When You Complete On A House What Happens

So, you've found your dream home, signed on the dotted line, and now you're wondering, "What happens when you complete on a house?" Well, grab a cuppa, let's chat about it!

Completion Day: The Big Kahuna

Completion day is like the grand finale of a fireworks show. It's the day when all the paperwork is finally signed, the money changes hands, and you get the keys to your new pad. But before we get to the fun part, let's talk about the not-so-fun part - the admin.

Final Checks and Balances

Your solicitor or conveyancer will be busy bees, making sure everything is in order. They'll do a final check on the contract, ensure the funds are ready to go, and confirm that the seller's solicitor has sent over the final paperwork. It's like they're the conductors of this big, legal orchestra, making sure everyone's playing their part.

Meanwhile, you might be twiddling your thumbs, wondering what's taking so long. But remember, Rome wasn't built in a day, and houses aren't bought in a minute. Patience, grasshopper!

Money, Money, Money

Now, let's talk about the big, fat cheque. When you complete on a house, the money for the purchase price is transferred from your solicitor's account to the seller's solicitor. It's like a big, financial game of pass the parcel, but with less music and more legal jargon.

If you're taking out a mortgage, your lender will send the funds across. If you're a cash buyer, your solicitor will use your funds. Either way, it's a lot of money changing hands, so it's important to make sure everything's above board.

Completed House With Page Corner Flipping To Construction Framing

Keys to the Kingdom

Once the money has been transferred, the seller's solicitor will send a confirmation to your solicitor. This is the green light you've been waiting for. It's time to pick up those keys and make your way to your new home!

But wait, there's more! Before you can start moving in your furniture and hanging up your artwork, there are a few more things to tick off the list.

Snagging Lists and Final Checks

You might have done a thorough inspection before making an offer, but it's always a good idea to do a final check once you have the keys. This is where you'll spot any little niggles that need fixing - think wonky door handles, cracks in the paintwork, that sort of thing. It's like a treasure hunt, but instead of treasure, you're looking for things to add to your 'snagging list'.

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Once you've got your list, you'll need to send it to the seller's solicitor. They should then instruct the seller to fix the issues. It's a bit like playing email tennis, but with less rackets and more legalese.

Change of Address

While you're waiting for the snagging list to be sorted, it's time to start thinking about the practical stuff. You'll need to update your address with your bank, your utility providers, and the DVLA if you're a driver. It's a bit of a pain, but it's worth it to start feeling like your new home is really yours.

And there you have it, folks! That's what happens when you complete on a house. It's a bit like a rollercoaster ride - there are ups and downs, twists and turns, but when you finally reach the end, it's all worth it. So, grab your keys, unlock that front door, and start making some memories in your new home!