Hello There,
Everything was smooth so far, there is one hickup now. Both of us(ourself and vendors)in the month of february agreed to close on 24th of March which was last month. As vendors are moving into their new home, they wanted us to alter the closing date by one month that is 24th of April. I was totally hopeful to get the keys yesterday, but I received a call from my solicitor asking when I want to close?
I clearly explained the situation that my current lease is getting over on 27th of this month and I have to close today or latest by tomorrow. I had been to his office and he says that he will have a chat with vendors solicitor and get back to me today. He thinks that even Friday may not be possible and may push the closing to next week.
He says that Vendors has not completed the Survey so bank is delaying th cheque issue. I dont know what type of house they are moving into(new or second hand)?
Initially we paid 5k booking deposit and later upon signing contracts we paid another 15k(they were happy with less than 10% deposit). I have heard some horror stories that vendors pull back the sale if we keep them under preassure them to close the sale?
Are they leagally bound? Can they pull back anytime they want? Am i in a bad shape? Is this normal?
Please advise. And sincere apologies with all the questtions.
REgards,
Pint6
Everything was smooth so far, there is one hickup now. Both of us(ourself and vendors)in the month of february agreed to close on 24th of March which was last month. As vendors are moving into their new home, they wanted us to alter the closing date by one month that is 24th of April. I was totally hopeful to get the keys yesterday, but I received a call from my solicitor asking when I want to close?
I clearly explained the situation that my current lease is getting over on 27th of this month and I have to close today or latest by tomorrow. I had been to his office and he says that he will have a chat with vendors solicitor and get back to me today. He thinks that even Friday may not be possible and may push the closing to next week.
He says that Vendors has not completed the Survey so bank is delaying th cheque issue. I dont know what type of house they are moving into(new or second hand)?
Initially we paid 5k booking deposit and later upon signing contracts we paid another 15k(they were happy with less than 10% deposit). I have heard some horror stories that vendors pull back the sale if we keep them under preassure them to close the sale?
Are they leagally bound? Can they pull back anytime they want? Am i in a bad shape? Is this normal?
Please advise. And sincere apologies with all the questtions.
REgards,
Pint6