How Long from Exchanging Contracts to Moving in
For many people, purchasing a new home is one of the most significant investments they will ever make. It’s an exciting time, from the initial house-hunting process through to finally exchanging contracts and moving in. But one question that many new homebuyers have is, “how long does it take to move in after exchanging contracts?” In this article, we’ll take a closer look at the timeline for moving into your new home after exchanging contracts.
1. Exchange of Contracts: Typically, the exchange of contracts is the final and most significant step in the home buying process. It’s where the buyer and seller legally commit to the transaction and agree on a completion date. Once the contracts have been exchanged, both parties are legally bound by the terms agreed upon.
2. Completion Date: The completion date is the day you get the keys to your new home. The date is agreed upon during the exchange of contracts, and typically takes place 7-28 days after the exchange. The time frame for the completion date depends on the agreement between the buyer and the seller, as well as the conveyancer`s speed in completing the legal processes.
3. Moving in: Once the completion date arrives, the buyer is officially the new owner of the property. They can collect the keys and start moving in, either with the help of professional movers or by doing it themselves.
So, how long does it take to move in after exchanging contracts? The answer is that it varies, but typically the timeframe is between 7-28 days. It`s important to note that all parties involved in the transaction need to be agreeable to the completion date, and the conveyancing process must be completed before the buyer can move in.
One way to ensure a smooth process is to work with a reputable solicitor or conveyancer who can ensure that all the necessary legal processes are taken care of and that the transaction goes as smoothly as possible.
In conclusion, the time between exchanging contracts and moving in is dependent on the agreement between the buyer and seller. The process can take anywhere between 7-28 days, depending on the speed of conveyancers and the agreement. It`s essential to work with a reputable solicitor or conveyancer to ensure that the legal processes are taken care of, and the transaction runs smoothly.