Hi lovely MNers, I really need some advice.
DP and I are upsizing. We are at exchange and our purchase just can't agree to exchange.
Background: they have to move to another county 200 miles away so are selling their home. It was on the market for 1 year with no interest as price too high. They lowered it twice before it got our interest and they accepted our offer which was the lower number of their guide price and also our maximum. This was November.
We have struggled with buyers due to our property (it's got issues!) and had two people drop out previously, so we have a buyer who is good to go and ready to exchange. We don't want to lose him.
The reason he won't agree to exchange is because he wants to get a good price quote for a removals van! Exchange came up a few days ago with us waiting for him (there's 3 of us in the chain) so he has until today until we are at the deadline for exchange. This is because our mortgage needs 6 working days to release the funds.
Our completion date is next week which he agreed to but he won't exchange.
He's told his estate agent to no longer contact him. All solicitors think his behaviour is weird.
FWIW this house isn't a bargain in any way, so we could easily find another house eventually in our budget in the same area with the same condition, we just really liked this one.
If we don't meet the completion date we lose our buyer which we can't risk.
So do we call their bluff and pull out?
We can't go to family, one set doesn't live near, my dad is terminally ill so is isolating. So we would probably put things in storage (we don't own much) and rent / air BNB.