Are purchasers regularly gazumped in Burghfield Common?
This is common both in Burghfield Common, and across Berkshire and happens when a seller accepts a purchaser's offer, only to reject it in favour of a greater offer. Although gazumping is less common in a declining market, there will always be a chance. You should instruct your solicitor as soon as you can to reduce the chance of gazumping.
For a fast conveyancing process to buy a £ 552,000 home, what can we do to speed up the transaction?
Key to a faster move is to employing a proactive, diligent property lawyer. Furthermore, there are several tasks you can also do to accelerate the legal work, such as, calling or emailing your property lawyer, and chase them if you suspect any delays, answering any queries raised by your property lawyer as soon as possible and organising your finances, including arranging a mortgage.
Do we need to get a home buyers survey?
It is strongly advised that all purchasers book an inspection. There are a range of problems that affect a property, that a solicitor will be unable to address. These include chimney defects.
Please advise how to get out of paying for stamp duty in Burghfield Common?
Stamp duty mitigation is not recommended, as such schemes are expensive and , if the scheme fails, you may be charged a penalty of up to 100% of the stamp duty amount owed. There have been a small number of legal initiatives, such as higher thresholds for first-time buyers.
What specific things do I need to look out for if I’m buying a house on the coast?
With worsening weather and floods now becoming increasingly commonplace, with the media remarking on it in depth, buying a property that has a likelihood of flooding is a difficult decision to make. Not only is there the issue of cleaning up if it does flood, but insurance premiums will be much higher (and perhaps even prohibitive).
For homes in coastal areas, there is also the problem of coastal erosion, where some properties have been seen to literally fall into the sea.
However, the good news is that picking a home in a coastal region doesn’t automatically mean that it’s going to be subject to flooding or that it’s eventually going to slip into the sea. The searches ordered by your conveyancing solicitor will identify the level of risk associated with the property and, based on this, your solicitor may recommend that you take out specialist reports (e.g. from Landmark or other organisations) to get a more in-depth description of the risks and options. These are in addition to the standard set and will be charged to you as a disbursement at cost.
Your surveyor will also be able to identify evidence of previous floods and other problems during their inspection and provide advice in their report. If the problems are considered sufficiently severe, the surveyor may also note the specifics for further investigation by your conveyancing solicitor.