Top of the chain have pulled out of another house!!

charlotteo1988

Hello Again, 

more advice needed if anyone has any. 

We sold our house in July we had our offer accepted on a property in august. The vendor found a few houses but was outbidded twice and finally found a third property. 

The top of the chain then found a new build but as it wasn’t going to be ready was willing to go into rented accommodation. A few weeks later I got a update that they changed their mind and found another property that they had an offer accepted on and it was no onward chain. 

They just had a survey come back and apparently has 80k worth of work so they have pulled out but now refusing to go into rented accommodation to keep the chain moving and said everyone will just have to wait until they find something they like and start the process again. 

Any advice as to how to get the chain moving again? Or persuade the top of the chain to go into rented accommodation? 

Thanks

KeepOnKnitting

Maybe you should pull out and find somewhere else? Sounds like your vendor isn't ready to sell. They may change their minds about going into rented and get a move on, but at least you will potentially make progress on another property.

Snookie12cat

charlotteo1988 said:

Hello Again, 

more advice needed if anyone has any. 

We sold our house in July we had our offer accepted on a property in august. The vendor found a few houses but was outbidded twice and finally found a third property. 

The top of the chain then found a new build but as it wasn’t going to be ready was willing to go into rented accommodation. A few weeks later I got a update that they changed their mind and found another property that they had an offer accepted on and it was no onward chain. 

They just had a survey come back and apparently has 80k worth of work so they have pulled out but now refusing to go into rented accommodation to keep the chain moving and said everyone will just have to wait until they find something they like and start the process again. 

Any advice as to how to get the chain moving again? Or persuade the top of the chain to go into rented accommodation? 

Thanks

You can't make someone go into rented, I sure wouldn't. 

Your choices here are wait or find something else and hope it's faster. That's it really

charlotteo1988

KeepOnKnitting said:

Maybe you should pull out and find somewhere else? Sounds like your vendor isn't ready to sell. They may change their minds about going into rented and get a move on, but at least you will potentially make progress on another property.

It’s not my vendor it’s the one above her so sort of out of my control. I think it is a case of just having to sit and wait. 

Frustrating but hands are tied. Never mind.

lookstraightahead

I always go into rented to break the chain.

so, are you in rented so that you don't let your buyers down?

charlotteo1988

lookstraightahead said:

I always go into rented to break the chain.

so, are you in rented so that you don't let your buyers down?

I would consider it straight away but I have two small kids and two dogs so trying to find somewhere that would allow us to have dogs on a short term lease is proving difficult. 

The lady we are purchasing from lives on her own her but the estate agent said he isn’t going to say to her about the possibility of her renting because he said it’s unfair because she is elderly although he said she is very switched on. And the people she is buying off are now saying they wouldn’t go into rented whilst looking for a new property. We are almost ready to exchange on our purchase and the people buying ours will also be ready to exchange as they have just had the last thing emailed to their solicitor. 

I hope it doesn’t all fall through but I got a feeling it might and we are sitting ducks waiting. 

Happy new year :-( 

Crashy_Time

charlotteo1988 said:

Hello Again, 

more advice needed if anyone has any. 

We sold our house in July we had our offer accepted on a property in august. The vendor found a few houses but was outbidded twice and finally found a third property. 

The top of the chain then found a new build but as it wasn’t going to be ready was willing to go into rented accommodation. A few weeks later I got a update that they changed their mind and found another property that they had an offer accepted on and it was no onward chain. 

They just had a survey come back and apparently has 80k worth of work so they have pulled out but now refusing to go into rented accommodation to keep the chain moving and said everyone will just have to wait until they find something they like and start the process again. 

Any advice as to how to get the chain moving again? Or persuade the top of the chain to go into rented accommodation? 

Thanks

Did they offer the seller 80k less or did they just assume they wouldn`t accept?

peterhjohnson

Crashy_Time said:

Did they offer the seller 80k less or did they just assume they wouldn`t accept?

LOL! We're not all like you Crashy!

lookstraightahead

charlotteo1988 said:

lookstraightahead said:

I always go into rented to break the chain.

so, are you in rented so that you don't let your buyers down?

I would consider it straight away but I have two small kids and two dogs so trying to find somewhere that would allow us to have dogs on a short term lease is proving difficult. 

The lady we are purchasing from lives on her own her but the estate agent said he isn’t going to say to her about the possibility of her renting because he said it’s unfair because she is elderly although he said she is very switched on. And the people she is buying off are now saying they wouldn’t go into rented whilst looking for a new property. We are almost ready to exchange on our purchase and the people buying ours will also be ready to exchange as they have just had the last thing emailed to their solicitor. 

I hope it doesn’t all fall through but I got a feeling it might and we are sitting ducks waiting. 

Happy new year :

I've rented with children and pets, millions of people around the country do. 

Sorry but it's going to take a while if you won't split the chain, as the people at the top aren't flexible either (and I agree with the EA about the older lady).

charlotteo1988

Yes I agree clearly people rent with kids and dogs. Issue is we live in a small village where my son goes to school and we are moving to a even more rural area where there is one school and then the next school is almost 30 mins away and both areas don’t have any houses to rent that allow dogs. 

We will just sit tight and hope that everyone is ok to wait for the top of the chain. We’ve explained to our buyers and they are disappointed but are willing to wait for now ans the old lady also is happy to wait but if anything comes up that she loves she’s happy to look at that but fingers crossed the top of the chain find something soon. 

And no they didn’t offer 80k less. Lol fingers crossed third time lucky!! 

Don’t know why we having so much bad luck. Maybe I’m on santas naughty list cos I don’t think We will be getting a new house for Christmas 😂😂 

got to laugh otherwise your cry. 

rexmedorum

charlotteo1988 said:

KeepOnKnitting said:

Maybe you should pull out and find somewhere else? Sounds like your vendor isn't ready to sell. They may change their minds about going into rented and get a move on, but at least you will potentially make progress on another property.

It’s not my vendor it’s the one above her so sort of out of my control. I think it is a case of just having to sit and wait. 

Frustrating but hands are tied. Never mind.

So your vendor isn't ready, whether thet's their fault or not is neither here nor there. I'd start looking for another place to buy, but hold off on actually pulling out for now.