vendor wants to comlete on friday but move out on saturday!!!

virgin_moneysaver

polska1979 wrote:

The vendor rang me last night whilst i was in the gym, started kicking off saying that they had no where to go! I tried to explain the situation to him but he wasn't having none of it. I told him that he should contact the estate agent, we have exchanged contracts.

The estate agent calmed him down and he has agreed to be out on the friday for lunch time.

The whole experience of buying a first house has been quite enjoyable (so far) getting earache off the mrs is what is stressful!!!

thanks guys.

we moved a month ago - our buyer wanted to dispute the fixture & fittings list, told us porkies over the survey results and wouldn't show us a copy, & wanted to renege on the deal over a light fitting - they then went on holiday so the completion date was put back a fortnight & when they came back 3 days before we moved they rang to see if they could have another viewing to make sure they still liked the house! - at that point I put my foot down & said no.

Ian_W

Virgin_ms,
Totally Off Message BUT ...
Loved post 11 - rollin in the aisle!! :rotfl:
Particularly the bit about "Jordan's Jugs" :drool: WICKID!!

Couldn't resist asking, in view of your moniker -

Was it an immaculate conception? SOREEEE

GDB2222

Just for the record, I would check you have vacant possession before allowing your solicitor to hand over the money.

You cannot force the vendors to move out on time, but if they are late there is a procedure for serving a completion notice on them and they become liable for your additional costs. As most solicitors do not work on saturdays, the delay would actually be until Monday at the earliest. A right mess!

Norma_Desmond

:mad: WELL! What a NERVE! Excuse my French, but tell them to **** off-out-of-it! IMMEDIATELY!

bridiej

GDB2222 wrote:

Just for the record, I would check you have vacant possession before allowing your solicitor to hand over the money.

You cannot force the vendors to move out on time, but if they are late there is a procedure for serving a completion notice on them and they become liable for your additional costs. As most solicitors do not work on saturdays, the delay would actually be until Monday at the earliest. A right mess!

I agree with this...

Bossyboots

GDB2222 wrote:

Just for the record, I would check you have vacant possession before allowing your solicitor to hand over the money.

You cannot force the vendors to move out on time, but if they are late there is a procedure for serving a completion notice on them and they become liable for your additional costs. As most solicitors do not work on saturdays, the delay would actually be until Monday at the earliest. A right mess!

Unfortunately, you only become entitled to vacant possession on completion so if the money is not handed over, they don't have to move out. It is a Catch 22 in a way but the OP should make their solicitor aware of what has been said and ask them to write an urgent letter to the vendor's solicitor reminding them of their obligation to move out Friday.

The attitude of the vendor beggars belief really. They should have made sure they could get time off before agreeing the completion date.

Have I misunderstood though because the first post says they couldn't get time off work and then the OP says the bloke said they had nowhere to go. Two different stories it would seem. This should definitely be relayed to the OP's solicitor for them to deal with.

GDB2222

Bossyboots wrote:

Unfortunately, you only become entitled to vacant possession on completion so if the money is not handed over, they don't have to move out. It is a Catch 22

Not quite. You only become entitled to the property following completion, ie payment of the money. But you only need to make the payment once they have moved out.

In principle, you need to watch them load up the removal van, lock the front door and leave. In theory, given the opportunity for vendors to sneak back in again after they have received the money but before the purchaser has taken possession, it is amazing that the system works at all.

In practice, of course, people act sensibly and it all goes pretty smoothly. The vendor loads up and moves off, leaving the keys with the agent. The agent hands these over when informed by the seller's solicitor that the buyer has paid. It is a pretty safe bet that, if your vendor starts loading his furniture on Friday morning, he is going to move out on time.

Bossyboots

GDB2222 wrote:

Not quite. You only become entitled to the property following completion, ie payment of the money. But you only need to make the payment once they have moved out.

We were told not to move out until completion had taken place and so were our vendors.

While it normally goes smoothly, you do not have to move out until the money is paid. Up until that point, things can (and do) go wrong.

So we now envisage the position, Seller A wont move until they know the money is there and Buyer B wont pay the money until Seller A has left the premises.

If your buyer fails to complete, you have nowhere to go. I am sure most people would rather stay put until they know everthing is sorted than have to turn round and come back.

GDB2222

Bossyboots wrote:

We were told not to move out until completion had taken place and so were our vendors.

While it normally goes smoothly, you do not have to move out until the money is paid. Up until that point, things can (and do) go wrong.

So we now envisage the position, Seller A wont move until they know the money is there and Buyer B wont pay the money until Seller A has left the premises.

If your buyer fails to complete, you have nowhere to go. I am sure most people would rather stay put until they know everthing is sorted than have to turn round and come back.

I really don't see how you can expect to be paid whilst still in occupation. In practice, the cash is transferred to your solicitor, held to to your purchaser's order pending completion. Completion cannot take place until the property is vacant.

You can vacate your property at any time prior to completion. (There is nothing to stop me loading up my belongings and moving out of my house tomorrow, regardless of whether I have a buyer.) In practice, you would want to be fairly sure your buyer had the cash ready to complete before driving off in the removals van, but what would you do if your new home is the other side of the country? Hang around until the afternoon before driving off? You would just be making life hard for yourself.

I think you may be confusing vacating your property with handing it over to the buyers. That only happens after completion.

bridiej

Bossyboots wrote:

We were told not to move out until completion had taken place and so were our vendors.

While it normally goes smoothly, you do not have to move out until the money is paid. Up until that point, things can (and do) go wrong.

So we now envisage the position, Seller A wont move until they know the money is there and Buyer B wont pay the money until Seller A has left the premises.

If your buyer fails to complete, you have nowhere to go. I am sure most people would rather stay put until they know everthing is sorted than have to turn round and come back.

That's what I thought too.....