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Property/DIY

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Original poster

What would you do - Property purchase

14 replies

Unsuremumm · 17/04/2023 12:59

Hi all, had an offer accepted in a property over 8 months ago now, not my forever home but close to family, school etc. it works for now. There’s a large undeveloped area of land at the back of the house that could be built on, it’s currently for sale but hasn’t been touched for around 10 years since the houses were built - unsure as to why it hasn’t been developed, no issues with the land from searches etc but its niggling away at me in the back of my head. I am an over thinker so maybe it’s that, worst case scenario.. if a business moves on to there that is noisy evening and weekends etc. However my main issue is that the people who I am buying off haven’t found anywhere they like, and are not willing to move out until they find their dream home. I’m living with parents at the moment with a small DC, but it’s not ideal and I want out really.. my solicitor has everything they need and is ready to go now. I fear this could go on for months and months. I’ve made an appointment to view another house tomorrow, as much as I don’t want to mess my sellers around, I really don’t want to hang on forever. WWYD?

OP posts:

Dillydollydingdong · 17/04/2023 13:02

I'd give up on that one and start looking for another one. Realistically, this is never going to happen and even if it does, you could find a big new housing estate going up near you.

Sprig1 · 17/04/2023 13:02

Definitely keep looking and switch to another house if you find something you like. Who knows when the sellers of the first house might find an onwards purchase.

Dillydollydingdong · 17/04/2023 13:03

The sellers are messing you around, not vice versa.

Mischance · 17/04/2023 13:04

But the sellers are messing you around by putting their house on the market, accepting offers, and letting solicitor activity accumulate when they have no move plans.

I would get out there and start looking; or ask your solicitor to give them a deadline for the move, after which you will rescind your offer.

Original poster

Unsuremumm · 17/04/2023 13:10

Thank you all. I really appreciate it, I’ve been feeling guilty about making the new house viewing. Good idea re deadline @Mischance

OP posts:

sadafteemove · 17/04/2023 13:12

I could have written this myself. We waited ten months while living with my parents. Sellers made all the right noises about moving in with family or rented etc. never did.
We gave up and found somewhere else.
That was 18 months ago and they still haven’t moved! God knows how many buyers they’ve been through now…

crossstitchingnana · 17/04/2023 13:13

I got to this position with a house, empty lot next door, and found out planning permission had been sought, but declined. I was told they would eventually find a way and my house would be overlooked.

20 years on the plot is still empty but I could not handle the unknown. Didn't buy it.

KievLoverTwo · 17/04/2023 13:17

Good houses that are not hugely overpriced are really hard to find at the moment, so it could take them a very long time.

I would say to their agent: I am applying for a mortgage in a week and it will last for six months, I want to complete before it expires, and I don't have any wiggle room. I would give them a few days, a week to think about whether they are prepared to push themselves.

In the meantime, I would keep lining up viewings.

If the interest rate goes up once, twice between now and summer, which it's currently predicted to, they might find it even harder to find the perfect house, and you don't want to be waiting indefinitely.

Greenfairydust · 17/04/2023 13:30

8 months is ridiculous...

They are wasting your time.

I would tell them that you are giving them 2 weeks to confirm they have made an offer on something and that it has been accepted, or you will be moving on.

I am in the process of buying, mortgage arranged and having the structural survey done today. Then, I intend to have a serious chat with the agents this week because I am getting concerned the sellers/agents are being slow/uncommunicative too.

The mortgage is valid for six months and I fully expect them to be out before that. In fact I expect things to happen within 4 months and if they can't commit to that I will withdraw.

Original poster

Unsuremumm · 17/04/2023 13:31

@crossstitchingnana thank you, that’s it, the unknown. So relieved it’s not just me.

OP posts:

caringcarer · 17/04/2023 13:36

I'd have not waited more than 3-4 months. Anything more is taking the piss. I'd give them an ultimatum complete by X date or pull out of sale and find another house. The market is falling so a house you made an offer on 8 months ago would be a bit cheaper now.

Gymmum82 · 17/04/2023 13:40

I would tell the buyers they have until X date to complete, even if it means them moving in to rented or you will withdraw and they can find another buyer. 8 months is a joke they are messing you around. In the mean time find another house

Original poster

Unsuremumm · 17/04/2023 15:04

Thank you all! I’ve spoken with estate agent, they’ve said they will go back to the sellers with what I’ve said but think they are unlikely to budge, they say they’ve been pressurising them quite a bit already. I have however made a few more viewings for this week 😊

OP posts:

Greenfairydust · 17/04/2023 17:49

''@Unsuremumm · Today 15:04
Thank you all! I’ve spoken with estate agent, they’ve said they will go back to the sellers with what I’ve said but think they are unlikely to budge, they say they’ve been pressurising them quite a bit already. I have however made a few more viewings for this week 😊''

Then it is time to withdraw. They had 8 months and now they are simply taking the piss.

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