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From offer to completion - what's the average time?

  • 26-05-2014 6:17am
    #1
    BattyInNZ
    Registered Users, Registered Users 2 Posts: 70 ✭✭


    I keep hearing about sales taking up to 3 months and indeed when we bought in 2001 in Ireland it did take that long but it was because the house was in probate. What's the general rule of thumb - especially if you aren't in a chain?

    Why does it take so long?


Comments

  • #2
    jon1981
    Registered Users, Registered Users 2 Posts: 4,359 ✭✭✭jon1981


    My experience:

    We weren't in a chain. From offer to close date it was 2 months or so. I guess it depends on banks, valuers, solicitors and the vendor themselves. Assuming there are no delays on any of those fronts I would think 2 months is reasonable.

    We also had a very good broker that drove things along and the mortgage application was 100% with no issues, the surveyor didn't yield anything major that needed further discussions or legal considerations, our solicitor was proactive in chasing the vendor solicitor for the contracts, also it helped that the vendor wanted a prompt move.


  • #3
    BattyInNZ
    Registered Users, Registered Users 2 Posts: 70 ✭✭BattyInNZ


    Thanks for that. 2 months seems pretty okay.


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