How long would you wait before considering pulling out of a sale?

jez9999

https://forums.moneysavingexpert.com/discussion/comment/82070259#Comment_82070259

The one outstanding on my house is that we're still waiting to get back info from the developer on why the local estate roads haven't yet been adopted by the council on the section 38 agreement. I wouldn't be surprised if the developer doesn't know and the council says "we're looking to do it in the near future." Might be able to just get the solicitor to go back on that one and say we can proceed without it.

RelievedSheff

https://forums.moneysavingexpert.com/discussion/comment/82070280#Comment_82070280

Do you have anything in the transfer from the original developer that is vaguely worded like this?

If you do it is a none issue and should not hold up the transaction.

We had to point out similar to our buyers solicitors and the "issue" went away.

jez9999

https://forums.moneysavingexpert.com/discussion/comment/82071167#Comment_82071167

Yes there is and I've already had a discussion with my solicitor about it. He's gonna enquire again but also be ready to go back to them and say it doesn't really matter because the developers have to maintain it anyway. Then again as that's a bog standard section 38 one wonders why they even enquired in the first place.

RelievedSheff

https://forums.moneysavingexpert.com/discussion/comment/82071416#Comment_82071416

Solicitors will look for any excuse possible to get an indemnity policy into the sale. They get commission on them.

We told them in no uncertain terms when our purchase was going through earlier this year that we would not be buying any policies.

Slinky

https://forums.moneysavingexpert.com/discussion/comment/82071435#Comment_82071435

That's interesting, my friend was telling me this morning how her mother's sale was being put in jeapardy by the purchasers' solicitors wanting £3k of the sale money to be held back citing indemnities for stuff like radon surveys and paperwork for patio doors installed 25 years ago. Turns out purchaser knew none of this was going on and was horrified when she found out, kicked their solicitor's backside and the sale is now moving on hopefully towards completion.

BungalowBel

If you pull out, then you will only have the same timescale on another sale. I would just be patient. Six months is not unusual.

Tabieth

I’d hang fire and chase your solicitor for progress. If you pull out of this sale, you lose the 4-months of progress and will start again from scratch.

RelievedSheff

Too many people expect instant gratification for everything these days.

Unfortunately for them buying and selling houses requires far more patience than they are used to having to display.

poseidon1

https://forums.moneysavingexpert.com/discussion/comment/82072513#Comment_82072513

Unless you live in Scotland where an 8 to 12 week turnaround from offer to completion is pretty normal.

England's poor 3 to 6 month turnaround ( if you're lucky), really does need addressing.

otb666

We wasted 10 months with a buyer that lost 2 buyers both on exchange week and have had to start again. Personally I think if a buyer is having difficulties completing sale on their house there is a reason and it does not have to become your problem and you should recognize this and move on. Wish we had done this sooner now. Its excruciating being fobbed off week after week.