The house is our dream house. I have no idea how I'll get through the next few weeks while we try to pull this off.
It was on the market for 6 weeks before we had our offer accepted. As far as I know, there was only ever one other interested party, and they made a fairly low offer.
The vendor has agreed to proceed if we eliminate our chain (we have our current home up for sale), and we can exchange in 4 weeks and complete 2 weeks after that!
He has put this in writing to our solicitor though we haven't agreed to this in a legally binding way.
Vendor must be under some sort of financial pressure though I am not sure why because they bought a new house without selling the one we're buying. In fact it has been empty for over a year!
We are bridging our deposit as our house hasn't sold yet. This removes the chain. Once we have evidence of this (and therefore our deposit), we can go ahead with mortgage applications.
I'm just unable to sleep or think about anything else at the moment. I can't see us exchanging in 4 weeks. 6 maybe, but not 4. Surveys and underwriting take time - 2 or 3 weeks, sometimes longer.
Does anyone have any advice on how to speed up the process? We have already asked for our searches to be carried out for example.
Do you think we'll get the house, or (my worst fear), could someone swoop in and buy it from under our feet?
Lots of local estate agents have asked where we're buying too - I haven't told anyone. Why would they want to know? If people know we're trying to buy this house does that increase chances of being gazumped?