Meet the Other Phone. Flexible and made to last.

Meet the Other Phone.
Flexible and made to last.

Buy now

Please or to access all these features

Property/DIY

Join our Property forum for renovation, DIY, and house selling advice.

How long from acceptance to completion

23 replies

TeenDivided · 09/03/2023 07:38

For a cash buyer, what sort of timescales are we talking from acceptance of offer to completion?
Obviously this is a 'how long is a piece of string' question, so perhaps a better question might be 'what would a standard length of time be assuming no chain related problems'?

OP posts:
Zonder · 09/03/2023 07:41

It totally depends on the chain. We waited 6 months because our sellers seller hadn't started looking for a new place.

Nannyfannybanny · 09/03/2023 07:42

Our last 2 purchases were 6 weeks. Both cash purchased ,both properties were empty,so the chain Finnished there.

EyesOnThePies · 09/03/2023 07:43

I have bought 5 times and 4 months has been about usual.

YukoandHiro · 09/03/2023 07:43

Depends on the chain. We had one chain that was 7 months

TeenDivided · 09/03/2023 07:44

I guess I'm asking how long for searches, surveys, contracts etc, what would be a timescale for all that?

(Trying to find somewhere for DD (mainly in wheelchair) to rent is proving a nightmare, she needs to move out of where she is now (it has stairs!), considering buying option...)

OP posts:
TeenDivided · 09/03/2023 07:44

Nannyfannybanny · 09/03/2023 07:42

Our last 2 purchases were 6 weeks. Both cash purchased ,both properties were empty,so the chain Finnished there.

great to know it could be fast if no chain.

OP posts:
midgemadgemodge · 09/03/2023 07:46

It can also take 6 months chain free- I wouldn't bank on anything when it comes to home moves

OldTinHat · 09/03/2023 07:50

I bought my current house cash, offer to completion was four weeks.

TeenDivided · 09/03/2023 07:52

Thanks.
We are getting a bit desperate, we didn't want to do the buying option yet, but it my be something we need to consider.

OP posts:
caringcarer · 09/03/2023 07:58

When I bought house with cash I decided not to bother with searches and whole purchase of empty property took 4 weeks and 3 days. No chain, both me and vendor got all documents back as soon as we received them. Both motivated to want a quick sale.

Anotheradventureforme · 09/03/2023 18:05

So far.

Offer accepted 15th Feb
Offer substantiated and memorandum of sale sent 1st March (this was a little slow due to online estate agent asking for pretty much every document I possessed - thought I was going to have to show the toaster guarantee by this point!)
Surveyor instructed 6th March and booked in for 21st.

webuiltthiscityonrockandwheat · 09/03/2023 18:06

We're being told 16 weeks minimum and we have no chain

unluckyinlife · 09/03/2023 18:16

We offered 18th of Feb.
Memorandum of sale 1st March
Homebuyers survey 1st March
Mortgage approved 2nd of March
Draft Contract received 7th of March
Still waiting to pay the solicitors for the searches and then expect enquiries to take a few weeks. Our new local authority takes 20 working days to respond to searches on average apparently.

unluckyinlife · 09/03/2023 18:17

We were told no chain purchases were taking 16 to 20 weeks on average. I expect ours to be around 10-12 weeks if there's no Major setbacks.

TeenDivided · 09/03/2023 18:19

Thank you all, very helpful.

OP posts:
Anotheradventureforme · 09/03/2023 18:25

This was a very useful site someone posted.

www.propertysearchesdirect.co.uk/turnaround-warnings

Zcity · 10/03/2023 06:58

House 1 (2013) 4 months
House 2 (2015) 5 months
House 3 (2017) 6 weeks
House 4 (2022/23) 4.5 months

RidingMyBike · 10/03/2023 07:25

We sold to chain free cash buyers and it took 30 days from offer accepted to completion. We'd already moved out into rental so it was very chain-free!

alwayscheery · 10/03/2023 09:04

Easily done in a month but where is the seller moving to?

Allverytricky · 10/03/2023 09:15

Our sale went through in 3 weeks from offer accepted to completion. Cash buyers, no survey. Solicitors had already been instructed and our pack was already ready as we’d had a sale fall through beforehand. Solicitors on both sides were really on it.

mummyh2016 · 10/03/2023 09:19

It depends on the area I think, 6 months ago my parents sold a property to a cash buyer and even with no chain the solicitor was upfront from the start saying it would likely take in the region of 16 weeks to go through which it did.

TeenDivided · 10/03/2023 09:19

alwayscheery · 10/03/2023 09:04

Easily done in a month but where is the seller moving to?

Hypothetical seller right now!
DD and her DH urgently need to move but having trouble finding rental so we are wondering how slow buying might be.

OP posts:
CatOnTheChair · 10/03/2023 10:06

The cash buyer bit is probably not going to speed things up, unless it is chain free, as someone in the chain is likely to be a mortgage buyer.
It's the enquiries, ime, that are time consuming.

Don't suppose there is a suitable, finished, newbuild?? That could be quick.

New posts on this thread. Refresh page
Swipe left for the next trending thread