Hello
This is a bit of a saga but will try and keep it brief. We put our house on the market in November 2012 and accepted and offer and had an offer accepted in the same month. We currently live in a 3 bed house which has good bedrooms but small living space and offered on a 3 bed with similar bedrooms but much better downstairs space (though a bit of a rubbish garden).
It's now 6 months later and we still haven't exchanged. Our vendors had offered on a new build which turned out to be dodgy. They have now offered on another new build. 2 weeks ago we were told that they were willing to break the chain and move into somewhere (rented/holiday home/caravan - not sure which) but today they have said that they will exchange and complete when they exchange which is still some weeks away. Our mortgage offer will have expired by then and it is not guaranteed that we will get an extension.
Our buyers have also been a bit rubbish. They originally told us they were chain free but in December realised they had to sell their shared ownership flat first. This meant they weren't in a position to move until early April and perhaps explains why they have been so patient up until now.
I am just so fed up with the whole process but we have very few options. We can:
a. stick with it and hope no one pulls out and it all eventually goes through and we get a mortgage extension or go through another application
b. pull out of sale and look for something else and hope buyers stick around. Problem is there is very little in our price range locally - we seem to have found the last
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6 months on and still not exchanged - WWYD?
9 replies
AllBoxedUp · 22/05/2013 19:27
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