How Long Does It Take To Move Into A New House

Looking for your dream dwelling house is exciting and once you've establish it, you'll desire to motility in straight abroad. We'll take you through how long it could take from making an offer to moving in and calling it your dwelling house.

We'll also explain the key differences between buying an existing property as opposed to a new home, and why moving into a new build is frequently a faster process.

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How long does it take to move in after making an offer?

The beginning phase in the process when buying a new build is to reserve your abode by paying a reservation fee. How long you can reserve a new-build home for will depend on that belongings'south terms and conditions.

If you lot're buying an existing property, you will make an offer to the vendor's estate agent. The first big look is to see if the vendor will accept your offer or hold out for a college one. This will typically accept no more than a few days, as the vendor considers their options.

Your offer is rejected or negotiated
The estate agent may report back that they are hoping for a higher price or want to charge more for 'fixtures and fittings' – and there could exist a negotiation that takes a few days. If you stop upward in a behest war then this process can feel quite intense, merely it would be unusual for it to take longer than a couple of weeks.

Your offer is accustomed
When this happens, it'due south the start of a journeying that should stop up with you gaining the keys to your new home. However, the await betwixt putting in an offering and moving in tin feel long, and there can exist a number of ups and downs during that time.

What happens next?

With David Wilson, reserving your new-build home ways no 1 else volition be able to. It is taken off the market immediately, giving yous peace of mind.

Yet, if y'all've had an offer accepted on an existing property, the vendor needs to agree that the manor agent can take the property off the market. This is a key way to protect your purchase from 'gazumpers' or people who are willing to better your offer.

In that location are oftentimes more negotiations to happen such as how long you'll need to wait betwixt exchange and completion (typically this is around a week after the exchange of contracts but it can be as long as four weeks). It can easily take several working days to negotiate this typhoon contract.

The new build completion process is ofttimes much faster, however, every bit you won't need to negotiate whether fixtures and fittings are existence included, if there's an additional cost to be paid, and whether y'all tin conform a discount if the survey shows that there's work needed.

In the meantime, you'll demand to process your mortgage application (the principal legwork should accept been done if you already had a mortgage in principle but the formal application can still accept some time), instruct a solicitor, and carry out any surveys and checks required.

All this does have time, and while information technology has sometimes been achieved inside less than iii weeks, it is much more than normal for it to have around 6-8 weeks. That's assuming in that location are no delays or problems – ownership and selling a property can be a difficult business and sometimes there are delays which are simply beyond your control.

What can slow things downwards?

There is no one answer to how long it takes from reserving your home or making an offer to moving in. The time it takes to buy a property will be afflicted by how smooth the procedure is. So, if your mortgage application hits a snag or you aren't efficient with the paperwork, and so it will draw out the procedure.

A cardinal thing that affects the speed of your move is whether you're involved in a chain. When you buy a belongings from a homeowner who is currently living in the property, and then you can only complete your buy and move in once they have moved out.

These are some of the key differences that can affect the speed of the process when buying a new build compared with an existing abode.

	New-build domicile	Existing belongings
Concatenation	No upward chain and so if you're a first-time buyer, you can be set to move into a new home as rapidly as your admin allows. If you already own a holding, our Part Exchange scheme could release y'all from a chain. Nosotros could purchase your current domicile so y'all can motion into your new one faster.	There are frequently chains involved with properties that currently have people living in them. Each person in the chain is and so reliant on the side by side person getting out of the house they're looking to motility into, and and then on and so on. This can cause frustrating delays.
Vendor change of heed	No run a risk with a new-build. Once you reserve your dwelling and pay your reservation fee, it's yours.	The vendor tin have a change of heart or accept a higher offer at any point upwards until the exchange of contracts.
Survey surprises	No risk suddenly issue with the house derailing your purchase as everything is brand new and guaranteed.	Surveys can frequently reveal problems with the property such as long-ignored damp in the roof or issues with wiring that can dull downwards or, sometimes, stop the purchase entirely.
Interior design	You can choose interior touches like kitchen cabinets and bathroom tiles before you motility in, and so they're brand new from the 24-hour interval you arrive.	While you can showtime thinking about how to design your home, any changes tin can't start until you've moved in.

What can speed up the new build completion process

One benefit of buying a new-build habitation is having admission to a squad of specialists to aid you every step of the fashion.

At David Wilson, we use recommended New Habitation Mortgage Advisers and conveyancing solicitors who are experts in the process of purchasing newly built homes. They tin can manage most of the paperwork for you, and are used to working closely with new build developers.

Ultimately, whether y'all are ownership a new build or an existing property, it's important to be realistic and accept that these sales practise take time. However, making employ of effective, efficient professionals – from the solicitor to the Sales Adviser or estate agent – will help speed up the process.

Moving into an existing property can be achieved in vi-8 weeks every bit long equally the process runs smoothly. However, if you are looking to motion even quicker, buying a new-build home is a keen pick.

Take a look at some of our available homes and start your next movement today. Nosotros'd be happy to discuss our range of schemes that can help you own your dream home sooner.

Source: https://www.dwh.co.uk/advice-and-inspiration/long-take-putting-offer-reserving-home-moving/

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