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Buying a house can be a long and stressful process. Completion day is the final step in this process, but it can come with its own issues and stresses. However, with proper planning, you can take the right steps to ensure your completion day goes smoothly.
What happens on Completion Day?
As the name suggests, completion day is the day when your property purchase will be completed. The funds will be transferred to the seller, and you will receive the keys to your new property. The property will then belong to you and the transaction will be finished.
How to Avoid a Completion Day Nightmare
There are many different people involved in your completion day. Whilst you can’t control every single aspect, you can do what you can with your own part to ensure you’re prepared and have plans in place.
Find a reliable removals company
Sometimes delays on completion day can be caused by issues with the removals company. Various issues such as staff sickness or double booking can cause a delay or even result in your belongings not being moved that day.
The best way to avoid this is to use a trusted removals company. Check the reviews of a removals company to see other people’s experiences with them and look into the services they provide. Ideally, a removals company will carry out some sort of pre-move survey to ensure they are properly prepared for moving your belongings, including knowing how much will need to be moved and how they will access each property.
There are a number of reliable and trusted removal companies in Swindon and across the country that can help to make your transition into your new home as smooth as possible.
Organise your funds
The money you’re using to buy the property will be transferred to the seller on completion day. There can be a number of things that might cause a delay with this.
If you’re far down a property chain, other people’s transfers could cause a delay for your own transaction. For example, a delay with the first purchase will have a knock-on effect for the next purchase. If this continues down the chain, you could find your own transaction is delayed or even unable to be completed that working day.
Unfortunately, you can’t control what happens with other transactions in the chain. However, you can help to ensure your own transfer is completed in a timely manner by discussing how long it will take with your bank and solicitor. You should ensure that the mortgage company is ready to transfer the funds, if you’re using a lender, or make sure the necessary funds are in your own bank if you’re buying outright.
Keep all your paperwork on hand
Your solicitor or estate agent may need to contact you at any point throughout the day to confirm details about your property. You can help to make this a quick process by keeping all relevant paperwork to hand with you on completion day.
You could either keep paper copies with you in a folder or take scans and keep a virtual copy on your phone or laptop. Documents that you may need to refer to will include your contract, information about the property, information about your mortgage or funds, and the contact details for your solicitor and estate agent.
Make sure you’re contactable
One of the best ways to help avoid delays on completion day is to make sure you’re contactable all day. You should keep your phone near you and on loud, so you don’t miss any calls from your estate agent, solicitors, or removals company. You should also regularly check your emails.
It can also be helpful to keep in contact with your solicitors yourself, especially if you haven’t heard from them for a while. They will be able to keep you updated with where you are in the process and what the next steps will be, so you can make sure you’re prepared.