Am I right in thinking........
#1
Account Closed
Thread Starter
Joined: Feb 2005
Posts: 451
Am I right in thinking........
that I have read it somewhere that you can sign for the sale of your house on a friday but then move out say the following friday??????
Been searching to see if I can find anyone else's thread that contain this info but no luck
I know we can ask solicitor on Monday but it is Saturday night (UK time) and I am an impatient bugger
The reason I am asking is that I think our buyers are playing a game with us and will try to pull a massive drop in price (which we cannot afford) on day of signing, so I am loathed to book shippers and sell my suite/TV/etc..... in case things go t*ts up on the day Not sure how it all works, thanks for any advice.
Cheers
Been searching to see if I can find anyone else's thread that contain this info but no luck
I know we can ask solicitor on Monday but it is Saturday night (UK time) and I am an impatient bugger
The reason I am asking is that I think our buyers are playing a game with us and will try to pull a massive drop in price (which we cannot afford) on day of signing, so I am loathed to book shippers and sell my suite/TV/etc..... in case things go t*ts up on the day Not sure how it all works, thanks for any advice.
Cheers
#2
Re: Am I right in thinking........
that I have read it somewhere that you can sign for the sale of your house on a friday but then move out say the following friday??????
Been searching to see if I can find anyone else's thread that contain this info but no luck
I know we can ask solicitor on Monday but it is Saturday night (UK time) and I am an impatient bugger
The reason I am asking is that I think our buyers are playing a game with us and will try to pull a massive drop in price (which we cannot afford) on day of signing, so I am loathed to book shippers and sell my suite/TV/etc..... in case things go t*ts up on the day Not sure how it all works, thanks for any advice.
Cheers
Been searching to see if I can find anyone else's thread that contain this info but no luck
I know we can ask solicitor on Monday but it is Saturday night (UK time) and I am an impatient bugger
The reason I am asking is that I think our buyers are playing a game with us and will try to pull a massive drop in price (which we cannot afford) on day of signing, so I am loathed to book shippers and sell my suite/TV/etc..... in case things go t*ts up on the day Not sure how it all works, thanks for any advice.
Cheers
#5
Lost in BE Cyberspace
Joined: Jun 2005
Location: Oz -> UK -> San Diego
Posts: 9,912
Re: Am I right in thinking........
Yes, you can do that in the UK. And also in Oz actually.
My neighbours in the UK are doing this.
My neighbours in the UK are doing this.
#7
Forum Regular
Joined: Jan 2007
Posts: 39
Re: Am I right in thinking........
Exchange - i.e. solicitors swap contracts with fixed moving dates on, after this point a delay costs money and its almost impossible to pull out.
Completion - Moving out day, money changes hands and you move out once the solicitor confirms that the money has arrived.
You can exchange and complete on the same day and take it from me it is stressful as the buyer has you by the short and curlies as they know that you have packed up, are in am mental state to leave your house and have booked the movers and time off work.
If it was me i would never do both on the same day again, especially if you have doubts about the buyer.
-Kevin
#8
Banned
Joined: Aug 2008
Posts: 22,348
Re: Am I right in thinking........
There are two dates after signing,
Exchange - i.e. solicitors swap contracts with fixed moving dates on, after this point a delay costs money and its almost impossible to pull out.
Completion - Moving out day, money changes hands and you move out once the solicitor confirms that the money has arrived.
You can exchange and complete on the same day and take it from me it is stressful as the buyer has you by the short and curlies as they know that you have packed up, are in am mental state to leave your house and have booked the movers and time off work.
If it was me i would never do both on the same day again, especially if you have doubts about the buyer.
-Kevin
Exchange - i.e. solicitors swap contracts with fixed moving dates on, after this point a delay costs money and its almost impossible to pull out.
Completion - Moving out day, money changes hands and you move out once the solicitor confirms that the money has arrived.
You can exchange and complete on the same day and take it from me it is stressful as the buyer has you by the short and curlies as they know that you have packed up, are in am mental state to leave your house and have booked the movers and time off work.
If it was me i would never do both on the same day again, especially if you have doubts about the buyer.
-Kevin
#9
Re: Am I right in thinking........
I only know how it works in Australia - both parties agree on a settlement date - can be as short or long as you like.
#10
Account Closed
Thread Starter
Joined: Feb 2005
Posts: 451
Re: Am I right in thinking........
There are two dates after signing,
Exchange - i.e. solicitors swap contracts with fixed moving dates on, after this point a delay costs money and its almost impossible to pull out.
Completion - Moving out day, money changes hands and you move out once the solicitor confirms that the money has arrived.
You can exchange and complete on the same day and take it from me it is stressful as the buyer has you by the short and curlies as they know that you have packed up, are in am mental state to leave your house and have booked the movers and time off work.
If it was me i would never do both on the same day again, especially if you have doubts about the buyer.
-Kevin
Exchange - i.e. solicitors swap contracts with fixed moving dates on, after this point a delay costs money and its almost impossible to pull out.
Completion - Moving out day, money changes hands and you move out once the solicitor confirms that the money has arrived.
You can exchange and complete on the same day and take it from me it is stressful as the buyer has you by the short and curlies as they know that you have packed up, are in am mental state to leave your house and have booked the movers and time off work.
If it was me i would never do both on the same day again, especially if you have doubts about the buyer.
-Kevin
Thanks for your reply