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Nervous First time buyer delaying chain
Comments
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I'd be inclined to issue an ultimatum (and be prepared to follow through on it) if she delays again however. There's a limit to how flexible anyone can be and the longer she delays the more chance of someone higher in the chain pulling out.0
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It also helps if someone up the chain gives an ultimatum because then the person who really needs to give it to the FTB can do so but make it look like its not them putting pressure on "sorry but the people up the chain are threatening to cancel my purchase and remarket unless we exchange by X so I"m forced to remarket unless you can exchange by then"0
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Let the FTB view.
Be there at the viewing, 'by accident' if necessary.
Complain to them that the entire chain may collapse thanks to their dithering.
Tell them to hurry up.
Of course, there may just be a lack of communication here - some solicitors may not have relayed information to the FTBs solicitors that everyone was ready to go...0 -
That could go horribly wrong, with a nervous FTB being badgered in person by someone they have no relationship with0
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You are not holding any ransom cards. Your choices are to wait or to pull out. That's it.
You can't force anyone to do anything they don't want to, so there is no constructive advice, except breathe deeply and hope for the best.
Ransom? That is hyperbole and not the correct definition. I am in fact trying to rescue the chain.
I rang the bottom of the chain's EA, politely informed them of my situation, and got an update of their current position and the type and length of delay. With this information to hand, I've decided to give them more time to sort their issues.0 -
indielad1010 wrote: »Ransom? That is hyperbole and not the correct definition. I am in fact trying to rescue the chain.
I rang the bottom of the chain's EA, politely informed them of my situation, and got an update of their current position and the type and length of delay. With this information to hand, I've decided to give them more time to sort their issues.
Are you going to let us know what the issues are? For the benefit of the thread and for the fact that people here have spent time responding to your OP?0 -
It is never advisable to pack up before exchange (unless taking the risk of exchanging and completing on the same day). I would also advise viewing before agreeing to exchange. I don't usually bother, but would certainly advise others to.indielad1010 wrote: »You can't just live your life with your belongings packed up, held hostage to the ever changing whims of one buyer in a state of suspended animation.
May chains have (usually nervous) FTBs at the bottom so it's likely to take a bit longer. I chase where necessary and turn things around by return, but I do try not to get stressed at the end with deadlines, threats of pulling out, etc. Everyone will be as keen to get in as the next person, so I take a deep breath and try to be as accommodating as possible with dates. I stand by the fact that the most stress when buying is when one party in the chain starts making demands re dates. Chances are the rest of the chain aren't even aware!
My last (very long) chain at the top were under the impression we were all ready to exchange and my vendor contacted me about something and mentioned exchange the following week. Was the first I'd heard about it! My solicitor didn't even know how many there were in the chain, and the EAs hadn't mentioned exchange yet. We were nowhere near as my buyer decided to have a last minute survey, we were going on hols for a week (crap timing but it had been booked a year before), and they then instructed a structural engineer which added even more time. Am sure it was about another 5-6 weeks before we exchanged! Took nearly 4 months altogether.
Good luck.2024 wins: *must start comping again!*0 -
indielad1010 wrote: »Hehe the correct spelling is 'queue'
I had a prospective buyer 5 days in the market as it was competitively priced.
And yet whilst correcting people on here you still haven't exchanged? I can understand your worry, it may not be happening and you will have to unpack. good luckAn answer isn't spam just because you don't like it......0
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