T
tommyw
Guest
Myself and girlfriend are both thinking of selling our current PPRs, and buying a new (or probably 2nd hand) place together. However, given that means 2 sales and 1 purchase, I'm wondering how on earth we time all of this correctly, or what the consequences are. The sort of questions I would have are:
(i) What is the normal timeframe from start to finish in a private treaty or auction purchase i.e. If we put in an offer on a place, and if it is accepted, what is the normal time that a seller would expect to get contracts out to us, and then how long to sign, and then how before we could get the keys? Or is all that totally negotiable?
(ii) If we haven't sold the 2 PPRs it possible to put in a clause that means the purchase is contingent on us getting finance (from the sale of the PPRs, or wherever?)? Or is it once you've signed the contract, we would forfeit the deposit if we can't get the finance (i.e. can't sell the 2 PPRs)?
Any other advice would be appreciated. thanks.
(i) What is the normal timeframe from start to finish in a private treaty or auction purchase i.e. If we put in an offer on a place, and if it is accepted, what is the normal time that a seller would expect to get contracts out to us, and then how long to sign, and then how before we could get the keys? Or is all that totally negotiable?
(ii) If we haven't sold the 2 PPRs it possible to put in a clause that means the purchase is contingent on us getting finance (from the sale of the PPRs, or wherever?)? Or is it once you've signed the contract, we would forfeit the deposit if we can't get the finance (i.e. can't sell the 2 PPRs)?
Any other advice would be appreciated. thanks.