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Bloody EA, Bloody Solicitors - How can I get my sale to completion quickly when they slow everything down???

2 replies

mummyof2munchkins · 03/09/2014 17:54

Sooo... after a very long story regarding a house I rented out because I couldn't sell it... Tennants who caused thousands in damage and failed to pay rent... finally getting the property back and spending a fortune to get it to a state it could be sold I have finally got a buyer and have acceped an offer 6 weeks ago.

The offer was roughly 10% below asking price and it will still leave me owing money due to a loan I had to take out to repair the property after the tennants left. I accepted it because I can't afford to carry on with 2 mortgages and on the basis that it would complete by the end of September.

So now we are at the 3rd Sept, my solicitor hasn't received anything back from the buyers solicitor and is saying its all unlikely to complete by end Sept. EA say this is all going a long normally, they have chased buyers solicitor who are waiting on search results. They are still optimistic for it completing in the next 3 weeks. If this goes on beyond 30/9 I have another mortgage payment, council tax etc.

In the meantime the other EA who are advertising the property have had an offer for £1k more than I've accepted and the EA fee is lower.

Can I speed this up??? Should I realistically consider this other offer or is it wrong or immorral - I'm not greedy just very out of pocket and in debt.

Any advice is much appreciated.

OP posts:
specialsubject · 03/09/2014 20:32

nothing to stop you going for the other offer - but there is always the risk that they will drop out and you'll be left with no buyers. And it will take longer.

searches take a time dependent on the council - so find out when they will be done and keep chasing.

hereandtherex · 04/09/2014 11:35

Talk to the 1st buyer. See if they are open to sharing some of the extra cost for you keeping their offer open.

I would not dump the 1st buyer for 1k only.

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