Have we upset the seller?

No41edwardianhouse

Flugelhorn said:

No41edwardianhouse said:

Flugelhorn said:

CasaCroft8 said:

No41edwardianhouse said:

hangryconsumer said:

Do you mean that the simple act of going to see another property may have upset the seller? Did you tell the estate agent who may have passed what you said onto the seller?

Yes we have told the estate agent that we are very disappointed! A few other choice words were used. It’s really upsetting that us and our buyer have thrown everything at this only to be told at the final hour that they now won’t break the chain.

we are worried because we did show our utter disappointment and frustration at the estate agent and our solicitor said to their solicitor that we needed an answer by the end of the day yesterday and that we can’t be messed around…

Estate agents hear all sorts and don't pass ALL of it to the other party. Don't worry

absolutely - definitely your strop won't have been passed on to the vendors other than to say "purchasers are getting concerned"  - lots of brinksmanship happens in house buying, I remember when there were some odd toings and froings back in 1991 that my sol was unavailable ... to everyone, not just to those causing some aggro , I think he was hiding under his desk with the last bits of paper and his secretary was fielding the chaos - all sorted i  24 hours and we exchanged but he was determined it wasn't going to happen until absolutely right 

It’s also about what our solicitor has said to the sellers solicitor. It went along the lines of “my clients may not continue with the purchase as they have been led to believe that you would break the chain. Please let us know by the end of the day”

Or words to that effect…

that also happens much of the time - often seen as a goading tactic, really don't worry - all it indicates is that you are still keen 

Still very much keen 

Flugelhorn

No41edwardianhouse said:

Snookie12cat said:

Honestly, I don't think most people just drop a buyer who is commited like you are because you might have annoyed them. I think getting your money is more important.. That being said, what is the plan for moving out now? Do they have a new property to buy?

They are now waiting to exchange on their onwards at the same time as exchanging with us. However, the people they are buying from have only just started their searches!!! 🤦🏻‍♂️🤦🏻‍♂️

then it is going to take a while. I am afraid it is one of those things, people say they will go into rented to encourage the buyers but in fact when it comes to it they find they don't want to - finding short term rental (<6/12) is very hard and it means moving furniture twice etc so they decide to just wait until the chain is ready to go. Can work if they are moving a long way for work etc as they have to go but not if it is a relatively local move

lookstraightahead

Op, terrible behaviour by your vendors. Personally (and I know I'm not you) I would walk. Morally they would have annoyed me too much. What I would do is sell to your buyer and rent yourself. Then at least you're half way there.

if you find it too difficult to rent, then maybe that's what your vendors are thinking, they maybe haven't got the confidence to do so.

can't wait for the market to settle, the general impression that anyone can upset a vendor when the buyer is the customer isn't the right way around.

No41edwardianhouse

lookstraightahead said:

Op, terrible behaviour by your vendors. Personally (and I know I'm not you) I would walk. Morally they would have annoyed me too much. What I would do is sell to your buyer and rent yourself. Then at least you're half way there.

if you find it too difficult to rent, then maybe that's what your vendors are thinking, they maybe haven't got the confidence to do so.

can't wait for the market to settle, the general impression that anyone can upset a vendor when the buyer is the customer isn't the right way around.

Totally agree. The market is terrible.

we can’t go into rented because we’ve got a little lad who came to live with us as his forever family last year. He’s been through enough, knows about the move and the reason we were so delighted with the break of chain and fast move was because it would cut down on the uncertainty for him. Now we are left with uncertainty. 

We would walk BUT it’s literally the perfect house and nothing on the market at the moment. 

Tiglet2

No41edwardianhouse said:

Snookie12cat said:

Honestly, I don't think most people just drop a buyer who is commited like you are because you might have annoyed them. I think getting your money is more important.. That being said, what is the plan for moving out now? Do they have a new property to buy?

They are now waiting to exchange on their onwards at the same time as exchanging with us. However, the people they are buying from have only just started their searches!!! 🤦🏻‍♂️🤦🏻‍♂️

The good news is that you and your vendor appear to be ready to exchange.  However, if all the parties in the transaction need to complete on the same day, then the people who have just started searches need to catch up with the rest of you.  Until then, no exchange can take place.

If everyone is committed to this chain, then there is nothing you can do or say to speed it up, other than pull out and start again with a different property (and chain).  Frustrating as it is, you will forget it all once you are in your new home.

Edited to add, that until exchange takes place, anyone in the chain can change their mind, pull out or decide not to move.  While that's disappointing for everyone who has spent money and time, it happens all the time.  At least all the people in your chain seem committed, even if staying with family is no longer an option.  

No41edwardianhouse

Tiglet2 said:

No41edwardianhouse said:

Snookie12cat said:

Honestly, I don't think most people just drop a buyer who is commited like you are because you might have annoyed them. I think getting your money is more important.. That being said, what is the plan for moving out now? Do they have a new property to buy?

They are now waiting to exchange on their onwards at the same time as exchanging with us. However, the people they are buying from have only just started their searches!!! 🤦🏻‍♂️🤦🏻‍♂️

The good news is that you and your vendor appear to be ready to exchange.  However, if all the parties in the transaction need to complete on the same day, then the people who have just started searches need to catch up with the rest of you.  Until then, no exchange can take place.

If everyone is committed to this chain, then there is nothing you can do or say to speed it up, other than pull out and start again with a different property (and chain).  Frustrating as it is, you will forget it all once you are in your new home.

Very very true. Yes, our buyer and us are ready! 

Our seller has said they need to exchange on the same day but not necessarily complete on the same day! 

We will see…

EA is saying 4 weeks till exchange BUT I am quite sure it may be longer than that. 

Tiglet2

Honestly, the EA won't know.  Their role is to sell the property, which they have done.  Sales progression thereafter is merely phone calls up and down the chain to try and ascertain who has done what and when.  But as they are not a party to any of the legal work, they really have no idea how long it will take.

Exchange can only take place once a completion date has been agreed.  Completion is the day everyone moves out of their current property, so if the completion dates are different, then someone will be moving out but not going to their new home, so will need to store their furniture and stay somewhere else until they complete.

No41edwardianhouse

Tiglet2 said:

Honestly, the EA won't know.  Their role is to sell the property, which they have done.  Sales progression thereafter is merely phone calls up and down the chain to try and ascertain who has done what and when.  But as they are not a party to any of the legal work, they really have no idea how long it will take.

Exchange can only take place once a completion date has been agreed.  Completion is the day everyone moves out of their current property, so if the completion dates are different, then someone will be moving out but not going to their new home, so will need to store their furniture and stay somewhere else until they complete.

Of course. We’ve bought and sold 4 times. This is our 5th and thee most stressful. Our seller has agreed to have a different completion date but needs an exchange at the same time as his onwards. Protecting his interests. 

What about our interests??!?!? Hence the utter frustration! 

Wish we lived in Scotland 

Flugelhorn

I am not sure that anyone in a chain can fret about others interests - you can only worry about your own. I tried once to help our vendors - we got survey results just before Xmas in 2004 ( the couple had been badly let down days before exchange previously) - we called the agent to say that we were happy about the survey and had no concerns (victorian house, it is what it is) and all was going ahead and could they let the vendors know? Did they 'eck - stressed vendors got no news from EA until after New Year 

Glover1862

lookstraightahead said:

Op, terrible behaviour by your vendors. Personally (and I know I'm not you) I would walk. Morally they would have annoyed me too much. What I would do is sell to your buyer and rent yourself. Then at least you're half way there.

if you find it too difficult to rent, then maybe that's what your vendors are thinking, they maybe haven't got the confidence to do so.

can't wait for the market to settle, the general impression that anyone can upset a vendor when the buyer is the customer isn't the right way around.

Sorry,  but poor advice, and what for, a few weeks delay?  When you know stock is problem, mortgage rates increasing, already paid for surveys, solicitors and a good chance you’ll get a worse house. If you move into rented, the costs are high and you’re out of the market, you’ll be panicking if a few weeks pass and you can’t find anything or prices creep up, your vendor will be thinking the same, it’s just not worth the risk just to placate you. Wait, it will work out, what happens if the vendors sell and their ongoing purchases falls through or the same thing happens on your next purchase.