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Buying house, questions re locks etc
Comments
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subjecttocontract said:
I'm working from personal experience. I've sold around 15 properties in the last 9 years......all simultaneous exchange & completion.EssexHebridean said:Simultaneous exchange and complete really is pretty unusual in England - most people just need some certainty so that doesn't work for them!
How many of those 15 properties were empty/unoccupied when you sold them? I suspect you are a developer and/or landlord so the properties were probably not the 'usual' type ie owner-ocupied.
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I'm surprised to hear that the normal time between exchange and completion is only 1-2 weeks. It always used to be 4 weeks, as the norm, but I may be a bit out of date, as we moved in here 25 years ago.
No reliance should be placed on the above! Absolutely none, do you hear?0 -
GDB2222 said:I'm surprised to hear that the normal time between exchange and completion is only 1-2 weeks. It always used to be 4 weeks, as the norm, but I may be a bit out of date, as we moved in here 25 years ago.
During9 lockdown solicitors advised same day (in case buyer or seller contracted Covid). Since then a gap has become the norm again (with exceptions!) but a shorter gap than used to be the case (as per your example).
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