no chain - how long roughly

bandofbrothers

From my initial acceptance of offer to eventual fall thro of the sale as the buyer went off the radar it took my house off the market for 5 months.

I was amazed at the amount of time it can take for paperwork and background searches to occur.

I even handed all my side of the paperwork in by hand after work to my solicitor and EA to try and make it as smooth as possible.

Unfortunatley the buyer dragged their feet !

Hope it goes Ok for you.

pastmybest

goRt wrote: »

It has in my experience:
I've paid cash for repos, I've sold vacant houses to people with no chain, I've been part of a chain; always close to 13 weeks give or take.

The best I've done was a single day, but that was in Switzerland, so a different regime

So do you not think princessamy an estate agent may have more experience and therefor have a more valid reply? I do!

Kimmy79

Ours took 23 days from offer to completion (this Wednesday). I think that this is really fast though.

seabright

I always tell clients to assume it will take 2 months from offer to moving in. Longer if in a longer chain.

My record was 4 days from offer accepted to completion!

timmyt

My advice to clients is to get the agent to earn their money and negotiate the dates upfront where they can so the lawyers know what timescale they are working to.

If you are a FTB, then you may be in rented and refuse to pay rent and mortgage and so need to have a clear 1 month between exchnage and completion.

Otherwise, the most common delay to an exchange on your part will be your mortgage to be issued and your lawyers copy of the lenders instructions to land on their desk. Depends how far ahead you are, and how efficient your lender is, and how early you book a valuation.

On the sellers side, depends where they are going, and how quickly they can get out. Also depends how proactive their lawyer is. If it is a conveyancing factory, then good luck getting any speed, or decent responses if issues arise.

Again, depends how efficient your own lawyer is.

If you said it had to be done in 7 days, then fine, or 21 or 28 (like so many new builds). Lawyers work to client timescales.

You may be surprised to know that often lawyers are told to go slow by their clients, and due to confidentiality, they cannot divulge this, so they look like the bad guys. Tough, but there we go.

Good luck OP.

dander

It took me 3 months last time I bought a house - I'd already sold my flat and was living with my parents and the property I was buying was completely straightforward with no surprises and no chain and yet somehow it still took three months.

goRt

pastmybest wrote: »

So do you not think princessamy an estate agent may have more experience and therefor have a more valid reply? I do!

I'm stating my experience, if princessamy can confirm that 6-8 weeks is the average, I'll be dining on my hat tonight

pastmybest

timmyt wrote: »

You may be surprised to know that often lawyers are told to go slow by their clients, and due to confidentiality, they cannot divulge this, so they look like the bad guys. Tough, but there we go.

Having been on the receiving end of this I feel this puts the lawyers in the same boat as many put th EAs in. In my case it went on for seven weeks and eventually my sale fell apart.

Can you sleep at night knowing you are lying due to "confidentiality" - an utterly pathetic excuse for a supposed professional and don't know how you can sleep at night.

About time the law was changed to cut out this odious practice.

pastmybest

goRt wrote: »

I'm stating my experience, if princessamy can confirm that 6-8 weeks is the average, I'll be dining on my hat tonight

If that's the main what's for afters:D

missb123

No chain, mortgage agreed, hefty deposit. put offer in Sept 09, still waiting!!!! we had an issues with building warrants for the loft and now an ongoing boundary issue, hopefully your move will be smoother, think mine is an exception to the rule, but it can and does happen.
good luck