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John Laird
 
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Default House buying process

On Thu, 4 Mar 2004 09:53:15 -0000, "Drew"
wrote:

First time buyer in Scotland, saw house, liked it, went rount to solicitor
and told him to put in offer which he did that day, closing date was set for
4 days from then as more people had been interested, got call from solicitor
on closing date to tell me offer had been accepted, next day went to
solicitors office and signed the neccesery forms, 5 days later sellers
signed their side of the paperwork, agreeing on a move in date of 4 weeks
from then, from that moment on the contract is signed ansd sealed so the
sellers cannot accept a bigger offer, basicly the deal was done within 10-14
days of me seeing the house.
Why is the English property selling system so open to abuse?
Why dont they change it?


The Scottish system is not perfect. Buyers generally have to pay for
surveys with no guarantee of clinching the sale. When chains cannot be
linked neatly, someone has to either bridge or move into temporary
accommodation. On the positive side, it is a breath of fresh air to buy a
house there and know with about 99% certainty that the accepted offer and
agreed date will stand. Vendors usually don't waste everyone's time and
effort putting houses on the market just to see if they get a nice offer and
then and only then actually think about looking themselves.

The English system makes lots of money for everyone involved in the
prevarication.

--
Where the heck is the ANY key?

Mail john rather than nospam...