Delays with sellers solicitors
We are currently buying a property and we have just found out that there are 5 financial restrictions on this property. The sellers solicitors keep saying that they are waiting for redemption figures and there may be negative equity but have been saying this for over a month now and the sellers are living abroad. Our buyers are pushing to complete on our property as soon as possible. We have already paid for all the searches on the property we are buying. What do we do?
It depends on how mobile you are. Can you move somewhere so that you don’t lose your buyer? Could you offer to exchange with your buyer and ask them for a flexible completion date depending on your purchasers?
The main thing is COMMUNICATION. It sounds like there's not enough of that at present.
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