We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Timescales with House Purchase
ultimatedingbat
Posts: 750 Forumite
Hi All
I posted the other day but had some massive good news so wanted to ask a new question.
We've had an offer accepted on a property. The vendors have now also had an offer accepted on a property which is empty. Therefore the chain is a very short one.
As long as all surveys etc come back ok, what timescale are we looking at?
I posted the other day but had some massive good news so wanted to ask a new question.
We've had an offer accepted on a property. The vendors have now also had an offer accepted on a property which is empty. Therefore the chain is a very short one.
As long as all surveys etc come back ok, what timescale are we looking at?
0
Comments
-
How long is a piece of string?
I agreed in June, completing (fingers crossed) next week, and our chain was investor buying ours and us buying empty house0 -
0
-
Got offer accepted in beginning of May, ended up with a chain of 5 houses. Now one of the sellers pulled out and chain needs to be completed again. 5 months of waiting, asked vendors to break the chain twice.0
-
Could be a week or two. Or a month or two. Might be 6 months.0
-
Averagely though? The EA has said it possibly could be before xmas. We are trying to arrange sorting ourselves out as we're in rented and need to pack stuff and give notice, but obviously dont want to leave ourselves homeless or with loads of overlap0
-
12 weeks is about the average for a freehold property in a short chain. We have managed it in 7 weeks but that was everyone wanting a quick sale and paying the solicitors royaly for the privilege!0
-
It's a leasehold property not freehold0
-
I wouldn't give notice on my rental til I had exchanged as anything can happen really.
6-8 weeks?0 -
We're still going - 12 weeks and counting so far. First time buyer purchasing ours - and we're buying a probate property, so no chain. And I'm anticipating at least another 3-4 weeks before its done.
Even with no real chain it can still take ages, if - like us - your buyer is slower than an asthmatic sloth going up a steep hill, carrying heavy shopping.
Don't take anything for granted in the house buying/selling game.
That said, I wish you good fortune...0 -
THanks. We're hoping to be able to give sort of 2 months notice on the rental house as the landlord has been good to us.
And change the sloth to an ant and I'm all with you
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604.1K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards