If you’re selling a home in Leamington Spa, you probably want at least a rough idea of how long the process is likely to take. Engaging with a Leamington Spa estate agent could give you valuable insights into this process. Understanding the timescales that are likely to be involved is important when it comes to preparing and organising for a move. As experts in the industry, the team here at Etta James can give you a greater insight into the process.

How Long Do Sellers Have To Reject Or Accept An Offer? 

Sellers will either reject or accept an offer on their property within a couple of days. Should there be an especially high demand for their property, the process could take longer. This is because there may be several offers for the sellers to consider. However, it’s essential to bear in mind that you may not always want to accept the offer that is highest. Consulting with your Leamington Spa estate agent could provide guidance that speed is critical. You may wish to accept a lower offer in return for faster completion.

How Long Will There Be Between Offer And Completion?

There is no single answer to this question since there are many variables that come into play. Market conditions, local demand, and the complexity of the property chain all affect the length of time between offer and completion. Typically, though, this period is around 6 – 13 weeks. It very much relies, however, on how quickly your conveyancer, local authority, and indeed, you yourself, handle the requests and paperwork involved. Working with your estate agent in Leamington Spa can often facilitate a quicker process.

What Kind Of Timescale Is Involved In The Conveyancing Process? 

Conveyancing solicitors go through several different stages as they progress towards completion. They must gain confirmation of your available funds or mortgage offer. Then they draw up the contracts. They also arrange searches through the local authority, obtain information from the land registry, handle all pre-contract inquiries, and continuously liaise with the other party’s solicitor. Remember, collaborating with a good estate agent in Leamington Spa can streamline these stages for you. Overall, it can take about 12 weeks.

How Long Between Signing Contracts And Exchanging?

This relies heavily on the conveyancing solicitors making the contracts available to each other, usually via recorded delivery. The buyer must have the deposit ready for the exchange to be completed. Buildings insurance needs to be ready to be activated as the new owner. Although there aren’t any hard and fast rules about the time of contract exchange, many solicitors do it at around midday. A Leamington Spa estate agent can be beneficial in adhering to these timelines. At that point, the purchaser has a legal commitment to purchase the property. Completion will then typically take place within a couple of weeks – usually in the afternoon. Friday is the most popular day for this. Sometimes, completion and exchange take place on the same day.

If you have any questions about the selling process, don’t hesitate to contact the team here at Etta James. We can answer all your questions and give you the advice you need. So give us a call on 01926 898080 or drop us an email at [email protected]. We’re looking forward to helping you.

Our Top Tip

Can gazundering happen after contracts are exchanged? Consulting a trusted estate agent in Leamington Spa could offer guidance on this matter.

Resources you may find useful

Below are a collection of further reading resources that you may find useful.

1. https://hoa.org.uk/advice/guides-for-homeowners/i-am-buying/how-to-speed-up-conveyancing/
2. https://www.propertymark.co.uk/professional-standards/consumer-guides/buying-selling-houses/speed-up-your-sale.html
3. https://www.ettajames.co.uk/7-tips-for-a-smooth-house-move-in-leamington-spa/
4. https://www.ettajames.co.uk/6-step-guide-to-the-conveyancing-process-leamington-spa/