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How Long Will A Residential Property Transaction Take?

The question ‘how long does the conveyancing process of buying or selling a house take’ is not uncommon. Hodgkinsons’ Property Department, Skegness, explain the details involved.​

How Long Will A Residential Property Transaction Take?

Conveyancing Solicitors cannot provide a definite reply when asked ‘How long will the Conveyancing Process take?’ at the beginning of a transaction. There are often many procedures in the process which make it impossible to provide an accurate response. On average however, the conveyancing for either the purchase or sale of a home can take between 6 – 12 weeks although this will vary from Solicitor to Solicitor. This is however dependent on various circumstances which can ultimately make the process longer or shorter.

The various steps which may affect completion time are as follows:

  • Whether the property is freehold or leasehold
  • Search Results
  • Whether it is part of a chain
  • A delay in obtaining a mortgage offer
  • Whether a Home Buying Scheme is being used
  • A delay in receiving information from external organisations

Hodgkinsons’ Conveyancing Solicitors attempt to ensure that there are no unnecessary delays. To ensure that your transaction is constantly moving forward it is recommended to instruct an experienced Solicitor.

The government have suggested implementing tactics to reduce the levels of delay associated with purchasing or selling a house. These include:

  • Decreasing the time between offer & completion through the use of digital technology
  • Encouraging sellers to gather information on previous searches and permissions prior to putting the house on the market
  • Establishing a 10-day target in which local authorities must respond to search queries
  • Implementing the ability to use digital signatures on physical documents

Here at Hodgkinsons Solicitors, Skegness, client satisfaction is our top priority and we understand the demand for quick completions therefore we aim to complete transactions in an efficient manner.

If you are considering either buying or selling a home in Lincolnshire, our Residential Property Department can guide you through the process. For more information contact 01754 897150 to speak to a member of our team. Alternatively, to view our ‘Step by Step Guides to Purchasing or Selling a Residential Property’ visit:

Purchasing: http://www.hodgkinsons.co.uk/chart?image=https://www.hodgkinsons.co.uk/uploads/assets/Residential_Flow_chart_Purchasing.jpg&title=

Selling: http://www.hodgkinsons.co.uk/chart?image=https://www.hodgkinsons.co.uk/uploads/assets/Residential_Flow_chart_selling.jpg&title=​