The Move How long does it take to move into a new build home? Insure your new property on risk from exchange Visit the property with your estate agent to ensure everything you agreed is still in place and nothing has been damaged Send a copy of the title deeds to your mortgage lender Register the transfer of ownership with the Land Registry Contact your banks and utility companies. Unforeseen issues like this can take longer to resolve.
Why does it take so long?
To find your nearest David Wilson Homes development, visit our home. What do I need to do before exchanging contracts? For people moving into older homes, this can be one of the biggest issues. You might have received a mortgage in principle, allowing you to make the purchase offer.
Every sale is different, though, and some can move quicker or take longer — but you can use that time frame as a guide.
What does exchange of contracts mean?
A Local Authority search can take up to six weeks, which could potentially delay exchanging contracts. Plus, if anything unexpected is revealed by the searches that could impact the purchase, this may also have a knock-on effect. How long does it take to exchange contracts? Despite agreeing on the date, there may still be delays on the day.
Did you know
That all being said, it is possible to exchange contracts and then have a longer wait for the completion. Related Posts The Move What to consider when moving from renting to buying When counting down the days until you become a homeowner, it can be easy to get caught up in the excitement of owning your own home.
So, how long does it take to exchange contracts? These include:. You may be a first-time buyer and happy to move as soon as possible, but the seller will also have to find their next property. Contracts are exchanged by solicitors representing both the buyer and seller.
Exchanging contracts - everything you need to know
Normally, this happens around midday on a weekday. If someone pulls out at the last minute, this will trickle down and could impact your exchange.
You may even forget Some homes sell within the first week but others can take longer. When do you exchange contracts?
These include: The size of the chain. The Plan Essential considerations when selling your current home Some homes sell within the first week but others can take longer. Unfortunately, there are many factors that can cause delays and lengthen the time it takes to exchange contracts.