Completion day is, without a doubt, the best part of the entire home buying process. It's when you'll pick up the keys and take ownership of your new home.
There are a few final checks to be done before completion day can happen.
While completion day is an exciting day for both parties and the final point in a lengthy process, it can also be quite stressful too.
To ensure it runs as smoothly as possible, there are a few things that you and the seller can do.
For sellers, it’s vital to have everything boxed up and ready to move out before the day.
As for you, the buyer, all that’s really required is to have your phone to hand and be ready to pick up the keys from the estate agent!
The completion day is agreed upon between you and the seller in advance, and it usually takes place between 7 and 28 days after the exchange of contracts. (check out this article to find out how long it takes to exchange contracts on a house)
It can take less than 7 days in some rare cases, and it’s even possible to exchange and complete on the same day, but this is incredibly unlikely and not all lenders will allow it.
Most people choose to complete on a Friday, as it then gives them the weekend to unpack and get things in place.
However, due to the demand for this day, it can mean that removal costs are higher, and solicitors are busier, as they may have several completions to work through on the same day.
Another potential issue is that if the completion fails to go through for any reason, the party responsible for the delay will be liable for the other party’s costs over the weekend.
Therefore, it’s usually better to complete earlier in the week if possible, as it can save you money and your solicitor or conveyancer should be slightly less busy.
The best day of the process is completion day and we'd love to help you sell your home and be by your side throughout every step of the journey through to completion.
We pride ourselves on going above and beyond when it comes to selling your home and invest time in our customers. Our team of property experts are knowledgeable in the local market and provide impeccable service
for our sellers.
Would you like a free valuation on your property? We're happy to help - you can chat with a member of our friendly, helpful and experienced team. Check out our Google reviews
Call James at the Hockley office: 01702 200666
Call Lloyd at the Benfleet office: 01268 755252
Williams and Donovan, established in 1999. Local property experts in South East Essex, Sales, Land and Homes, Lettings, Property Management. Operating from three branches in Hockley and Benfleet.