Not sure penalties for pulling out of a sale

hazyjo

Shezz said:

hazyjo said:

How long did you think it would take?

In the current climate, I'd expect it to take 3-4 months average. It's only been that now. Less even.

I've done it all in 5 weeks, another time took 5 months (I was aiming for a month as sold to a keen investor!). It nearly always takes longer than you think it should.

These are cash buyers due to the sale of their house which was due to already complete  (hence the wait at the beginning to show funds), and yes we was aware that however long we thought it should take, it does take longer but definitely not this long, I could understand if they had to get a mortgage,  current climate? no hold up for that as the solicitors where working from home if they were not in the office, you did a sale in 5 weeks presume that was also a cash buyer (might be wrong) so it can be done. 

Was many moons ago, and a purchase of a flat with a mortgage. No doubt it would take a lot longer these days. It should be quicker without a mortgage, but not necessarily by that much.

It's not all about the solicitors. Things have generally taken longer in the current climate cos of backlogs elsewhere. It's not always so easy to wfh, plus many staff in various industries were furloughed. Some people were waiting months just for searches to come back!