7. That you can negotiate estate agent fees.
When selling a property to buy the next one, you may want to negotiate down the agent’s fees. Remember, buyers are in short supply right now. You could also offer the agent a staggered rate of commission, to incentivise them to get the maximum possible for your property sale. Bear in mind, however, that if you are too aggressive with your negotiation, the agent may not feel motivated to really push your property to buyers.
8. That ignorance is bliss.
The estate agent must make sure that all marketing material is accurate and disclose any information they are aware of, such as an extension that doesn’t have planning permission or sales falling through because of subsidence or Japanese knotweed. But if they don’t know, they won’t accept responsibility for what you discover later. Look carefully when you are viewing, find out about anything that rings alarm bells and get a thorough survey.
9. How to get the most out of your survey.
According to the HomeOwners Alliance Only 20% of homebuyers get a professional survey done - and many of those who do feel the surveyor does little more than a cursory inspection of the property. But done thoroughly by a surveyor who comes recommended by people you know and trust, a survey can provide you with a vital bargaining chip if essential and costly repair works are identified. It is very important to have a survey done on any property you want to buy. Make sure you flag up areas of concern with the surveyor before they visit the property and ideally walk around it with them. The type of survey you choose will depend on the age and condition of the property. Never stint - you could end up paying many times more if you get an inadequate survey that fails to flag up a big problem.
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