Everything about real estate business


Your Property Buying Worries Revealed

Buying a house can be a really stressfuland construction and was built in the
time. It's the biggest purchase you'lllast 30 years, this will probably be
probably ever make, plus it's afine for you.
difficult process to go through. AndThe survey will establish if there are
when you have found the right home,any major problems to be worried about,
there's sometimes a little voice at theand whether or not the property is worth
back of your head saying "what ifwhat you have agreed to pay.
something goes wrong?"If it's an unusual house, you will need
Are you justified having these fears? Ora building survey, which is much more
is buying a house actually no worse thanexpensive but considerably more detailed
trying to sell property?(and will spot any serious structural
We look at some of the worries you havedefects).
and what you can do to fix them.Another fear of people buying a property
First off the obvious ones, caused byis that they will move near the
the seller. They may gazump you, whichneighbours from hell. And for good
is where they accept your offer for thereason. A survey by the Halifax out this
house then later accept a higher offerweek revealed that a quarter of us have
and reject yours. This is perfectlyhad neighbourly disputes.
legal as the price of the property isThe biggest problem quoted was noise,
only fixed on the day contracts aretopping the poll with more a quarter of
exchanged.people blaming it for a dispute.
The seller can also throw a spanner inA disagreement over boundaries was the
the works by withdrawing theirnext biggest complaint, affecting 14 per
acceptance of the offer, for example ifcent of people. And then pets and
they have changed their mind aboutparking were considered issues.
moving. They can even accept more thanThese are one thing, but here's a
one offer, in what's known as a contractstatistic likely to strike fear into
race. The first buyer to complete getsanyone buying property. Eight per cent
the house. Amazingly, this is legal.of complaints in the survey were caused
Another concern is that there will beby antisocial behaviour, other than
something wrong with the actualnoise. The behaviour of children caused
structure of the building itself. Theseven per cent of complaints, while
fear of subsidence or damp is a genuinerubbish was only an issue for two per
one - it happens and can be financiallycent of complaints.
ruinous if it strikes your property.More women than men admitted having a
The answer of course is simple anddispute with their neighbours in the
relatively inexpensive. You should get alast 12 months - 34% of women compared
full property survey done on anyto 29% of men. And women were more
building you are thinking of buying.likely to complain about antisocial
Surprisingly, it's estimated only one inbehaviour, whereas almost three in ten
five people do this when buying a home,men who had disputes admitted it was
perhaps because they think the mortgagebecause of noise.
survey is enough.Scared you yet? There are ways to fix
But the mortgage survey is there just tothe problem of falling out with your
establish that the house is worth atneighbours. There are free mediation
least as much as is being loaned on it.services available, and you can also ask
For full peace of mind you shouldyour local authority's environmental
consider getting a homebuyer's report.health officer to look into noise
If your property is of conventional typeproblems.



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