Forum Replies Created
Sounds good. thanks.
I am looking at a property which is current owned by (appears to be) a company – I assume it’s an investment company – so may be they want to sell to do something else.. May be they need to comply with some new council stuff.
Thanks for reply again.that is strange, you need to do some investigation with investment properties, actual with any property…
also take out insurance starting the day you take possession of the house.you get your solicitor to do searches for you… solicitors should be able to help with anything else to put into contract… my experience is don’t do the legal yourself, it’s their bread & butter so they know more than us.
there are many reasons that people sell houses:
– need money for something else
– can’t afford the morgage
– deceased estate
– partnership falling apart
– etc…The other you need to put in would be building inspection, if the property is not structurally sound then would be able to back away.
I think auctions are usually not subject to anything (unless you agree with vendor) so be extra careful
Also search is important to avoid future road/rails/etc.. running through the property.if your contract stipulates “subject to finance approval” then the bank needs to do an evaluation on it.. if it comes back much lower than your contract offer then the bank is unlikely to approve the loan so we can then ‘walk’ away. bank emails are usually conservative (so I was told) so you will be on safe side.
