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How long did your longest purchase or sale take (looking at a record)?

2

Comments

  • morning - lets see is anyone can beat sale agreed on 30/6/2014 with completion on the 18/9/20 - same buyer, same price - issues were it was a deceased estate with an housing association and the council having a registered interest along with an unregistered title and the seller had no will and no close relatives .......
    You win. 
  • Davesnave
    Davesnave Posts: 34,741 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 7 December 2020 at 10:11AM
    ProDave said:
    Is this the sale process after you get an offer to completion?  Or time from putting on the market to getting a sale?
    From first accepted offer to completion for us was 16 months, but the purchasers weren't the same people and there were two other couples in between times.
    Main reason was the Crash of 2008/9 including the Northern Wreck debacle, but also wobbly people with odd ideas and few morals. As it turned out, they probably did us a favour, but it didn't feel like it at the time!

  • 13 months from offer to completion coming this Friday. It was really two parts though!

    Offer accepted Nov 2019, appallingly slow sellers’ solicitors held it up. We were near completion in March 2020 but we had to pull out as OH very close to losing job due to Corona. 

    We then re-offered as it was still up for sale in Sept 2020, were accepted and exchanged last week. 
    Mortgage - £274,000 to pay
    WEAR A MASK
  • 2bFrank
    2bFrank Posts: 363 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    My cousins house that he bought took nearly 1 and a half years to buy. Seller died just before exchange, everyone was keen to carry on but had to wait for probate and all the extra stuff, was a nightmare.
  • FTB_Help
    FTB_Help Posts: 336 Forumite
    100 Posts First Anniversary Name Dropper
    edited 7 December 2020 at 10:44AM


    For me, this is the infamous and elusive EWS1 form... So 9 months to the day since I started my purchase, I'd like to find out from others:





    Wow, you could have made and birthed a child in that time! Good luck hope all goes well
  • annetheman
    annetheman Posts: 1,043 Forumite
    Ninth Anniversary 500 Posts Photogenic Name Dropper
    morning - lets see is anyone can beat sale agreed on 30/6/2014 with completion on the 18/9/20 - same buyer, same price - issues were it was a deceased estate with an housing association and the council having a registered interest along with an unregistered title and the seller had no will and no close relatives .......
    We have a strong contender for the record....! Wow, thanks for making me feel better about my 9 months (typical human gestation period, rightly put @FTB_Help :D - incidentally, my sister fell pregnant in March!!)

    Current debt-free wannabe stats:
    Credit card: £8,524.31 | Loan: £3,224.80 | Student Loan (Plan 1): £5,768.55 | Total: £17,517.66
    Debt-free target: 21-Mar-2027
    Debt-free diary
  • We've been incredibly fortunate with our several sales/purchases....

    Sales - I think the longest from offer accepted to completion (on the sale of our last house in 2017/8) was 14 weeks.

    The worst for us was when buying a new (to us) home back in 1997. The property was a Victorian house that had been converted to several flats decades previously. All but two of the tenants left voluntarily before our offer was accepted (it was a private sale, so no marketing), but the remaining two had to be evicted.

    Iirc, the whole process from offer accepted to completion took around eight months during which time our sale completed and we had to move in with my parents for six weeks. It could have been a lot worse but at the time it felt endless. However it was worth it for what was then our dream renovation project/home  :)


    Mortgage-free for fourteen years!

    Over £40,000 mis-sold PPI reclaimed
  • AskAsk
    AskAsk Posts: 3,048 Forumite
    1,000 Posts Fourth Anniversary Name Dropper Photogenic
    longest for us was 4.5 months as the buyer lost the house they wanted to buy a month into the process and had to find another one before they could proceed with the sale.  they said they will post letters through the letterbox in the area where they want to move to, and we thought they wouldn't be able find a house this way, but luckily they did.

    from experience, a transaction takes just over 3 months to complete.
  • Quite liking the spreadsheet of blame idea! I’m currently five months on from putting my place on the market, and since the first sale fell through we’re back to having viewings again. It’s leasehold so even if we get an offer now I reckon it’ll be another 2/3 months till we get there. It’s been much more stressful than I anticipated.. so far delays caused by: our very slow mortgage broker (eventually dumped and went else where); our buyer’s mortgage taking a couple of months; and what did our sale in..our local council getting cyber attacked and not being able to return any searches and our buyer not being willing to use an indemnity. It’s been fun 😂
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