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Buyer not instructing solicitors

8 replies

Worried2987 · 21/08/2019 12:54

Hello
I am selling and buying a house. I accepted an offer 2 weeks ago but buyer has not instructed solicitors yet. He has talked about getting the house surveyed.
I'm worried that he is going to survey the house and then nitpick on the price offered.
For context the people selling to me are buying a new build and want to exchange in roughly 28 days
I've hassled the estate agent but they say they've chased and they're just waiting for my buyer to respond.

I'm just getting a bit frustrated as I'm desperate to go. I know something will come up in the survey but if i have to drop the price by a lot I will need to renegotiate my mortgage offer on the house I'm buying.
Just feeling a bit stressed that it all might fall through. Am going for a walk to have a breathe while I wait for an update from estate agent.

OP posts:
Caselgarcia · 21/08/2019 12:58

I had this, accepted an offer then nothing from buyer for 2 weeks. Estate agent couldn't get hold of him so I had to put it back on the market. The time waster didn't even have the decency to say why he wasn't proceeding with the sale. I suggest you put it back on the market.

mammabella1 · 21/08/2019 15:09

Maybe ask the estate to get the buyer to confirm the date of the survey that they have talked about getting. We got ours done in a matter of days but didn't proceed with anything else until it was back in case, as you say in your post, there were issues that needed further investigation.

If the estate agent can't get a response from the buyer, I'd relist your house and instruct the EA to vet the viewers and offers a little more closely. Also 28 days from offer to exchange is (correct me if I'm wrong) nigh on impossible and optimistic at best! Best of luck with it all.

Worried2987 · 21/08/2019 16:56

As suspected buyer is messing around and now claiming there is a drop in the market. So He's either pulling out or dropping his offer. So am back to marketing the property again. Grrrr!

OP posts:
wowfudge · 21/08/2019 19:00

It's pretty much standard practice to keep marketing until the buyer's survey has been carried out.

DreamingofSunshine · 22/08/2019 06:06

@wowfudge really? When we made an offer (and it was accepted) we said it was conditional on no further viewings taking place.

@Worried2987 that's rubbish, but at least now you know and can remarket it rather than waiting for the call?

Another saying 28 days is very optimistic. We have exchanged in our chain, our vendors are buying a new build and the developer kept pressing for a silly deadline which didn't even allow all the searches to take place.

Worried2987 · 22/08/2019 07:03

Thank you. I'm hoping it will still be achievable or that there is some amazing buyer out there to make an offer this weekend.
Seems the people I'm buying from have sold via the building company so they've done a sales pack with all the searches included!
This is why hate moving but due to relationship split I have to Sad
Will just have to grin and bear it!

OP posts:
wowfudge · 22/08/2019 07:09

@DreamingofSunshine - yes. The EAs may not book any viewings but they leave the ad up on RM as a back up. It doesn't take long to get to the point of a mortgage valuation survey if a buyer is serious.

PurBal · 22/08/2019 07:12

There is no reason to change the price you've accept over some niggles on the survey. It's not a bargaining tool. If it looks like there is a £400k job then maybe I'd knock something off, but probably the buyer would just pull out.

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