Completion offered with buyer no mortgage

GDB2222

surrender_in_pity wrote: »

I would also say that no valuation or environmental search having taken place when a completion is due to happen that day, well that feels more than issues arising?


Unless that's perfectly normal for a solicitor to say we are exchanging today and have no idea what stage their buyer is.
Maybe it is.

My impression with these transactions is that the professionals nearly always act in good faith. It's the clients that aren't straightforward.

In your case, your buyers may have been perfectly truthful. It's just that they believed what their buyers told them.

Their buyers may simply not have understood the position properly. You should see some of the things posted here on this forum. The number of people who don't understand basic stuff like the difference between signing a contract and exchanging it, or even the difference between exchange and completion!

The buyers may have said that they didn't care about the knotweed, not realising that it wasn't their sole decision to make, as the lenders have a far bigger stake in the property than they do.

Add in the estate agents, and the whole thing becomes a game of Chinese whispers. It's hardly surprising messages get confused.

You are definitely due a gigantic apology, but insisting on getting it may not be worth the trouble. You do have my sympathy, though.

surrender_in_pity

GDB2222 wrote: »

My impression with these transactions is that the professionals nearly always act in good faith. It's the clients that aren't straightforward.

In your case, your buyers may have been perfectly truthful. It's just that they believed what their buyers told them.

Their buyers may simply not have understood the position properly. You should see some of the things posted here on this forum. The number of people who don't understand basic stuff like the difference between signing a contract and exchanging it, or even the difference between exchange and completion!

The buyers may have said that they didn't care about the knotweed, not realising that it wasn't their sole decision to make, as the lenders have a far bigger stake in the property than they do.

Add in the estate agents, and the whole thing becomes a game of Chinese whispers. It's hardly surprising messages get confused.

You are definitely due a gigantic apology, but insisting on getting it may not be worth the trouble. You do have my sympathy, though.

you know what is exhausting.
Is even getting the various parties to admit the situation
feels like I am going crazy

GDB2222

surrender_in_pity wrote: »

you know what is exhausting.
Is even getting the various parties to admit the situation
feels like I am going crazy

Stick it back on the market. They will get the message loud and clear that you are fed up.

It's why I asked whether you have more than one agent. If you had two, the other one would have a buyer almost immediately - anything to shaft the opposition. As you have a sole agent, he has no real incentive to chase up another buyer.