This is my first house purchase. I think I allowed my stress and panic at being evicted to cloud my judgement? I've been foolish. I don't need a kicking though...
I currently rent a house. Landlord is selling it. My section 21 runs out mid April.
I managed to scrape together enough for a deposit to buy a small home of my own. House prices around here are very high so to be able to find one in my budget was a small miracle. I cannot rent anymore - not only because I can't deal with a LL ever again but if I do it will take everything I've saved. I think it's my only option though. I know that I am very fortunate to be able to private rent and save for a house deposit and people have it a lot tougher than me but I was so close to being free from renting.
From the beginning I was very up front with everyone involved that I was on a tight timeline, that I was being evicted and I wanted to move fast. I viewed the house the day after it went on the market and I put an offer in during the viewing. I explained the situation and I was told the seller was ready to move and was very motivated to get everything done quickly as well. The chain was me at the bottom, seller, and 1 more person. Seller accepted my offer the next day.
It's been 7 weeks and everything on my part was completed last week. I asked my (brilliant) solicitor if there was an update on seller's progress and she emailed me this morning that actually the seller has not found anywhere to live and is still looking but is taking the time to find the right house.
I'm going to have to pull out of the sale, aren't I? But this will mean I will lose all fees etc. that I've already paid? There's no way the seller is going to move within 4 weeks.
What happens when I pull out?
Would it be possible to try and put an offer in a definitely empty/chain free house and get it done quickly?
I've fucked up and I don't know what to do.