Is there anything we can do?

[Deleted User]

@getmore4less

Thats great but what’s your advice? I appreciate the level of time you have to gather up all my posts but not sure on the relevance? I do mention on this post that I’ve made a few already and attempt to summarise. 

I’ve never sold or bought at once before, so the process is new to me and so I’ve come to this forum for advice whenever we’ve encountered issues. On many occasions we’ve followed the advice we’ve received and in most cases it’s enabled us to move forward as things have been resolved. 

I think it’s a shame that some people comment on threads to be no help whatsoever with clearly no aim at all. 

I’m aware of all those posts, I wrote them, so thanks for the absolutely useless response. 

980233

Deleted User said:

@getmore4less

Thats great but what’s your advice? I appreciate the level of time you have to gather up all my posts but not sure on the relevance? I do mention on this post that I’ve made a few already and attempt to summarise. 

I’ve never sold or bought at once before, so the process is new to me and so I’ve come to this forum for advice whenever we’ve encountered issues. On many occasions we’ve followed the advice we’ve received and in most cases it’s enabled us to move forward as things have been resolved. 

I think it’s a shame that some people comment on threads to be no help whatsoever with clearly no aim at all. 

I’m aware of all those posts, I wrote them, so thanks for the absolutely useless response. 

The advice is bin this house and stop thinking the tenants are the problem, the problem is the seller. You cannot influence the actions of the tenants nor can the seller in all reality in the short term.

[Deleted User]

@980233 I’ve had some mixed advice in terms of start looking elsewhere but don’t withdraw the offer vs just completely withdraw and start again. 

You say to completely bin it off so presumably you’d agree with the latter?

Ramouth

Unfortunately it doesn’t look like there is anything you can do.  I think that is why you are not getting the responses you were hoping for.  Even if you were to offer the tenants an incentive to leave on time it is unlikely that this would help as they are also at the mercy of a chain.

The only thing you can do is to try and keep calm and just ride with it.  I found the serenity prayer to be rather useful for house purchasing:

 “Grant me the serenity to accept the things I cannot change, courage to change the things I can, and wisdom to know the difference.”

You will get there in the end.

980233

Deleted User said:

@980233 I’ve had some mixed advice in terms of start looking elsewhere but don’t withdraw the offer vs just completely withdraw and start again. 

You say to completely bin it off so presumably you’d agree with the latter?

Yes I would bin completely , you pulled out before and suddenly 'dates' started getting muted. It's nearly November and you still have no clue what is actually happening for vacant possession.

MaryNB

Deleted User said:

@getmore4less

Thats great but what’s your advice? I appreciate the level of time you have to gather up all my posts but not sure on the relevance? I do mention on this post that I’ve made a few already and attempt to summarise. 

I’ve never sold or bought at once before, so the process is new to me and so I’ve come to this forum for advice whenever we’ve encountered issues. On many occasions we’ve followed the advice we’ve received and in most cases it’s enabled us to move forward as things have been resolved. 

I think it’s a shame that some people comment on threads to be no help whatsoever with clearly no aim at all. 

I’m aware of all those posts, I wrote them, so thanks for the absolutely useless response. 

It's quite frustrating on this forum when people start multiple threads that all relate to the same issue. People spend time reading the first post and formulating a response in order to help. What they don't get is all the background information from the other threads that is relevant and would have a significant impact on their response. You also end up with a lot of repeated responses. It is more helpful if updates or changes are added to the original thread, not on a new thread. 

getmore4less

you missed my key point.

This is 2 chains not one.


The time line is important and the detail  you have a tenanted property and a move to a new build at 2 points on the chain above you.

They really have no incentive hurry up rather than move into rented the new build buyer could just pay some of the rent of the tenants that are buying their place.

Your chain ends at the landlord and they have no control over any dates the tenant might want.


Back in August the main message was tenanted property all bets are off could be months


You are back where you were 2 weeks ago(post on the 11th) repeat that option.

It took a week(18th) then to get things back on some sort of track.
That was with no date for exchange but a hope for the end of the months less than 2 weeks(very optimistic).

You are the back at the end of a week again so nothing will happen till next week and then a new date will need to be agreed.

To late for any further threats to pull out to make this week happen should have done that end of last week with an exchange deadline or dates moved into Nov 

options 

Pull out or just wait. 

You are only ~8/9 weeks in from you finding this place, which is pretty quick.

Don't aim to complete on a Friday.


Good chance you are getting played by the one that needs to break the chain because of new build they can keep dragging things out  because the only one that can give them threats is the tenant but hey won't have any incentive to do that as they can just wait.

lookstraightahead

The advice is as it's always been. You can't exchange on a property without vacant possession, over which you have no control.

the situation now, I think, is do you want to keep your buyers and move into rented/look for something else )if they're happy to wait) or do you want to take your house off the market and stay there.

You can't force anyone out of their home.

one of the benefits of being in a rental is that you don't have the hassle of a chain beneath you when you buy. It's one of the biggest advantages actually. They don't have a chain beneath them. 

fiveacre

Deleted User said:

Thats great but what’s your advice?

The advice has been consistent since the start to be fair - don't buy a house with sitting tenants if you intend to occupy it. 

Sunsaru

fiveacre said:

Deleted User said:

Thats great but what’s your advice?

The advice has been consistent since the start to be fair - don't buy a house with sitting tenants if you intend to occupy it. 

Correction - don't buy a house with sitting tenants if you intend to occupy it anytime soon....