In other words, has the seller returned a signed counterpart of the contract to your solicitor?
It turns he not yet signed the contracts.
The auctioneer says she is not going to handle the sale.
Apologies, I missed that in your OP.No, the seller had not returned the contracts. They were to be signed with the closing documents yesterday.
He told the auctioneer to re list it for €50,000 more. The auctioneer says she is not going to handle the sale. He doesn't appear to need to sell or need the money (house is unoccupied) so there is no guarantee he will ever close.
I just felt I ended up in the worst possible scenario. Its not the end of the world I know and I'll get over it! It might just take a few days.
So now its down to the business of returning the mortgage and figuring out the cost of repaying a 5 year fixed rate early. Hopefully they will be kind and my application will still stand or at least will give me approval again. Nothing has changed in my circumstances but I did need an exemption on the 3.5 income multiplier (for that particular house at least. Anyway we'll return this one first and then figure out next steps.
Thanks all.
Fair play to the auctioneer. I had a chat with an auctioneer recently who told me about a house gone sale agreed for €900k and then someone else came in later and offered €950k. I challenged the auctioneer on the ethics of this and they said that in law, he had to convey the bid. I told him that was correct, but he should have advised the seller not to accept it. I may as well have been speaking a different language.
Brendan
The auctioneer/ estate agent works for the vendor, not the purchaser.
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