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Help! Completion date won’t be met - New Buyuer
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I would ask them to agree an exchange and completion date after the 7 days isolation period and ask for it in writing.
Request that he finds somewhere to move to at the end of the 7 days.0 -
Price just dropped 10k I assume?1
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Transferring the deposit to your solicitor doesn't mean you've "paid" it, it's still your money and you get it back if the transaction doesn't go ahead.bethan11 said:
I would of walked away if I knew the situation but I wasn’t told anything until I’d paid up my deposit and fees which is what’s angered me the most I feel like I’ve been duped into a paymentbabyblade41 said:I think you have a couple of options, sit and wait it out as you would have had a specific call from your solicitor to ask you if you are OK to exchange on that day , ..a completion date would have been agreed and will be written in the contract as soon as confirmed.
My solicitor follows up with an email when exchange has happened and usually a letter from the agent (that isn't always the case)
Secondly you can walk away .. but actually mean it and start looking at other properties and explain to the agent that they have a couple of weeks of isolation and that's it
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Why do this?Comms69 said:Life isn't about the number of breaths we take, but the moments that take our breath away. Like choking....0 -
This is misleading. It only costs the vendor money if contracts have been exchanged and the vendor is unable to complete. If contracts have not been exchanged, it costs the vendor nothing.blue_max_3 said:If the vendor didn't tell their solicitor that there was a tenant, then the fault lies directly with the vendor. And it is going to cost an absolute fortune! There are specified costs which can be reclaimed. You need to contact your solicitor to sent a notification to their solicitor to start the process.No reliance should be placed on the above! Absolutely none, do you hear?1 -
Even without Covid-19, you're on a pretty good timeline, and unfortunately these sorts of delays do happen and they do usually get sorted out. We offered in first week of June last year and "agreed" on several completion dates from 29th July to 18th September, actually completing on Wednesday 28th August having suddenly and unexpectedly exchanged the previous Friday with a bank holiday Monday and a Tuesday to arrange for removals. Pretty much all my posts from last summer are about stress, being stressed, anxiety that everything will fall apart, more stress, worry about surveys, building certificates, removals ..... Unfortunately, you've got a difficult ex-husband and Covid to contend with as well; however that too will pass and once you're in your new house you'll forget all about this time. In the meantime, you really do have my sympathy because it's not a nice anxiety.I do find the Estate Agents suddenly become useful in these times - they WANT this sale (the solicitor doesn't care - if they're at point of exchange they've already earned their cash). I'd be on the phone to the EA and get them to hassle their client ... They work for the client, but they won't get their money with the ex-husband in place, from you or from anyone. Our EA hassled us on "behalf" of our buyer. Hassled our buyer on our behalf, hassled all the solicitors (and since we were in a chain of 5, they hassled all the other estate agents, too) ... It's literally in their job description to be annoying, so perhaps they can help e.g. by identifying rentals for the ex-husband to consider (helpful if they do rentals as well as sales, but they'll know someone who does anyway) ...1
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It’s hard to tell whether prices have dropped due to Covid, because there are so few transactions. I’d be reluctant to plough ahead at a price agreed in January, as there’s a big risk that prices are dropping. This depends on the lockdown and how many people find themselves without a job when it ends.mcpitman said:Really, Bethan is far better off waiting until she can see what happens to prices when the lockdown ends. And in future, avoid buying from divorcing couples as there’s too much to go wrong.No reliance should be placed on the above! Absolutely none, do you hear?0
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