2007-12-07 22:33:53 · 4 answers · asked by Anonymous in Politics & Government ➔ Law & Ethics
Almost the end....when contracts are exchanged...thats it...but don't get your hopes up until it actually takes place, things still can go wrong.
2007-12-07 22:38:35 · answer #1 · answered by Knownow't 7 · 1⤊ 0⤋
There's no definite answer to this one as the buyer's solicitor can keep delaying the exchange of contracts by raising more enquiries.
I would talk to your solicitor and ask him if he has replied to requests for searches and enquiries from the other side.
He will want you to sign the sale contract in readiness for echange, so I would have thought he is confident you will be exchanging in the next couple of weeks.
Most solicitors will close on Friday 21/12 until the New Year, so he may be just trying to get things ready for a quick completion in January.
2007-12-07 22:51:44 · answer #2 · answered by chip2001 7 · 0⤊ 0⤋
The deal is still "under offer" or "subject to contract". When all the solicitors in the chain have the signed contracts from their clients they will agree, usually by phone, an exchange of contracts. The sale is then legally enforceable, though if one of the parties drops out it may not be worth pursuing him depending on the reason for his default.
2007-12-07 22:45:21 · answer #3 · answered by The original Peter G 7 · 1⤊ 0⤋
Once deposit monies are exchanged you can't back out without getting sued.
2007-12-07 22:40:55 · answer #4 · answered by orange07974 2 · 0⤊ 0⤋