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How long after signing contracts do you get the keys?

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  • 15-11-2009 3:08pm
    #1
    Daragh86
    Registered Users Posts: 173 ✭✭


    Hopefully signing for the purchase of a house on the 27th Nov but just wondering when do you actually get the keys of the house? Is it the day of signing or sometime after?


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    #2
    John Mason
    Hosted Moderators Posts: 10,661 ✭✭✭✭John Mason


    it took me about 6 months to get the keys


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    #3
    ParkRunner
    Registered Users Posts: 3,026 ✭✭✭ParkRunner


    6 months :confused: I presume this isnt the norm or that you mean it was 6 months after paying the deposit rather than signing the contracts?


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    #4
    babaduck
    Registered Users Posts: 488 ✭✭babaduck


    There's a couple of stages -

    (a) Booking deposit
    (b) Signing contracts & contract deposit
    (c) Balance of funds handover - this is when keys are released

    There's usually 21 days between (a) and (b) and a piece of string between (b) and (c). This is when your solicitor checks all aspects of the contract, clarifies any legal queries, you get your financial house in order re. drawing down loan, getting your insurance cover in place and snagging the property. Once this is all done, then (c) happens.


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    #5
    astrofool
    Registered Users Posts: 16,631 ✭✭✭✭astrofool


    (b) above should also state the date for the balance to be paid (usually 90%) and the handover of the property.


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    #6
    Freddie59
    Closed Accounts Posts: 6,679 ✭✭✭Freddie59


    astrofool wrote: »
    (b) above should also state the date for the balance to be paid (usually 90%) and the handover of the property.

    It should take no more than 8 weeks if there are no major legal obstacles.:)


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    #7
    mrgaa1
    Closed Accounts Posts: 759 ✭✭✭mrgaa1


    provided that the seller has signed the answer should be about 30 seconds


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