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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What is next step after searches
User4search
Posts: 119 Forumite
Hi can you advise how long it takes for exchange of contracts after searches? What could be possible delays?
0
Comments
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The solicitor will sit on it until you have made multiple requests for updates, most of which will be ignored (they do have other clients, you know, what makes you special?).
Eventually they will reluctantly drag your file out and possibly start thinking of making some enquiries.1 -
Thanks for input. Does than mean it could take 3-4 weeks or even months?0
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My searches were back on 26th Feb and I still haven’t exchanged yet and the house we’re buying has no chain 😩User4search said:Thanks for input. Does than mean it could take 3-4 weeks or even months?0 -
That is too much wait! Is this delay from yours or seller solicitors? Is seller solicitor not worried about this delay?chloeH95 said:
My searches were back on 26th Feb and I still haven’t exchanged yet and the house we’re buying has no chain 😩User4search said:Thanks for input. Does than mean it could take 3-4 weeks or even months?0 -
Tbh it’s been a mixture of both solicitors but my solicitor sent extra enquiries to sellers solicitor on 12th April and it took them 9 working days to even send them to the buyers 😡... all our paperwork is signed but I’m now awaiting the answers to the extra enquiries! God knows how long it will take!User4search said:
That is too much wait! Is this delay from yours or seller solicitors? Is seller solicitor not worried about this delay?chloeH95 said:
My searches were back on 26th Feb and I still haven’t exchanged yet and the house we’re buying has no chain 😩User4search said:Thanks for input. Does than mean it could take 3-4 weeks or even months?I’m 16 weeks in on a non chain sale 😩0 -
It depends on what your searches bring back, and if there are any enquiries or issues that need to be resolved,and also how responsive the parties are that are involved. To exchange, everyone in the chain needs to have completed searches and enquiries, and received, signed, had witnessed and returned their title report and contracts. One person in our chain has spent the last 4 weeks trying to resolve a complicated issue that the searches threw up, and it's probably going to take another couple to update the paperwork and get the title report and contracts issues now a resolution has been found.0
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Omg thats terrible. Why is it taking so long ?chloeH95 said:
My searches were back on 26th Feb and I still haven’t exchanged yet and the house we’re buying has no chain 😩User4search said:Thanks for input. Does than mean it could take 3-4 weeks or even months?0 -
Professional incompetence and complacency.laura0289 said:
Omg thats terrible. Why is it taking so long ?chloeH95 said:
My searches were back on 26th Feb and I still haven’t exchanged yet and the house we’re buying has no chain 😩User4search said:Thanks for input. Does than mean it could take 3-4 weeks or even months?0
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