How long does a house sale take with no chain?
On average, it takes about ten days to sell your house with no chain. However, it can take up to 6 weeks if processing the paperwork takes time. Offering cash to a buyer will reduce how long it takes for the completion of the sale of a no-chain property.
How long does it take to exchange from no chain to offer?
If there is no chain involved in the buying process, you can normally expect to complete within approximately three months.
How long does conveyancing take cash buyer no chain?
How long does the conveyancing process take when buying or selling a home?
|Buyer/Seller Status||Average time from offer to exchange of contracts|
|No chain – cash buyer||4 – 8 weeks*|
|No chain – buyer obtaining a mortgage||4 – 10 weeks*|
|Chain – Cash buyer||10 – 12 weeks*|
|Chain – buyer obtaining a mortgage||10 – 12 weeks*|
How quickly can a house sale go through?
For a straightforward transaction, six to eight weeks is typical but a number of factors may complicate matters and cause delays. However, smart buyers know that doing their homework and being prepared can speed the process up significantly.”
How can I speed up my house sale?
Tips on speeding up your house purchase
- Find a ‘contract ready’ property to buy.
- Avoid being in a chain.
- Book your survey early.
- Set target dates for exchange and completion.
- Get your money ready for exchange.
Why do solicitors take so long to process a house sale?
But, why do solicitors take so long to exchange contracts? The truth is there can be numerous reasons from them simply being bad at their job or having too many clients to handle, through to instructions from the seller, delays in obtaining searches, and even unresponsive buyers.
Who decides completion date?
The date of completion is one that is agreed by both parties prior to exchange, commonly one or two weeks later. It is the date on which full payment is made to the seller, ownership transfers to the buyer and moving day takes place.
What to do once offer on house is accepted?
Offer accepted on house – what are the next steps?
- Take the property off the market.
- Find a conveyancing solicitor.
- Complete your mortgage application.
- Hire a surveyor.
- Get quotes for a removals company.
- Exchange contracts and pay deposit.
- Confirm completion date.
How long does it take to exchange after searches?
The time between conveyancing searches and exchange of contracts is typically between 1 and 3 weeks. Although this may seem like quite a long time, you’ll be pleased to know that you’re on the home straight!
Can conveyancing be done in 4 weeks?
On average Conveyancing takes around 12 weeks, but this can be much shorter, with some transactions completing in as little as 4 weeks. On the other hand, it could also take much longer, being delayed by matters outside of your control.
Does a cash buyer need a solicitor?
Money Laundering Regulations 2017 mean that a solicitor cannot, by law, proceed with your cash purchase without having proof of where the money came from. To prove the source of your funds you will need to provide additional evidence, depending on where the funds came from.
Can conveyancing be done in 3 weeks?
Generally, your conveyancer will need to wait at least 3 weeks for this to come through. The good news is that most of the others will come back in a few days.
How many houses are looked at in the first week?
How many viewings should you have in the first week? In a hot market, you should expect to get about 2 viewings a week. Based off this, you can expect 2 viewings in your first week. It could be more in a hot market, as there are lots of buyers in the market and therefore more potential interest.
How long can a solicitor hold money after house sale?
As a rule of thumb, it is wise to expect to wait a minimum of six months from when probate is granted to receive money from the estate, though it is not uncommon to have to wait longer.