with the chain.my solicitor won't allow me to exchange until this is registered correctly as it's integral for the purchase which I fully understand but hate being responsible for my buyers having to be in temp accommodation especially if it may have to be over xmas
Your solicitor is doing the right thing for you. He's not allowing you to exchange on a property that you MIGHT NOT ACTUALLY OWN. There is no proof that the vendor owns it. If they don't, then how can they sell it to you? THIS is your delay... You don't have a lender, but if you did, they would also not allow you to exchange.
You said 10-12 weeks from 12th October. 10 weeks is 21st December, 12 weeks is 4th January. Let's ignore the Xmas-NY fortnight, so 18th January....but for those who haven't done a house sale for a very long time it might be beneficial to be issued with a more realistic time frame from the get go
Your problem was not an unrealistic time estimate.
People getting hung up on Xmas is the problem here. Not you.Just wish I didn't feel so blasted responsible which adds more pressure especially as we our moving back home after 4 years away and would do anything to be home for xmas but accepted a couple of weeks ago it probably was unlikely and made contingency plans for being away from family another xmas, as sad is it is these thing happen.0 -
It is someones' fault - but that someone isn't you by the sound of it.
The "someone at fault" is your vendor - as they should have got things properly sorted out re the registration etc before they put the house on the market. They didn't - so it's on (should be on:cool:) their conscience and no-one else's.
Fingers crossed it won't be much longer now.0 -
So a chain of three transactions.
BB -> B
B -> you
you -> V
Any one of which can go pear-shaped at any stage.
Ooops.
Exchange deadline or completion deadline?
Completion deadline
OK, now I'm confused...
BB -> B - exchanged.
B -> you - not exchanged yet?
you -> V - not exchanged yet?
BB -> B -exchanged and now completed
You aren't responsible. They had a choice - exchange and risk losing their sale, or stick with the chain.
Your solicitor is doing the right thing for you. He's not allowing you to exchange on a property that you MIGHT NOT ACTUALLY OWN. There is no proof that the vendor owns it. If they don't, then how can they sell it to you? THIS is your delay... You don't have a lender, but if you did, they would also not allow you to exchange.
You said 10-12 weeks from 12th October. 10 weeks is 21st December, 12 weeks is 4th January. Let's ignore the Xmas-NY fortnight, so 18th January.
Your problem was not an unrealistic time estimate.
People getting hung up on Xmas is the problem here. Not you.
Oh yes the dreaded "in before Xmas" can never understand why even though I would love to be with my children this time, we have accepted it probably won't and to be honest the thought of doing it so close would be horrid but would suffer it if it made my buyers in a better place.
I was being called quite regularly by my buyer asking me when, where , if and everything in-between (even broadband installation) and it really became too much .. I was keeping as much stress away from my OH but eventually I went into meltdown . I have tried to convey I'm doing everything possible but I have used my solicitor for many years and her advice is what I have to listen to.
Originally the vendors PA's were using a conveyance company but thankfully the solicitor who dealt with LPA's took it off them.
If they hadn't we would be about 6 months before we got even this close. Thankfully vendors now solicitor is from a reputable company and they have had to deal with a lot as the PA's are not particularly helpful.
Although thankfully they are really now out of the equation as all contracts are signed and just this last piece needed to exchange0 -
If you sell again (you probably won't want to!), don't give your buyer your phone number. There's no reason for them to have it. Communicate via the EA and solicitor - you're paying them to field all the hassle from the buyer.
We've just sold and I had a buyer who was pushing the whole way. If we'd been in direct contact, I suspect the whole thing would have fallen apart. The EA did an amazing job of keeping stressed people calm enough to see the process through!0 -
So go stay with your kids. Or have 'em to stay at the place you're selling.babyblade41 wrote: »Oh yes the dreaded "in before Xmas" can never understand why even though I would love to be with my children this time
So don't answer the calls. Let 'em go to voicemail.I was being called quite regularly by my buyer asking me when, where , if and everything in-between (even broadband installation) and it really became too much ..
Sign as many pieces of paper as you like, they aren't binding until they're exchanged.Although thankfully they are really now out of the equation as all contracts are signed and just this last piece needed to exchange
My mother's last-minute-before-exchange experiences -
https://forums.moneysavingexpert.com/discussion/5412781
'course, even after exchange, it's all up in the air...
https://forums.moneysavingexpert.com/discussion/18061230 -
Very true, my EA is actually a friend and does an amazing job and had to politely say that the correct way to do it is through him .. now he is getting it :rotfl:pinkteapot wrote: »If you sell again (you probably won't want to!), don't give your buyer your phone number. There's no reason for them to have it. Communicate via the EA and solicitor - you're paying them to field all the hassle from the buyer.
We've just sold and I had a buyer who was pushing the whole way. If we'd been in direct contact, I suspect the whole thing would have fallen apart. The EA did an amazing job of keeping stressed people calm enough to see the process through!
I fully understand everyone wants to get to where they want to .. me probably above everyone , but I think at this point it would be better to at least get exchange done if at all possible before xmas then everyone can feel a bit at ease and plan for a new year and new home0 -
Sadly my daughter only has a few hours off xmas day and as we live 80 miles away she wouldn't be able to get here and back...the joys of having a career where Xmas day is just another day !!
We all want the same thing and in the last hour vendors solicitor has again updated us with a little more progress, probably still not in the time frame for my buyer
I have updated the EA so he can now relay to my buyer with a bit more info.
Still not exchange but getting ever closer0
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