We use cookies to give you the best browsing experience and to help us understand how you use our site. Cookies are small snippets of data stored on your computer and some have already been set. By continuing to use our website you are accepting our use of cookies. To find out more, read about cookies.

Latest News From My Home Move - the UK's leading conveyancer

Back to all news articles

Research shows that home movers expect ‘instant results’

Research by myhomemove, the UK’s leading provider of mover conveyancing services, has revealed that the length of time between ‘exchange and completion’ when buying or selling a property, has dramatically decreased in recent years. 

The traditional industry standard of 28 days has been shortened in 85% of cases to within 14 days, and in nearly a fifth of cases reduced to simultaneous exchange and completion, as people expect ‘instant results’ when buying or selling their home. 

myhomemove research* has revealed that: 

  • 85% of home movers complete within 14 days of exchange
  • 62% of home movers complete within seven days of exchange
  • 32% of home movers complete within two days of exchange
  • 16% of home movers exchange and complete on the same day 

Doug Crawford, CEO of myhomemove, explains, “Traditionally estate agents would advise their clients that 28 days was the standard between exchange and completion, allowing people the time to plan their move, book removal vans and organise their families before the big day. However in recent years, this figure has been reduced, with 85% completing within 14 days of exchange and nearly a fifth of our clients signing contracts and picking up the keys on the same day.” 

When asked by myhomemove for their views on this shift, nearly 40% of estate agents believed it is down to their client expecting “things to happen instantly” – an expectation that has been developing since 1990s; the last time estate agents regularly remembered the time between exchange and completion being 28 days. 

Continuing, Doug said, “Our research suggests that this shift began during the 1990s and grew throughout the 2000s, mirroring the emergence and establishment of the internet. Today people generally search for properties online, so it’s no wonder their expectation is to be able to ‘click and buy’ and to reach completion as quickly as possible.” 

For more information on myhomemove and the services it provides, please visit www.myhomemove.com

In this section

    Keep up-to-date with My Home Move.

    We would like to keep in touch with all our introducers via our quarterly e-newsletter, which features details about My Home Move events, activities, competitions and relevant property industry information. You can opt out of receiving e-newsletters at any time by clicking on the 'unsubscribe' link at the bottom of the e-newsletter you are sent and we will never give your data to any third parties. In subscribing to the newsletter, you agree to being contacted in this way. We look forward to keeping in touch.