16 Jul

does anyone know about house buying politics?

Author: admin  |  Category: Staging a House

I’m just at the signing contract stage of buying a house, but the vendor has now – after 6 weeks, decided she wants to buy a house (she previously was planning on renting) & wants to tie it all in…meaning my move in date will be delayed. I’m living temporarily with a friend after giving up my rented accom & am trapped in a nightmare! Should I threaten to pull out? Though I don’t actually want to! Is there any way of hurrying her along? Would really appreciate some advice! Thanks

I am an agent and this does happen quite regularly. Legally there is nothing that you can do….The Vendor is reliant on your cash for her onward purchase tho, so technically you hold the cards. I would explain your position to the agent and make it clear that this was not the agreement and that you cannot wait a possible 2-3 months longer. You may have to threaten to pull out, but beware if the property is saleable and she knows this, she may call your bluff and try for a new flexible purchaser!

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5 Responses to “does anyone know about house buying politics?”

  1. paul_9_25 Says:
    July 16th, 2010 at 7:49 am

    mmm Ploitics…well I `er on the side of caution and dont vote in any of them.
    References :
    your VERY BEST source of advice is your Lawyer…… you might try the threat and stand back to see what reaction you might get. You`ll never know if you dont try…….

  2. colinnot Says:
    July 16th, 2010 at 8:36 am

    talk to her, if you have exchanged contrcts she must move out on agreed date
    References :

  3. puzzledfemale! Says:
    July 16th, 2010 at 9:04 am

    Don’t threaten to pull out as if you did it would benefit her more than you – it will give her more time to find a place and thus a new buyer and the pressure will be off whereas you will be back to square one. You are very far down the line. I’m sure the estate agent won’t be happy either. This happened to me. I put an offer in last July – didn’t exchange till this February! The difference was that I wasn’t moving in, my sister who was living at home was going to, so there was no rush. You need to give her a deadline, your lawyer can do that and the estate agent can also put on the pressure. If she gets you stuck into a chain then it can take months. Basically, tell her that to tie it all in is unacceptable and you want to proceed with the deal as it stands. Get your lawyer to do it.
    References :

  4. sarah c Says:
    July 16th, 2010 at 9:35 am

    You’re involved in a chain, the more people in the chain the more likely it is that something will go pear shaped.
    Everything that happens further up the chain affects you. Really, she should have decided all that before getting you involved in buying her house, she’s not being reasonable and what are you supposed to do if it takes her months to find her ideal house? It would be more reasonable of her to rent short term and buy from their.
    But this is what your solicitor is for; they should be dealing with her not you. They could try writing to her but the only lever you have is threatening to pull out; you don’t want to so that puts her in a strong position.
    You could try getting your solicitor to set a reasonable time on it because she’s putting you to inconveniance.
    References :

  5. Help if i can Says:
    July 16th, 2010 at 10:21 am

    I am an agent and this does happen quite regularly. Legally there is nothing that you can do….The Vendor is reliant on your cash for her onward purchase tho, so technically you hold the cards. I would explain your position to the agent and make it clear that this was not the agreement and that you cannot wait a possible 2-3 months longer. You may have to threaten to pull out, but beware if the property is saleable and she knows this, she may call your bluff and try for a new flexible purchaser!
    References :