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Vendor has not appointed a solicitor

putopao
putopao Posts: 95 Forumite
Fourth Anniversary 10 Posts Name Dropper
in House buying, renting & selling
We are FTB , Our offer has been accepted, I instructed our solicitor to start the process however he got an email from the EA that the vendor has not yet appointed any solicitor so he can’t send the Memorandum of sales yet. It is making me think if they are really serious into selling their house. What should we do? 
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Comments

  • Retired_Mortgage_Adviser
    Retired_Mortgage_Adviser Posts: 590 Forumite
    500 Posts Name Dropper
    Is the vendor chain-free? If not, what is the status of their onward purchase? I wouldn't spend any money on conveyancing until there's more visibility.
  • Flugelhorn
    Flugelhorn Posts: 7,626 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    I had a buyer who took ages to appoint a solicitor, wasn't straightforward as he was returning from abroad etc etc , they did get on when I started muttering.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 14 February 2020 at 5:20PM
    Has your vendor found a property themselves yet? 
    How far has your mortgage application progressed? Little point in starting legal work as yet. 
  • eddddy
    eddddy Posts: 18,547 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 14 February 2020 at 6:24PM
    putopao said:
    We are FTB , Our offer has been accepted, I instructed our solicitor to start the process however he got an email from the EA that the vendor has not yet appointed any solicitor so he can’t send the Memorandum of sales yet. It is making me think if they are really serious into selling their house. What should we do? 
    Didn't the EA explain why the vendor hasn't appointed a solicitor? You should ask the EA.

    For example, it could be because the vendor is waiting for the chain to be complete, before starting the conveyancing process.
  • putopao
    putopao Posts: 95 Forumite
    Fourth Anniversary 10 Posts Name Dropper
    The vendor is looking for a place still . Is this worth waiting for? I know it might take forever and I am scared if they wont find anything, they might not sell the house. How likely is this to happen. 
  • [Deleted User]
    [Deleted User] Posts: 7,323 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I would back off, leave the offer in place but carry on looking for a property.  
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    putopao said:
    The vendor is looking for a place still . Is this worth waiting for? I know it might take forever and I am scared if they wont find anything, they might not sell the house. How likely is this to happen. 
    Catch 22. Little point in looking seriously until ones own property is sold. Then it's a question of what the position is of the vendor above. Chains take time to build. 









  • putopao
    putopao Posts: 95 Forumite
    Fourth Anniversary 10 Posts Name Dropper
    It is really frustrating when you are so ready to buy a property but then you will be caught up in a chain. 
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    When it's finally all over. You vow never to undertake the process again, but you do.
  • putopao
    putopao Posts: 95 Forumite
    Fourth Anniversary 10 Posts Name Dropper
    I just really hope this sale will push through. I will give them 2 weeks to hire a solicitor for the memorandum of sale, with that I would know that they are sincere even just for a bit. 
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