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is this normal practice for a part exchange property

2 replies

deembee · 31/07/2007 15:18

We are buying a property that someone has part exchanged to a builder and have been waiting for a completion date for 8 weeks now. They guaranteed us it would be over and done with by end of July. Don't have any contact with the builders, only with the people that own the house and the estate agent selling it for the builders. Our solicitor has told us this is standard practice for them to make us wait and then they will let their buyer know when her property is ready and everything will move really quickly. Well its now end of July and still no date and am living with a house all packed up and no contact. Have rang Solicitors every day for past week and contacted estate agent who is selling the house and they are all trying to chase it up but no joy yet. Has anyone else had experience of this and when they say they will want everyone to move really quickly how quick do they mean. Cannot get these questions answered by anyone and just want to wring someones neck at the moment. A packed up house, four kids and working as a childminder during school hols is killing me. Can anyone out there tell me if this is normal

Cheers.

OP posts:
MrsPuddleduck · 31/07/2007 15:53

I suspect that the problem is that until the new house is ready to be moved into , the people selling the part exchange house can't move out as they have nowhere to go.

Standard practice when buying a new house is that you exchange contracts and completion is on ten working days' notice from the builder that the property is ready to be moved into.

Do you know the building site - if so try phoning the sales office as they will know the date on which the house will be ready ( or should do)

Bascially the builder calls all the shots and this is perfectly normal.

Moving house is stressful and the uncertainty of the chain makes it even worse. Hope you get there in the end!

LIZS · 31/07/2007 15:56

afaik completion dates for new builds are not easily fixed , dependnat on the phase being completed (for infrastructure , utilities etc), sign off by buildings regs, progress of sales and specific works being completed to deadlines. Could be that the wether has put it behind plus holida=ys now but the buidlers solicitors/ EA's should be able to give you some idea. Are you also selling yours, have you exchanged ?

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