Exchange and Completion of my private property sale
Once the buyers have their mortgage offer and their solicitor has all the legal information he requires you will be in a position to exchange contracts on your property sale. When you do this you will normally be expected to set a date for completion of the sale. This is the day legal possession passes to the new owner and you will be expected to leave the property. Make sure that you can comply with the completion date you provide - if you don't complete on the day you say then the buyer can charge you interest for every day you are late.
The completion date should also be acceptable to your buyer - both solicitors will agree this date based on advice from their clients. With this in mind you need to set a completion date that fits with your move to your next property. Make sure that, if needed, you book time off work, book a removal company etc in plenty of time.
Next Page - Moving out of my property
Previous Page - Things to keep on top of
Return to - 'Sell my own home' Guide
Please note. The information contained within the MyKeys.co.uk 'Guide to selling my own home privately' is for guidance only.
For the legal aspects of selling your own home please contact your solicitor.