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8 weeks since accepted offer and buyer has yet to instruct their solicitor. How long do I wait?

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There is no chain on either side and the buyer is a cash buyer.  How long do I wait before I pull out from the sale?

Comments

  • 20122013
    20122013 Posts: 466 Forumite
    100 Posts First Anniversary Name Dropper
    Is there an estate agent involved?  and I usually go by what I know of the cash buyer (eg what their plan for the property).. My estate agent send both sides the details' of the solicitors within one week.  I will ask the agent about it and may carry on with viewings 
  • mebu60
    mebu60 Posts: 1,624 Forumite
    1,000 Posts Second Anniversary Photogenic Name Dropper
    Tell your EA to earn their commission and get things moving with the prospective purchaser by the middle of next week otherwise you want property relisted. You want details of buyer's conveyancer and who the cash buyer has instructed to undertake survey or confirm they are not having one.
  • m0bov
    m0bov Posts: 2,707 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I would have got it back on market already. In 8 weeks should have had survey, sol and be thinking about completion dates for a cash buyer.
  • user1977
    user1977 Posts: 17,823 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    7 weeks ago. 
  • Tabieth
    Tabieth Posts: 299 Forumite
    100 Posts Name Dropper Photogenic
    I wouldn’t pull out of the sale but I would tell the EA that, unless they get a wiggle on, I’d put it back on the market. It really should have moved quicker than this. 
  • 35har1old
    35har1old Posts: 1,921 Forumite
    1,000 Posts Second Anniversary Name Dropper
    Tabieth said:
    I wouldn’t pull out of the sale but I would tell the EA that, unless they get a wiggle on, I’d put it back on the market. It really should have moved quicker than this. 
    Has your EA asked for proof of funds?
    Once the solicitor gets involved may take another 8 weeks if lucky
    Solicitors never same to ask all the questions at the one time.
    Then your Solicitor may ask you for a answer and you will think is it not there job to find those answers from official sources 
  • Tabieth
    Tabieth Posts: 299 Forumite
    100 Posts Name Dropper Photogenic
    35har1old said:
    Tabieth said:
    I wouldn’t pull out of the sale but I would tell the EA that, unless they get a wiggle on, I’d put it back on the market. It really should have moved quicker than this. 
    Has your EA asked for proof of funds?
    Once the solicitor gets involved may take another 8 weeks if lucky
    Solicitors never same to ask all the questions at the one time.
    Then your Solicitor may ask you for a answer and you will think is it not there job to find those answers from official sources 
    It’s not me asking the question…
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