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    • Mary83
    • By Mary83 7th Oct 16, 12:47 PM
    • 16Posts
    • 0Thanks
    Mary83
    How long after the searches are back....
    • #1
    • 7th Oct 16, 12:47 PM
    How long after the searches are back.... 7th Oct 16 at 12:47 PM
    Hi

    We have just been told that the latest our searches will come back is 31st October. How long after then are we likely to complete and then exchange ( I know it is impossible to be exact, but just hoping for some sort of time scale)

    Many thanks
    Last edited by Mary83; 07-10-2016 at 12:52 PM.
Page 1
    • mattk_180
    • By mattk_180 7th Oct 16, 1:23 PM
    • 262 Posts
    • 212 Thanks
    mattk_180
    • #2
    • 7th Oct 16, 1:23 PM
    • #2
    • 7th Oct 16, 1:23 PM
    You exchange first and then complete.


    Could be days, could be weeks, could be months. People can tell you their timescales but almost none of them will be the same for you.


    How good are your solicitors? How good are theirs? How big is the chain? How motivated is the vendor to get the place sold?


    All depends on how quickly the paperwork is turned around and how many queries need to be dealt with.
    • G_M
    • By G_M 7th Oct 16, 1:30 PM
    • 37,028 Posts
    • 40,946 Thanks
    G_M
    • #3
    • 7th Oct 16, 1:30 PM
    • #3
    • 7th Oct 16, 1:30 PM
    Probobly between a week and 6 months.

    Without knowing what else needs doing, and what issues might arise along the way, it's impossible to be more exact than that.
    • Mary83
    • By Mary83 7th Oct 16, 2:03 PM
    • 16 Posts
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    Mary83
    • #4
    • 7th Oct 16, 2:03 PM
    • #4
    • 7th Oct 16, 2:03 PM
    Thank you.

    We are first time buyers and the house we a buying is not involved in a chain. I would think they want a quick sale as the property was an inheritance.
    • Phirefly
    • By Phirefly 7th Oct 16, 2:19 PM
    • 1,584 Posts
    • 1,925 Thanks
    Phirefly
    • #5
    • 7th Oct 16, 2:19 PM
    • #5
    • 7th Oct 16, 2:19 PM
    It honestly is impossible to say. The house we're selling took 30 days from offer accepted to completion when we bought it. I thought it was reasonable to assume it ought to be relatively straightforward this time now we're selling it.

    Ohhhhhh no. No no no. Our buyers searches came up with several issues on the environmental report which hadn't been evident when we bought it. And if they had, we'd have dismissed them, they really weren't that big a deal in context. But our inexperienced buyer has freaked out and panicked and commissioned a whole load of additional reports and surveys. Its taken ages. So even as a FTB, you might find your inexperience buying will be the thing that holds you up, conversely...
    • G_M
    • By G_M 7th Oct 16, 2:40 PM
    • 37,028 Posts
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    G_M
    • #6
    • 7th Oct 16, 2:40 PM
    • #6
    • 7th Oct 16, 2:40 PM
    Thank you.

    We are first time buyers and the house we a buying is not involved in a chain. I would think they want a quick sale as the property was an inheritance.
    Originally posted by Mary83
    We're currently selling an inheritance property. Not bothered about 'quick sale' - in fact my sister wants to slow it down so she can move in for 3 weeks while her own new kitchen is fitted......
    • Slinky
    • By Slinky 7th Oct 16, 2:49 PM
    • 3,812 Posts
    • 13,828 Thanks
    Slinky
    • #7
    • 7th Oct 16, 2:49 PM
    • #7
    • 7th Oct 16, 2:49 PM
    Has probate been granted?
    • Levs01
    • By Levs01 7th Oct 16, 3:12 PM
    • 224 Posts
    • 237 Thanks
    Levs01
    • #8
    • 7th Oct 16, 3:12 PM
    • #8
    • 7th Oct 16, 3:12 PM
    We're currently selling an inheritance property. Not bothered about 'quick sale' - in fact my sister wants to slow it down so she can move in for 3 weeks while her own new kitchen is fitted......
    Originally posted by G_M
    You're not my Vendor are you?

    We're all ready to go but the sister in our purchase is now dragging her feet to the end of the month.
    • AlexMac
    • By AlexMac 7th Oct 16, 3:34 PM
    • 1,657 Posts
    • 1,435 Thanks
    AlexMac
    • #9
    • 7th Oct 16, 3:34 PM
    • #9
    • 7th Oct 16, 3:34 PM
    I looked at my last three purchases, which all went fairly smoothly;
    -Estate Agent's Memo of sale; 4 Nov,
    -Solicitor's report to me on title (including searches and lease as it was a leasehold) 11 Jan,
    -Completion 2 Feb;
    so just under 2 months Offer to Completion

    the next one - also a leasehold was about 2-3 weeks longer
    -Estate Agent's Memo of sale; 3 June,
    -Searches in by late June
    -Solicitor's report to me on title (also incl the report on the lease) late July,
    -Completion 2 Feb;
    So about 13-14 weeks overall.

    The last one was almost 3 months, despite being a freehold which should be simpler as no lease was involved
    - -Estate Agent's Memo of sale; 3 June,
    - Searches in very fast - most by 9 June with the Local authority one in by 22 June
    But completion not til 1st Sept ( due to a bit of legal messing about and negotation with an overseas owner)

    But my solicitor's really fast and deals by email- which is why I have all these dates saved!
    • G_M
    • By G_M 7th Oct 16, 9:05 PM
    • 37,028 Posts
    • 40,946 Thanks
    G_M
    You're not my Vendor are you?

    We're all ready to go but the sister in our purchase is now dragging her feet to the end of the month.
    Originally posted by Levs01
    Might be!

    But no - we've not mentioned my sister's hope things will drag out.

    Haven't needed to as it's the buyers who are taking the time (switching mortgage company; switching solicitor....!!)

    I was just making the point that you can't assume a probate vendor will necessarily be in a hurry.
    • Levs01
    • By Levs01 7th Oct 16, 9:17 PM
    • 224 Posts
    • 237 Thanks
    Levs01
    Might be!

    But no - we've not mentioned my sister's hope things will drag out.

    Haven't needed to as it's the buyers who are taking the time (switching mortgage company; switching solicitor....!!)

    I was just making the point that you can't assume a probate vendor will necessarily be in a hurry.
    Originally posted by G_M
    No, you're definitely not my Vendor, but yes, our purchase is probate and despite them originally saying they would move as quickly as we wanted they are now turning round and saying no completion before the end of the month so you're spot on. Probate does not mean they will move any quicker, even if they say they will to start with.
    • hazyjo
    • By hazyjo 7th Oct 16, 10:28 PM
    • 8,230 Posts
    • 9,979 Thanks
    hazyjo
    Average 12 weeks to completion from acceptance of offer. Base it loosely on that

    Jx
    2016 wins: ESPA gift set; jumper; lip balm x 2; kitchen scales; perfume; shoes; theatre tickets; Champagne; books; After Eights; Diet Coke; Molton Brown duo; fish slice; travel set
    • Mary83
    • By Mary83 11th Oct 16, 3:03 PM
    • 16 Posts
    • 0 Thanks
    Mary83
    Has probate been granted?
    Originally posted by Slinky
    Yes it has thankfully
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