Vendor not responding

TripleH

I understand my mother has asked for 3 weeks between exchange and completion to find somewhere to rent.

Her buyer's buyer has tried to push for a smaller gap but I support my mother's view that from going on market she has always stated she needs time to find a rental.

dizzyduch

TripleH said:

I understand my mother has asked for 3 weeks between exchange and completion to find somewhere to rent.

Her buyer's buyer has tried to push for a smaller gap but I support my mother's view that from going on market she has always stated she needs time to find a rental.

I think 3 / 4 weeks is fair. I just worry that you if we exchange they will keeping extending completion 

Rosa_Damascena

This is tricky but if its any consolation the value of the property will have increased since you agreed a price in September?

Scotbot

dizzyduch said:

TripleH said:

I understand my mother has asked for 3 weeks between exchange and completion to find somewhere to rent.

Her buyer's buyer has tried to push for a smaller gap but I support my mother's view that from going on market she has always stated she needs time to find a rental.

I think 3 / 4 weeks is fair. I just worry that you if we exchange they will keeping extending completion 

They can't do that after exchange, they are legally contracted. They would lose a large amount of money

SallyCinnamon

Scotbot said:

dizzyduch said:

TripleH said:

I understand my mother has asked for 3 weeks between exchange and completion to find somewhere to rent.

Her buyer's buyer has tried to push for a smaller gap but I support my mother's view that from going on market she has always stated she needs time to find a rental.

I think 3 / 4 weeks is fair. I just worry that you if we exchange they will keeping extending completion 

They can't do that after exchange, they are legally contracted. They would lose a large amount of money

Yes - part of the exchange is completion date agreed by everyone in the chain. So you'll have a definite completion date when you exchange contracts. Hope that gives some peace of mind!

dizzyduch

Scotbot said:

dizzyduch said:

TripleH said:

I understand my mother has asked for 3 weeks between exchange and completion to find somewhere to rent.

Her buyer's buyer has tried to push for a smaller gap but I support my mother's view that from going on market she has always stated she needs time to find a rental.

I think 3 / 4 weeks is fair. I just worry that you if we exchange they will keeping extending completion 

They can't do that after exchange, they are legally contracted. They would lose a large amount of money

Oh, I thought they couldn’t keep asking to extend completion dates.
so, if they can’t extend once we settle on a mutually agreed date, then it would make sense to exchange asap and put in place a date

Scotbot

dizzyduch said:

Scotbot said:

dizzyduch said:

TripleH said:

I understand my mother has asked for 3 weeks between exchange and completion to find somewhere to rent.

Her buyer's buyer has tried to push for a smaller gap but I support my mother's view that from going on market she has always stated she needs time to find a rental.

I think 3 / 4 weeks is fair. I just worry that you if we exchange they will keeping extending completion 

They can't do that after exchange, they are legally contracted. They would lose a large amount of money

Oh, I thought they couldn’t keep asking to extend completion dates.
so, if they can’t extend once we settle on a mutually agreed date, then it would make sense to exchange asap and put in place a date

They can change dates right up to the point you exchange but once exchange has happened they are tied to whatever completion date is set. If it's 4 weeks it is 4 weeks or they lose their deposit and all the fees

dizzyduch

SallyCinnamon said:

Scotbot said:

dizzyduch said:

TripleH said:

I understand my mother has asked for 3 weeks between exchange and completion to find somewhere to rent.

Her buyer's buyer has tried to push for a smaller gap but I support my mother's view that from going on market she has always stated she needs time to find a rental.

I think 3 / 4 weeks is fair. I just worry that you if we exchange they will keeping extending completion 

They can't do that after exchange, they are legally contracted. They would lose a large amount of money

Yes - part of the exchange is completion date agreed by everyone in the chain. So you'll have a definite completion date when you exchange contracts. Hope that gives some peace of mind!

It does, thank you 😊 

badger09

dizzyduch said:

Scotbot said:

dizzyduch said:

TripleH said:

I understand my mother has asked for 3 weeks between exchange and completion to find somewhere to rent.

Her buyer's buyer has tried to push for a smaller gap but I support my mother's view that from going on market she has always stated she needs time to find a rental.

I think 3 / 4 weeks is fair. I just worry that you if we exchange they will keeping extending completion 

They can't do that after exchange, they are legally contracted. They would lose a large amount of money

Oh, I thought they couldn’t keep asking to extend completion dates.
so, if they can’t extend once we settle on a mutually agreed date, then it would make sense to exchange asap and put in place a date

Hence my earlier suggestion to exchange asap with completion (say) 4 weeks ahead. That should be a decent compromise.

dizzyduch

Sooo…vendors have said they can’t find anywhere to rent or buy! They have asked how long can they have to find a place to buy??!
We’re wondering if we should pull out now because this uncertainty could potentially carry on for months ?
Or do we exchange giving till end of April, that’s when our mortgage offer expires

Or do we just exchange without a date at all and continue to wait? (We love this house) 

Is there a risk they may ask for more money when we finally get to complete?

fed up now …