Hi Guys,
We are in the process of selling our PPOR and then buying elsewhere. The house is on the market and an offer has been made and a price agreed to. No contracts have been signed yet and wont be until mid-week.
Given that we would like to complete a simultaneous settlement with our new property, what length settlement should I put on the sale contract? Please note, there does not seem to be a house on the market where we want to buy that is suitable as yet. Therefore, we may need a few weeks to find a property.
I'm thinking we should put a 12 week settlement on the sale to give us plenty of time to find a purchase but are there risks involved in this???
Many, many thanks for any insight.
Andrew
We are in the process of selling our PPOR and then buying elsewhere. The house is on the market and an offer has been made and a price agreed to. No contracts have been signed yet and wont be until mid-week.
Given that we would like to complete a simultaneous settlement with our new property, what length settlement should I put on the sale contract? Please note, there does not seem to be a house on the market where we want to buy that is suitable as yet. Therefore, we may need a few weeks to find a property.
I'm thinking we should put a 12 week settlement on the sale to give us plenty of time to find a purchase but are there risks involved in this???
Many, many thanks for any insight.
Andrew