Conveyancing - Bonus on timely completion?

[BERGS2]

Chaps - just want to sound you out about a thought i've had with regards our house sale.

background is thus:

1) Accepted offer 28th April
2) Wife due our first baby 31st July
3) Want to move into a rented place c. 20th June

Thus far estate agent has been vague about progress and just said that their policy is not to pass on buyers details to sellers.

There has (to my knowledge) been no survey booked as yet, but our buyer is a first time buyer & thus chain free.

Now - i'm just about to send our solicitor a mail requesting progress update and was wondering about offering a payment on results bonus on top of their fee.

TBH - with the missus in the state she is now, i'd gladly double or triple their fee if we can hit the timelines planned.....

any thoughts?

BERGS

[BERGS2]

JustinP1 said:

Is your house still on the market? If not, it should be.

still listed on the property sites - status as 'sold' though - had the agent change it as the buyer was apparently worries as when she came by showing her mates it still said 'for sale' (i took this as a positive buying signal)

JustinP1 said:

My advice would be to ask the estate agents directly exactly what the buyer's status is, when a survey will be carried out, is a mortgage accepted on principle etc to validate their offer. If nothing else it will put your mind at rest, or give you reason to keep the house on the market whilst they mess around.

I would also tell the estate agent straight about your time constraints and that you are looking to exchange contracts in weeks rather than months and ask if the buyer is ready and willing to do this.

thats a good call - thing is - if the sale falls through we're going to rent it out instead... may only get 80% of the ideal rental value, but its a nice house in a very convenient commuter location so if we wont struggle to let it....baby arrival necessitates this..

Can i do this? (i.e. put it up for rental) whilst the offer is progressing?