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Due Diligence
Comments
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Thanks for the suggestions. I’ve got a lot of homework to do!0
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At the end of the day, you can never be 100% sure. Stressing about it doesn't help.
If you wanted to be sure that everything is "perfect" you'd never buy anything. And of course perfection comes with a price tag.
The best you can do is to check out the main things that are important to you. If the worst comes to the worst you can always sell it and move somewhere else.0 -
I didn't have a clue when I bought, really. I did the things I thought I should be doing but didn't know what I didn't know, IYSWIM. I was just incredibly fortunate that my mortgage advisor was brilliant & sorted out a decent homebuyers survey as part of their valuation & then also helped me get in touch with an independent damp & timber surveyor when that was recommended, even though the mortgage company didn't need it. She helped me go through the Homebuyers report & explained what I should look into & what wasn't an issue.
Secondly, my solicitor was even more incredible. He checked & queried eveeything, dotted every i & crossed every t. He even called the EA & gave her an earbashing when they kept pressuring me after the 2nd survey. I also got fed up with her, & threatened to pull out if I didn't get a £3k reduction.
Both knew that I was buying alone, without any family or friends to support, so did a bit extra, I guess.
Lastly, I just got lucky that there wasn't anything drastically, unexpectedly, wrong with the house - I knew I was going to have to get a new roof, new boiler, update the fuse board, sort out the rotting lounge floorboards & cellar (which was all priced into my offer) but nothing more than that was needed, thankfully.0 -
Good point, I think I have checked the things that are most important to me already but could do so more thoroughly and get familiar with the area and neighbours, do a quick google etc.0
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Novice investor, your mortgage advisor and solicitor sound excellent, would you mind messaging me their details?0
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