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    House Sale put on Hold!

    We accepted an offer on our house 3 and a half weeks ago and got an offer accepted on a dream house. The purchasers seemed keen but today I have come home to a letter from their solicitors saying they wish to put the proceedings on hold for one week until they are back from holiday. Does this mean they have had second thoughts? Why don't they just say they don't want it if this is the case and then we can get on with marketing it in the hope we can keep the house we were trying to buy? is this normal? are they waiting to see if they get an offer on another house accepted? Why not just wait until then til telling us???

    Can this have a positive outcome do you think (although realise no-one actually knows but wonder if anyone has experienced similar?)

    15 Comments

    rather cheeky i would say! have they had a survey or anything?

    Not looking good im afraid...amazing how many stories people can come up with when buying and selling houses...probably gonna ask for a drop in price next...

    humm never heard that 1 before would be intresting to know the result though

    I am afraid something sounds amiss here, why actually write and tell you things are on hold. At this early stage it is a matter of waiting while the solicitors and lenders sort the paperwork and you wouldn't have realised they were away in any event.

    Hope it all works out for you.

    Original Poster

    fireheaven;3043586

    I am afraid something sounds amiss here, why actually write and tell you … I am afraid something sounds amiss here, why actually write and tell you things are on hold. At this early stage it is a matter of waiting while the solicitors and lenders sort the paperwork and you wouldn't have realised they were away in any event.Hope it all works out for you.



    Exactly our thoughts! The only positive thing I can think is maybe they are short of the arrangement fee for the mortgage or something like that?

    No, they haven't had their valuation done on ours yet (although are these not usually done by drive by on newish lower cost houses?) - although in fairness we haven't had ours carried out on the new house either as yet.

    Just wish they would let us know if it was a no. Actually, they said it was because they were on honeymoon until next Monday although I saw the guy on Saturday morning as they only live in the next road.

    fireheaven;3043586

    I am afraid something sounds amiss here, why actually write and tell you … I am afraid something sounds amiss here, why actually write and tell you things are on hold. At this early stage it is a matter of waiting while the solicitors and lenders sort the paperwork and you wouldn't have realised they were away in any event.Hope it all works out for you.



    yep i agree-it wouldnt have to be held would it as they arent needed?
    would get on to your solicitor and ask for him to find out whats happening-and keep your house on the market:thumbsup:

    fruityloops;3043643

    Exactly our thoughts! The only positive thing I can think is maybe they … Exactly our thoughts! The only positive thing I can think is maybe they are short of the arrangement fee for the mortgage or something like that?No, they haven't had their valuation done on ours yet (although are these not usually done by drive by on newish lower cost houses?) - although in fairness we haven't had ours carried out on the new house either as yet.Just wish they would let us know if it was a no. Actually, they said it was because they were on honeymoon until next Monday although I saw the guy on Saturday morning as they only live in the next road.



    as per original -they got a cheek-and i wouldnt be happy:x

    Supermod

    This is very much the norm. You wouldnt believe how many times I have had to relay this type of information to a client. Dont be disheartened or put off. Wait until the week is up and see what the situation is then.
    If property was as booming as it was 15 months ago you wouldnt be worrying as you are.
    Relax and be patient; as difficult as I know it is!

    Original Poster

    magicjay1986;3043674

    This is very much the norm. You wouldnt believe how many times I have had … This is very much the norm. You wouldnt believe how many times I have had to relay this type of information to a client. Dont be disheartened or put off. Wait until the week is up and see what the situation is then. If property was as booming as it was 15 months ago you wouldnt be worrying as you are. Relax and be patient; as difficult as I know it is!




    Oh, thanks so much for saying this, it's very reassuring as at least I know there's still a chance (although no guarantees).

    Supermod

    fruityloops;3043841

    Oh, thanks so much for saying this, it's very reassuring as at least I … Oh, thanks so much for saying this, it's very reassuring as at least I know there's still a chance (although no guarantees).



    Everything is subject to contract until you obviously exchange.
    Try and speak with the estate agent. The last thing an estate agent wants at the moment is to lose their fee if the sale/purchase doesnt go through!

    Original Poster

    Yes, will speak to all parties tomorrow.

    Supermod

    fruityloops;3044027

    Yes, will speak to all parties tomorrow.



    Best of luck.

    At least they are honest !! Going on holiday...... as they can easy say they are waiting for some paper work!!!

    jcaho7;3045268

    At least they are honest !! Going on holiday...... as they can easy say … At least they are honest !! Going on holiday...... as they can easy say they are waiting for some paper work!!!



    how are they honest of op has seen them in the street? and if it's just a week why say anything...

    Original Poster

    My solicitor thinks she would be more worried if we hadn't heard anything as it could hold up matters. She thinks they did it to put our minds at rest as they are away.

    Lets hope this is the case! thanks for all your replies - I will keep you updated!
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