Seller taking a while with very niche requirement / value for money on property - thoughts?

F37A

Thrugelmir said:

F37A said:

 But worryingly she is completely inflexible, not willing to rent, or move in with family for example.

Takes two to compromise. What are you offering the vendor? 

I'm a FTB, reliable buyer - very unlikely to pull out unless significant problem they have been hiding. I've been flexible to date and offered to help them find a property. I'm taking a chance on a property that someone else has decided not to buy and thus has been relisted.

rexmedorum

F37A said:

Flugelhorn said:

I would be getting pretty fed up with someone who is prepared to wait as long as it takes.  Have you made it clear to the agent how long your mortgage offer is for ?

Yeah i told them offer expires in Feb 22. Very frustrating as the agent don't tell you the details until you've got an offer and taking a hit on credit rating. 

With xmas coming up I can see this sliding to January 22 easily given that I'm busy for next six weeks and can't view other properties. 

Feb 22? Are you prepared to wait that long? Or do you mean completio by Feb 22? Either way I'd start looking at other places.

sheramber

Did they withdraw because the sale wasn't going anywhere?

How long has your vendor been looking?

F37A

rexmedorum said:

F37A said:

Flugelhorn said:

I would be getting pretty fed up with someone who is prepared to wait as long as it takes.  Have you made it clear to the agent how long your mortgage offer is for ?

Yeah i told them offer expires in Feb 22. Very frustrating as the agent don't tell you the details until you've got an offer and taking a hit on credit rating. 

With xmas coming up I can see this sliding to January 22 easily given that I'm busy for next six weeks and can't view other properties. 

Feb 22? Are you prepared to wait that long? Or do you mean completio by Feb 22? Either way I'd start looking at other places.

I wouldn't want to wait this long but I'm tied up for the next 6 weeks so from mid November I can start looking again for something else.

One other option is to get a chain free flat in london - lots of those about.

TripleH

Thrugelmir, because the seller is being very very specific in what they want (a house in only one of 2 roads) I think refusing to move out into rental whilst waiting for a property to come up for sale (might not happen for years) is unreasonable. I think there is insufficient compromise by the op's vendor in this regard.

A compromise to me is waiting to find alternative accommodation to rent / buy that is an appropriate size or waiting a bit longer because you know the house you want to buy is coming on the market, probate is just being sorted.

theoretica

Value for money will in a large part be personal to you - if you need a third bedroom paying less for a property without one would not be a good choice.  If you will hardly ever use the room/garage/garden then you won't get great value out of paying to have one. 

AFF8879

F37A said:

rexmedorum said:

F37A said:

Flugelhorn said:

I would be getting pretty fed up with someone who is prepared to wait as long as it takes.  Have you made it clear to the agent how long your mortgage offer is for ?

Yeah i told them offer expires in Feb 22. Very frustrating as the agent don't tell you the details until you've got an offer and taking a hit on credit rating. 

With xmas coming up I can see this sliding to January 22 easily given that I'm busy for next six weeks and can't view other properties. 

Feb 22? Are you prepared to wait that long? Or do you mean completio by Feb 22? Either way I'd start looking at other 

One other option is to get a chain free flat in london - lots of those about.

Don’t do this…

Thrugelmir

TripleH said:

Thrugelmir, because the seller is being very very specific in what they want (a house in only one of 2 roads) I think refusing to move out into rental whilst waiting for a property to come up for sale (might not happen for years) is unreasonable.

Would you offer to make a contribution towards their rental and storage costs? 

TripleH

Thrugelmir said:

TripleH said:

Thrugelmir, because the seller is being very very specific in what they want (a house in only one of 2 roads) I think refusing to move out into rental whilst waiting for a property to come up for sale (might not happen for years) is unreasonable.

Would you offer to make a contribution towards their rental and storage costs? 

No, 'I would walk'. The vendor has shown little to no compromise (from the information presented) compared to the Op (flexibility over time).

But that is just my "opinion"

F37A

TripleH said:

Thrugelmir said:

TripleH said:

Thrugelmir, because the seller is being very very specific in what they want (a house in only one of 2 roads) I think refusing to move out into rental whilst waiting for a property to come up for sale (might not happen for years) is unreasonable.

Would you offer to make a contribution towards their rental and storage costs? 

No, 'I would walk'. The vendor has shown little to no compromise (from the information presented) compared to the Op (flexibility over time).

But that is just my "opinion"

Also I even offered to have her as a lodger should I buy the property. But no.