How long is a piece of string in Scotland?

Gers

I've just accepted an offer (closing date yesterday) on my late DM's flat in Glasgow.  It's a cash buyer too. I've never sold a property before.

Flat is vacant and all the remaining furniture etc will be removed in the next two weeks or so, I am moving between it and my own place.

I know that these things can vary, however can anyone give me idea of a rough time frame for getting it all done please?  I don't know the steps which are needed, I spoke to my solicitor yesterday when I received the formal offer and will speak to him again but he's really longwinded.  I suppose it's a legal trait to cover all bases. 😊

I'd be grateful for any advice about this.

user1977

What date of entry did they put in the offer?

Gers

user1977 said:

What date of entry did they put in the offer?

"To be mutally agreed in writing."

user1977

Ok, they may have their own idea about when they want to buy (and at this time of year the timescales are likely to be affected by people in the process going on their holidays). But for a cash purchase with no particular problems cropping up, four weeks from beginning to end is easily feasible.

If the flat is factored then your solicitor will need a letter from the factors to confirm the current position with any common repairs etc - there's sometimes a delay getting that.

Presume by your "late DM's flat" that confirmation is all done and you're selling as executor (or the executor has already transferred title to you)?

rose_T

I am in Scotland and buying a house that received confirmation in April. Our offer was verbally accepted on the 12th may, our mortgage offer has been ready since the 17th may. 

There is 4 executors which is making it harder but so far we have been held up due to their solicitor being very slow in sending emails and documents to my solicitor who is very on the ball. This is a no chain purchase and I really thought it would have been done and dusted by now. 

If you want to help it move fast I would definitely suggest having all documents, deeds etc in place and provide these to your solicitor. Our property the deeds were lost so had to get a copy and it was on the sasine register so can’t even view the title on line, had to await this coming back. Now my solicitor is trying to organise a date of entry which the other side sent a letter in June asking for 1st July entry but they didn’t have anything ready or in place. Now we are playing it week by week and my solicitor still needs more information from them to finish her part but they are very slow. 

Definitely have all documents ready cause it saves a lot of hassle, if any alterations done to property make sure you have the paperwork or can provide evidence it was done over 20yrs ago. 

Good luck I hope your sale moves faster than mine 

sheramber

I sold my house to a cash buyer-entry in 4 weeks.

I bought as a cash buyer and again entry 4 weeks. 

Gers

user1977 said:

Ok, they may have their own idea about when they want to buy (and at this time of year the timescales are likely to be affected by people in the process going on their holidays). But for a cash purchase with no particular problems cropping up, four weeks from beginning to end is easily feasible.

If the flat is factored then your solicitor will need a letter from the factors to confirm the current position with any common repairs etc - there's sometimes a delay getting that.

Presume by your "late DM's flat" that confirmation is all done and you're selling as executor (or the executor has already transferred title to you)?

I'm selling as executor and confirmation will be submitted early next week.  It's just as well it hasn't been done yet as the offer is well in excess of the home report and would have maybe caused a problem even though the estate will still be under inheritance tax threshold. 

Yes, the property is factored so I'll make sure that they respond swiftly.

Four weeks gives me a deadline to clear out the remaining contents.  Thanks.

Gers

rose_T said:

If you want to help it move fast I would definitely suggest having all documents, deeds etc in place and provide these to your solicitor. Our property the deeds were lost so had to get a copy and it was on the sasine register so can’t even view the title on line, had to await this coming back. Now my solicitor is trying to organise a date of entry which the other side sent a letter in June asking for 1st July entry but they didn’t have anything ready or in place. Now we are playing it week by week and my solicitor still needs more information from them to finish her part but they are very slow. 

Definitely have all documents ready cause it saves a lot of hassle, if any alterations done to property make sure you have the paperwork or can provide evidence it was done over 20yrs ago. 

Good luck I hope your sale moves faster than mine 

Deeds are with DM's solicitor and the property is still on the sasine register - she bought it in 1976. 

All my ducks are in a row.  I've got folders which show the major fabric refurbishment done two years ago along with completion certificate.  The work was part-funded by Glasgow City Council and I have all the papers.  Another folder has receipts and manuals for the new boiler, oven and dishwasher. 

Thanks.  My fingers are crossed.

user1977

Gers said:

user1977 said:

Ok, they may have their own idea about when they want to buy (and at this time of year the timescales are likely to be affected by people in the process going on their holidays). But for a cash purchase with no particular problems cropping up, four weeks from beginning to end is easily feasible.

If the flat is factored then your solicitor will need a letter from the factors to confirm the current position with any common repairs etc - there's sometimes a delay getting that.

Presume by your "late DM's flat" that confirmation is all done and you're selling as executor (or the executor has already transferred title to you)?

I'm selling as executor and confirmation will be submitted early next week.

Four weeks gives me a deadline to clear out the remaining contents.  Thanks.

Four weeks didn't anticipate you having to get confirmation first. Would be more normal for that at least to be in progress before you market. I don't know how long that is typically taking at the moment.

Gers

user1977 said:

Gers said:

user1977 said:

Ok, they may have their own idea about when they want to buy (and at this time of year the timescales are likely to be affected by people in the process going on their holidays). But for a cash purchase with no particular problems cropping up, four weeks from beginning to end is easily feasible.

If the flat is factored then your solicitor will need a letter from the factors to confirm the current position with any common repairs etc - there's sometimes a delay getting that.

Presume by your "late DM's flat" that confirmation is all done and you're selling as executor (or the executor has already transferred title to you)?

I'm selling as executor and confirmation will be submitted early next week.

Four weeks gives me a deadline to clear out the remaining contents.  Thanks.

Four weeks didn't anticipate you having to get confirmation first. Would be more normal for that at least to be in progress before you market. I don't know how long that is typically taking at the moment.

It's an excepted estate with one executor and one beneficiary - both me.  My solicitor advised holding off, of course neither of us anticipated a cash buyer.  I can't see six weeks, if needed, being a problem for the buyer.

Thanks.

happyc84

Depends when the missives are signed. Until then its up in the air. between 1 and 3 months I would guess