OUR INDUSTRY BLOG
Reason Number 2 – why house purchases often crash
Delays with the legal process - the conveyancing - are the second common cause of property deals falling apart. Here's how to improve your chances of success. SPEEDING UP THE LEGAL WORK A good, experienced solicitor/conveyancer can make all the difference to achieving...
read more Two Big Reasons Why Deals Collapse
Statistically there are two major culprits when it comes to deals falling through – mortgage problems and legal delays. Here are some tips to improve your chances of success by speeding up your mortgage (the following blog covers legal delays) . GETTING A QUICKER...
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Speeding up your purchase – before the deal falls through!
You now have one single overriding objective: to get to exchange of contracts as quickly as possible. Once you’ve exchanged you’re pretty much legally home and dry, and can afford to relax a little, but until then every extra day of unnecessary delay means a greater...
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Crunch Time – Pitching your offer & buying a property
Offers are normally made by phoning the estate agent, unless the property’s being sold privately. If there’s stiff competition to buy, you may decide not to beat about the bush and to offer the full asking price. But bear in mind it will be impossible to later reduce...
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Sealed bids – What they are & playing the game to win
Agents have another trick up their sleeves that’s guaranteed to boost prices when several buyers are after the same property. Going to ‘sealed bids’ involves asking all the hopeful purchasers to formally submit their ‘best and final offer’ confidentially in writing by...
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How To Find The Right Property For You
Finding the right property for you and your situation isn't the easiest thing to do and initially choosing a new home even sounds like fun. Snooping around other people’s houses promises at the very least to provide hours of cheap entertainment (judging by the number...
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Working Up An Offer – Paying the right price for the right property
Buying a property is a nerve-wracking business at the best of times, but now we come to the crunch – pitching your offer. By now, after weeks or months of gruelling house-hunting, you probably have a pretty shrewd idea how much you’re prepared to pay. But the process...
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When To Consider Paying A Higher Price For A Property
When can you justify paying a higher price for a property? A higher sale price is sometimes justified by sellers who make a point of telling you how much they’ve spent on various improvements. But as we saw in previous posts, what’s been spent doesn’t necessarily...
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Buying A Flat Over A Commercial Premises
If you’re on a tight budget, buying a flat above a parade of shops should make your money go further. Depending on the type of business underneath, you can save between 10 and 20 per cent of the price of an equivalent property on a local residential street. You’re...
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Share Of Freehold Properties – What you need to know!
Estate agents often trumpet the fact a flat is being sold with ‘a share of the freehold’. This doesn’t mean the flat itself is freehold – that would be bad news, as mortgage lenders won’t lend on freehold flats. What it usually means is that the freehold of the block...
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