Crosswords1 min ago
House buying problem...
5 Answers
Im in the process of buying a new house. I have found a house I like and have applied for a mortgage and agreed to buy. I have now got to the stage where my solicitors have recieved contract documentation from the seller's solicitor. In respect of this my solicitor has sent me a report on the property I'm buying. I have studied the report and have noticed that there is a new busy road planned to be built that will run very close to the property which wasn't mentioned the vendor. As you can imagine im begining to have second thoughts about buying the property. What I want to know is can I change my mind about buying the house or have I got to the point of no return, bearing in mind that I do have someone who is currently in the process of buying the house I'm already living in? any advice and help would be gratefully recieved
Answers
Best Answer
No best answer has yet been selected by ~ vortex ~. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.You can change your mind right up until the point you exchange contracts. The buyers of your house probably won't be very impressed but that's life when buying a house. Chains frequently collapse in this way.
The same happens when Surveys etc are done - if anything is wrong with the property, you get the option to change your mind. I pulled out of a purchase when i received a survey saying that it was over valued and loads of work needed doing. I lost the �500 the survey had cost me but saved a heck of a lot in the long run!
The same happens when Surveys etc are done - if anything is wrong with the property, you get the option to change your mind. I pulled out of a purchase when i received a survey saying that it was over valued and loads of work needed doing. I lost the �500 the survey had cost me but saved a heck of a lot in the long run!
you are entitled to pull out at any time up until the contracts are exchanged. but if you are happy with the property why not try and negotiate a reduction in the price due to the sellers trying to cover the fact of the new road. might be worth a try. especially if thy thought they could get away with you not finding out!!! good luck...