Contract exchange: How long does it take?
Exchanging contracts is the exciting bit. It’s when both the buyer and seller sign identical contracts on the sale of a property and when the sale/purchase becomes legally binding. Once your offer is accepted things will start to feel real, but nothing is set in stone. It’s only once you’ve exchanged contracts that either side has a legal obligation to buy or sell. That’s when you can really start planning life in your new home.
On average it can take between 8 and 12 weeks to reach this point, while part exchange can be much quicker as there is no chain. Every sale is different and some can move quicker, with others taking longer, but use that as a guide.