Page 37 - Redbriik: Property and Lifestyle Magazine Summer 2019
P. 37

                 Q: How long has the property been on the market?
Q: Why do you think it hasn’t sold? Q: Do the vendors need to buy on?
What are their timescales?
Q: What price are the vendors after? Q: What’s included in the sale?
Q: What are the average running costs? Q: Is it on a water meter?
Q: Is it Freehold or Leasehold? How long is the lease? Do you have a copy of the Leasehold Agreement?
Q: What are the service charges? What are the ground rent charges?
Q: Are there any covenants in the Leasehold Agreement?
Q: Are there any other charges you need to be made aware of?
Q: Has the vendor done any alterations? Were they done to building control standards?
View lots of houses. Look at them in the daylight and at night and drive around
the area at different times of the day to see whether it’s right for you.
Once you’ve found the house of your dreams, it’s time to speak to the estate agent and put forward your offer. If it’s lower than the asking price, explain the reason for this. Confirm who will be buying the property including names and addresses, tell them your buying position and how you plan to finance the purchase. Typically, the most popular buyers are:
1. First-time buyers with nothing to sell, or cash buyers – dream buyers!
2. Sold subject to contract – the next best thing.
3. Property to sell on the market - you could ask the vendor to give you time to sell and work with your agent to generate more interest.
4. Not on the market with a property
to sell - less attractive unless you’re
in a very highly sought-after area and you know that as soon as your property goes on the market you will sell that week. Your offer needs to be attractive for the vendor to wait for you.

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