Time and time again, home buyers often believe that finding the right property to buy and negotiating on price is the difficult part of the purchasing process. But there are sometimes other hurdles which can materialise and stand between you first finding and then knowing how to buy the perfect property.
Purchasing a listed property offers different challenges and attractions. Listed properties can cause concern for some buyers, especially those who are fearful of restrictions and bureaucracy; but they are usually in place to protect the look and structure of the building. However, by researching how English Heritage works and planning empathetically/liaising with local conservation officers, modern and innovate improvements can be built into the oldest of buildings.
I have noticed that some sellers like to build upon an ‘Overage Clause’, as it is a way of gaining back some of the profit a future owner may generate from developing part or all of the property or plot. It is therefore important to have an understanding of any or all such clauses early on so as to avoid unwelcome surprises at a later stage. Where possible these will need to be negotiated out of the contract at offer stage.
Too much emotion
When you buy a house, you’re buying into more than just the bricks and mortar. You are making an active decision to invest in a home, which matches your lifestyle. Buying a home is a very important decision, and as such needs careful thought and consideration. Do remember that whilst your future home is a long term commitment, the relationship with the seller is not – After all you are not buying into a new best friend!
If you are considering buying a property and would value support overcoming the inevitable challenges that can be associated with finding, negotiating and completing a purchase, contact Garrington Property Finders today to find out how we can assist you in purchasing your dream property.