The technical term is “Completion”, and it’s defined as follows:
Once all matters between exchange and completion have been dealt with, the money for the property is transferred from buyer to seller. The sale is now completed and the keys are handed over. The property now belongs to the buyer.
In other words, I now officially own a motherf’ing house! How about that?
I was hoping to complete this morning, as I had arranged for a letting agent to evaluate the house at 11:30am. However, I called my estate agent at 9:30am to find out when we would complete and when I could pick up the keys. He said it would be at about 2pm. I was like, “sh*t!!” I asked if there was anyway I could have the keys to the property for 10mins at 11:30, since the vendors had already vacated. But as suspected they couldn’t do that, since it would be breaking the law. I quickly contacted my letting agent and explained the situation and asked if I could reschedule. He was extremely understanding, and our appointment was rearranged for 3pm.
2pm approached, and I received a call from Sophia (the only helpful member of staff at Joslin Rhodes, my Conveyance Solicitor, that I have encountered), and she gave me the good news- my purchase was complete- I could pick up my keys.
I jumped into my car and put my on the gas and made my way to my estate agents offices; picked up the keys, and went to my shiny new investment. I was a little nervous about opening the front door because I had no idea what the condition of the property would be like. Moreover, I couldn’t even remember what the property looked like from inside. Everything was a blur.
I slowly opened the door, peeked in, and to my surprise, the place appeared larger than I remembered (probably because it was empty). What’s funny is that it was also completely different to what I remember. I thought the kitchen was at the front of the house, and the living room was at the back, when it was actually the other way round. Albeit, it was a pleasant surprise as everything looked better than I remembered. I think where I viewed so many similar houses initially, my mind was a little confused.
I had a look around the house; I was kind of relieved, nothing much needed to be done to it. I only noticed a few things; a sliding door at the back needs a little sanding down and a lick of paint, and I think the kitchen sink needs replacing, it looked a little worst for wear.
By the time I had adjusted to my new surroundings, I heard a knock on the door; it was the letting agent I had arranged to come over. He went through the current condition of the letting market, their process of finding a tenant, their fees, and the different packages they offer. Everything seemed reasonable, so I was prepared to give him an opportunity to find me tenants.
Immediately after I gave him the go ahead, he pulled out a camera from the inside of his suit pocket and started snapping the place like he was the paparazzi. Like a true poncy photographer, he kept saying, “ooh, lovely shot. This looks great” I couldn’t help but think, “typical. Twat!”
After his snapping spree, he informed me he’ll arrange viewings, and contact me when he has viewings lined up. He seemed pretty confident that the place would get snapped up quickly because of the desirable location the property was in. But then again, that sounded like snake-oil salesman talk to me. Either way, until then, it’s pretty much a waiting game.
I’ll take pictures of the house tomorrow and post them. But for now, I’m going to go out and have a little celebratory drink.
By the way, you can all call me Mr Landlord from now on. Actually, scrap that, Sir Landlord :)
Disclaimer: I'm just a simple landlord blogger; I'm not qualified to give legal or financial advice. Any information I share is my opinion based on my personal experiences as an active landlord, and should never be contrued as legal or professional advice. For more information, please read my full disclaimer.