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  • FIRST POST
    • teamsnail
    • By teamsnail 2nd Dec 17, 11:33 AM
    • 1Posts
    • 0Thanks
    teamsnail
    Buying a PRC home
    • #1
    • 2nd Dec 17, 11:33 AM
    Buying a PRC home 2nd Dec 17 at 11:33 AM
    Hello!

    I am a first time buyer trying to buy a house that is a repaired PRC home. At first the vendor did not have an acceptable certificate but has now paid for one that the lender has accepted. However the lender has come back asking for another document to be completed! I am worried now that I might struggle to sell the house in the future if it is so much hassle now.

    I am looking for some advice really on how sellable repaired PRC homes are, if anyone has had any previous experience? We would be looking to move in three years time up to Scotland so this really is our first starter home to get us on the property ladder. Obviously if they are hard to sell, it might be time for us to reconsider given the time frame.

    Thanks in advance!
Page 1
    • stator
    • By stator 2nd Dec 17, 12:10 PM
    • 5,908 Posts
    • 3,891 Thanks
    stator
    • #2
    • 2nd Dec 17, 12:10 PM
    • #2
    • 2nd Dec 17, 12:10 PM
    It will be harder to sell, all PRC homes are.
    If you can afford a non PRC home, it would be easier to sell on.

    If you can't afford a non PRC home that you are happy with, then a PRC home is worth considering. IT's better than renting.

    Just make sure you keep all the paperwork for when you need to sell it.
    Also get a proper inspection done by an expect in that type of house, don't hire a normal surveyor.

    At the end of the day you will always be able to sell a PRC house (as long as it's not falling down). Even if it can't be sold to a FTB, there will be a cash buyer looking for bargains to rent out.
    Changing the world, one sarcastic comment at a time.
    • Cakeguts
    • By Cakeguts 2nd Dec 17, 5:50 PM
    • 3,280 Posts
    • 4,573 Thanks
    Cakeguts
    • #3
    • 2nd Dec 17, 5:50 PM
    • #3
    • 2nd Dec 17, 5:50 PM
    If you buy a house with a problem cheaply you just have to remember that you will sell it cheaply as well.
    • Tom99
    • By Tom99 2nd Dec 17, 6:17 PM
    • 682 Posts
    • 407 Thanks
    Tom99
    • #4
    • 2nd Dec 17, 6:17 PM
    • #4
    • 2nd Dec 17, 6:17 PM
    It will probably be on an estate of other such houses so look up how many have sold and for how much.
    • DREKLY
    • By DREKLY 2nd Dec 17, 10:15 PM
    • 141 Posts
    • 109 Thanks
    DREKLY
    • #5
    • 2nd Dec 17, 10:15 PM
    • #5
    • 2nd Dec 17, 10:15 PM
    Hi Teamsnail, is it like << one of these ?
    This is PRC Cornish Unit, 55yrs old, still standing,
    massively over engineered, no obvious defects,
    just not as well insulated as today's standards require,
    so a little more expensive to heat.

    But of course, thanks to Maggie Thatcher in 1985,
    now considered a "defective building" as not to conventional
    building standards.
    Previous owner was cash buyer, as I was, there are plenty
    out there who will do the same, as they are cheaper than a
    conventional bricks and mortar property!
    Good luck with your purchase
    16 x Enhance 250w panels + SolarEdge Inverter + TREES
    • Davesnave
    • By Davesnave 3rd Dec 17, 8:27 AM
    • 23,697 Posts
    • 89,668 Thanks
    Davesnave
    • #6
    • 3rd Dec 17, 8:27 AM
    • #6
    • 3rd Dec 17, 8:27 AM
    ....not as well insulated as today's standards require,
    so a little more expensive to heat.

    But of course, thanks to Maggie Thatcher in 1985,
    now considered a "defective building" as not to conventional
    building standards.
    Originally posted by DREKLY
    Top marks for spin, but casting Maggie in the role of Protector of the Planet might be taking it a little too far!
    'A society grows great when old men plant trees whose shade they'll never sit in.'
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