How long does it take when moving house discussed by Ashington Removals & Storage
Moving house can take anything from 6 weeks to 12 month’s and it will all depend on yours, your buyers, your sellers situations and how long your house buying chain is.
The first part to moving house is putting your house on the market if you have one to sell. Most people won’t accept an offer from you unless your property is under offer so we would always advise that you research the area and type of house you are looking for to make sure there are ones that you would want on the market, however, try not to go and view houses unless you have had an offer on yours. It can be a heartbreaking game if you find a house that you love but you can’t make an offer on it and it then sells.
Selling your home
If you have decided that you are moving house there are a few things you should do first:
- Look around and see if there are properties on the market that you would be interested in (be really clear on why you want to move, the things that are a must and the things you would compromise on)
- Have a clear out and declutter
- Paint any rooms that need refreshing
- Think about storage solutions you could use to make your home look clean and tidy
- Give it a deep clean
- Tidy the garden
- Look on a property selling site to see what properties have sold in your area and their condition so you have an idea of how quickly houses are selling, for how much and compare it to yours
- Ask for 3 estate agents to come round and value your house
- When you have an idea of the value of your home you will know the equity you have and you can speak to your mortgage company to check they will give you a mortgage for the difference in the price of your current home and the sort of property you would be looking to move to. Always remember that you may not always get the full asking price for your property and you need to calculate the other costs associated with moving; mortgage fees, estate agent fees, stamp duty, legal fees and removal costs
- When you have done all of this you will be ready to go and you can decide which estate agent you want to market your property with
When you have a potential buyer coming to view your house, give it a clean and tidy and its always nice to have some fresh flowers in your kitchen or some nice scented defusers, all of these small touches will make your home more appealing to potential buyers.
Don’t always feel you have to accept the first offer you get. If you receive an offer in the first week of it being on the market which isn’t your full asking price then thank them for their offer and let them know you will take it into consideration over the next few days after you have had more viewings.
When you have received an offer and accepted then you can start the exciting journey of looking and viewing properties for yourself. Always check that your buyer has their mortgage agreed and find out when they would be looking to move.
Register with lots of estate agents and set up alerts on the main house selling websites so you can quickly arrange viewings for the ones that you like.
When you have found a home that you love we would advise that you check on the main selling websites for previous properties that have been sold in the road and area you are looking to buy in so you can see when they sold, their condition and how much they sold for. This will help you make a decision on how much you should and want to offer for the property. When you offer on the property always make it clear that your offer is dependent on them taking the property off the market.
How long does it take when you are moving house after your offer has been accepted?
A house sale with no chain at all which means you are selling to someone who has nothing to sell and you are buying from someone who isn’t buying another property should take no more than 6-8 weeks. You should always be really clear with your buyer and your solicitor when you want to move and chase them weekly for updates so your paperwork doesn’t get lost in their pile of conveyancing jobs. Anything longer than this is considered too long, however, if there are any complications with house surveys, planning applications, boundary queries, access rights and so on this can add to the timescale.
What is Conveyancing when you are Moving House?
Conveyancing is a legal process that has to happen before buying or selling a property. A professional conveyancing solicitor facilitates the settlement and house title/deeds transfer process by ensuring that their client is meeting all legal conveyancing obligations and ensures their client is protected during these processes and financial transactions.
If there are multiple houses being brought and sold, this is known as a house buying chain and it can take anything from 3 months to 6 months, even 12 months in very rare cases whilst all the properties go through the legal conveyancing checks and processes.
If you are in a chain then ensure your estate agent communicates and agrees everyone’s wished completion dates during the offer stage and that you pass these onto your solicitor as soon as you formally instruct them to start your conveyancing.
Your estate agent should be the communication point between yourself and your buyer as well as the other estate agents in the chain, and they should be constantly chasing and following things up, this, however, doesn’t always happen. It can make it easier to exchange numbers with the people you are selling to and the people you are buying from as you can often speed things up by asking them to contact their solicitor to chase things and let them know if there are any questions that need answering. Knowing you are in contact with your buyer and seller will quite often naturally speed your conveyancing up with your solicitor.
We would always advise you not to rely on your estate agent doing all of the communication and liaising. Schedule time each week to speak to your solicitor to find out where they are with the conveyancing for your new house and what updates they have from your buyer’s solicitor with the conveyancing on your current home.
Often there are delays caused by solicitors not taking action and progressing things as quickly as they could do so knowing you will be calling for a weekly update is quite an incentive for them to progress things more quickly.
What happens during the Conveyancing process when you are Moving House?
When you have instructed a conveyancer or conveyancing solicitor they will send your buyer a contract pack which is a formal agreement of you selling your property to them, it will also include a property information form and a fittings and contents form which you will have completed. Your seller’s conveyancer will do the same for you. The packs include; information about the property you are buying, boundaries and access as well as what will be included in your purchase such as fixtures and fittings like; carpets, curtains, blinds, curtain rails, wardrobes etc. Anything that is built into the property and has been included in the marketing documentation should be left and included on the forms as being left so always check it very carefully. Often sellers will offer for you to buy fixtures and fittings and they will include the price in their pack. If you like the fixtures and fittings then this is a great way to have them in your new home when you first move in and save you buying new and fitting them yourself. If you agree to buy them then this is included as part of your purchase and the final financial transaction. The contract pack will also include the property title and a copy of the lease if the property is leasehold.
In the early stages of the conveyancing process, your official offer to buy a property will have been accepted and the conveyancers for each of the house sales and purchases will receive a copy of everyone’s official mortgage offers. Your mortgage company will arrange a valuation report to ensure the property you are buying is worth what has been agreed before they officially sign off your mortgage. In addition to this, you should arrange a full property survey of the house you are buying. A property survey will highlight any problems before you buy and you should always check how extensive they are. They can include; structural assessments, roofs, electrics and so on and there are always basic to more extensive surveys available for you to buy. Try and have more than a basic survey done as it could save you thousands down the line. If a survey brings up any problems then you should go back to your seller and negotiate for them to get the work done or get a reduction in the house price if it is something costly that needs doing. Mortgage lenders normally need to see a copy of a survey before they agree your mortgage, however, if you are paying cash you can choose whether or not to have a survey done. They may also need to see certification that the work highlighted in the survey has been completed before they will release the whole mortgage payment to you.
Your conveyancer will complete the legally required searches on the property you are buying and these give you essential information; the property’s boundary’s, any legal disputes, rights of way and access, any planning constraints or permissions.
The contract pack, mortgage offer and local authority searches will be evaluated by your conveyancing solicitor as they come in and any issues should be drawn to your attention so any decisions you need to make on your house purchase can be decided.
When all of this has been done a completion date will be formally agreed between all conveyancers in the moving chain. Your conveyancer will compile the final completion statement, transfer deed and mortgage deed for you to agree and sign which will also detail the money you/your mortgage company need to provide on completion. Final searches are also completed by your conveyancer at this point to ensure there have been no changes to the Land Register since their initial searches. When this has been done and everything has been agreed and signed, your conveyancer will inform your seller’s solicitor and confirm you would like to progress with the contract exchange and send them your deposit.
Until the ‘exchange’ stage has been completed, either you or your seller could pull out without any legal consequences.
When the exchange stage has been completed you are then legally committed to buying the property.
The completion date is when the sale of your home and the purchase of your new home is final. In some cases you can exchange and complete on the same day, however, this is not the best situation as it leaves everything to the last minute. On completion, the final balance for each property is paid, your property is legally transferred to your buyer, you become the legal owner of your new home and your conveyancer will receive the signed transfer deed to your new home.
After completion has taken place your conveyancer will normally send your deeds to your mortgage lender, pay the stamp duty owed from the purchase of your new home to Revenue & Customs and send your documents to the HM Land Registry to notify them you are now the legal owner of your property. The HM Land Registry will then send the title deeds to your conveyancer who will pass them onto your mortgage provider, or yourself if you have brought the property in cash.
How much will you pay for Conveyancing?
Legal conveyancing fees can be anything from £850-£1,500. Your conveyancing solicitor will also do local searches, which will cost you anything from £250-£300, to check whether there are any local plans, planning applications or problems in the area. Shop around for a solicitor and don’t think you have to use the one that your estate agent recommends as they quite often cost more. Personal recommendation is a great way to find a good solicitor so ask family and friends who they have used in the past and if they would recommend them. Ask for a written quote from them before you instruct them with a breakdown of the costs and what they will do for you.
How can you speed up the Moving process?
Know which conveyancer you want to use and instruct them as soon as your offer has been accepted
Have all of your properties legal documents ready
Arrange a survey in the early stages of the legal process as these will quite often throw up things you weren’t aware of which need negotiation on
Have your mortgage agreed in principle with your lender
Schedule a weekly call with your conveyancing solicitor to check for updates, issues and progress
Organise your removal company in the early stages of the legal conveyancing process and keep them updated with any changes to your completion date. Even though you won’t know your exact completion date at this point you can estimate and get quotes for the different services they offer so you know who you want to provisionally book.
That’s it, you know everything you need to know about moving house, house selling, buying, conveyancing and how long it can take to move house.
If you are Moving House in the North East and need a professional and reliable moving and or storage service then contact us on 0191 2449311 and one of our moving experts will be able to answer any questions you may have or book in a free home survey to discuss your requirements, your budget and the moving services we offer.