How Long from House Survey to Exchange of Contracts

January 6, 2022 11:36 am Published by

When it comes to buying a house, there are many steps in the process that need to be followed before you can finally exchange contracts. One of these key steps is the house survey. But how long should you expect this to take?

There are several different types of house surveys that you might need to consider. The most basic is a condition report, which will identify any significant defects or issues with the property, but won`t go into great detail. A homebuyer report is a more comprehensive survey that will look at the condition of the property in more detail, and may flag up any potential issues that could impact its value. Finally, a building survey is the most thorough option, and is generally recommended for older or more complex properties.

The exact timeframe for completing a house survey can vary depending on a number of factors. For example, how quickly can you find a surveyor who is available to carry out the work? How complex is the survey, and how long will it take for the surveyor to fully inspect the property? And how busy are the surveyor`s schedules?

In general, you can expect a house survey to take anywhere from a few days to a few weeks to complete. It`s important to factor this timeframe into your overall plan for buying a house, so that you know when you can expect to be able to exchange contracts.

It`s worth noting that you don`t necessarily need to wait until the survey is complete before moving forward with other aspects of the buying process. For example, you can start looking into mortgage options, arranging conveyancing, and so on before the survey is complete. However, it`s generally recommended to wait until the survey has been carried out before making a formal offer on the property, as any issues flagged up in the survey may impact the value of the house and your ability to secure a mortgage.

Overall, while completing a house survey can take some time, it`s an essential step in the home buying process. By planning ahead and being patient, you can ensure that you get a thorough and accurate assessment of the property before you move forward with making an offer and exchanging contracts.

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