Buyer won't instruct solicitor or order a survey until my offer has been accepted

[InkedGreen]

What would you do? I'm not sure she is serious as had a 20 minute look at my place then offered a week later.

She said she wouldn't want to incur any costs while it was still on the market, now it's off the market I feel like the goalposts have been moved.

What do you think?

So just change to Under Offer as your EA suggests. If she walks, she walks.

Mildura - you're wrong - SSTC means the offer has been accepted and things like instructing solicitors and getting surveys done are under way.

Exactly sun.

sunshinesupermum

I can assure you I'm not!

In the day to day world of property sales 'under offer' and 'sold stc' mean the same thing.

I say this has someone who has worked for a large multi-national PLC firm and currently own my own estate agency.

www.onthemarket.com/content/can-you-make-an-offer-on-a-house-that-is-under-offer/

Put it back on the market then. They may well withdraw their offer. Is that what you want?

SSTC is understood to mean that a buyer has been found and a sale agreed. SSTC is meaningless really - in law a sale is only concluded once the consideration (cash, mortgage monies, shares, whatever) is paid. You can sign a contract, but you still don't have a concluded sale until the money's changed hands. It's just EA sales speak. Lots of EAs nowadays use Under Offer to signify a sale has been agreed.

I think if you keep behaving like this op you're never going to successfully sell.

She wants to make sure a chain is intact, possibly she's been bitten before, before she spends. I think this is fine. If you put it back on the market, I'd pull out if I was her.

Lots of EAs nowadays use Under Offer to signify a sale has been agreed

Almost all of them!

I don’t think you will be able to sell your house and complete on another by the end of January at this rate. Especially if you haven’t even found a house you want to offer in.

Sstc is meaningless, I wish they wouldn't use it.

If you do find a something to buy there is a very real risk but they won't accept your offer because you haven't sold your house.........

Sstc is meaningless, I wish they wouldn't use it

What alternative would you prefer?

When a property is described as being SSTC or under offer, it means the owners of that property have accepted an offer, but exchange has not taken place and (usually) marketing is no longer ongoing.

An overhaul of the entire system, to make it quicker and more efficient and easier to get 3 months rentals to enable people to sell chain free

@InkedGreen agreed.

In Scotland they just changed the letting law too. As the tenant you can exit your tenancy agreement at any given point with a months notice...

Honestly, I know Scotland you can pull out and it's offers offer etc but the system is so much better. Selling my flat there was an absolute dream and I ended up with £50k over market value.

All the issues shown from the offset and the seller pays for all the surveys etc. So none of this palava!

@InkedGreen

An overhaul of the entire system

Yep, can't disagree with you there!

However, I reckon a lot of the problems could be avoided with a few relatively simple changes.

Most of the sellers I deal with are terrifically unprepared, and there is a massive amount of time wasting at the start of the process once a price has been agreed.

Instructing a solicitor early on, getting preliminary forms filled out (TA6 & TA10), making sure all planning, building regs, Fensa, Gas safe documentation is available. Getting their own solicitor to check title to make sure no obvious issues that may need attention.

If every seller did that I reckon fall throughs would dramatically reduce and time period between accepting offer and exchange would halve.

Gosh I don't have any of that other than the gas Safe! No idea what fensa is!

Still my offer has finally been accepted and solicitors instructed and Ive taken it off the market.

So tricky as my house sells easily but had two buyers pull out so don't trust any of them.

Not everything will be relavant to you I suspect:

Fensa, an organisation that exists to regulate double glazing companies, and ensures compliance with building regs.

www.fensa.org.uk/

If your property hasn't been extended in the last 25/30 years, planning documents aren't really worth worrying about. (although occasionally solicitors will ask for docs further back than this)

If you've not made any structural alterations/removed walls/converted a garage/converted loft in the past 25/30 years then building regs are pretty much irrelevant too.

Essentially property conveyancing is one great long paper trail, the more paperwork you can provide the better. Deal with enquiries/requests for documentation quickly.

If they haven't instructed a solicitor, presumably your EA hasn't issued the memorandum of sale yet either?