How long from offer to completion at the moment?

jt1413

So we accepted an offer on our house in early April. No chain either side. 

Our buyers are incredibly keen to complete ASAP (they rang our estate agents 3x in one morning after we'd accepted their offer). We've signed our contract and transfer etc and sent it back and answered questions/filled in forms the same day but we've been given a completion estimate of 22nd july-5th August. Is this accurate? All our documents are online, no need to post anything.

When we bought our house two years ago we were in 6 weeks after offer and I know the world's changed a lot since then but over 4 months for a no chain straight forward sale? 

babyblade41

5 months here & just selling , One aborted purchase day before exchange , now hoping to exchange this week with another buyer

Our first buyer were straight cash no sale & that took over 3 months with no survey & no mortgage 
Current buyers , 7 weeks , survey, mortgage & in rented .

It's depends on how many enquiries, how long for  mortgage offer, (Our buyers one has taken 4 weeks  30/70 %) surveyors lead times, & basically how proactive the solicitors are 

jt1413

babyblade41 said:

5 months here & just selling , One aborted purchase day before exchange , now hoping to exchange this week with another buyer

Our first buyer were straight cash no sale & that took over 3 months with no survey & no mortgage 
Current buyers , 7 weeks , survey, mortgage & in rented .

It's depends on how many enquiries, how long for  mortgage offer, (Our buyers one has taken 4 weeks  30/70 %) surveyors lead times, & basically how proactive the solicitors are 

Our buyers have sold their home to a cash buyer and are waiting on this sale to go through to complete there, already have mortgage and are decreasing size of it. Solicitors seem really proactive, they've already sorted our mortgage termination which we're terminating early as we've moved from England to Scotland for work and are renting here. Completed lots of searches and asked lots of questions, we've sent the witnessed transfer etc, just wondering what the other 3 1/2 months are going to be filled with now? 

canaldumidi

It'll be betwen 6 weeks and 6 months. Every case is different.

74jax

jt1413 said:

So we accepted an offer on our house in early April. No chain either side. 

Our buyers are incredibly keen to complete ASAP (they rang our estate agents 3x in one morning after we'd accepted their offer). We've signed our contract and transfer etc and sent it back and answered questions/filled in forms the same day but we've been given a completion estimate of 22nd july-5th August. Is this accurate? All our documents are online, no need to post anything.

When we bought our house two years ago we were in 6 weeks after offer and I know the world's changed a lot since then but over 4 months for a no chain straight forward sale? 

What did they want in 1 morning that took 3 calls? They may be buyers who pester for every little thing, which ultimately delays the actual progress. 

t1redmonkey

I accepted an offer on my house last week of March I think it was, and completion date of 3rd May.  But this was under auction conditions so probably a bit different.

Thrugelmir

Your buyers need to obtain their mortgage, then their solicitor needs the results of the searches to raise the enquiries. Then you'll have a better idea of timescale. No one is going to commit to a date then get berated when it passes. When matters are totally outside of their control. 

TBG01

straight forward sale

Based on what? And no chain isn't an answer.

Upzeecreek

Sold a chain free property to a couple needing a mortgage. From it going on RM to completion was 7 weeks. 
We bought, chain free ,no mortgage, sellers had already moved out and from offer to completion took 7 months. 

housebuyer143

As above. Ultimately no one can tell you this. Chain free sale going into month 3 for the only reason that the solicitor for the buyer takes 2+ weeks to reply to my solicitor 🙄

jt1413

74jax said:

jt1413 said:

So we accepted an offer on our house in early April. No chain either side. 

Our buyers are incredibly keen to complete ASAP (they rang our estate agents 3x in one morning after we'd accepted their offer). We've signed our contract and transfer etc and sent it back and answered questions/filled in forms the same day but we've been given a completion estimate of 22nd july-5th August. Is this accurate? All our documents are online, no need to post anything.

When we bought our house two years ago we were in 6 weeks after offer and I know the world's changed a lot since then but over 4 months for a no chain straight forward sale? 

What did they want in 1 morning that took 3 calls? They may be buyers who pester for every little thing, which ultimately delays the actual progress. 

They wanted to check that it was sold subject to contract as the rightmove ad hadn't been updated and then also to check that the solicitors were being informed.

So far so good with them, I think they're just very eager not to lose their cash buyer by the sounds of it and we suspect they've bought our house to get their son into the better secondary school in our area.