Spring house selling/buying support thread

[PyjamasForever]

After quite a lengthy time on the market I finally have an offer on my house and have had an offer accepted on a house I want to buy. I’m feeling a bit uncertain it will happen with the current financial situation and wondered if anyone else in a similar position wanted a thread for a bit of moral support?!

We’ve instructed solicitors, filled out our TA6 and TA10 forms, applied for a mortgage and have some documents to send them… I then find the next bit the hardest bit about buying and selling when you have all those uncertain weeks with searches/surveys etc and it could all fall apart at any minute!

@speckledpinkhen the lady on the floor below us has just sold her flat after having been on since October 😬 I felt really bad that we'd sold before her as we only put ours on in Feb but it is happening slowly for everyone!

Out of the 3 flats that were for sale in our complex, three have now sold (since October, my downstairs neighbour was the first to list hers) Have hope! Yours will sell too!!

After an anxious week, we have heard that our buyer is looking to complete mid June. Our solicitor is expecting exchange paperwork next week. I do hope so as we’re getting rid of some furniture, but don’t want to do it too early. If we have to go back on the market we don’t want the house to look empty.
Hope everyone can have a house stress free weekend.

Ours is chain free and freehold. 3 months and no exchange or completion date even mentioned in passing after the offer.

How can I find out if the buyer is proceedable for certain? Also at what point do you give up on the buyer and ask to go back on the market?

Your solicitor should be asking serious questions and get the answers from the buyers solicitor.
with no ongoing information I’d look at remarketing, especially if the survey has not been done.

Yes surveys done and dusted. Repairs done after building survey. One repair to a window was in the wrong room so we have said we will do the correct room once we have some dates set. The repairs was under £800 to fix minor niggles like eindow hinges and gutters. But it's just more pissing about to delay for another few weeks for a £50 window hinge my dh can swop out.

We are talking to the estate agents today. Do you think we need to go direct to the solicitors now?

We was expecting a request to drop price yesterday. But heard nothing so I honestly think it's a delay as they are struggling to get a mortgage.

Should we write to the solicitor to say we need proof they are procedable by the close of the week or we will re market it? Surely that's fair?

It's empty so insurance is on dodgy ground too

However, I'm not sure if the mortgage survey has been done good point

Just checked with the estate agent and they said the buyers had a mortgage offer in Feb. But we only excepted the offer mid Feb, so can you can get a mortgage offer in two weeks for a specific property or could this be a mortgage in principle? Surely the bank can't get a survey that fast - or can they?

Personally I’d be smelling a rat at this point. Over the years we’ve had some nasty trick played on us both as buyers and seller. I trust no one in the property game.
EAs are only in it for the money, sale number and getting the highest price, whist pretending to be your best friend.
I’d always talk directly to your solicitor, your paying for their expert advice.

can I join you in fretting? I'm in Scotland like PP. i ave had my offer accepted two weeks ago, and my house went on the market yesterday. I've just talked non stop at my first viewer, I'll need to calm down!

Yes I think so too. Estate agent said its very normal for a sale to take 3 months. But we are three months and no exchange date even mentioned yet.

My friend had a cash buyer for her house. Four months in he pulled out as couldn't get a mortgage!

Will be emailing the solicitor abd ccing the Estate agent this afternoon asking for proof of mortgage offer or going back on the market.

Nothing was said after a viewing early afternoon yet the estate agent was open for three hours afterwards and today. Estate agent thinks they didn't have time to give thoughts as it was late in the day. Unlikely

@DyslexicPoster our bank did a table top valuation rather than survey, so our mortgage offer was in <3 weeks after our offer was accepted.

You are very tolerant doing the repairs from the survey!! Surely someone wouldn’t delay exchange for a window hinge?!?