Buyers reluctant to pay deposit

Suseka97

Sorry to hear you're having such a hard time over this and hoping for a positive outcome.

Slips36

greatcrested said:

The EA was trying to get exchanged on Tuesday but my solicitor only received my signed paperwork on Tuesday morning

and you are complaining about the buyer delaying deposit transfer? When you have been equally tardy with transferring paperwork.

I was under the impression you were 'ready to go'!

Bit unfair has I only received paperwork on Thursday afternoon, that’s the purchase contract, Tr1 form, mortgage deed, amended tr1 for sales.
i had to print them out get witness signed.RmSD Monday morning got to solicitor Tuesday morning.

Slips36

The whole of conveyance needs updating. Weeks of hard work goes out of window if the buyer/ seller change their mind for no good reason. They only lose the search fees, nowadays with no completion no fee solicitors, free mortgage valuation.

youth_leader

It's strange your buyer is saying he can't find his solicitor's payment details, they are in the letter you get confirming instruction.  Bit risky emailing them.  Fingers crossed you get the 'happy to exchange' call in the morning.  

Slips36

youth_leader said:

It's strange your buyer is saying he can't find his solicitor's payment details, they are in the letter you get confirming instruction.  Bit risky emailing them.  Fingers crossed you get the 'happy to exchange' call in the morning.  

He put offer in late September so may have lost his solicitor bank details. The EA this morning phoned me and told me to contact my solicitor to get him to email the buyers solicitor about 5th March completion. She said he has his finger on the button to pay the deposit as soon as my solicitor confirm the completion date.
later on I told her what was that about and she said don’t know what happened there. Obviously she wants her commission so tells little fib to get things going. She reckons the buyer is 100% to go ahead with the purchase.

AskAsk

youth_leader said:

It's strange your buyer is saying he can't find his solicitor's payment details, they are in the letter you get confirming instruction.  Bit risky emailing them.  Fingers crossed you get the 'happy to exchange' call in the morning.  

our solicitor would not send bank details via email or accept them via email as email is not secure and is often targetted by criminals.  the letter states that we should call the solicitors to confirm the bank details before making payment.

AskAsk

Slips36 said:

If it all goes pear shaped tomorrow, I’m going to be gutted has 5 months of hard work gone. How do you get over that?
I will have few months rest and put it back on the market but would have lost my dream home.
Any cash buyers on this forum?

we had a recent sale that took a year as we had 4 buyers, 3 fell through.  when the buyer drags things out and you can't get a straight answer it can be very frustrating and it can be the buyer playing games and stringing the seller along.

we could not agree a completion date as the buyer solicitors wanted to agree a completion date without agreeing an exchange date and we need to have a gap agreed between the two dates.  so it went round and round, with the buyer telling the estate agent we were going to exchange a few times and it just never happened.

it eventually did with the 4th buyer and i found the whole experience very disappointing.

Slips36

Getting there slowly, the EA said the buyer texted her that he has paid the deposit. Not heard from the solicitors so still waiting for exchange. Fingers crossed 

Thrugelmir

Slips36 said:

Getting there slowly, the EA said the buyer texted her that he has paid the deposit. Not heard from the solicitors so still waiting for exchange. Fingers crossed 

Money laundering checks first. 

Slips36

Thrugelmir said:

Slips36 said:

Getting there slowly, the EA said the buyer texted her that he has paid the deposit. Not heard from the solicitors so still waiting for exchange. Fingers crossed 

Money laundering checks first. 

Maybe, I’m sure right at the start the solicitors check 6 months bank statement, 6 months payslips,p60,id check.