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UK diy (uk.d-i-y) For the discussion of all topics related to diy (do-it-yourself) in the UK. All levels of experience and proficency are welcome to join in to ask questions or offer solutions. |
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#1
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Long house selling chains
We're no. 7 in a chain of 9 buying / selling houses, and despite
months of nightmare emotional roller coaster it eventually looks as though exchange of contracts will happen tomorrow, with completion on the 29th. With so many in the chain it looks as though the funds won't work their way up the chain to us until (at least) late afternoon with the possiblity / probability of not being able to move into the new place that day. Anyone exprience in this area that they care to share, lessons to be learnt etc would be much appreciated. At the moment my contingency consists of a packed suitcase in the car and a list of local hotels ! AWEM |
#2
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Long house selling chains
"Andrew Mawson" wrote in message ... We're no. 7 in a chain of 9 buying / selling houses, and despite months of nightmare emotional roller coaster it eventually looks as though exchange of contracts will happen tomorrow, with completion on the 29th. With so many in the chain it looks as though the funds won't work their way up the chain to us until (at least) late afternoon with the possiblity / probability of not being able to move into the new place that day. Anyone exprience in this area that they care to share, lessons to be learnt etc would be much appreciated. At the moment my contingency consists of a packed suitcase in the car and a list of local hotels ! AWEM Exchange of Contracts has to be simultaneous but completion dates can be phased. For instance: You move into your new house on Monday and your buyers move into yours on a Tuesday. mark |
#3
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Long house selling chains
HI Andrew
On Thu, 4 Oct 2007 17:38:14 +0100, "Andrew Mawson" wrote: We're no. 7 in a chain of 9 buying / selling houses, and despite months of nightmare emotional roller coaster it eventually looks as though exchange of contracts will happen tomorrow, with completion on the 29th. You have my sympathy.... On our last move there were only 5 in the chain - and that was bad enough..... With so many in the chain it looks as though the funds won't work their way up the chain to us until (at least) late afternoon with the possiblity / probability of not being able to move into the new place that day. Anyone exprience in this area that they care to share, lessons to be learnt etc would be much appreciated. At the moment my contingency consists of a packed suitcase in the car and a list of local hotels ! We had a similar thing moving from the UK to Ireland. The money was transferred from our purchaser's solicitor to our solicitor and then on to out (Irish) vendor's solicitor. A couple of hours earlier, our family, dogs, caravan etc had set off for the Swansea ferry.... (trusting, or what ?) We arrived in Ireland the next day - and turned up at our new home about 11am. Had a quiet word with the vendor, and he allowed us into the house - just a well, as the removal truck had to unpack asap in order to catch the return ferry that evening. Our vendor eventually got his money from the solicitor 6 weeks later! - which is apparently quite normal in these circumstances... Anyway - my advice is to contact your Vendor and 'come to an arrangment'. Sounds like the whole chain is 'committed' anyway - even though the solicitors will advise that no keys change hands until everything is financially complete... but what the solicitors don't know about - they won't worry about.... Good luck ! Adrian |
#4
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Long house selling chains
"Andrew Mawson" wrote in message ... We're no. 7 in a chain of 9 buying / selling houses, and despite months of nightmare emotional roller coaster it eventually looks as though exchange of contracts will happen tomorrow, with completion on the 29th. There was me thinking it was going to be someone asking about selling one of these: http://www.nysm.nysed.gov/IroquoisVi...onghouselg.gif |
#5
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Long house selling chains
On Thu, 04 Oct 2007 19:12:17 +0100, Owain
wrote: Andrew Mawson wrote: At the moment my contingency consists of a packed suitcase in the car and a list of local hotels ! And hopefully the removal company agreeing to all your worldly goods sitting in their van overnight ... Someone I know moved recently with a removal company that uses shipping containers. They park the container outside your old house a few days before you move, so you can fill it, and then you have it at the new house for a few days afterwards to give you time to unpack it. Owain And if the house sale doesn't work right can you live in it for a while? http://www.treehugger.com/files/2005...ing_contai.php -- http://www.orderonlinepickupinstore.co.uk Ah fetch it yourself if you can't wait for delivery http://www.freedeliveryuk.co.uk Or get it delivered for free |
#6
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Long house selling chains
On Oct 4, 5:38 pm, "Andrew Mawson"
wrote: We're no. 7 in a chain of 9 buying / selling houses, and despite months of nightmare emotional roller coaster it eventually looks as though exchange of contracts will happen tomorrow, with completion on the 29th. With so many in the chain it looks as though the funds won't work their way up the chain to us until (at least) late afternoon with the possiblity / probability of not being able to move into the new place that day. Anyone exprience in this area that they care to share, lessons to be learnt etc would be much appreciated. At the moment my contingency consists of a packed suitcase in the car and a list of local hotels ! You might be able to have your removers store your stuff for a day or so at litrtle extra cost. You then spend a night or two in a hotel near the house and use the opportunity to give the house a really good clean and perhaps even redecorate it, replace carpets etc., before moving the stuff in. I woudl consider doing this even if it was forced on me. I Alternatively; sometimes people will let you move stuff into the garage before completion and before their stuff has left the house. Robert |
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