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Average time to completion with no chain either end?
Unicorn_cottage
Posts: 879 Forumite
Hi all
Can anyone advise on completion timescales in the current conditions?
Many thanks
Unicorn
Can anyone advise on completion timescales in the current conditions?
Many thanks
Unicorn
"Everything comes to him who hustles while he waits" Thomas Edison
Following the Martin mantra "Earn more, have less debt, improve credit worthiness" :money:
Following the Martin mantra "Earn more, have less debt, improve credit worthiness" :money:
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Comments
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What has your solicitor said?0
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I'm lucky enough to never have been in a chain situation whenever I've bought & sold but have never had things get to completion in less than 12 weeks. I've always kept a period of 12-14 wks in mind to avoid any disapointment, so would probably add maybe another couple of weeks to that in my mind due to delays caused by the covid situation.The bigger the bargain, the better I feel.
I should mention that there's only one of me, don't confuse me with others of the same name.0 -
Took us five months. We had nothing to sell (we were renting) and the cash in the bank and the house we were buying was empty. I can't believe it took so long but it did."If you think it's expensive to hire a professional to do the job, wait until you hire an amateur." -- Red Adair0
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Do you see this piece of string I'm holding? How long is it?
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I'm in the same boat, FTB and vendor moving in with family. The process started first day of Aug for us, we're now just waiting on solicitor searches/draft contracts which were instructed last Monday. Not sure how long it will take, mortgage offer is all sorted, hopefully we'll be in by mid/end of Oct.0
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There is no way of knowing at all. We had an offer accepted on an empty property on June 23rd and its a cash sale so no chain. We are still nowhere near exchange although survey etc done. We just have lazy seller who keeps putting off emptying the house we are buying by making all kinds of excuses.0
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We had offers accepted on March 16th, exactly 1 week before lock down started. We had FTB buying ours, and we were buying a vacant property. We completed on the 12th August.0
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For us, offer accepted 2 July, exchange on 11 September (could have been about 3 weeks early if vendor was more responsive. Complete in 3 weeks from exchange.Pensions actuary, Runner, Dog parent, Homeowner2
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10 weeks so far for us, cash purchase, no chain, no survey, no completion date in sight!
___________________________________________*leans against wall*
*sips a capri sun*
..hey______________________________0
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