purchased in april, selling again in august

lillypoo

hi

im viewing a property i the coming week which went on the market in august. 
its close to a river so i went on to the land registry site and downloaded all available reports
0.01% chance of flooding

HOWEVER
current owner/vendor only purchased the house in april of this year. i managed to find the 'on the market' photos from the previous sale and nothing apears to have changed.

should i ask certain questions of the EA? 

diggingdude

Ask why they are selling, take everything with a pinch of salt, do you own research

Greatgimp

Neighbours, road noise, proximity to shops, school, industry, electric substation, marriage/kids/money problems, could be anything but you may never find out until you move in.

Mickygg

Do some research. A house near ours sold 6 months after buying due to a divorce.

But as above take whatever you are told by EA with pinch of salt. If they are moving because of terrible neighbours, awful area or mould issues they of course won’t tell anybody that. 

Speak to neighbours, check property out at different times of day with lots of drive bys, inspect house really closely, get full building surveys as suggestions to start with.

Blue_bell_20

A house down the road from us sold again 10months later (December 2019, October 2020). The sellers increased the price by 25k and it sold within days, so maybe it was for profit, or possibly the neighbours. We’ve walked by a few times and the neighbours are quite loud. It could be a third unknown reason (covid, job loss, divorce, etc).

jimbog

neighbours/vermin (as next to river)/loss of jobs/relationship breakdown

GDB2222

lillypoo said:

hi

im viewing a property i the coming week which went on the market in august. 
its close to a river so i went on to the land registry site and downloaded all available reports
0.01% chance of flooding

HOWEVER
current owner/vendor only purchased the house in april of this year. i managed to find the 'on the market' photos from the previous sale and nothing apears to have changed.

should i ask certain questions of the EA? 

0.01% chance of flooding  

That's very good. We are halfway up a hill, nearly a mile from the nearest stream, and our report only says:
"Very low risk.  Very low risk means that each year this area has a chance of flooding of less than 0.1%."

I'm quite surprised that your chance, next to a river, is 10 times smaller.

clive0510

find out if the current owner had a survey. are you planning to have a survey. we had no survey on this place, but then when we bought it it was a shed, for what in those days was a years salary and I'm still here 36 yrs later. I assume your situation is different to that. but yes certainly do your research and also get that survey.

Mickygg

GDB2222 said:

lillypoo said:

hi

im viewing a property i the coming week which went on the market in august. 
its close to a river so i went on to the land registry site and downloaded all available reports
0.01% chance of flooding

HOWEVER
current owner/vendor only purchased the house in april of this year. i managed to find the 'on the market' photos from the previous sale and nothing apears to have changed.

should i ask certain questions of the EA? 

0.01% chance of flooding  

That's very good. We are halfway up a hill, nearly a mile from the nearest stream, and our report only says:
"Very low risk.  Very low risk means that each year this area has a chance of flooding of less than 0.1%."

I'm quite surprised that your chance, next to a river, is 10 times smaller.

That’s what I thought as well. I’m Not sure what OP classes as near though. However being 0.01% is basically no chance of flooding which seems wrong. My old house was up high on top of a hill and that was much higher chance of flooding. 

AdrianC

jimbog said:

neighbours/vermin

Is that one thing or two?

Mutton_Geoff

One of the three "D"'s? Death, debt or divorce?