My DD1 has just had the sale /purchase aborted. They put their home on the market in February and were due to move next week.
Unfortunately their vendor was a cash purchaser and so apparently delayed the survey on the property he was buying until a fortnight ago when everyone else in the chain was ready to exchange. He says there is too much work needed on the house he was buying so he is not selling any more.
DD has obviously incurred costs as well as the emotional highs and lows .. to say nothing of keeping a house clean and tidy for viewings with a 5 and 1 year old.
Why can't we set up a system where the seller has to prepare survey and searches BEFORE a house is marketed? Surveys and searches would be done by properly bonded and licensed surveyors/lawyers. This would reduce wrangling over prices and mean that once an offer is accepted the deal is under contract... similar to Scotland.
It is my suspicion that the chap selling thinks he can get more for his house in light of recent news that property prices are going up and has simply withdrawn at this late date so he can re-market in a month or two.
