Cash buyer investor 8 week turnaround possible?

user1977

AskAsk said:

user1977 said:

AskAsk said:

GDB2222 said:

Back in the day when I had wheeler dealer clients, they sometimes used to exchange in 24 hours. Of course, 2 months is entirely possible.

However, as others have said, you are in other people’s hands. All you can do is respond rapidly, rather than say mulling over the fixtures and fittings form for a fortnight. 

I recently used a firm of solicitors near Manchester, and they dealt with everything the day it arrived. They were not the cheapest firm, but you can’t have everything. Pm me if you want the name but it sounds like you already have a solicitor you are happy with. 

i am surprised someone said they did it in 2 weeks, doesn't sound plausible to me as it takes even longer than that for the searches!

It's perfectly plausible provided everyone is motivated to get the transaction done (and assuming nothing crops up which is objectively a problem).

i still don't believe it.  unless the solicitors are both action straightaway and the ALM were already done on both side and it is freehold and cash buyer and no chain and the house is empty and the searches come back within 2 weeks, which is asking a lot and no questions were raised and the TA10 and TA6 forms were already completed and no survey is carried out.

that is a lot to ask!

Which one of us is a property solicitor? 

We already know it's a cash buyer, a freehold property, no chain, and the seller has already done their prep for the previous deal. The OP's buyer sounds like the sort who can take sensible commercial decisions (rather than insist that everyone e.g. twiddles their thumbs for weeks waiting for largely pointless searches to appear).

In the commercial world, these sorts of deals can be done in a matter of days. It's the (English) residential conveyancing factories which wouldn't be able to cope with it.