Completion day is the final step in the property buying or selling process – the day when ownership officially transfers and keys change hands. While it’s an exciting milestone, it can also be stressful if things don’t go smoothly. At Beers, we understand how important this day is for our clients, and we’ve put together some practical tips to help you navigate completion with confidence.
- Stay in Close Contact with Your Solicitor
Your solicitor is your key ally on completion day. Ensure you have their direct contact details and keep your phone handy. They will confirm when the funds have been transferred and the deal has completed. If you’re selling, they’ll notify you once they’ve received the purchase money; if you’re buying, they’ll advise when you can collect your keys.
- Confirm Your Finances Are Ready
Buyers should double-check that their mortgage lender has released the funds to the solicitors ahead of time. Make sure you understand any outstanding payments like stamp duty or additional fees, so you can arrange for these to be paid promptly. Sellers should confirm bank details with their solicitor to receive the sale proceeds without delay.
- Prepare for the Move
Although you won’t be able to move in until completion is confirmed, it helps to have your moving day arrangements lined up and flexible. Avoid booking removal services too early in the day to accommodate any last-minute timing changes. Sellers should ensure the property is fully vacated and cleaned for handover.
- Conduct a Final Property Check
If possible, do a final walkthrough of the property before completion. Check for any agreed repairs or removals and make sure the property is left as expected. This helps prevent disputes and ensures a smooth handover to the buyer.
- Keep Key Documents Handy
Both buyers and sellers should keep important documents like ID, mortgage offers, and any agreed contracts close by. Sometimes additional paperwork is needed on completion day, and having everything ready will avoid unnecessary delays.
- Stay Calm and Patient
Completion day can sometimes involve unexpected last-minute issues, such as delayed funds or administrative hiccups. Trust your legal team to manage these and stay patient. Most issues can be resolved quickly with good communication.
In Summary
A successful completion day is the result of careful preparation and clear communication between you, your solicitor, and all parties involved. By following these simple tips, you can reduce stress and enjoy the excitement of moving into your new home or successfully selling your property.
If you have any questions or need expert advice on your property transaction, the team at Beers is here to help. Contact us at our Kingsbridge or Plymouth offices for friendly, professional support.
Kingsbridge 01548 857000
Plymouth 01752 246000
E-mail: info@beersllp.com