Recently signed contracts for sale of my house and set closing date a month from now when my next property was supposed to be ready to close.
But developer has now advised a 3 week delay on snagging date which means I can’t vacate mine on date planned/agreed in contract.
I want to be upfront and look to revise closing date ASAP but agent has advised that I should wait until closer to current agreed closing date to notify buyers solicitor of delay in case buyer triggers their subject to mortgage clause and walk away. Which feels extreme to me over a few weeks delay and which I’d imagine happens regularly.
Plus this kind of underhandedness goes against my better nature but I don’t want to shoot myself in the foot either.
I’ve tried to find temporary rental accommodation to bridge the gap instead, but it’s nigh on impossible with pets and for such a short period either.
What’s the best option here to avoid the sale falling through? Should I do as agent advises? I have t said anything to my solicitor as yet.
But developer has now advised a 3 week delay on snagging date which means I can’t vacate mine on date planned/agreed in contract.
I want to be upfront and look to revise closing date ASAP but agent has advised that I should wait until closer to current agreed closing date to notify buyers solicitor of delay in case buyer triggers their subject to mortgage clause and walk away. Which feels extreme to me over a few weeks delay and which I’d imagine happens regularly.
Plus this kind of underhandedness goes against my better nature but I don’t want to shoot myself in the foot either.
I’ve tried to find temporary rental accommodation to bridge the gap instead, but it’s nigh on impossible with pets and for such a short period either.
What’s the best option here to avoid the sale falling through? Should I do as agent advises? I have t said anything to my solicitor as yet.
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