Exchange of contracts and completion | everything you need to know 2023
Some of the final stages in selling/ buying a home is the exchange of contracts and completion. Thorough preparation is key for exchange and completion. Keeping everything in order reduces daunting aspects. This approach also promotes smoother proceedings. We will explore what exchange of contracts and completion mean. We'll understand the actions between these two stages. Plus, we'll share tips for a successful process and more. What is exchanging contracts? The exchange of contracts is crucial in property transactions. It legally binds both buyer and seller to the sale. Solicitors or conveyancers actively manage the process on behalf of both…