Tag: exchange of contracts
How does exchange of contracts work if you are buying and selling a property at the same time?
Buying a house and selling one at the same time can feel stressful because you can’t fully commit to purchasing the home you want until you’ve committed to selling the one you currently own. Managing both of these transactions at the same time takes careful coordination, so you don’t end up owning two properties at...
What can delay exchange of contracts?
When considering ‘how long does buying a house take’, it’s important to understand that several factors can cause delays, particularly during the exchange of contracts. We take a look at some of the most common causes of delays. When you buy or sell property, the contract only becomes legally binding once it has been exchanged...
Can you exchange contracts and complete on the same day?
If you are buying or selling a property, the agreement does not become legally binding until contracts are exchanged. We take a look at what this means and whether exchange and completion can happen simultaneously. When someone buys a property, there is a substantial amount of work to be done beforehand. All of this must...
Exchange of contracts checklist
Once contracts are exchanged in your house purchase, you are legally bound to go ahead with your move. This is the point at which you will need to start seriously organising everything in readiness for completion day. Our checklist sets out some of the main issues to deal with. Insure your new property You should...
