Am I over researching when house buying

suzipp

I am in the process of finding a property but confused of the correct way of going about it.
I have offered asking price and not been successful. I have offered then found problems so withdrew. I have found properties I like but due to past experiences of withdrawing from offers, which I hated doing, I spend time researching with the risk of the property having an offer accepted on it prior to completing my search. Also, finding out before offer being accepted saves money on solicitors and survey should things be not right with the purchase.

How does the forum go about buying and have they regretted not researching prior to purchase?

Doozergirl

What are you researching/finding that means finding problems before you've hired professional solicitors and surveyors to do the actual due diligence for you?

I'm not entirely sure what you're asking.

suzipp

Hi
Researching the area/property prior to making an offer...rights of way over the land, land ownership, local plan for development, drainage, noticing drainage from neighbour onto land, anything which may cause issue with purchasing the property and could be expensive to correct or be charged by solicitor later down the line should I withdraw. Rather than just seeing the aesthetics of the building and offering straight off.

Doozergirl

You think that drainage coming from the neighbours is a problem?

The local development plan is a massive document that must cover some significant acreage of land. How many times does one need to read it?

I don't think there's anything wrong with research, but I do think that you need to know what to do with the knowledge you gain. Let ts of people just run scared because they don't know the answers to these issues or they can't see that a survey is a working document, not something for a tick in a box and then the filing cabinet. The survey points to remedies.

No house is perfect, they all need maintenance sooner or later, they all come with some form of compromise; I bet even Branson has neighbour issues somewhere. You can't homework your way out of potential issues; more genuine knowledge probably reduces what is perceived to be an issue because you know how to solve those issues. And that's the stuff you learn mainly by owning a property.

Homework doesn't replace the experience of living somewhere. Half the battle is won by having good neighbours anyway.