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  • lilyann1
    • #2
    • 21st Jun 06, 4:21 PM
    • #2
    • 21st Jun 06, 4:21 PM
    Fingers crossed we're exchanging this week or next too.
    We're in a chain of 5 and the one at the top has asked for 4 weeks til completion,so that's what we seem to have to agree .
    Most people I know who have moved recently have had 3 or 4 weeks between,some choose two,depends on the people involved and the length of the chain I think.You need to speak to your solicitor to see if anyone has asked for a certain length of time.
    • AndrewSmith
    • By AndrewSmith 21st Jun 06, 4:32 PM
    • 2,830 Posts
    • 2,238 Thanks
    AndrewSmith
    • #3
    • 21st Jun 06, 4:32 PM
    • #3
    • 21st Jun 06, 4:32 PM
    The average is 1 week.
  • beckstrous
    • #4
    • 22nd Jun 06, 10:39 AM
    • #4
    • 22nd Jun 06, 10:39 AM
    Ours was 7 weeks but only because it was mutually convenient.
    • Tassotti
    • By Tassotti 22nd Jun 06, 11:17 AM
    • 1,446 Posts
    • 611 Thanks
    Tassotti
    • #5
    • 22nd Jun 06, 11:17 AM
    • #5
    • 22nd Jun 06, 11:17 AM
    On exchange, you should set a time for completion. Take control
    • Madmel
    • By Madmel 22nd Jun 06, 1:39 PM
    • 595 Posts
    • 1,156 Thanks
    Madmel
    • #6
    • 22nd Jun 06, 1:39 PM
    • #6
    • 22nd Jun 06, 1:39 PM
    We exchanged mid-May but have set a completion date for 1st September, because it's mutually convenient. I honestly don't think it matters as long as you state it when you exchange as a PP has already said.
  • nickinoo
    • #7
    • 22nd Jun 06, 1:43 PM
    • #7
    • 22nd Jun 06, 1:43 PM
    We exchanged 3 weeks ago & hopefully will complete in 4 weeks time if our new build is ready in time. Our buyers insist that by the very latest we are out within 9 weeks (12 weeks from exchange). We were happy to agree with this as they are a cash buyer who paid over the asking price & they are also in rented accomodation.
    • NickMidgley
    • By NickMidgley 22nd Jun 06, 1:49 PM
    • 1,179 Posts
    • 516 Thanks
    NickMidgley
    • #8
    • 22nd Jun 06, 1:49 PM
    • #8
    • 22nd Jun 06, 1:49 PM
    It varies between "several months" and "same day", although between a few days and a couple of weeks is probably the norm. You really need to get it agreed before you exchange, though.
  • Robert Sterling
    • #9
    • 22nd Jun 06, 4:00 PM
    • #9
    • 22nd Jun 06, 4:00 PM
    The average is 1 week.
    by AndrewSmith
    What is the evidence that supports this assertion?
    • AndrewSmith
    • By AndrewSmith 22nd Jun 06, 4:08 PM
    • 2,830 Posts
    • 2,238 Thanks
    AndrewSmith
    What is the evidence that supports this assertion?
    by Robert Sterling
    Dealing with an average of approximately 10-12 completions a month for the last 12 years, until recently when these numbers have increased due to business expansion.

    I think that gives a broad enough experience for me to be able to make such a statement. As such, a breakdown of approximate percentages :

    80% exchange to completion = 1 week
    10% exchange and completion simultaniously (FTB with 100% finance)
    10% exchange with an openended completion date (new build)
    Last edited by AndrewSmith; 22-06-2006 at 4:13 PM.
  • Robert Sterling
    OK

    I thought it was usually a month.
    I have not got any evidence to support that though.
    • kit
    • By kit 22nd Jun 06, 10:58 PM
    • 1,627 Posts
    • 2,122 Thanks
    kit
    I agree that the average is 1 week.

    Mine is about to exchange and the vendors asked for 4 weeks - we said no (due to being in rented and our notice running out!) so we have settled on 2 weeks.
    2012 wins approx £11,000 including 5k to spend on a holiday
    • silvercar
    • By silvercar 23rd Jun 06, 8:44 AM
    • 33,719 Posts
    • 140,702 Thanks
    silvercar
    three previous house purchases: 4 weeks, 3 weeks, 7 weeks. Now looking at 2 weeks!
  • Jorgan
    The norm, in my 14 years as an agent, is between 1-2 weeks. If a new build is involved then it could be anything upto a year, some even longer. Persoanly I wouldn't want more than 2 weeks between exchange & completion.
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