Q&A: How long should the completion process take? Who dictates the terms?
The completion date is agreed between the vendor and purchaser and forms part of the contract for sale. Completion usually takes place 1 month after exchange of contracts, but this may vary depending on the circumstances of the parties and whether there is a chain involved. Your solicitor will advise on the issues that you should take into account before fixing a completion date.
Comments
I just wanted to add that the actual date can be sooner if both parties are keen to sell fast, and no mortgage is required - it is not uncommon for cash sales to complete in 2 weeks.
Posted by: Sue @ Cash 4 Property | April 27, 2008 10:48 PM