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Showing posts from June, 2012

How do I speed up the process of selling my home?

What can you do to sell your home fast once you have received an offer?
Dealing with the legal formalities involved in selling a house should be straightforward and relatively cheap.  The problem is that not many homeowners prepare for the sale sufficiently and unfortunately there are not too many agents around who are willing to help.
Here are my tips and ones guaranteed to speed up the process:
Get together for production all of the guarantees and warranties relating to work undertaken to the property.If you have altered or extended the  property find the planning consents and building regulation documents.  This extends to boiler installation and electrical work. Remember the buyer will also be interested in seeing consents, approvals, completion certificates, guarantees in connection with work carried our before you became owners.   The solicitors who acted for you when you purchased the property may still be holding these. Check with them.If you are not sure whether alteration and…

Don't buy leasehold property without reading this...

Buying a leasehold property is not as straightforward as you might think.    Nor is it cheap.   You need to make sure the selling agent specializes in this type of property, and you are given all relevant information so you can make an informed decision.  
Look out for the hidden costs. 
Most leasehold properties include common and or shared areas and responsibility along with the cost of maintaining these parts is shared between the tenants.   The expense is called a service charge and this can often be high and burdensome.   
Often responsibility for collecting the service charge rests with a commercial agent or Management Company.  Upon completion of your purchase the agent or Management Company will expect you to pay a fee for lodging notice of your new ownership as well as your mortgage.   They may also require you to enter into an agreement with them direct to make sure you take over responsibility for payment of the service charge.   They may require you to pay an additional fee…