Discussion in 'General Chat' started by mjn, Sep 6, 2005.
First time buyers, just looking for any pitfalls really, that we may have missed!
Get a thorough surveyors report and try and accumulate a vast budget for the things you forget you are going to need.
The finalising bit of the deal can be stressful- be careful to check the process regularly but don't yell at people if it seems to be taking a while- it just does. Make sure that your legal aspects are all covered- right of way etc.
You might also want to look for removal quotes now as well.
legally the sellers have to tell if they have had any disputes with any of the neighbours, maybe you shoudl find this out? also make a few trips down there at night time, and check out if it is noisy etc , best of luck!
if they haven't already, ask the agents and owners to take the house off the market and not to show anyone else around.
Triple-check that both sets of attorneys have the correct details of both parties. Our exchange day got delayed several times because attorneys screwed up the paperwork. One clown-show spelt our surname incorrectly 3 times.......
Thanks, will keep that in mind!
No chance of showing anybody else round the house, the seller has gone to Crypus for a week! He's moving out there, which is the reason he's selling.
Get a list of everything they intend to take or will leave.
Some estate agents have pro formas so the seller shouldn't be offended by thinking it's something you have dreamed up because you don't trust them.
This list will cover things you may have agreed upon such as carpets, curtains etc. But will also cover things you may not have thought of - or expected, like shrubs, plants, strips of lawn?, light bulbs, door knobs even removable wallpaper.
I have heard of these things happening.
If you complete a list there will be no misunderstandings. You can make a joke of it and blame the estate agent/solicitor for making you do it.
Congrats and good luck
This list of everything that will remain with the house will come up in your solicitors requirements anyway, its a legal document that has to be carried out. Once this is done, then you can ask to buy something that you would like you know he is taking away.
However, when purchasing for the first time, things that I just didn't think off that I wish I had.... does it have central heating (I spent 11 years freezing in winters as no body was interested in the job, too difficult), if not get a quote in so you know what it is going to cost. Does it have double glazing? These make huge differences.
What council tax band are they so you know what mandatory bills to expect!
Have they had any works done on the property over the last two years and if so what, and do they have the relevant certificates. Whilst this may be more their problem than yours, had I known I needed all of this when I was selling my first pad, it would not have taken me 9 months to complete - it was a hugh learning curve.
Find out if it is freehold or leasehold. If leasehold what are the annual costs i.e. insurance, ground rent and maintenance (if any). Some leasehold properties wont allow you animals, so if you want any, get it checked out.
Check out to make sure you have full access to the garden (if it has one - as I didn't have any legal access to my own garden).
Full reports on the house are definately a must to find out if there are any major problems, but try not to take it right to its last word, as most surveyors really got to town so they don't get any come back with claims after. i.e. you would think the house was falling down, but you'll find that will happen with most.
Most of all remember that nothing is bullet proof. Whenever you buy a new pad you will always find problems arise that will really irritate you, but just try and put a little money aside for such events so you don't have any little surprises.
I was going to point this out....
I sh*t myself thinking that the roof was going to cave in and the chimny was going to fall off...
I asked him on the phone, what I really had to do to these. He just said keep an eye on these as the problems were "historic" and there was no issue now.
Serves me right for buying a 1890's cottage!!!
Yeah, pretty much already done whats been listed above! So it should be smooth sailing now.....if the solictors actually do anything!
I've just sold my house an was amazed to find that the surveyor had told the mortgage company that the house would need to be checked by a Structual Engineer.
Anyway, he came out, found nothing wrong with the house at all (which I already knew ) - when I as talking to him he says he's getting a lot of this type of work as the surveyors are so worried about getting sued in the future that even the slighest crack in the motar can be enough to demand a structural engineer
Am in the same boat myself - though waiting for the offer to be accepted!!
Have gone for a discount that takes it below the magic number for 1% stamp duty - and considering coming to a further financial arrangement with the vendor where I save on the additional stamp duty and he saves on the additional estate agent's commission..... anyone else done this / how did you go about it???
I'm pretty sure that there are measures in place to try and stop people doing 'deals' to avoid stamp duty by, for example, making sure that the vendor lists exactly what is being left in the property so it's taken into account for the valuation so you don't try to get the house for say 10K less and the pay the owner seperately for 'fixtures and fittings'.
The details I've had to give go to the far end of fart in specifiying what is included in the sale price right down to the picture hooks
Yeah, there is now a legal document which has to be completed, to stop people "paying" just under the stamp duty threshold, and then handing over the rest in cash.
Separate names with a comma.