6 Completing the Sale Process When all the necessary documentation and reports have been received by the solicitors of the vendor and the buyer, the contracts can be signed by both parties. The deposit is forwarded to the vendor's solicitor from the buyer and the contracts can then be formally exchanged. The sale then becomes legally binding on all parties. The completion date can then be agreed and finalised between the vendor and buyer - normally somewhere in the region of four weeks from the date of exchange. Once the exchange is complete, you will need to begin planning your move, including arranging removals, contents and buildings insurance and making sure your utility supplies (e.g. gas, electricity) are transferred to your new home. If you require any advice or assistance in these matters please do not hesitate to contact the Domvs team. On the day of completion or shortly before, the outstanding balance for the purchase of the property will be transferred from the buyer's to the vendor's solicitors. The vendor will then vacate the property and the solicitors will confirm the completion. The transaction is then complete.