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Q. We have just made a formal offer on an apartment we viewed over the weekend but have been told by our estate agent that they have had two other offers come forward both from chain free buyers like ourselves and that the vendors have decided they would like to go to sealed bids. Being…
Q. My property has just been down valued by the surveyor who carried out the mortgage valuation last week. Is there any thing I can do about this? A. Down Valuations are the Bain of estate agents. Unfortunately from time to time this does happen. Surveyors rely on comparable evidence from other completed sales that…
Q. I am thinking of offering on a house I viewed over the weekend but am slightly concerned as it has an extension which I understand the seller did not get planning permission for. Should I be concerned over this? A. If planning permission is needed and not obtained it is possible for the local…
Q. I am buying a period property and have just had my Survey report back. Unfortunately, there appears to be a number of problems including a problem with rising damp and woodworm, and it appears it may also need a new roof. I really love the property but am right at the top of my…
Q. I recently decided to sell my property and was astounded to receive an offer for the full asking price within 3 hours of placing the property on the market. I am now having second thoughts with regards to accepting it as I am slightly weary that the estate agent may of under valued? Do…
Q. I am trying to sell my property, but becoming increasingly frustrated as I am marketing at £265,000 but have so far received no offers over £250,000! The feedback from my agent is that no buyer is prepared to offer above £250,000 because of the increase in stamp duty above that level. A friend has…
Q. I really want to get my foot on the property ladder but am feeling somewhat apprehensive with all the talk of interest rates rising yet again and another possible leap in property prices after the 1st of June once the Home information Packs come into force, what’s your opinion? A. Talking to buyers this…
Q. I own an investment property which is managed by my local agent and am feeling confused with all the notification about the new Tenancy Deposit Protection, can you advise? A. From 6th April 2007 new Government Legislation stipulates that all deposits taken by Landlords/Agents for a new let on an Assured Shorthold Tenancy must…
Q. I am selling a property for the first time and not sure whether I should instruct one or more agents to sell, can you advise what is the usual procedure and the difference between a sole or a multi agency agreement. A. There are actually three types of agency agreements available: The first and…
Q. I have just exchanged contracts on a property that I intend to rent out. I need to furnish it but am really busy at work and my agent has suggested I use a recommended furniture package supplier, is this something you would recommend? A. To meet today’s demands from Landlords, furniture package companies have…
