Contract Delay

flittle

Hi,
Six weeks ago, we agreed to buy a house in the Limerick area. The sellers solicitor has still not produced a contract. Would it be reasonable to pull out from this purchase and ask for our deposit back. This would be a reluctant step but we are beginning to feel uneasy about the delay.

Dades

Are the vendors perhaps buying another property, and stringing you along until they get theirs signed off?

Unless they can give you a valid reason for the delay, I don't see an issue with you at least giving them a deadline for them to produce a contract.

Also, as I confirmed recently to my detriment, deposits are a completely meaningless piece of paperwork that any buyer can get returned no matter what.

flittle

Hi,

Thanks for your reply.

No, there is no subsequent purchase it has been a holiday home which the seller no longer needs. We will take your advice and go up the deadline route.

D3PO

6 weeks to closure would be faster than average. I dont see there as being any "delay" here so far.

I think you need to relax a little on this seems your over anxious here.

flittle

Hi,

Thanks for your reply.

I am referring to the initial production of the contract where one pays the 10 per cent not the closure, sorry if I didn't make that clear.

mari2222

Get on to your solicitors. They can get the story from the vendor's solicitor.

Milk & Honey

It happened to me with my house. took about 10 weeks to get a contract. turned out to be a problem with the Family Home declaration. Sometimes deeds are in banks, paperwork is missing, people are on holidays etc. so it can take some time to get a contract. Sometimes a phone call to the EA that you will be coming in for the return of your deposit speeds things up.

flittle

Good morning,

Thank you everyone for your replies.

Happily our solicitor received the draft contract yesterday afternoon.