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How long from paying booking deposit to the EA issuing the sale details?

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  • 11-05-2014 3:48am
    #1
    maki2011
    Registered Users Posts: 29 ✭


    hi,

    i checked the process of buying a property.

    After paid booking deposit, the estate agent will prepare a document of sale details and send this to the seller’s solicitor and to your solicitor.

    usually how long the time of this stage?
    ( from paid booking deposit to the EA issue the sale details )


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    #2
    BeatNikDub
    Closed Accounts Posts: 603 ✭✭✭BeatNikDub


    Usually done within a day or two max.


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    #3
    maki2011
    Registered Users Posts: 29 ✭maki2011


    BeatNikDub wrote: »
    Usually done within a day or two max.

    i have paid booking deposit for 2 weeks and just called the EA, they said maybe need another week for the contract.

    is it normal?


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    #4
    iguana
    Registered Users Posts: 12,916 ✭✭✭✭iguana


    Is it a negative equity sale? These can take much longer to progress as the vendor's lender needs to confirm that they accept your offer and this can take weeks/months/+.


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    #5
    Victor
    Registered Users Posts: 78,420 ✭✭✭✭Victor


    maki2011 wrote: »
    After paid booking deposit, the estate agent will prepare a document of sale details and send this to the seller’s solicitor and to your solicitor.

    Note that the brochures, etc. that the estate agents has are very modest documents and that the vendor's solicitor may have to take some time to draw up the formal contract and there may be a back-and-forth between the solicitors before everything is ready for signing. That may take weeks or months.


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    #6
    maki2011
    Registered Users Posts: 29 ✭maki2011


    iguana wrote: »
    Is it a negative equity sale? These can take much longer to progress as the vendor's lender needs to confirm that they accept your offer and this can take weeks/months/+.


    not negative equity.


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    #7
    maki2011
    Registered Users Posts: 29 ✭maki2011


    Victor wrote: »
    Note that the brochures, etc. that the estate agents has are very modest documents and that the vendor's solicitor may have to take some time to draw up the formal contract and there may be a back-and-forth between the solicitors before everything is ready for signing. That may take weeks or months.


    but i checked after paid the booking deposit , next stage is EA issue sale details to me, my solicitor and the vendor's solicitor, is depends EA.


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