Complete in 7 weeks realistic?

oldskoo1

Our house is 14 years old, so new-ish house with no issues, the house we are buying is also only 8 years old.

Our buyer has sold their house in Scotland, the chain is already mature and has a completion date of the 21st August. So it's just our sale and purchase to concentrate on.

We have already had our mortgage offer, so has our buyer. We have also both instructed solicitors and next week our surveys should be completed. The solicitors information pack has been sent too.

Do you think completion in just under 7 weeks is possible?

Any tips to keep on top of it?


Thanks,

ruggedtoast

Tips?

Hope for the best and prepare for the worst, and remember the best laid plans of mice and men...

hotpot1000

would be great if you are in contact with the buyer and between you, see how it's progressing incase you have really slack EA or solicitors. Or we would have been waiting longer than 10 weeks it's taken us -no mortgages involved either

me and my vendor have been ready to move for 2 wks but held up by his EA/sol not even informing his vendor that we are ready.
It's been a nightmare, our move thurs was cancelled on weds, so by thurs I said i would withdraw if we dont move monday, which is happening now.
just make sure everyone knows the date incase there isnt anyone joining it all up between you.
there are only 2 houses in our chain and my solicitor had not been told about my vendors next house purchase being related until the day before I was due to sign so you cannot rely on the 'professionals'

a friend of mine bought a repossession in 2 weeks, so it can be done

theGrinch

its very possible. its the solicitors that are key here. if you can get two that can work together, maybe one solicitor can recommend another (Im even sure you can have two within the same firm), then 7 weeks is plenty.

even two different firms should do it but you both (buyer and vendor) must keep at them especially with the summer holidays fast advancing.

robatwork

Have you had a full mortgage offer or just agreement in principle or approval?

If it's the offer then there's no reason you can't complete in that period....but don't put your house on it. Oh, hang on.....

Ivana_Tinkle

It's completely do-able but, as others have said, you can't depend on it. We've been "a week away" from exchange for three weeks now because one thing after another keeps coming up.

camptownraces

It's not the best time of year in all honesty.

Solicitors, and their clerks and secretaries, have one or two weeks holiday, like the rest of us, and you've only got to have a hiccup which is not dealt with for two weeks, or worse one which also involves someone higher or lower in the chain, and the process stalls.

Keep your fingers crossed, and hope that, if going away, they all put your file with a colleague to deal with.

jetblack61

We're in the process of buying and there's no chain (we're in rented; seller is going to rented). We put our offer in which was accepted almost exactly 8.5 weeks ago. Our mortgage offer came through within 2 weeks of the application, the survey was done and no real issues with the searches.

However, slow responses from seller's solicitor to our enquiries has meant we still haven't exchanged contracts...we're hoping for tomorrow...

Now I've done nothing but badger solicitor's and EA's for the past 4 weeks, and it's still taken this long despite having no chain.

I would keep everything crossed, chase everyone who will listen and hope for the best, but perhaps not depend on it!

fannyanna

Technically it's possible - realistically I think you're being too optimistic.

I'm now in week 7 of a purchase (our property is already sold and the current owner is chain free too) and we're no where near exchange of contracts let alone completion.

Richard_Webster

Our house is 14 years old, so new-ish house with no issues, the house we are buying is also only 8 years old.

Our buyer has sold their house in Scotland, the chain is already mature and has a completion date of the 21st August. So it's just our sale and purchase to concentrate on.

Is your seller buying anything? If so how long is the chain above?

Takeaway_Addict

I moved into my house within 4 weeks of making the offer but I did have to do some hassling and driving to solicitors etc.

Can be done, just need to be prepared for some leg work