Property buying/selling timeline - currently into week 21
04/12/20: Both properties listed for sale
11/01/21: Offers
accepted on both sales & on our joint purchase
25/01/21: Identity checks completed, solicitors instructed
27/01/21: Purchase survey & valuation complete, mortgage offer
received
05/02/21: Reduction agreed on partner's sale (under-valuation) & on
purchase. Mortgage offer amended
08/02/21: Buyers pack returned to solicitor - sellers packs already returned
26/02/21:
Partner's sale contract signed
10/03/21: Purchase searches all back
16/03/21: My sale contract signed
28/03/21: Purchase enquiries satisfied, Title
Report & contracts issued, contracts signed & returned
11/05/21: Still waiting on final enquiry in the adjoining chain to be resolved. Consent to break the chain granted, instruction to move to exchange given.
17/05/21: All parties agreed to June 3rd for completion
27/05/21: Exchanged on my sale only
28/05/21: ALL EXCHANGED!
03/06/21: Completion
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The NEW waiting to exchange thread...
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Comments
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Fiesto - exchanging and completing in the same day is quite unusual. Gives me hope though if you do, good luck!
We’re fortunate enough that we could afford to fund our deposit without needing the equity in our current property so we aren’t selling simultaneously. The new house is vacant so there’s no chain involved. There’s no real reason not to do both on the same day.
Were we in the position of needing to move on completion day, there’s no way I’d be risking it given how awful the vendor’s solicitor has been.0 -
Natbag, we're still (theoretically) on for a Friday completion and my solicitor said we can exchange any day up to and including Friday, so there's still hope!
Still no update on this landscaping issue - think I'm going to call the solicitors in the morning and ask them to exchange tomorrow anyway as I need to give notice on the current place and would like to start organising myself! I hate this horrible limbo. Just reread the contract for the current rented house and I can't give notice via email so the boyfriend is going to have to hand them a physical letter. Wish they would get with the times! :rotfl:
Fiesto, fingers crossed for tomorrow for you!0 -
Fiesto88 - sorry, I think you did tell me this before. Makes sense!
Clueless maybe there is hope after all then. We'll see what tomorrow brings!0 -
Got a provisional completion date of Fri 10 Nov! Fingers crossed x2024 wins: *must start comping again!*0
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Fingers crossed hazyjo!
Here I am wide awake at 4am, the sooner this stress is over the better.
0 -
Exchanged yesterday, completing today! :j:j:j
15weeks exactly since our offer was accepted, quite a bit longer than we anticipated at the beginning but we are finally there! We are ftb living with parents so were taking our time moving in and getting some paint on the walls and carpets down first.
Thanks to everyone in this thread for keeping my sanity. Good luck to all! :beer:0 -
Congrats rackattack :j :j0
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Congrats rackattack! Decorating must be a bit more fun if you don't have to live around it just yet.
Asked my solicitor for an update monday, yesterday morning she emailed to say she had received replies to all her enquiries and the lease has been ammended. She said she "review and report" to us "shortly", but nothing yet.
So we could be days away from exchange, or still weeks, I have no idea!!0 -
Our seller has just decided that she doesn't want to sell after all. Why she let us get so far in the process and spend so much money I will never understand.
Back to the drawing board! Not sure our buyer will wait for us now as there is nothing coming on the market where we are. Absolutely gutted!0 -
I was told on Friday 20th October that the sellers solicitor would be drawing up a contract, exciting stuff! thinking it wouldn't be too long. Informed yesterday afternoon that there may be a delay as the probate may not have come through yet.....0
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