Catherine Bolland, Licensed Conveyancer, Residential Property

Always have a survey done.

Make sure you are aware of all the costs involved with a property transaction.

Have realistic timeframes to avoid unnecessary stress.

How long is my transaction going to take?

The average time between instructing your solicitor and moving in is 10-12 weeks but many transactions proceed more quickly and some, more slowly!

What is the difference between exchange and completion?

A completion date is the date on which you move into your new property and vacate the old one. The agreed completion date is written into the contract and exchange of contracts is the point at which the seller and buyer agree to commit themselves unconditionally to the transaction.

Do I have any comeback on my seller once I have moved in?

Generally not. If things don’t work you will be liable. You should always therefore check that all appliances, central heating, and other systems are in good working order before you commit to exchange of contracts. If damage has been caused to the property you may be entitled to compensation and if the seller leaves furniture or rubbish at the property they are in breach of contract because ‘vacant possession’ has not been given.