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  • FIRST POST
    • RedRuby
    • By RedRuby 10th May 18, 2:28 PM
    • 102Posts
    • 71Thanks
    RedRuby
    Why aren't properties advertised with all the key facts?
    • #1
    • 10th May 18, 2:28 PM
    Why aren't properties advertised with all the key facts? 10th May 18 at 2:28 PM
    After coming off of a sale falling through, I'm tentatively dipping my toe in the market again.

    This time I'm much more wary when looking at properties online and its really annoying me that a lot of properties are marketed without the relevant facts displayed.

    I think it should be mandatory for marketed properties to display

    If they are freehold or leasehold

    If leasehold, how long the lease is and the number of years remaining.

    How much the service charges are

    How much the ground rent is

    Council tax band

    A floorplan with detailed measurements

    What floor the property is on

    The number of ads I've seen where this basic information isn't listed or they are awaiting this information is ridiculous. It just makes it easier all round if this information is displayed prominently so I can assess if it is suitable.
Page 2
    • NaughtiusMaximus
    • By NaughtiusMaximus 10th May 18, 4:48 PM
    • 1,355 Posts
    • 3,288 Thanks
    NaughtiusMaximus
    No mate, the only logical conclusion is that you're completely unaware of the principle of caveat emptor.
    Originally posted by ReadingTim
    I am fully aware of it 'mate'.

    The concept of buyer beware also applies to buying services, such as paying an EA to market the most valuable asset I own. When I sell a property I'm inclined to avoid those EAs who routinely produce shoddy, unprofessional listings which don't convey the basic information a potential buyer would be interested in.
    • dunroving
    • By dunroving 10th May 18, 5:46 PM
    • 1,377 Posts
    • 971 Thanks
    dunroving
    Sorry, my current country uses imperial units. I usually remember to switch to UK equivalent terms but forgot this time!
    Originally posted by Quizzical Squirrel
    I still use imperial units after 25 years in the States. Fahrenheit, pounds, feet and inches, etc. I figure it helps others to exercise their mental agility.
    (Nearly) dunroving
    • moneyistooshorttomention
    • By moneyistooshorttomention 10th May 18, 6:21 PM
    • 17,153 Posts
    • 47,433 Thanks
    moneyistooshorttomention
    Square metres x 10. [approx.]
    Originally posted by dunroving
    I wondered what on earth that comment was about. People are entitled to operate in whichever set of measurements they wish.

    Me - I operate in feet and there is a very handy "gadget" online (ie google "online calculator" and I've not bothered to buy a new calculator now that I've discovered that one).

    Though I'll admit my main use for that "gadget" tends to be when someone describes the weight of someone in kilogrammes. At which point - out comes the calculator and I convert to lbs, then divide the lbs by 14 and think "Oh yes they are, for instance 11-12 stones and will be describing themselves as size 14 - but are actually size 18 (ie if clothes weren't all vanity-sized these days). Gotcha now - I know what the article means".
    Last edited by moneyistooshorttomention; 10-05-2018 at 6:28 PM.
    Never doubt that a small group of people can change the world. It's the only thing that ever has.

    Extinction Rebellion
    • AdrianC
    • By AdrianC 10th May 18, 6:52 PM
    • 19,152 Posts
    • 17,574 Thanks
    AdrianC
    People are entitled to operate in whichever set of measurements they wish.
    Originally posted by moneyistooshorttomention
    ...and that's why this country is such a godawful half-cocked messed-up mixture when it comes to units.

    Apart from the UK, the entire world uses metric. Except one country.
    That one country uses units with the same name as "ours", but some of which are a different size. They use different non-metric units for other things.


    The UK's original 10yr programme to complete metrication came to the end of its time over 40 years ago - and here we still are... I can never remember whether it's 14 ounces in a pound and 16 pounds in a stone, or vice versa. And I really don't see why I should care, tbh, since they're both ridiculous divisions, and to have two inter-related units using similar-but-different divisions is utterly crazy.
    • dunroving
    • By dunroving 10th May 18, 6:54 PM
    • 1,377 Posts
    • 971 Thanks
    dunroving
    ...and that's why this country is such a godawful half-cocked messed-up mixture when it comes to units.

    Apart from the UK, the entire world uses metric. Except one country.
    That one country uses units with the same name as "ours", but some of which are a different size. They use different non-metric units for other things.


    The UK's original 10yr programme to complete metrication came to the end of its time over 40 years ago - and here we still are... I can never remember whether it's 14 ounces in a pound and 16 pounds in a stone, or vice versa. And I really don't see why I should care, tbh, since they're both ridiculous divisions, and to have two inter-related units using similar-but-different divisions is utterly crazy.
    Originally posted by AdrianC
    I think you will find the US uses imperial. They even still record their track and field records (sorry, athletics) in feet and inches. Living there since the 80s allowed me to stay in an imperial bubble, until I returned to the UK.
    (Nearly) dunroving
    • AdrianC
    • By AdrianC 10th May 18, 7:07 PM
    • 19,152 Posts
    • 17,574 Thanks
    AdrianC
    If you'd read on just three words after the bit you emboldened...
    • dunroving
    • By dunroving 10th May 18, 7:40 PM
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    • 971 Thanks
    dunroving
    I interpreted it as meaning the one country was the UK.
    (Nearly) dunroving
    • EachPenny
    • By EachPenny 10th May 18, 8:25 PM
    • 8,091 Posts
    • 21,768 Thanks
    EachPenny
    The concept of buyer beware also applies to buying services, such as paying an EA to market the most valuable asset I own. When I sell a property I'm inclined to avoid those EAs who routinely produce shoddy, unprofessional listings which don't convey the basic information a potential buyer would be interested in.
    Originally posted by NaughtiusMaximus
    In which case you are utilising your free market right to spend more money purchasing a higher quality product. Will you get a better return on the money you spend? Who knows. Your purchaser might not care a jot about glossy EA presentations and only be interested in the price and getting their own surveys done.

    Forcing everyone to get a grade A+++ EA service will result in people having to pay more, without any gain for them.
    "In the future, everyone will be rich for 15 minutes"
    • kylej64
    • By kylej64 10th May 18, 8:51 PM
    • 14 Posts
    • 19 Thanks
    kylej64
    I have recently accepted an offer on my flat.

    I made sure they used floor plans, stated it was leasehold and stated what floor it was on.

    While not on the add I told them (and they noted down) the remaining length of least as well as ground rent and maintenance fees so they could answer the obvious questions that would arise (though forgot to mention the council tax band or I would have mentioned that too). I always intended to tell them that but they asked first . That confirmed to me that I had chosen the right EA. Seems easier to me to put a few people off if it gets you an easier sale.
    • HampshireH
    • By HampshireH 10th May 18, 8:55 PM
    • 1,066 Posts
    • 1,226 Thanks
    HampshireH
    We went to look at a property about 6 weeks ago - we did a drive by ahead of booking a viewing.

    Beautiful end terrace with big garden, freehold, 2 parking spaces but room to make a 3rd. In a very rural area. Advert on Rightmove suggested room to extend - I spoke to the agent etc and agreed to call back on the Tuesday to book a viewing (it was easter weekend and I called on the Saturday as it went on on the Friday)

    On the Tuesday the price dropped from 250,000 to 185,000 suddenly had an open day for the following Saturday and was shared ownership with a 74 % share - the other 26% owned by the Parish Council. It was advertised as a "Reduced Today" property.

    It needed work - windows/doors/some attention to the roof/ heating system. The PC would have had to contribute towards those things, i expect and there would have been no chance to own 100% or buy the freehold (Parish councils keep their properties when they are built in conjunction with them)

    The advert (even when updated) failed to say that it has a S106 on it that applicants had to have a local connection. It is currently still missing from the Rightmove advert. We found out via another advert on English Rural who are also advertising it.

    Complete farce of an advert. Very lucky we didn't both with the official viewing as we could quite easily have pictured living there.
    • Thrugelmir
    • By Thrugelmir 10th May 18, 9:04 PM
    • 61,091 Posts
    • 54,316 Thanks
    Thrugelmir
    It is frustrating that basic information such as a floor plan aren't provided.
    Originally posted by dunroving
    Often an extra that the vendor pays for.
    Financial disasters happen when the last person who can remember what went wrong last time has left the building.
    • AdrianC
    • By AdrianC 10th May 18, 9:40 PM
    • 19,152 Posts
    • 17,574 Thanks
    AdrianC
    I interpreted it as meaning the one country was the UK.
    Originally posted by dunroving
    "Apart from the UK, the entire world uses metric. Except one country."
    • ScorpiondeRooftrouser
    • By ScorpiondeRooftrouser 10th May 18, 9:46 PM
    • 2,640 Posts
    • 4,183 Thanks
    ScorpiondeRooftrouser
    Why stop there? I think the government should pass legislation controlling the minimum information that should be placed in any advert stuck up in a newsagent selling a child's bike. It's not like they have anything better to do. The police can then spend all their time reading them and arresting wrongdoers.

    (Home Information Packs are not a bad idea at all. But legislating about what appears in adverts? I mean, come on.)
    • NaughtiusMaximus
    • By NaughtiusMaximus 10th May 18, 9:46 PM
    • 1,355 Posts
    • 3,288 Thanks
    NaughtiusMaximus
    In which case you are utilising your free market right to spend more money purchasing a higher quality product. Will you get a better return on the money you spend? Who knows. Your purchaser might not care a jot about glossy EA presentations and only be interested in the price and getting their own surveys done.
    Originally posted by EachPenny
    Fair comment, it may not make any difference in the end, everyone is different. In my case if I see missing info in a house listing I assume the seller is hiding a negative point, eg no photo of the box room = damp problem, no measurements = rooms smaller than the look in the photos, no mention of freehold/leasehold status = leasehold etc etc but not everyone is as cynical as me. Conversely, based on numerous threads here there seem to be a lot of people who believe clutter will put off potential buyers but it doesn't make the slightest difference to me.

    Forcing everyone to get a grade A+++ EA service will result in people having to pay more, without any gain for them.
    Originally posted by EachPenny
    I don't think they should be forced to, if a seller thinks price is the only factor to consider in choosing an EA then good luck to them.
    • moneyistooshorttomention
    • By moneyistooshorttomention 11th May 18, 7:01 AM
    • 17,153 Posts
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    moneyistooshorttomention
    Thinking of the shared ownership thing - and yes....I agree with the frustration on that front...

    The thing that gets me is that there is this recent scheme around whereby one gets all excited thinking "Maybe I can afford my sort of house after all" looking at the headline price of it - and then spots the small print that it's one of those whereby one would only be buying a lifetime interest in it - rather than owning it fully outright as per normal.

    It's not so much the fact of this type of scheme - as it may be a way some people could get to "own" a house they wouldnt otherwise be able to manage. But - people can't see what price they personally would be charged for the house. The small print tells you it's dependent on your personal circumstances. By that they mean your age (so the firm selling can guesstimate how much longer you'll live) and, even more to the point, I betcha these schemes charge women more for the house than a man of the same age would have to pay - and there's no mention of that little bit of discrimination (but I'd be willing to guarantee it's there at present).

    So - "the price you see is the price you pay" wouldn't actually be the case at all (quite over and above whether one would be able to do the standard "make a lower offer" thing). If they're going to do a scheme like that on a house - then they should have a table indicating what price one would pay at what agegroup. If there is sexual discrimination in there - then they should state that too and have a side indicating the higher price per age that a woman would have to pay for it.

    I'm always left looking at the stated price and thinking "How on earth am I even going to find out the figure a man guaranteed not to live beyond 90 would pay for that one then?" to know what it would be fair for "a person that has decided not to live beyond 90 (ie myself)" should pay for it?

    I am seriously looking forward to spotting an article in the press some time in the future where someone born a woman then turns round part-way through buying a house on one of these schemes and says "I self-identify as a man - and you should now lower your price to me on it" LOL if they do go in for sex discrimination (as I suspect). As someone that is fine about having been born a woman (but hates discrimination) - I'll be cheering that person on from the sidelines...
    Last edited by moneyistooshorttomention; 11-05-2018 at 7:11 AM.
    Never doubt that a small group of people can change the world. It's the only thing that ever has.

    Extinction Rebellion
    • csgohan4
    • By csgohan4 11th May 18, 8:13 AM
    • 5,190 Posts
    • 3,309 Thanks
    csgohan4
    disagree with the OP on this one, the advert is only as good as what the vendor will pay for or provide info for.

    Never trust what the EA tells you, always get a cheap 3 LR title and see if it is leasehold,

    That is also what your paying your solicitor to do, to find any issues
    "It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
    • Surrey_EA
    • By Surrey_EA 11th May 18, 9:34 AM
    • 1,685 Posts
    • 2,241 Thanks
    Surrey_EA
    Often an extra that the vendor pays for.
    Originally posted by Thrugelmir
    Really? Are there EAs who charge for floor plans these days?

    There is no EA remotely close to where I am who would contemplate charging extra to provide a floor plan.
    • googler
    • By googler 11th May 18, 10:06 AM
    • 14,891 Posts
    • 9,777 Thanks
    googler
    Really? Are there EAs who charge for floor plans these days? There is no EA remotely close to where I am who would contemplate charging extra to provide a floor plan.
    Originally posted by Surrey_EA
    There are EAs who vary the photography charge based on the size of the house, since a one-bed flat takes less time and effort than a 12-bed mansion.

    There are those who have different styles of schedule available - single page, double, quadruple, with pricing to match

    Floorplans are offered by some EAs as an option. Some EAs use floorplanning software to generate their own, others contract it out to third parties who charge the EA for this (the third pary is usually named in a copyright notice on the floorplan). They send the sketch away, get a finished plan in return. This is a time-saver for the EA, but chargeable by the third-party. The customer can decide for themselves if they want a floorplan or not. This is a chargeable item, so the customer can 'save' on the floorplan fee if they wish. It's standard in your service, but would you offer a discount to a seller who specifically did not want a floorplan?

    I don't see it as an extra, merely as one element in menu pricing and optional services which the customer can choose to pay for or not.
    • moneyistooshorttomention
    • By moneyistooshorttomention 11th May 18, 12:26 PM
    • 17,153 Posts
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    moneyistooshorttomention
    Really? Are there EAs who charge for floor plans these days?

    There is no EA remotely close to where I am who would contemplate charging extra to provide a floor plan.
    Originally posted by Surrey_EA
    I don't recall any EA's in my last area charging for floor plans. They either did them or didnt do them - end of. One of the reasons I chose the EA I did was because they did do them (rather nice plans too - that decent size type, with bits of furniture, etc, dotted around to convey what the room was like).

    I don't know what they would have charged for the premium service they also provided - because their standard service was actually noticeably better than other EA's provided anyway - and for a very reasonable charge (well.....comparatively speaking).
    Last edited by moneyistooshorttomention; 11-05-2018 at 12:28 PM.
    Never doubt that a small group of people can change the world. It's the only thing that ever has.

    Extinction Rebellion
    • badmemory
    • By badmemory 11th May 18, 7:26 PM
    • 2,217 Posts
    • 3,183 Thanks
    badmemory
    You can't trust those reports anyway. Had to pay up front for one on my mother's house before sale. It said the house had solid floors. Any idiot stamping their foot would know that was not correct. Absolute refusal to correct it too. You're better off without these reports & paying someone who actually knows what they are doing, not someone they have put through a short course just to keep them off the unemployment numbers.
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