Selling my house but don’t want definitive closing date in contract

No question of that, they knew I was waiting on a new build that’s due to be ready sometime in the summer but no concrete date at the mo,
 
It seems that definitive closing dates are really wishful thinking on all sides. Sellers and purchasers who run into difficulties with the chain seem to be able to drag out the completion for weeks with the acquiescence of solicitors on both sides.
 
It seems that definitive closing dates are really wishful thinking on all sides. Sellers and purchasers who run into difficulties with the chain seem to be able to drag out the completion for weeks with the acquiescence of solicitors on both sides.
When a transaction is delayed, the industry-standard contract provides for a four- week notice before you can escalate. If consumer demand was predominantly for shorter notice periods, then the industry standard contract would reflect this demand.

Transaction fees are not very profitable for lawyers in ordinary residential sales. If consumer demand was predominantly for transactions to be litigated and enforced at shorter notice, with greater vigour (and at greater cost) the law industry would be more profitable. But if there were significant demand for this, it would already be reflected in the market.

Rigid deadlines and swift enforcement of property contracts would happen ( at a high cost) if there was market demand.

We already know that a dispute resolution process or service set up in a way that does not enable profitable lawyer participation ends up in an absolute mess. That is the PRTB.
 
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Indeed, but there is some resistance to issuing 28 day notices, allowing solicitors on either side to tolerate delays, a bit at a time, adding up to what is, ultimately, a significant delay. As you say, there is no money or appetite for litigating a completion in such a case. On one occasion, the solicitor for the purchaser may seek to delay on his client's behalf because of a genuine difficulty, next time he may extend the same accommodation to his colleague.
 
Other option is to sign a closing date with agreed rent to be paid to buyer after that date. So you close the deal on agreed date but don't give physical possession until you get the new home.
 
Other option is to sign a closing date with agreed rent to be paid to buyer after that date. So you close the deal on agreed date but don't give physical possession until you get the new home.
That's not so much a runner these days with the RTB and tenancies legislation.
 
Fair enough, but I guess it depends on how badly they want the house. If as the OP said they knew the situation why enter into the sale at all?
Well, it seems the vendor, or more likely the agent here has told the prospective purchasers that the sale will be ready tom complete mid-summer. All the purchasers and their solicitor are trying to do is put a date on that so it doesn't potentially drag on for years,

Would you be happy to pay thousands in a non-refundable deposit for something you might get in a month or two, or a year or two?
 
That's not so much a runner these days with the RTB and tenancies legislation.
Fair enough if it's packaged as rent. It could however be packaged as an agreeed rolling late penalty or similar.
 
Other option is to sign a closing date with agreed rent to be paid to buyer after that date. So you close the deal on agreed date but don't give physical possession until you get the new home.
There is no chance that a solicitor will allow their client to buy a house without vacant possession
 
Thanks all, we”ve agreed a date 3 months from now in the hope it’ll be earlier. Fingers crossed!
 
Nice for you to get that sorted, provided you have absolute confidence that your new place will be ready within the timeframe.

Good luck with it all - it can get stressful.