Should I list my property with more than one estate agent?
The choice is entirely up to you and your specific circumstances. Going with a sole agent is probably the cheapest option (although the reach to buyers is dependent on how many clients are on their books), while multiple agents will be more expensive (but will reach a broader client base).
If you’re looking for a quick sale or the market is rather sluggish, it makes sense to put your property on with a number of agents. If the market is buoyant, it makes more sense to place the property with a sole agent.
Whichever you choose, you should always check the terms and conditions so that you know what service you’re getting for your money and how much it will cost you once the home is sold. You should also understand if there are penalties should you decide to place the property with more or fewer agents later on during the agreement period.
Is it recommended that I get searches for chancel liability? We are buying a flat in Great Shelford.
Some owners in Great Shelford can be required to contribute towards maintenance of churches. Insurance may be available to protect a buyer should a Great Shelford Parochial Church Council enforce liability. Great Shelford ecclesiastical properties include St Mary the Virgin.
What will the searches cost?
The cost of conveyancing searches does vary greatly, subject to the searches your lender requires. Searches are disbursements paid to a third party.
Flood searches may be standard procedure but in light of recent weather changes, such as the fact that 2012 was second wettest year since records began, are they sufficient to find out enough about the Great Shelford future flood risk?
A competent property lawyer in Great Shelford will suggest that you get additional conveyancing and environmental searches if the standard conveyancing searches identifies a significant risk of flooding in Great Shelford.
You could always get in touch with a neighbour of the property for that more insight.
How much is the council tax on a residential end of terrace Band E house in Great Shelford?
The council tax band will in most cases be reported as part of the conveyancer's title report along with the governing local authority. The latest tax rates for residents of Great Shelford are set out in detail on the Cambridge council website. At the time of writing, 24 January 2013, the rates are:
- Band A - £986.00
- Band B - £1,150.00
- Band C - £1,315.00
- Band D - £1,479.00
- Band E - £1,808.00
- Band F - £2,136.00
- Band G - £2,465.00
- Band H - £2,958.00
How much effort is it to sort out a house in multiple occupancy (HMO)?
A house in multiple occupancy is defined as a property where at least three tenants live forming more than one household (one person or more living together), but share kitchen and bathroom facilities.
As a landlord of an HMO, your responsibilities include ensuring proper fire safety measures are in place, gas safety checks are completed annually, the electric system is checked every five years, there are sufficient bathroom and kitchen facilities for everyone to comfortably use, communal areas are kept clean and safe to use, and waste disposal is managed effectively (provision of bins and bags).
This requires more effort than having a property to rent to one household, and you may wish to employ a solicitor to sort out the legal side of things in the first instance, and a property management company to handle the administration, disputes, etc. on a daily basis.
Homeward Legal's experienced solicitors have completed many different transactions including properties for HMOs. Why not give us a quick call now on 0800 038 6699 to get your conveyancing under way today?
For fast legal work on the purchase of a £951,000 property, what can we do to accelerate our move?
Crucial to a faster move is to instruct a proactive lawyer. Ask these questions when identifying your conveyancer:
- Do they offer 'instant' online quotes?
- Are phone, fax and email their preferred methods of contact
- How soon will they order searches?