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How much control do you have over purchase timescales?

7 replies

Anotheradventureforme · 04/03/2023 18:53

I appreciate a lot of it is in the laps of the Gods (searches, solicitors, surveys etc) but if one party had a specific date in mind, can it be slowed/speeded up in any way or is everyone at the mercy of the process?

OP posts:
PragmaticWench · 04/03/2023 19:46

It hugely depends on how long the chain is, plus anything like mortgage issues/waiting for probate/serious survey issues cropping up.

GoingOnce · 04/03/2023 19:48

I am wondering the same. We’ve just had an offer accepted. Sellers are going to move into rented accommodation. They’ve said “summer holidays” - I want to know who decides if this is 1st July or 31st August!

Anotheradventureforme · 04/03/2023 19:49

Oh yes, I understand the things you can't control, but let's pretend (in some fantasy world) everything was going to go without a hitch - would you be able to say, can we leave it a couple of weeks because I'm working abroad until 'x' date, for example.

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Anotheradventureforme · 04/03/2023 19:49

@GoingOnce That's pretty much what I mean 😁

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Cupcakequeen75 · 04/03/2023 20:09

We were the other way.
SSTC and told our buyer we wanted 5-months between E&C, non- negotiable.
They agreed and the process plodded along at our timescale (this was the mad times of 2021).

IHaveaSetOfVeryParticularSkills · 04/03/2023 20:16

We just agreed to go with exchange asap and completion date on certain day in May.
Really depends. We are both no chain and it suits us both. But when I was buying I had pretty non negotiable deadline unfortunately

Asdf12345 · 04/03/2023 20:23

We delayed by a week and a bit to aid cash flow. We were six weeks from offer to keys but it could have been done in four to five.

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