Completing and Exchanging on the Same Day: Is It Right for You?
Completion and exchange are two big milestones when selling or buying a property - but can they be achieved on the same day?
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Completion and exchange are two big milestones when selling or buying a property - but can they be achieved on the same day?
Yes, although it is not common for this to happen, a property sale can fall through even at this point of the sale. It is rare for a party to pull out of a sale after contracts have been exchanged as it will be in breach of contract and they will either lose their deposit as a buyer or have to provide compensation as a seller.
Usually, the time between exchange and completion is around 1-2 weeks. This allows enough time to arrange for things such as removals and to organise everything for the move.
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