The nervous wait to exchange....
- Thread starter noj
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We are in a frustrating position at the moment. We are in a very small chain. The buyers of our house currently don't have a chain and the house we are buying is also not in an ongoing chain. Simple you would think. All enquiries etc have been completed and the buyers of our house' solicitors recommended completion at the end of March back in February. Offers etc done start of January. We thought that was a little long but it would be fine, at that point we were not in a mega rush. Fast forward to now and we are still awaiting a completion date. Our solicitor has been trying to get in touch with the buyers solicitor (the buyers who we have contact with also doing the same) to find out they have gone on holiday and apologised for not letting anyone know. On their return they said they would have a completion date sorted and given to us on Thursday. Then on Thursday and Friday they went silent. Our buyers and our solicitor couldn't get in contact with the buyers solicitor. It is being escalated to the Senior Partners on Monday but it just stinks of incompetence.
Soldato
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Sounds a lot like our experience. Our solicitor (assigned by big conveyancing firm) was regularly OOO, or just didn't reply. The week of planned exchange, we got to the point of phoning the firm and saying we'd stay on the phone while they went and spoke to the agent. We literally had to accuse them of lying about the progress. We completed after 4pm on the Thursday before Easter weekend! Planned day was 2 days prior (not the original planned date either).
What's become a problem for us is we assumed (wrongly obviously
) that we would be in by now. The new house needs work doing to it so we have a builder on hand but he still doesn't have a start date. We pushed our kitchen back a month but that now has been delivered to the current house so I have to carefully move that along with everything else too. New sofa and chairs are due Friday as well which at the moment looks like it's coming to the current house too. Good job I have a garage!
Soldato
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Absolute nightmare! I have lived this haha. I am right now sat in a van collecting the last garage load of stuff from my in-laws.What's become a problem for us is we assumed (wrongly obviously
To load it into my own garage which is halfway converted. Big Tetris sessions in my near future
I am playing tetris for sure but unfortunately nothings disappearing when completing a lineAbsolute nightmare! I have lived this haha. I am right now sat in a van collecting the last garage load of stuff from my in-laws.
To load it into my own garage which is halfway converted. Big Tetris sessions in my near future
with delay had you had monies sitting in the solicitors account with them earning interest in the interim - was rather annoyed with my solicitor in this respect,
as I will be if they charge a £25 chaps transfer fee when like me sending money to them you can send smaller chunks <£250K for free.
[
obviously not Cambridgeshire prices, where buyers, too, are now weary of cowboy developers - Bovis ....
]
Seconds out, round 2.
We've put down a reservation fee on a completed new build, now waiting for our buyers to organize a survey, if they get hung up on 2% asbestos in the artex then
It will be interesting to see what (if anything) their survey picks up compared to the previous one, a lot will depend on what level of survey they go for.
We've put down a reservation fee on a completed new build, now waiting for our buyers to organize a survey, if they get hung up on 2% asbestos in the artex then
It will be interesting to see what (if anything) their survey picks up compared to the previous one, a lot will depend on what level of survey they go for.
then they are dumb
How much difference? Will they still lend you the money ?
If a surveyor visited (and provided they havent made a massive screw up) then they have probably saved you from a very silly decision??
It was a physical valuation so yes. Sadly, the vendors won't drop down, and we are not prepared to over pay either. They only purchased it brand new a year ago, spent 90k on internals and wanted an upgrade (celebrity couple).
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Another £30k.
Deleted User 298457
Deleted User 298457
Shame. Were the internal upgrades something you'd ever do/value?
After ripping out this 1930s, to pay what I've done pennies on the pound, now seems like a bargain
After ripping out this 1930s, to pay what I've done pennies on the pound, now seems like a bargain
We do really like the house, it’s in a great location too. But it still needs some non-urgent upgrades.
Not really. We’re talking about bespoke wardrobes in each bedroom, the 5th bedroom has been converted into a £17k bespoke walk-in dressing room - we’d prefer the actual bedroom to be useable as a bedroom and would have to remove most if not all the dressing roomShame. Were the internal upgrades something you'd ever do/value?
After ripping out this 1930s, to pay what I've done pennies on the pound, now seems like a bargain
£15k on window dressings, £6k timber paneling. Some of the colours are not to our liking either but that’s just paint.
That sucks... It sounds like they spent 90k on fancy stuff that doesn't translate directly into increasing the value of the house,but they expected 90k spent meant plus 90k value..
It doesn't often work like that unless you are very careful about what upgrades you are buying... No one is going to give a crap about expensive /trendy fixtures and fittings.
Edit.. Like said above... A bespoke walk in wardrobe will cost a boat load of cash but it's dead money as the incoming buyer might want to rip it all out to make better use of the space etc.
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