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What happens after I have agreed with a buyer?

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And done the things that needs to be done with the solicitors in regards to house selling...what happens next? Do I move out immediately or after a grace period?

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  • caeler
    caeler Posts: 2,605 Forumite
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    A time and date is associated with completion. This is when you must vacate. Your solicitor will agree this with you.
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
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    Their solicitor checks it's yours to sell and that the buyer has the funds available.
    Then you both sign contracts.
    Solicitors on both sides check everything's OK still and they exchange the contracts.
    At this point nobody can pull out and the "completion" date is set within the exchange document.
    You can then arrange to be moving out on/before the completion date.
    On the completion date, the buyer's solicitor transfers the money to your mortgage company.
    Once that's happened, the property is no longer yours, it's the buyer's.
    The buyer will then get a phone call to pick up the keys from a designated place (usually the estate agent the property was sold through).

    Often the key picking up time is about 1-2pm, so you'd ideally need to be moved out by then and have the keys at the designated spot.
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