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How long from start to finish?
Comments
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A friend has recently bought a property to renovate before moving in and selling the other house they were living in during the renovation. The purchase of the new house took 10 months, due to an unmotivated seller. The sale of the old property took 5 weeks. Both transactions were chain free but were dependent on how quickly the buyers and sellers acted.
The same friend had an offer on a flat accepted the same time I had an offer accepted on a house, 3-4 years ago. I completed within 10 weeks. Her purchase took 25 weeks. I was buying from a couple who were expecting their first child and wanted to move before the birth. She was buying the flat off the landlord she'd been renting from for the last 3 years. The urgency made a difference to the time scales0 -
"Uncomplicated" meaning no mortgage, no chain, a buyer who's happy to skip the searches, a seller who's got all paperwork in order, the TA6 ready to go and pre-prepared answers to all possible pre-contract enquiries, both parties live next door to the solicitor, everyone's happy to exchange and complete on the same day and the solicitor has literally zero other cases...!An uncomplicated sale with motivated participants can go from offer to completion in 2 weeks.0 -
ThePants999 wrote: »"Uncomplicated" meaning no mortgage, no chain, a buyer who's happy to skip the searches, a seller who's got all paperwork in order, the TA6 ready to go and pre-prepared answers to all possible pre-contract enquiries, both parties live next door to the solicitor, everyone's happy to exchange and complete on the same day and the solicitor has literally zero other cases...!
Exactly, or almost.
Recent purchase took 12 days from offer accepted to exchange of contracts.
The three rather silly conditions I have bolded did not apply. Still managed to complete in 12 days.
Not sure how else I can convey the expression "possible, not typical".(Nearly) dunroving0 -
It would take about 17 weeks for the whole process to complete. I don't think you have any advantage of being a no chain buyer.0
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