We are in process of buying a house.. sellers say that they can exchange contract anytime but want completion date as tentative mid-feb.
Now, when we exchange contract does it specifically mentions completion date? If yes, how binding is this completion date? Can seller overstay or will they pay for overstay?
How much gap should we try to keep between exchange & completion date?
& when is first mortgage payment, one month from exchange or completion date?
Thanks in advance