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Exchange of Contracts
sascasjor
Posts: 51 Forumite
Hi
Can anyone tell me if exchange of contracts just goes ahead or will I be informed of a date when this will happen? I'm the seller (no chain) and I have signed and returned a contract which my solicitor sent me about two weeks ago. Last I heard, they were just waiting on a couple of searches to come back. Thanks in advance, I'm pretty clueless on these things!
Can anyone tell me if exchange of contracts just goes ahead or will I be informed of a date when this will happen? I'm the seller (no chain) and I have signed and returned a contract which my solicitor sent me about two weeks ago. Last I heard, they were just waiting on a couple of searches to come back. Thanks in advance, I'm pretty clueless on these things!
0
Comments
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You would always be told first to check that everything is still o.k., as the deal becomes legally binding at that point.
I'm sure your solicitor would confirm this if you asked.0 -
Also when you exchange contracts you will agree completion dates with anyone else in the chain. The dates need to be something you all agree on, so you won't just get a call to say you've exchanged.
On our last sale we signed and sent back contracts weeks before we actually exchanged so don't panic if it still takes a little while yet!0 -
Thanks for that, I'm just starting to panic a little as I've had two sales fall through before this one, although neither got this far. Survey was ok etc so hopefully I'm worrying about nothing!0
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