In theory, any property deal could go through in a matter of days. They generally don’t, but the problem is not the process, it’s the people. Continue reading “Chains”
Legal problems you may run into as a seller
Lease problems
If you are selling a lease, the buyers’ solicitors will be checking to make sure that there are no ‘beaches of covenant’. Continue reading “Legal problems you may run into as a seller”
Regulatory problems you may run into as a seller
If you – or even a former owner – have done any building works to the property, the buyers will be investigating whether the works received proper approval Continue reading “Regulatory problems you may run into as a seller”
If you are a seller, alternatives to offer in place of price reductions
If it is clear from the buyers’ survey report that the buyers will have to do work on the property to deal with problems, you can agree to knock Continue reading “If you are a seller, alternatives to offer in place of price reductions”
How to handle buyers’ attempted price reduction
After the deal gets under way, is that the buyers may attempt to renegotiate the price. There are a number of situations in which this can happen. Continue reading “How to handle buyers’ attempted price reduction”
How concerned should you be that the buyers’ surveyor has found problems with your roof?
Roofs are the main cause of price re-negotiations in my experience. Pitched roofs, supported by wooden structures, should survive for a very long time Continue reading “How concerned should you be that the buyers’ surveyor has found problems with your roof?”
How concerned should you be that the buyers’ surveyor has found woodworm?
Woodworm is actually a beetle not a worm. (You may not be too worried about the correct taxonomy so long as they are not munching through your joists Continue reading “How concerned should you be that the buyers’ surveyor has found woodworm?”
How concerned should you be that the buyers’ surveyor has found dry or wet rot?
Most of the rot problems in houses are caused by dry rot or wet rot (both names for types of fungus). Continue reading “How concerned should you be that the buyers’ surveyor has found dry or wet rot?”
How should you respond to a price renegotiation because the buyers’ surveyor has found damp problems?
The buyers’ surveyor will probably come armed with a moisture meter. He will put it into the wall and may report that he has detected rising damp. Continue reading “How should you respond to a price renegotiation because the buyers’ surveyor has found damp problems?”
What to do if your buyers renegotiate the price because of a ‘bad’ survey
Not all buyers have surveys. Quite a high proportion of buyers rely on their lenders’ mortgage valuation report Continue reading “What to do if your buyers renegotiate the price because of a ‘bad’ survey”