|
|
 |
Exchange of Contracts
When all the formalities have been completed, the seller and purchaser sign the contract. The deposit, which is normally 10% of the purchase price, is forwarded to your solicitor and contracts are then formally exchanged. At this stage the transaction becomes binding upon both the seller and the purchaser.
The completion date will be agreed between both parties before contracts are exchanged and will normally be between two and four weeks from the date of exchange.
|
|
