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Seller likely to die in the next few days!

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  • Seller likely to die in the next few days!


    I have been assisting my elderly mother to buy a retirement flat. Due to maintenance issues (technically the responsibility of the managing agent) there has been a delay in our exchanging. All along, the seller's Power of Attorney has been putting pressure on us to exchange and complete at very short notice (ie 7 days to both exchange and complete). They have never given a reason for this.

    We are now being told that the seller (who is in a nursing home) is on his last legs, and that if the flat is not sold before he dies then it will go to probate, which presumably means a long delay before the sale can then take place.

    I don't want Mum to lose the flat because of a probate problem. If we go ahead and exchange, can anyone tell me what the implications would be if the seller died before the sale/purchase was completed?

    With many thanks, Rebrobin.

  • #2
    Re: Seller likely to die in the next few days!

    Hi Rebrobin ill get back to you asap on this one - ill field the question to my legal associate.


    • #3
      Re: Seller likely to die in the next few days!

      Don't be rushed into anything and take proper legal advice.
      (not off the internet!)
      Many retirment flats have a buy back clause and I expect they are trying to ensure they get the best price they can, while they can!
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