Take a deep breath and relax, you've earned it. The pace slows
a little now as you wait for your legal team to do some tyre
kicking. For the next six weeks, sometimes less and sometimes
more, enquiries will be made about the property. Survey and
drainage will be examined, government departments will be written
to, heritage orders will be inspected and council checks will
be performed.
In other words, the work is (hopefully) out of your hands, but someone still
had to do it. A kind vendor may grant you additional time if you are having difficulty
meeting the agreed deadline but don't count on it. The chances are that the property
is also costing them money (through their own mortgage repayments or lost interest)
and they are under no obligation to give you more time.
This is the time when buyers (and vendors) get an attack of the jitters. Buyers
keep their fingers crossed that everything about the property will be fine and
run according to schedule and the vendor is praying that the sale goes ahead
and they can get their hands on some cold, hard cash.
A good way to pass the time (and raise your spirits) is to start assembling quotes
from removalists and renovators, preparing a list of people that will need to
be notified of your change of address and the like. You may also be granted access
to the property so that you can measure up curtains, white-goods and rugs, but
again, the vendor is well within their right to say 'no'.
There's not much left that can go wrong, but don't go ordering that customized
kitchen just yet - there's still one step left.
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