How long do you wait for your seller to find somewhere?

gab3x

I hate people like your seller. If you put your property on the market you need to be ready to move fast once you get the offer or you will risk chain collapse for everyone else. Her actions are spoilt and selfish.

Finding a property should be easy if you do your research before receiving an offer. if you don't do it you may find you haven't priced your own property well or that you cannot actually afford the move and you're wasting everyone else's time and money as a result.

benson1980

gab3x said:

I hate people like your seller. If you put your property on the market you need to be ready to move fast once you get the offer or you will risk chain collapse for everyone else. Her actions are spoilt and selfish.

Finding a property should be easy if you do your research before receiving an offer. if you don't do it you may find you haven't priced your own property well or that you cannot actually afford the move and you're wasting everyone else's time and money as a result.

Yowsers.....perhaps they just want to find the right house for what is the biggest investment of their lives.

you can’t put a serious offer in until you have your house sstc. We’ve moved quite a bit over the last few years, always in chains. I would say two to three months is more reasonable before you start thinking of pulling the plug, and how long we took (and we were all over Rightmove/ringing agents). Luckily our buyers have always been reasonable people and understood the deal would get done. You cannot expect someone to find something as soon as they have an offer unless they get lucky, and will generally be waiting for something new coming on, because in hot markets what isn’t sold on Rightmove are the overpriced/flawed houses that no one else wants to buy. 

As long as they are making the right noises in terms of proactivity, I certainly wouldn’t be concerned at this point.

gab3x

benson1980 said:

gab3x said:

I hate people like your seller. If you put your property on the market you need to be ready to move fast once you get the offer or you will risk chain collapse for everyone else. Her actions are spoilt and selfish.

Finding a property should be easy if you do your research before receiving an offer. if you don't do it you may find you haven't priced your own property well or that you cannot actually afford the move and you're wasting everyone else's time and money as a result.

Yowsers.....perhaps they just want to find the right house for what is the biggest investment of their lives.

you can’t put a serious offer in until you have your house sstc. We’ve moved quite a bit over the last few years, always in chains. I would say two to three months is more reasonable before you start thinking of pulling the plug, and how long we took (and we were all over Rightmove/ringing agents). Luckily our buyers have always been reasonable people and understood the deal would get done. You cannot expect someone to find something as soon as they have an offer unless they get lucky, and will generally be waiting for something new coming on, because in hot markets what isn’t sold on Rightmove are the overpriced/flawed houses that no one else wants to buy. 

As long as they are making the right noises in terms of proactivity, I certainly wouldn’t be concerned at this point.

I wouldn't put an offer on a property without commitment from seller that they will exchange in 4-6 weeks time. If they haven't found anywhere by then they can always rent until they do even if they are portering. I would of course be prepared to do the same.

We moved house in January. The whole process took 10 weeks from offer, we had first time buyer for our flat and our seller was in a chain so 4 links in total.

That's how you operate in the hot market or you risk chains breaking. If seller takes two months to put an offer on a place then their seller does the same the whole process can take half a year to a year. In hot market this means that prices have significantly shifted and someone might get a cash offer from no chain buyer putting the whole chain in disarray. 

benson1980

gab3x said:

benson1980 said:

gab3x said:

I hate people like your seller. If you put your property on the market you need to be ready to move fast once you get the offer or you will risk chain collapse for everyone else. Her actions are spoilt and selfish.

Finding a property should be easy if you do your research before receiving an offer. if you don't do it you may find you haven't priced your own property well or that you cannot actually afford the move and you're wasting everyone else's time and money as a result.

Yowsers.....perhaps they just want to find the right house for what is the biggest investment of their lives.

you can’t put a serious offer in until you have your house sstc. We’ve moved quite a bit over the last few years, always in chains. I would say two to three months is more reasonable before you start thinking of pulling the plug, and how long we took (and we were all over Rightmove/ringing agents). Luckily our buyers have always been reasonable people and understood the deal would get done. You cannot expect someone to find something as soon as they have an offer unless they get lucky, and will generally be waiting for something new coming on, because in hot markets what isn’t sold on Rightmove are the overpriced/flawed houses that no one else wants to buy. 

As long as they are making the right noises in terms of proactivity, I certainly wouldn’t be concerned at this point.

I wouldn't put an offer on a property without commitment from seller that they will exchange in 4-6 weeks time. If they haven't found anywhere by then they can always rent until they do even if they are portering. I would of course be prepared to do the same.

We moved house in January. The whole process took 10 weeks from offer, we had first time buyer for our flat and our seller was in a chain so 4 links in total.

That's how you operate in the hot market or you risk chains breaking. If seller takes two months to put an offer on a place then their seller does the same the whole process can take half a year to a year. In hot market this means that prices have significantly shifted and someone might get a cash offer from no chain buyer putting the whole chain in disarray. 

Erm...no. We're in a commuter village on the A3, which has always been very popular/rising market. People wait. If a buyer came to us with an offer subject to those conditions, we'd decline and just wait for a reasonable buyer to come along. I'd also consider them to be a potential nightmare to deal with going forward so it would put me off on a number of levels. With covid delays you couldn't even get conveyancing done in 4 to 6 weeks so this is totally unrealistic for most. We also have two kids, a load of stuff, and zero interest in going into rented. Three sets of buyers for us, and not once had a problem as long as we kept everyone updated. We have however focussed our search on chain free properties so we don't build in another delay. 

4 moves like this, a couple of wobbles with people below us having to secure new buyers, but all gone through without much drama. So I can categorically say this isn't how it has to happen in a rising market.

lookstraightahead

I have always sold, give into rented, then bought. It makes chains smaller and makes money back for being bottom of chain, and for me personally it's less stressful as I can have an overlap of two properties (only serving notice when completed).

i don't even look at properties that don't wish to move before they have found their "dream home". Short chains work so much better for me and I'm not going to hang around for months and months making the biggest decision of my life, while someone else's biggest decision is more important than mine (and paying for the privilege). 

Just my opinion as a buyer and a seller - always done it this way. Happy to move out for others to buy if I really want to sell quickly. After all, my buyer is my customer. 

lookstraightahead

benson1980 said:

gab3x said:

benson1980 said:

gab3x said:

I hate people like your seller. If you put your property on the market you need to be ready to move fast once you get the offer or you will risk chain collapse for everyone else. Her actions are spoilt and selfish.

Finding a property should be easy if you do your research before receiving an offer. if you don't do it you may find you haven't priced your own property well or that you cannot actually afford the move and you're wasting everyone else's time and money as a result.

Yowsers.....perhaps they just want to find the right house for what is the biggest investment of their lives.

you can’t put a serious offer in until you have your house sstc. We’ve moved quite a bit over the last few years, always in chains. I would say two to three months is more reasonable before you start thinking of pulling the plug, and how long we took (and we were all over Rightmove/ringing agents). Luckily our buyers have always been reasonable people and understood the deal would get done. You cannot expect someone to find something as soon as they have an offer unless they get lucky, and will generally be waiting for something new coming on, because in hot markets what isn’t sold on Rightmove are the overpriced/flawed houses that no one else wants to buy. 

As long as they are making the right noises in terms of proactivity, I certainly wouldn’t be concerned at this point.

I wouldn't put an offer on a property without commitment from seller that they will exchange in 4-6 weeks time. If they haven't found anywhere by then they can always rent until they do even if they are portering. I would of course be prepared to do the same.

We moved house in January. The whole process took 10 weeks from offer, we had first time buyer for our flat and our seller was in a chain so 4 links in total.

That's how you operate in the hot market or you risk chains breaking. If seller takes two months to put an offer on a place then their seller does the same the whole process can take half a year to a year. In hot market this means that prices have significantly shifted and someone might get a cash offer from no chain buyer putting the whole chain in disarray. 

Erm...no. We're in a commuter village on the A3, which has always been very popular/rising market. People wait. If a buyer came to us with an offer subject to those conditions, we'd decline and just wait for a reasonable buyer to come along. I'd also consider them to be a potential nightmare to deal with going forward so it would put me off on a number of levels. With covid delays you couldn't even get conveyancing done in 4 to 6 weeks so this is totally unrealistic for most. We also have two kids, a load of stuff, and zero interest in going into rented. Three sets of buyers for us, and not once had a problem as long as we kept everyone updated. We have however focussed our search on chain free properties so we don't build in another delay. 

4 moves like this, a couple of wobbles with people below us having to secure new buyers, but all gone through without much drama. So I can categorically say this isn't how it has to happen in a rising market.

So you can see the value of looking at chain free properties, but expect others to wait for you. I'm not being argumentative, but you are actually specifying that you won't wait with your house purchase! 

Also worth noting on your search that despite you looking for chain free, they can change their minds and just before exchange decide they're not in a rush either/wouldn't entertain renting etc.

We've just bought and had absolutely no delays that were down to Covid. Maybe lucky, but the housing professionals that we experienced (solicitor/structural surveyor/EA/mortgage provider/search results) were all timely.

benson1980

lookstraightahead said:

benson1980 said:

gab3x said:

benson1980 said:

gab3x said:

I hate people like your seller. If you put your property on the market you need to be ready to move fast once you get the offer or you will risk chain collapse for everyone else. Her actions are spoilt and selfish.

Finding a property should be easy if you do your research before receiving an offer. if you don't do it you may find you haven't priced your own property well or that you cannot actually afford the move and you're wasting everyone else's time and money as a result.

Yowsers.....perhaps they just want to find the right house for what is the biggest investment of their lives.

you can’t put a serious offer in until you have your house sstc. We’ve moved quite a bit over the last few years, always in chains. I would say two to three months is more reasonable before you start thinking of pulling the plug, and how long we took (and we were all over Rightmove/ringing agents). Luckily our buyers have always been reasonable people and understood the deal would get done. You cannot expect someone to find something as soon as they have an offer unless they get lucky, and will generally be waiting for something new coming on, because in hot markets what isn’t sold on Rightmove are the overpriced/flawed houses that no one else wants to buy. 

As long as they are making the right noises in terms of proactivity, I certainly wouldn’t be concerned at this point.

I wouldn't put an offer on a property without commitment from seller that they will exchange in 4-6 weeks time. If they haven't found anywhere by then they can always rent until they do even if they are portering. I would of course be prepared to do the same.

We moved house in January. The whole process took 10 weeks from offer, we had first time buyer for our flat and our seller was in a chain so 4 links in total.

That's how you operate in the hot market or you risk chains breaking. If seller takes two months to put an offer on a place then their seller does the same the whole process can take half a year to a year. In hot market this means that prices have significantly shifted and someone might get a cash offer from no chain buyer putting the whole chain in disarray. 

Erm...no. We're in a commuter village on the A3, which has always been very popular/rising market. People wait. If a buyer came to us with an offer subject to those conditions, we'd decline and just wait for a reasonable buyer to come along. I'd also consider them to be a potential nightmare to deal with going forward so it would put me off on a number of levels. With covid delays you couldn't even get conveyancing done in 4 to 6 weeks so this is totally unrealistic for most. We also have two kids, a load of stuff, and zero interest in going into rented. Three sets of buyers for us, and not once had a problem as long as we kept everyone updated. We have however focussed our search on chain free properties so we don't build in another delay. 

4 moves like this, a couple of wobbles with people below us having to secure new buyers, but all gone through without much drama. So I can categorically say this isn't how it has to happen in a rising market.

So you can see the value of looking at chain free properties, but expect others to wait for you. I'm not being argumentative, but you are actually specifying that you won't wait with your house purchase! 

Also worth noting on your search that despite you looking for chain free, they can change their minds and just before exchange decide they're not in a rush either/wouldn't entertain renting etc.

We've just bought and had absolutely no delays that were down to Covid. Maybe lucky, but the housing professionals that we experienced (solicitor/structural surveyor/EA/mortgage provider/search results) were all timely.

Yes, because we haven't advertised as chain free so our buyers are going in with their eyes open, knowing we need to find. We have looked for chain free properties to speed the process up as of course it's preferable hence why it's listed as a key feature in the rightmove ads. If the right house, not chain free, cropped up then I'm not saying we'd rule it out as such.

The point being, I don't think spending a bit of time in excess of the OPs timeframe in this case, trying to find the right house, is selfish or an outrageous thing to do, for all others in the chain. I've presented our own experiences in that our buyers haven't had an issue waiting for 2-3 months. Other buyers may have been different. One could argue it's selfish to try and specify exchange in 4-6 weeks following offer without taking into consideration the sellers circumstances. At the end of the day, everyone looks after their own agenda.

Our conveyancing that concluded December took around 10 weeks, and between this and 14 weeks was the norm at the time. Generally it's been 6-8 weeks pre-covid. 

Thrugelmir

gab3x said:

I hate people like your seller. If you put your property on the market you need to be ready to move fast once you get the offer or you will risk chain collapse for everyone else. Her actions are spoilt and selfish

.

Nothing like an impatient buyer who considers others selfish and spoilt because they won't jump when they are told to by a total stranger.  I'd happily let such individuals walk away as the same attitude normally prevails throughout the whole transaction. Which is stressful enough at the best of times. 

lookstraightahead

Thrugelmir said:

gab3x said:

I hate people like your seller. If you put your property on the market you need to be ready to move fast once you get the offer or you will risk chain collapse for everyone else. Her actions are spoilt and selfish

.

Nothing like an impatient buyer who considers others selfish and spoilt because they won't jump when they are told to by a total stranger.  I'd happily let such individuals walk away as the same attitude normally prevails throughout the whole transaction. Which is stressful enough at the best of times. 

I think it's down to how much someone wants to sell, and how much someone wants a particular property. Everyone has different agendas.

i try not to get too fixed on bricks and mortar so that I can make a sound financial decision. I understand a buyer needing to buy quickly so as a seller I would accommodate, and I expect similar the other way around.

if it doesn't match up, fine, everyone can go on their own pathway.

I'm very happy to move on as a buyer, and I'm sure there are lots of sellers happy to do that as well.

lookstraightahead

benson1980 said:

lookstraightahead said:

benson1980 said:

gab3x said:

benson1980 said:

gab3x said:

I hate people like your seller. If you put your property on the market you need to be ready to move fast once you get the offer or you will risk chain collapse for everyone else. Her actions are spoilt and selfish.

Finding a property should be easy if you do your research before receiving an offer. if you don't do it you may find you haven't priced your own property well or that you cannot actually afford the move and you're wasting everyone else's time and money as a result.

Yowsers.....perhaps they just want to find the right house for what is the biggest investment of their lives.

you can’t put a serious offer in until you have your house sstc. We’ve moved quite a bit over the last few years, always in chains. I would say two to three months is more reasonable before you start thinking of pulling the plug, and how long we took (and we were all over Rightmove/ringing agents). Luckily our buyers have always been reasonable people and understood the deal would get done. You cannot expect someone to find something as soon as they have an offer unless they get lucky, and will generally be waiting for something new coming on, because in hot markets what isn’t sold on Rightmove are the overpriced/flawed houses that no one else wants to buy. 

As long as they are making the right noises in terms of proactivity, I certainly wouldn’t be concerned at this point.

I wouldn't put an offer on a property without commitment from seller that they will exchange in 4-6 weeks time. If they haven't found anywhere by then they can always rent until they do even if they are portering. I would of course be prepared to do the same.

We moved house in January. The whole process took 10 weeks from offer, we had first time buyer for our flat and our seller was in a chain so 4 links in total.

That's how you operate in the hot market or you risk chains breaking. If seller takes two months to put an offer on a place then their seller does the same the whole process can take half a year to a year. In hot market this means that prices have significantly shifted and someone might get a cash offer from no chain buyer putting the whole chain in disarray. 

Erm...no. We're in a commuter village on the A3, which has always been very popular/rising market. People wait. If a buyer came to us with an offer subject to those conditions, we'd decline and just wait for a reasonable buyer to come along. I'd also consider them to be a potential nightmare to deal with going forward so it would put me off on a number of levels. With covid delays you couldn't even get conveyancing done in 4 to 6 weeks so this is totally unrealistic for most. We also have two kids, a load of stuff, and zero interest in going into rented. Three sets of buyers for us, and not once had a problem as long as we kept everyone updated. We have however focussed our search on chain free properties so we don't build in another delay. 

4 moves like this, a couple of wobbles with people below us having to secure new buyers, but all gone through without much drama. So I can categorically say this isn't how it has to happen in a rising market.

So you can see the value of looking at chain free properties, but expect others to wait for you. I'm not being argumentative, but you are actually specifying that you won't wait with your house purchase! 

Also worth noting on your search that despite you looking for chain free, they can change their minds and just before exchange decide they're not in a rush either/wouldn't entertain renting etc.

We've just bought and had absolutely no delays that were down to Covid. Maybe lucky, but the housing professionals that we experienced (solicitor/structural surveyor/EA/mortgage provider/search results) were all timely.

Yes, because we haven't advertised as chain free so our buyers are going in with their eyes open, knowing we need to find. We have looked for chain free properties to speed the process up as of course it's preferable hence why it's listed as a key feature in the rightmove ads. If the right house, not chain free, cropped up then I'm not saying we'd rule it out as such.

The point being, I don't think spending a bit of time in excess of the OPs timeframe in this case, trying to find the right house, is selfish or an outrageous thing to do, for all others in the chain. I've presented our own experiences in that our buyers haven't had an issue waiting for 2-3 months. Other buyers may have been different. One could argue it's selfish to try and specify exchange in 4-6 weeks following offer without taking into consideration the sellers circumstances. At the end of the day, everyone looks after their own agenda.

Our conveyancing that concluded December took around 10 weeks, and between this and 14 weeks was the norm at the time. Generally it's been 6-8 weeks pre-covid. 

I think you hit the nail on the head there. Everyone does look after their own agenda. What's reasonable to one person might not be to another. You probably wouldn't entertain my impatience, I probably would have given up by now 😊