30 day sale of house deadline

(13 Posts)
Fratelli Mon 11-Apr-16 18:17:20

We're buying a house which a company is selling. They have given us 30 days to complete. We're first time buyers. Has anyone had experience of this? We're about ten days in and due to "go to offer" in about 4 days. I feel very anxious. If we don't complete by this time will they just sell it to someone else? It just feels as if everything is going slow.
Sorry not an aibu, posting for traffic.

specialsubject Mon 11-Apr-16 18:19:05

How long will the council take to do the searches?

Fratelli Mon 11-Apr-16 18:23:45

We've been told to allow ten working days!

SantasLittleMonkeyButler Mon 11-Apr-16 18:29:53

As to whether they will pull out if you can't complete within 30 days - I'd think it would depend on how far along the process you actually were by then.

For example, if your mortgage offer was finalised, searches done, contracts prepared etc. they would be mad to pull out & have to take time to find a new buyer and wait for all of those same processes to happen again for the new buyers.

Fratelli Mon 11-Apr-16 18:34:34

Thanks, we would just hate to get so far along for them to pull out! Dp thinks they would be mad to do so also but I feel like I'm kissing goodbye to the house already!

ManneryTowers Mon 11-Apr-16 18:36:34

It will be 30 days from receipt of contracts not from date of offer.
Check very carefully any reservation form you sign.
It's achievable but you need to find a solicitor quickly and call in to their office with your ID and money for searches asap. Be proactive and don't wait to be asked for things.
Also don't listen to estate agent waffle, they will just tell you what you want to hear. Call solicitor every other day if they haven't updated you in that time. Keep communicating with the Seller if you can.
It's a tight timescale but you can do it.
If it gets to 31 or 32 days and you are about to exchange with a quick completion date, no sensible Seller will pull the plug.
Good luck.

Fratelli Mon 11-Apr-16 18:40:09

Thank you. On the memorandum of sale it's 30 days from the offer! We've instructed a solicitor and sent off everything we need to for now. I've been calling every few days, I'm sure I'm annoying them!

Fratelli Mon 11-Apr-16 18:42:27

Ohh I've thought of an aibu! Wibu to have a glass of wine as I'm a little stressed?

Chchchchangeabout Mon 11-Apr-16 18:44:04

We had this but it wasn't actually bothered about in practice.

Fratelli Mon 11-Apr-16 18:48:18

Oh that's interesting. Maybe they say it to try and get you to speed up the process then sometimes

specialsubject Tue 12-Apr-16 10:18:24

you pay your solicitor. Call whenever you want.

they should also be experienced in this kind of thing and be able to keep it all on track.

grapejuicerocks Tue 12-Apr-16 10:36:35

I did it in 5 weeks but that was under no pressure from anyone. My conveyancer was a friend and dealt with everything the second it landed on her desk. I should think that if both parties are quick off the mark, it's doable.

They aren't going to pull out and have to start again for the sake of a few days though.

Oldraver Tue 12-Apr-16 10:47:34

30 days is quite short...we bought a new build and they wanted everything to go through in 6 weeks and it took 7 in the end due to a mixture of a search taking longer and their solicitors twatting around. At the same time moaning at us for not completing in 6...

My DH wanted to pull out as they were being arsey, but I bypassed our solicitor, went straight to theirs and told them to stop fucking about.. I warned them if we pulled out now they would have to remarket the house and it would be a minimum of 6 weeks before they got any money off anyone, or they could just wait the extra week and to sort out what was keeping them their end

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