gaurav sekhri

Registered with Property118.com
Thursday 31st March 2016


Latest Comments

Total Number of Property118 Comments: 2

gaurav sekhri

19:56 PM, 31st March 2016
About 5 years ago

Stamp duty deadline missed due to vendor dragging feet

Reply to the comment left by "James Forbes" at "31/03/2016 - 18:54":

It's not so much agents but the seller - neither are obliged (legally) to honour your offer at any point with any deal up until exchange of contracts.

In saying this if your mortgage offer arrives next week or at a later date it's worth checking if the vendor wishes to proceed (provided paper work has not been withdrawn). You never know!... Read More

gaurav sekhri

18:12 PM, 31st March 2016
About 5 years ago

Stamp duty deadline missed due to vendor dragging feet

Hi Matt,

You could always try and renegotiate the deal once you're ready to exchange (not before). I understand the agent has said that the vendor will put it back on the market - (thats what he is paid to tell)

However put yourself in the vendors shoes, they have a property which they want to sell, you're offering them the money to buy it right away - they have 2 options;
a) Sell now and have the money in their pocket or
b) Wait for another buyer, without a mortgage offer or sense of urgency to buy it.

Also try and get the agent onside as he will not want to lose out on his commission, putting back on the market means more viewings, time spent and little extra money for the agency.

There is some risk for you, the vendor pulls out and you lose your money trying to buy the place - but it may be a risk worth taking.

I doubt complaining will get you very far as it seems there was also a delay on the vendors side with paperwork.

Good luck!... Read More