I hope someone out there can help. We have sold our house to a buyer who is in rented accommodation. We are looking to move to another part of the country, so we have decided to rent whilst we look around.
The solicitor dealing with the sale has advised us not to outlay deposit or rent in advance on a rented property until we have exchanged and the buyer's deposit is paid. That makes sense to me.
Letting agents we are talking to are telling us we should allow 4-5 weeks to find a new property, do all the contracts and so forth and move in.
I have spoken to our estate agent twice about asking the buyer to allow us 4-5 weeks between exchange of contracts and completion. However, the agent is saying that he has never heard of that long between the two and clearly does not want to talk to our buyer to put our request to her. Our agent just keeps saying we should look for temporary lets until we can get into something more permanent. Only problem is we are moving to Devon so all temporary lets are already let for the holidays.
I have also been told today, that our buyer's solicitor is likely to have advised her that she should not give notice on her rented place until contracts have exchanged - again for the obvious reasons. And that she will be required to give one month's notice. So, it's possible that 4-5 weeks between will suit her too.
It seems to me that she won't give us time to find somewhere to rent, we will have to look for somewhere to buy which will either add 8-10 weeks for legal stuff if we can find a no chain property or add a lot longer if we enter into buying a property that is in a chain.
Please help - we don't want to lose our buyer or mess her about. I am truly at my wits end!
Sally1723
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Help! Who decides on time between exchange and completion?
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Sally1723 · 01/07/2015 17:55
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