Not a question to ask them as such, but how do you differentiate between a vendor being honest and helpful, as opposed to them telling you everything they think you want to hear?
@@lornalooker2159 Hi Lorna! This is a tough one. If you feel as though a vendor is just telling you what you want to hear then I'd try to look elsewhere for the information where possible. Where you may be able to find the information you need will vary depending on what it is. The estate agent, for example, is not allowed to deliberately mislead you about the property information, so you might want to direct your questions to them too. The searches your solicitor will carry out may also uncover potential issues. You can also have a private survey carried out for your peace of mind.
Thank you, Samuel, for the great video and detailed explanation on viewing a house in the UK. Your insights were incredibly helpful. I have a question about determining the age of a house, as this information is crucial for estimating refurbishment costs. Do you think it's worth asking the age of the property? Any tips on how to approach this would be appreciated.
Very helpful. I have a second property to sell , so I need to know all this too, as I can then have all ( most of ) the likely answers to hand for prospective buyers. You did mention how LOW would the seller go. But the opposite is true , if , as in my case , the property is ready to enter, no chain , and I am not in a hurry to sell. It’s in a popular area , which don’t come up often , so as a seller I am prepared to sit on it until I get the best offer, so I will be telling an agent that I am looking for offers over the valuation , rather than bite at a low ball offer with a time limit. . (Better to know that too, , rather than waste time and money on a property that may well sell for more than the valuation , & much more than you can afford .) I remember paying £8K over for my current home, so I will be looking for ‘motivated buyers’
Hey, thanks for the comment! I agree with you - this is why I believe it's a good question to ask. If a property is slightly over-budget but a seller's absolute minimum is the asking price or above (like yourself, with a property in high demand), then it'd prevent wasting the buyer & seller's time. Hope it goes well with the sale!
I am kinda wondering how much below asking price to put an offer in for considering the current situation, I wonder what would look polite rather than insulting.
That’s a very difficult one to call! Each seller and their reason for selling is different. If you’re looking on Rightmove, you can click on recent sold prices in the same area to help decide on what to offer. The other thing I’d be looking at is how many properties are coming on that you like? If there’s not much coming on, you won’t be in as strong of a position as you would be if there were lots of alternatives.
Hi very helpful video. I am new the property world. I wanted to ask why is it difficult for a mortgage advisor to get decision in principle? My advisor is struggling to get one for me. So considering if I should find someone else who could help. Thank you.
But they dont need to tell the truth right? They may say there is a lot of interest for the flat/ house, i cant tell you the actual figures, in fact there are only handful of people added the property to their favorites on zoopla and no offer has been made?
Hi Alex, Fantastic video, really insightful. I was wondering I own a property and looking at a second in Maldon, Essex which you may be familiar of whilst my partner it will be her first. Can I get a sole / joint proprietor mortgage with her? I do not have enough money to cover the stamp duty on the property I want to purchase so thought this could work? I would of course, want to live in the property also. Regards Myles
Hi Myles, sorry for missing your comment here! Thanks for the feedback, glad it helped. I’m familiar, being from Essex myself 😃 In theory it may be possible to get a joint borrower sole proprietor mortgage, but it depends on what your plans would be. If your plans would be to move in with your partner, it’s unlikely to be acceptable. You’d also need to consider what you’d do with your current residence if this was the case too.
Are there any questions I've missed?
Not a question to ask them as such, but how do you differentiate between a vendor being honest and helpful, as opposed to them telling you everything they think you want to hear?
@@lornalooker2159 Hi Lorna! This is a tough one. If you feel as though a vendor is just telling you what you want to hear then I'd try to look elsewhere for the information where possible. Where you may be able to find the information you need will vary depending on what it is. The estate agent, for example, is not allowed to deliberately mislead you about the property information, so you might want to direct your questions to them too. The searches your solicitor will carry out may also uncover potential issues. You can also have a private survey carried out for your peace of mind.
Have a viewing tomorrow and this was super helpful, thank you Samuel!
Thank you, Samuel, for the great video and detailed explanation on viewing a house in the UK. Your insights were incredibly helpful. I have a question about determining the age of a house, as this information is crucial for estimating refurbishment costs. Do you think it's worth asking the age of the property? Any tips on how to approach this would be appreciated.
Appreciate your time, and succinct expertise Samuel. Feel ready to do this, now... 👌
Glad you found it useful! Hope it all goes well 😊
Great info. Music too loud.
Thanks, very useful info.
Very helpful.
I have a second property to sell , so I need to know all this too, as I can then have all ( most of ) the likely answers to hand for prospective buyers.
You did mention how LOW would the seller go.
But the opposite is true , if , as in my case , the property is ready to enter, no chain , and I am not in a hurry to sell.
It’s in a popular area , which don’t come up often , so as a seller I am prepared to sit on it until I get the best offer, so I will be telling an agent that I am looking for offers over the valuation , rather than bite at a low ball offer with a time limit. .
(Better to know that too, , rather than waste time and money on a property that may well sell for more than the valuation , & much more than you can afford .) I remember paying £8K over for my current home, so I will be looking for ‘motivated buyers’
Hey, thanks for the comment! I agree with you - this is why I believe it's a good question to ask. If a property is slightly over-budget but a seller's absolute minimum is the asking price or above (like yourself, with a property in high demand), then it'd prevent wasting the buyer & seller's time. Hope it goes well with the sale!
I am kinda wondering how much below asking price to put an offer in for considering the current situation, I wonder what would look polite rather than insulting.
That’s a very difficult one to call! Each seller and their reason for selling is different. If you’re looking on Rightmove, you can click on recent sold prices in the same area to help decide on what to offer. The other thing I’d be looking at is how many properties are coming on that you like? If there’s not much coming on, you won’t be in as strong of a position as you would be if there were lots of alternatives.
Aug’24
Very helpful videos, thank you!
Hi very helpful video. I am new the property world. I wanted to ask why is it difficult for a mortgage advisor to get decision in principle? My advisor is struggling to get one for me. So considering if I should find someone else who could help. Thank you.
*So the house price on the rightmove or zoopla are not fixed price? We can still negotiate?*
But they dont need to tell the truth right? They may say there is a lot of interest for the flat/ house, i cant tell you the actual figures, in fact there are only handful of people added the property to their favorites on zoopla and no offer has been made?
Hi Alex,
Fantastic video, really insightful. I was wondering I own a property and looking at a second in Maldon, Essex which you may be familiar of whilst my partner it will be her first. Can I get a sole / joint proprietor mortgage with her? I do not have enough money to cover the stamp duty on the property I want to purchase so thought this could work? I would of course, want to live in the property also.
Regards
Myles
Hi Myles, sorry for missing your comment here!
Thanks for the feedback, glad it helped.
I’m familiar, being from Essex myself 😃
In theory it may be possible to get a joint borrower sole proprietor mortgage, but it depends on what your plans would be. If your plans would be to move in with your partner, it’s unlikely to be acceptable. You’d also need to consider what you’d do with your current residence if this was the case too.
Great video! Thank you!
Glad you liked it! :)