Completion
Definition
The final stage of a property transaction when the purchase price is transferred, ownership passes to the buyer, and the keys are handed over. In England and Wales, completion typically happens 1–4 weeks after exchange of contracts. On completion day, the funds are transferred between solicitors.
Why it matters
Completion is the day you get the keys and become the legal owner. Understanding when it happens (and what can go wrong on the day) helps you plan your move. Late completions, where the seller's funds don't arrive on time, are not uncommon and can leave you stranded between properties.
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