Exchange and Completion

[E63M6]

First time purchasing a unchained house. What's the usual period after exchange of contracts to the date of completion.


Thanks

[E63M6]

The contracts have to be exchanged within 28 days. Is this normal?

[E63M6]

28 days from the offer. I hope its doable.

[E63M6]

Don't know if it makes a difference but its a builders assisted sale. So would the searches already be done etc.

[E63M6]

Thanks for all the replies. The house was on sale roughly 3-4 months ago and was sold. Its back on the market now because its a part exchange. Dors this mean all the surveys etc will be done or will I have to do them again.


Thanks

[E63M6]

No its not a new build but is being bought by a company (Developer).

[E63M6]

eltawater said:

Sounds like a developer has sold a house to a third party, and taken their old house in part exchange for the new house.

Said developer now has that part ex on their hands and so understandably wants shot of it quick as they are in the business of selling their new housing stock, not wasting time selling part exchange properties.

In the car trade they would just punt it off to auction, but I expect the loss here would be too great

Do your own surveys and searches, it's not in your developer/vendor's interests to hand you something which might cause you to back out

Ye that's it. Sorry for the confusion.


I am the buyer. The house is being sold by a developer who has part exchanged for a new build.

[E63M6]

There's only us who will be moving so that should quicken up the period between exchange and completion.