I am not sure if I posted on an earlier thread....
Waiting to exchange. We went under offer on our house last August and found the house we are buying in November (we were at the point of having to decide whether to rent or lose our buyer but it all seemed to be working out) our sellers are buying an empty property (probate sale).
My buyer has been ready to exchange for ages and they are being extremely patient, our sellers have been cagey, as has their agent, about completion dates - only committing to "before the end of March".
I am a solicitor (not conveyancing now but I have worked in a conveyancing department before) and my friend at my firm is dealing with my sale and purchase so I am well in the loop.
My buyer asked for an indication of when we might exchange and was told by all the agents, this week. We are ready on our purchase.
The problem seems to be our sellers. They want to exchange now but with a completion date at the end of March because they have an agreement with their seller to enter the property between exchange and completion to decorate and put in a new kitchen and bathroom (they are serial renovator/ developers). My buyer refuses. They want a maximum of 2 weeks, which I understand and with Covid I don't want a huge gap either. My buyer's mortgage offer expires on 26th March.
So now it looks like we won't exchange until we can compromise - my sellers' agent has gone awol - I fear he has over promised.
Our sellers asked if we would go into an Airbnb for a few weeks and we said no, couldn't they? (Which is surely what you would do if you were going to gut somewhere?)
So we are now at stalemate with 5th March being touted for completion - tbh I would prefer a few days later if it means the DC will be back in school, not sure how we will move with them around and we don't have anyone who can help with childcare. Plus two removal companies have already said they are fully booked for the 5th March.
I knew it was all going too smoothly.