Buying a house as a bi-product of a divorce.
Discussion
I'd like some advice.
We've found a property that the wife and I really like. Right catchment area, right house type, all the modifications we'd have ended up doing anyway, the whole nine yards.
We viewed it twice late last year, viewed everything similar within a decent radius and established that this was THE ONE.
We made a cheeky offer, it got rejected, we made a more realistic offer, it got rejected, eventually, after more bartering we've ended up making an asking price offer.
You'd think that would be the deal all sorted.
But as I mentioned in the title, the property is a bi-product of a divorce...
Mr Vendor is happy with the offer and accepted almost immediately.
Mrs Vendor initially said I'll have to speak with my solicitor, fair enough...
2 weeks have since passed and still no acceptance of our asking price offer. The Estate Agent hasn't been able to reach her on landline or mobile.
I'm unaware of a court order in place to sell the property but I do know that the house has been on the market since Jul 10.
Basic mood we're sensing is that Mrs Vendor wants to hold onto the place for as long as possible (there are kids involved too). It would appear that the mental is strong in this one.
Should I dig in for a long hard slog of a transaction?
What methods/means are there available to 'make' her accept the asking price offer?
We don't want to becme a 3rd party in what is clearly a messy divorce, nor do we want to invest in a buildings survey if the deal could dissolve on the whim of a mentalist.
Your thoughts please....
We've found a property that the wife and I really like. Right catchment area, right house type, all the modifications we'd have ended up doing anyway, the whole nine yards.
We viewed it twice late last year, viewed everything similar within a decent radius and established that this was THE ONE.
We made a cheeky offer, it got rejected, we made a more realistic offer, it got rejected, eventually, after more bartering we've ended up making an asking price offer.
You'd think that would be the deal all sorted.
But as I mentioned in the title, the property is a bi-product of a divorce...
Mr Vendor is happy with the offer and accepted almost immediately.
Mrs Vendor initially said I'll have to speak with my solicitor, fair enough...
2 weeks have since passed and still no acceptance of our asking price offer. The Estate Agent hasn't been able to reach her on landline or mobile.
I'm unaware of a court order in place to sell the property but I do know that the house has been on the market since Jul 10.
Basic mood we're sensing is that Mrs Vendor wants to hold onto the place for as long as possible (there are kids involved too). It would appear that the mental is strong in this one.
Should I dig in for a long hard slog of a transaction?
What methods/means are there available to 'make' her accept the asking price offer?
We don't want to becme a 3rd party in what is clearly a messy divorce, nor do we want to invest in a buildings survey if the deal could dissolve on the whim of a mentalist.
Your thoughts please....
Stu 9-5 said:
Mrs Vendor initially said I'll have to speak with my solicitor, fair enough...
2 weeks have since passed and still no acceptance of our asking price offer. The Estate Agent hasn't been able to reach her on landline or mobile.
Do you have her solicitor's details? Or her address?2 weeks have since passed and still no acceptance of our asking price offer. The Estate Agent hasn't been able to reach her on landline or mobile.
It looks to me like she's buried her head in the sand and unless you can communicate with her you're on a hiding to nothing. Write to them both confirming the offer and telling her it drops by £x if you don't hear from her in a week. Unfortunately you have to be prepared to walk away.
We bought our house as a result of a relatively civilised divorce and that caused enough grief, mostly I suspect because they both had ideas about the sort of place they wanted to live in so they wanted as much money as possible.
Spudler said:
If I liked the house that much, I'd leave the offer in place but keep looking else where.
I bought my place as the result of a divorce. They had rented it out for at least a year & dropped the price twice with no interest before I saw it. I viewed twice put in a few cheeky offers [turned down], put in a final one [still below asking price] which was also turned down so just left them to it. The ex wife & new partner had to move back in to cover bills & mortgage as they wanted shot of each other enough not to rent it out again.
The estate agent came back grovelling about 3 weeks later asking if the offer was still on the table & they accepted a few days later. Then their faffing delayed exchange & completion by over a month costing them more money.
If you're not in any rush then leave them to it & just continue looking elsewhere, clearly they aren't inundated with interest.
Stu 9-5 said:
We made a cheeky offer, it got rejected, we made a more realistic offer, it got rejected, eventually, after more bartering we've ended up making an asking price offer.
Unless you were exchanging several tonnes of grain, or a bunch of camels, you didn't barter, you haggled or negotiated.Either wait or walk, up to you. There's a place down the road from us which was up for £2.4m at the height of the market 3.5yrs ago. It finally sold late last year for £835k.
They had offers at 2.2, 2.1, 1.8, 1.6, 1.3, 1.1, 1 and refused them all as they couldn't stop arguing with each other.
That, ladies and gentlemen, is the price of divorce.
ETA - it's now back on the market.... for 1.5, the buyers tarted it up and are now walking away (hopefully) laughing.
They had offers at 2.2, 2.1, 1.8, 1.6, 1.3, 1.1, 1 and refused them all as they couldn't stop arguing with each other.
That, ladies and gentlemen, is the price of divorce.
ETA - it's now back on the market.... for 1.5, the buyers tarted it up and are now walking away (hopefully) laughing.
Edited by RedLeicester on Tuesday 11th January 13:32
Don't waste your time or any money on it. We sank £2k in legal/search/inspection fees before a divorcing couple stitched us up 2 days before exchange and the bloke ended up staying in the house and moving his new girlfriend in.
I am sure he was just using us to stall for time for 6 months. Arse.
I am sure he was just using us to stall for time for 6 months. Arse.
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