Can I join Please?
We accepted an asking price offer on ours within the week at the start of Jan. Then called our current lenders about Mortgages. DH is self employed and was told that with last years books we will be able to borrow less than our current mortgage due to now having 3 kids! Explained this to EA and said we would have to pull out and re-list our house around Easter once DH's earnings for this year have beed audited as we will have three years books plus DH has had a really good year this year so should be able to borrow what we want on that basis.
EA of course refused to accept this and encouraged us to look at house at the same level as our house which was ridiculous as we want a 4 bed and are selling a 3 bed and want to move into a more expensive area!
So we had a look at a house at their suggestion which was all wrong and i'd never have looked at it on my own accord. This is going to be our forever home so I want a very specific type of house. It has to be period, Victorian or Georgian as I want high ceilings character features, nice windows etc.
Move on to us finding a house but the vendor are really odd selling for family, no other offers accept ours at the price that they are looking for but don't accept it and decide to put the to auction later this year. But that's fine. We've moved on.
We find another house but we can't proceed with that unless family lend us the shortfall or we wait for this years accounts. Family initially say they will provide the shortfall and later retract their offer because they aren't keen on the house
despite it ticking nearly all our boxes with one or two small compromises.
So we are here our buyers have been waiting since the end of the first week of Jan we've filled in some paperwork. Our offer was accepted on the house we want at the end of the first week of Feb, I think searches have been started. But now we have told bot EA that we need to put sale and purchase on hold until mid March and we know DH's earning (which we should know by now but accountant is incompetent and we have been chasing him for two weeks) Surprise, surprise they aren't passing on this information to our vendor or buyer. Which is really shady as we don't want to mess anyone around, as we wouldn't want to be kept out of the loop if something similar was happening down the chain. In the end we just instructed our solicitor to contact our buyers solicitor directly to tell them our position and ask them if they are happy to put the sale on hold for 4 weeks. But are prepared for them to pull out if not as we aren't prepared to go into rented for the sake of waiting a month or two to complete.
So we are in limbo waiting to see what our buyers want to do. I don't think our vendors will mind the month delay as they are the end of the chain and have another property to move into. Plus there house was on the market for a while with no offers.