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What to do Between Exchanging Contracts & Completion

On February 16, 2015

What to do Between Exchanging Contracts & Completion

When moving house, one of the most stressful times for our clients is the period between exchanging contracts and completion.

Once the contracts are exchanged, there is no going back and the transaction between the two parties become legally binding. While the legal process is being carried out, it’s a good idea to get ahead of the game and prepare as much as possible for the required completion date.

Take a look at our top tips for ensuring your move goes as smoothly as possible once contracts have been exchanged…

1 – Avoid same day exchange & complete

Most house sales involve a chain of people moving, and if one person changes their mind then it could spell disaster for your plans. Most people now complete within 14 days of exchange.

2 – Pack early

Try and tackle packing as soon as possible after exchange of contracts to save any last minute panic. Pack a few boxes each night, ensuring you carefully label, wrap and pack all items – it will pay dividends on moving day.

3 – Plan your removal

Gather estimates for a removal but don’t commit until you’ve got the green light from your conveyancing solicitor. A professional removal service will save you a lot of valuable time and hassle on moving day. Ask friends and family for a recommendation before you book well in advance.

4 – Inform your suppliers

Telling your suppliers that you’re moving is best avoided at the last minute.

It’s important you don’t forget to inform:

  • Gas, electric, water company
  • Phone company
  • Satellite and cable supplier
  • Debit/credit card companies
  • Insurance company

5 – Keys

Keys usually get handed over by the estate agent on the completion date. Once you receive the keys, this completes the purchase of the property.

Seeking assistance from a conveyancer early on tends to mean you will enjoy a fast exchange without needless delays.

With 30 years experience in the Conveyancing business and with a dedicated team of friendly experts, Peter Robinson & Co will ensure your purchase is as simple and stress free as possible – so make use of us!

 

  • By Peter Robinson  0 Comments 
  • Advice, Buying, conveyancing, exchanging contracts, Peter Robinson & Co.
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