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Speed up house purchases and stop time wasters and gazumping.

Submitted on Monday 15th August 2011

Published on Wednesday 17th August 2011

Current status: Closed

Closed: Friday 17th August 2012

Signatures: 9

Petition Action

Speed up house purchases and stop time wasters and gazumping.

Additional Information

Speed up the house buying process by making a time limit for each milestone. Make buyers obtain a survey & valuation report before making an offer. Make sellers have papers ready for buyers solicitors and give a maximum of 10 working days for these to be checked and enquires to be made.

Make it so that at no time during the 10 working days can the seller consider further offers. At any time during the 10 working days both parties can change their minds except in order to accept a another offer.

Once the buyer’s solicitor has inspected the titles & other papers, have a contractual letter containing further qualifications drawn up. If the terms are acceptable to the seller, make it so that at this point both parties are bound by the terms of the contract constituted by the offer.

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