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Posts: 78 Forumite
Hi everyone
I'm a FTB and have seen a new build property that i like and am interested in making an offer. However, the estate agent has provided little concrete information apart from the advert from their site. I would think that a potential offer can only be made if things like inventory, EPC, land map etc are actually provided, otherwise how can i work out what i think the property is actually worth to me. As an example the agent said that agarage (off to the side with other garages in a block) is included, but that's not in the advert and without extra information i cannot tell whether the agent is being truthful.
Am i right in my thinking or do these things get provided after an initial offer?
Cheers
I'm a FTB and have seen a new build property that i like and am interested in making an offer. However, the estate agent has provided little concrete information apart from the advert from their site. I would think that a potential offer can only be made if things like inventory, EPC, land map etc are actually provided, otherwise how can i work out what i think the property is actually worth to me. As an example the agent said that agarage (off to the side with other garages in a block) is included, but that's not in the advert and without extra information i cannot tell whether the agent is being truthful.
Am i right in my thinking or do these things get provided after an initial offer?
Cheers
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Comments
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The ea has no reason to lie, once an offer has been made & accepted it will be the job of your solicitor to check over the purchase details. Even with older homes the ea wouldn't necessary have all the details relating to a property, they can only go by what the vendor tells them. If it's a new build then it would come with some guarantees like NHBC certificate. If the property has previously been lived in then you can ask questions of the vendor, via the ea, about things you're not too sure of in relation to the sale.
You would base your offer on what a similar or comparable property has recently sold for or what you personally feel happy paying for property in question.The bigger the bargain, the better I feel.
I should mention that there's only one of me, don't confuse me with others of the same name.0 -
If EAs lips moving assume they are lyingYou can ask for confirmation in writing e.g. email. They your solicitor will examine legal documents during purchase process.Happiness is buying an item and then not checking its price after a month to discover it was reduced further.0
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Thank you cattie, I understand that but i feel that i have no idea what i am actually bidding for, especially with the property not 100% finished. My worry is also that they are asking for a holding deposit of £1k if i offer.0
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movilogo said:If EAs lips moving assume they are lyingYou can ask for confirmation in writing e.g. email. They your solicitor will examine legal documents during purchase process.
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What do you mean by "not 100% finished"? Is it a newbuild property? It's not normal for there to be a "holding deposit" for other types of property, I wouldn't hand any money over at this stage.0
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davidmcn said:What do you mean by "not 100% finished"? Is it a newbuild property? It's not normal for there to be a "holding deposit" for other types of property, I wouldn't hand any money over at this stage.
it was around 98% finished, so thing like adding all the wall sockets, adding in a few paving stones on the drive etc were still needed to be done. They were actively working while we visited. The EA said that if i make an offer then to secure exclusivity i would need to give the holding deposit.
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