Signing of Contracts

mickeyg

Registered User
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In signing a contract when purchasing a site is it the vendor (seller) who signs the contract first and then the buyer or is it the other way around i.e. buyer first.

m
 
Mf1 - thanks for reply! Sorry for being so pedantic but following on from this when does the money change hands from the purchaser to the buyer??

Thanx
 
When the sale completes, which is after both parties sign contract, exchange contract and purchaser pays deposit, after the exchange of necessary information and when purchaser pays the balance of purchase monies due in exchange for title documents such as will enable purchaser to be registered as new owner. This is normally several weeks after contracts are signed but much depends on the position of the parties. Its not unusual to sign contracts and complete a simple transaction in a very short space of time.

mf
 
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