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What point do you issue an ultimatum on a house purchase?

123 replies

Purplecarrots123 · 04/01/2025 18:39

Apologies in advance as my patience is wearing thin and this is a long saga….we offered on a house in July. We have still not exchanged and the trail of events is below, at what point do we make an ultimatum…..

Offered 5k off of the asking price in July. Was accepted. In early August they came back asking for more claiming another offer at asking price had come in despite it being off the market. We offered a little over the asking price to secure but did tell them no more so if the other party came back with more then we were out as there was a limit to what we were prepared to pay above asking price. They accepted our offer, we do wander if there was another offer….

We were told they wanted to move in October half term 2024, suited us, we powered on with conveyancing as between august and October with a small chain it would be squeaky but if everyone cracked on doable. We were also told initially they were very motivated to move. The truth couldn’t be further from that given we are still trundling….

Their solicitor failed to reply to ours for weeks. We then found out they had offered on a property with a chain with probate at the top. No issues but it stretched the timelines which we said we understood and kept with it based on the probate application had already been b submitted and was underway.

We then find out the top of the chain has collapsed and our vendors agree to break the chain. Confirmed in writing to our solicitor by theirs and also in writing to us by the agent.

4-5 weeks later after a lack of progress on their part we are then told we are now back in a chain as they have found somewhere. Discovered by what was written on legal forms, so our solicitor took it up with theirs as we had not been updated by anyone. we said understood them wanting to not do rented but again we wanted to keep moving and asked for reassurance the chain was closed to allow all to proceed.

We then had them refuse to make any effort to try complete before Christmas and were told by their estate agent in October to not push and tell our solicitor to go slow and not put any pressure on theirs as they didn’t want to complete before Christmas as it was too “distressing” for them. Realistically I think we could have done and our solicitor said a pre Christmas completion was perfectly doable.

We have since been dealing with them dragging their heels, withholding forms, forms filled in incorrectly, refusing a viewing (I wanted to see it again when the fixtures form came through as they asked for money for stuff and I couldn’t remember July tbh!) delaying again by coming back post fixtures and fittings agreement asking for more money for stuff like a bog standard ding dong doorbell and if we don’t pay for it or buy them a new one to take with them they’ll take it with them, give me strength (it’s not a ring doorbell before anyone asks 🤣).

Its now January, almost 7 months since our first offer was accepted - our solicitor has done everything she needs to on the sale of our flat and purchase of this house. We have not exchanged and no date set for exchange or completion and out solicitor is continuously pushing the rest of the chain for dates. At what point might we push to say exchange or we back out? I’m so utterly tired of being messed around, I feel like we have been patient and accommodating but I worry timings may just drag on and I can see a world where we lose our buyer too.

OP posts:
martinisforeveryone · 04/01/2025 18:46

My patience would have worn out by now I think.

Is there a chance of you selling and renting so you break your chain and then review how you stand with the purchase?

everythingcrossed · 04/01/2025 18:51

Unfortunately, unless you're prepared to walk away, you have very little leverage. You could speak to their EA and ask if there is anything else on/coming on the market, this might motivate the EA to get them to act as s/he will not want to lose the commission. It's a bit less confrontational than a unenforceable ultimatum.

Purplecarrots123 · 04/01/2025 19:00

everythingcrossed · 04/01/2025 18:51

Unfortunately, unless you're prepared to walk away, you have very little leverage. You could speak to their EA and ask if there is anything else on/coming on the market, this might motivate the EA to get them to act as s/he will not want to lose the commission. It's a bit less confrontational than a unenforceable ultimatum.

So one thing with the same EA came on the market on Boxing Day. Plot twist it’s a house we offered on earlier in 2024 but they pulled out as they couldn’t find anywhere! Honestly you couldn’t make our saga up! Husband spoke to the EA who was an idiot about it and said we just had to wait for the chain we are in as it’ll complete eventually. Honestly I’m over this process…..

OP posts:
Purplecarrots123 · 04/01/2025 19:02

martinisforeveryone · 04/01/2025 18:46

My patience would have worn out by now I think.

Is there a chance of you selling and renting so you break your chain and then review how you stand with the purchase?

We did the numbers but ultimately the cash we release from selling our flat powers a decent portion of our deposit. So if we rent it will eat away at our deposit. Particularly as we aren’t sure how long we may need to rent for. It’s such a nightmare!

OP posts:
DPotter · 04/01/2025 19:04

I would say the time is now.

Go back to the estate agent and say - exchange by next Friday, completion 2 weeks on from then or the deals off. And just to keep things spicy ask them to arrange a couple of viewings. You do have to mean it of course. Why hasn't the estate agent been cracking the whip ?

After the Christmas break more properties will be coming on to the market. It might be worth just having a quick check to see if you can do better.

Taytoface · 04/01/2025 19:06

If you are going to pull out now is the time. There are more properties and more buyers around at this time. If you let it drag on you will miss the new year window. You have to say it and mean it

DPotter · 04/01/2025 19:09

Sorry - just seen your latest post.

So you have one of those estate agents...

Had one of those - God knows what they thought they did, but they did nothing other than give 'misleading information' shall we say. Took about 8 months to get nowhere. We ended up changing estate agents.

Chains have to be nursed, nurtured, stroked and generally kept alive. All sorts of things might happen if you leave things long enough, but you really don't want to be asking for another mortgage offer extension.

Time to draw a line

MissyGirlie · 04/01/2025 19:10

DPotter · 04/01/2025 19:04

I would say the time is now.

Go back to the estate agent and say - exchange by next Friday, completion 2 weeks on from then or the deals off. And just to keep things spicy ask them to arrange a couple of viewings. You do have to mean it of course. Why hasn't the estate agent been cracking the whip ?

After the Christmas break more properties will be coming on to the market. It might be worth just having a quick check to see if you can do better.

This.
They're taking the piss. Give them a deadline, arrange some viewings with various agents but make sure their agent knows all about it.

And be prepared to pull out and offer on another property.

I feel your pain - we have been mucked about big time in the past.

MojoMoon · 04/01/2025 19:12

How keen is your buyer to complete? Are they ready to exchange?

What's the market like for flats like the one you are selling in your area? Would you realistically be able to get another buyer at the same price rapidly in the event that your buyer pulls out?

If another house you like comes on the market and is chain free, you might be able to reassure your buyer that you can complete on a new property quicker than this existing purchase and so they may be tempted to hang on.

But if you break the chain without another low risk purchase immediately lined up, then I can easily see that your buyer walks away and that is understandable.They don't really care about your issues with your seller - to them, you are the seller dragging it out.

Why does renting eat away at your deposit? Just rent somewhere at the cost of the money you would spend on monthly mortgage repayments and leave the deposit in a bank account.
Rent somewhere small - it's only for six months. Doesn't need to be of the same standard you wish to buy.

jellycat · 04/01/2025 19:16

We were in a similar position 26 years ago (same time of year too-offered in July and it all came to a head just after Christmas). We ended up withdrawing our offer and looking for something else. Luckily we found a lovely house and we managed to exchange pretty quickly, before the chain up to us disintegrated.

The original vendors still live in the house we were trying to buy (it’s in the same town and I often drive past it - they have personalised number plates so I know they are still there). So I conclude that they weren’t serious about moving. I’m glad we gave up on them when we did.

What I’m saying is: there’s a reason they are messing you around, and it’s because for some reason they are not that keen to move. I’d take the initiative and start looking at other places if I were you.

Purplecarrots123 · 04/01/2025 19:16

DPotter · 04/01/2025 19:09

Sorry - just seen your latest post.

So you have one of those estate agents...

Had one of those - God knows what they thought they did, but they did nothing other than give 'misleading information' shall we say. Took about 8 months to get nowhere. We ended up changing estate agents.

Chains have to be nursed, nurtured, stroked and generally kept alive. All sorts of things might happen if you leave things long enough, but you really don't want to be asking for another mortgage offer extension.

Time to draw a line

This one is exactly the same. They have done their level best to get us to spend money I think to lock us in and take advantage of us being honest and then just constantly given a load of rubbish. This one thinks they are extra helpful when reality is they’ve caused more work and spend by having to have our solicitor decipher their misleading statements!

OP posts:
Purplecarrots123 · 04/01/2025 19:21

You have all given me the ammo I needed. After being asked for money for an ordinary doorbell or asked to replace it, that at the end of last week was the trigger point. I love the house but ultimately I don’t want us to be mucked around anymore and these sellers will have already caused us to spend a load of money which is essentially wasted if it does not complete.

I have also seen tonight one of the sellers being very active and vocal on the local Facebook group (we joined for due diligence on the area🤣) and I’m a bit like why would you care if you were moving and moving out of the area as we have been lead to believe! Surely your focus would be on other matters and it’s made me think they have no intention of moving quickly….

OP posts:
martinisforeveryone · 04/01/2025 19:21

'Why does renting eat away at your deposit? Just rent somewhere at the cost of the money you would spend on monthly mortgage repayments and leave the deposit in a bank account.
Rent somewhere small - it's only for six months. Doesn't need to be of the same standard you wish to buy.'

That's what we've done in the past.

I'd be getting the Agent on the phone, or even better face to face and correcting them that the chain will only complete eventually if you don't find something else and you're lining up viewings if they don't exchange by X date, probably by the end of the week.

Something has to drive this sale and purchase forwards and it obviously isn't going to be your vendors or their agent.

dumpydumpydumpdump · 04/01/2025 19:22

Now is the time. Exchange in ten days and complete by end of month or you are out. Stamp duty goes up in the spring I think so if you have to start again you'll have to move quick. Just push and then walk away if necessary. Fecking timewasters

cleo333 · 04/01/2025 19:24

Where is it snowing now ? Any pictures ?

crackfoxy · 04/01/2025 19:25

DPotter · 04/01/2025 19:04

I would say the time is now.

Go back to the estate agent and say - exchange by next Friday, completion 2 weeks on from then or the deals off. And just to keep things spicy ask them to arrange a couple of viewings. You do have to mean it of course. Why hasn't the estate agent been cracking the whip ?

After the Christmas break more properties will be coming on to the market. It might be worth just having a quick check to see if you can do better.

Just coming on to say this.

Cadburyscreamegg · 04/01/2025 19:35

Would the value of the house have changed whilst waiting? Could you be over paying now compared to last year's house prices?

NotThisOldChestnutAgain · 04/01/2025 19:35

They don't really want to move.
You need to have a hard think about whether you actually want to buy their property, if you do, give them an ultimatum now.
My son did this with their buyers, so not the house they were buying, their buyers were delaying and diddling around, asking lots of irrelevant questions, then blamed things on the EA, it went on for months, in the end my son said we exchange in a week or the deal is off, by magic they suddenly sprung into action and exchanged 3 days later.
So ultimatums can work but you have to be prepared to carry it through, or for them to actually decide to pull out themselves.

MaggieFS · 04/01/2025 19:39

Agree with pp, it doesn't sound like they want to move so the sooner you cut your losses, the better.

I would get on and arrange new viewings.

HellRazr · 05/01/2025 10:24

I half suspect they are pushing you to pull out, thus they avoid blame for the chain collapse. If it was me I would stick with it but come up with a plan B, such as move into rented or identify a chain free gaff in readiness. Good luck

PromoJoJo · 05/01/2025 12:20

This reply has been withdrawn

Withdrawn at the poster's request.

Purplecarrots123 · 06/01/2025 11:15

Thank you for your advice everyone...ultimatum issued this morning post talking to our solicitor to make sure it was fully doable - exchange no later than this Friday and complete on any date from 20 -31 Jan or we our walking away! Just to keep it spicy they know we have booked to see two other properties. We will follow through with the ultimatum......we lose a lot of money (surveys, legal work costs etc etc) if we do pull out given we are at a point we could exchange but we are going to have to write that off if the vendors simply won't move and say we dodged a bullet!

@HellRazr I think you are right they want us to make a move hence being difficult over doorbells and making life hard pre Christmas. Maybe their insurance kicks in and they can claim back the money they have spent if we pull out?

We looked at rental again but the cost of monthly rent, even for a smaller place, outweighs our mortgage payment and then with storage costs plus not knowing how long we may be in there we have decided its off the table....fully aware we could lose our buyer if this doesn't go through but in which case we have agreed to remarket, we are fortunate flats in our complex often sell/go under offer quickly. We think our buyer has stuck with us as they have a cracking deal and if we go back on the market, I am confident we could achieve a little more than we have based on what others have sold for recently (the flat next door to us completes today at +£10k on what ours is going for).

We will sit tight and see what happens now, the next 48 hours will be telling!

OP posts:
DPotter · 06/01/2025 11:21

Crossing my fingers for you!

ByQuaintAzureWasp · 06/01/2025 11:32

I'd have pulled put by now. Get looking at what else is on the market.

user1471538283 · 06/01/2025 13:00

I'd have pulled out long before now. I know it's gutted because you've lost money but I don't think they want to move so you'll lose money later.

If you rent maybe you could declutter so reduce storage costs or put your stuff into a friend's garage? With alot of rentals you can have a 6 month break clause.

I rented to break the chain to sell my last house. Whilst we stayed too long renting that place gave me some peace before I bought this house.