Very slow house sale

Shaztastic3000

Pull out, these guys clearly don’t want to spend any money as they aren’t serious. Their solicitor is probably engaged on no-completion-no-fee

eidand

9 weeks is unacceptable.

If they wanted to buy the house they would have done something by now. I would not even have answered any inquiries until the other stages were done, so survey, mortgage offer, searches. 

In your place I would put the house back on the market asap, enough is enough

Thrugelmir

Lollllly said:

Our lawyers said the buyers' solicitors are being unreasonable. 

Solicitors works their clients. Onus is on you to communicate your frustrations via the EA. 

davilown

You need to let the EA know that you want to put the house back in the market. If and when the buyers complete surveys and searches (if required), then the house will be marked as SSTC.

Crashy_Time

Obviously they are taking in the news about potential rising interest rates and are going to ask for a price reduction, IMO.

Slithery

Crashy_Time said:

Obviously they are taking in the news about potential rising interest rates and are going to ask for a price reduction, IMO.

Or maybe they are just FTB's who don't know how things usually work so are listening to their solicitor?

davilown

Crashy_Time said:

Obviously they are taking in the news about potential rising interest rates and are going to ask for a price reduction, IMO.

I’ve yet to hear any credible sources of this

Crashy_Time

davilown said:

Crashy_Time said:

Obviously they are taking in the news about potential rising interest rates and are going to ask for a price reduction, IMO.

I’ve yet to hear any credible sources of this

Just search Bank of England and rates, I`m sure there are also credible sources talking about it as well. As we know though ultimately they just react to global/U.S rates.

Crashy_Time

Slithery said:

Crashy_Time said:

Obviously they are taking in the news about potential rising interest rates and are going to ask for a price reduction, IMO.

Or maybe they are just FTB's who don't know how things usually work so are listening to their solicitor?

How things usually work in the sellers favour you mean?

peterhjohnson

sammyjammy said:

Surrey_EA said:

peterhjohnson said:

I know it's extra expense but I'd get your rental sorted ASAP.  

I definitely wouldn't suggest a client of mine did this. Don't commit to a rental until exchange. To avoid the possibility of being left running two properties.

On the flip side given the rarity of rentals at the moment you also risk being homeless once your transaction has gone through!

Exactly!!