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Q. I am one of the executors for my late friend’s estate and have been given the responsibility of selling his house; can you give me some advice on the best way of moving forward on this? A. Before you do anything else you will need to get the property professionally valued regardless of your…
Q. Having never bought a property before could you run me by the procedure for the legal completion of the property? A. Completion usually happens around one or two weeks following exchange of contracts. On the day of the completion if you have financed the purchase with a lender, those funds should have been drawn…
Q. Help, I’m in absolute turmoil. I should have exchanged and completed on my house last week but unfortunately I am still here as it has been delayed because my buyers deposit has been held up with the Lender. They have a mortgage offer but it’s their deposit that is the issue. I am buying…
Q. Having made the decision to place my property on the market for sale, I already have an idea of the sort of price I would like to achieve. Having seen a couple of local agents for current market appraisals I feel disappointed with their suggested marketing figures, I feel I have a very sought…
Q. Why are off plan opportunities so much more expensive then the second hand re-sale market? I have a one bedroom that’s 5 years old but the same size unit on a similar new build development is on the market for £100,000 more than my apartment, surely that can’t be right? A. Off plan units…
After such a fantastic year last year, 2008 started a little shaky with talks of levelling out and possibly dropping. So where are we at now? Having experienced the craziness of last year, this year has certainly been a little shock to the system. Prices have remained static for the past few months, however over…
Q. I have an offer on my property but unfortunately the buyer has a property to sell! It’s such a good offer I’m reluctant to decline; do you think I should wait for him to sell? A. It really depends on your time frame for moving and whether the buyer has a saleable property. Your…
Q. I have asked my estate agent to mention in the property details that my apartment is ‘5 minutes’ from the station but my agent has said he is unable to say this, is this true and if so why? A. Yes, I’m afraid this is true. The property Misdescriptions Act 1991 prevents us saying…
Q. How long in real terms should it take to sell my apartment now I have gone under offer? A. As a rough guide we generally say around 6-8 weeks to exchange and complete. However, it can depend on a number of factors. As a rule freehold transactions are usually much easier to progress than…
Q. I plan to sell my house in the next couple of months, and recently had 4 local agents in to give me a current market appraisal. However, I was surprised to find that there was such a huge variation in their valuations. It’s left me feeling confused as to what my property is really…
