Sellers onward purchase

Sister_Sister

Wow if 6 months is what is realistic then I may need to negotiate with the sellers myself as it will be after stamp duty goes up and means thousands extra for both me and my buyers.
It sounds awful but I’m annoyed at our sellers our offer was accepted in early October but the conveyancing process only started recently as they wouldn’t pay their solicitor anything on account and so their solicitor wouldn’t release the contract pack.
if they’d been more proactive we would have exchanged. 

Bigphil1474

6 months isn't realistic, it's possible. I dealt with my dads estate in 2022 and we got through probate in 6 weeks DIY. He had a straightforward will though. If it's a complicated estate it will be longer, if the executors are rubbish it will be longer, if they know what they are doing, it might be the same. If the vendor was in a care home for end of life care then the wheels may already be in motion. You need to be speaking to their EA at least and find out what's happening. Unless the beneficiaries are suddenly interested in keeping the house, I'd expect they'd be quite keen to keep you as a buyer.

KittenChops

Sister_Sister said:

Wow if 6 months is what is realistic then I may need to negotiate with the sellers myself as it will be after stamp duty goes up and means thousands extra for both me and my buyers.
It sounds awful but I’m annoyed at our sellers our offer was accepted in early October but the conveyancing process only started recently as they wouldn’t pay their solicitor anything on account and so their solicitor wouldn’t release the contract pack.
if they’d been more proactive we would have exchanged. 

I think you'd likely be in a worse position if you'd already exchanged but not completed

ETA - because then you'd be contractually obliged to complete on your sale, but unable to complete on your purchase

Hoenir

Remember that someone has just died. Be other matters that maybe receiving priority attention at the moment. 

mebu60

KittenChops said:

Sister_Sister said:

Wow if 6 months is what is realistic then I may need to negotiate with the sellers myself as it will be after stamp duty goes up and means thousands extra for both me and my buyers.
It sounds awful but I’m annoyed at our sellers our offer was accepted in early October but the conveyancing process only started recently as they wouldn’t pay their solicitor anything on account and so their solicitor wouldn’t release the contract pack.
if they’d been more proactive we would have exchanged. 

I think you'd likely be in a worse position if you'd already exchanged but not completed

ETA - because then you'd be contractually obliged to complete on your sale, but unable to complete on your purchase

Why would you not be able to complete the purchase? Surely it would progress in accordance with the contractual obligations and the money received would form part of the deceased's estate? 

HouseMartin567

It totally depends on the probate times in your area, but this exact same situation happened in my family. My grandfather went into a care home and a sale was agreed on his house. He died a month later, but before exchange. It delayed the sale by 8 months. Amazingly the two link chain below stayed in tact and they remained patient!

KittenChops

mebu60 said:

KittenChops said:

Sister_Sister said:

Wow if 6 months is what is realistic then I may need to negotiate with the sellers myself as it will be after stamp duty goes up and means thousands extra for both me and my buyers.
It sounds awful but I’m annoyed at our sellers our offer was accepted in early October but the conveyancing process only started recently as they wouldn’t pay their solicitor anything on account and so their solicitor wouldn’t release the contract pack.
if they’d been more proactive we would have exchanged. 

I think you'd likely be in a worse position if you'd already exchanged but not completed

ETA - because then you'd be contractually obliged to complete on your sale, but unable to complete on your purchase

Why would you not be able to complete the purchase? Surely it would progress in accordance with the contractual obligations and the money received would form part of the deceased's estate? 

There was a thread on here a few years back where the seller died after exchange but before completion - took about 18 month to sort if I recall correctly. Without probate, the executors don't have the authority to sell the property.