Property Solutions to Sell Your House Fast For Market Value
Pros of living near a volcano include amazing scenery, rich fertile soils and cheaper land and homes, whereas the cons include the dangers of living near a volcano including the destruction of homes, risks of earthquakes, larva flows, fires, tsunamis, mud and pyroclastic flows and the risk of death.
The reason why people buy leasehold property is they tend to be cheaper than freehold properties and it’s a way for first time buyers to get on the property ladder. Many of the properties in large cities are leasehold flats, which means a leasehold property is their only option to live in a city.
It is a little harder to sell leasehold property vs freehold property as leasehold properties have annual service charges and ground rents to pay, making them less attractive. Also, the remaining lease term affects its saleability, and if this is under 80 years it will be harder to sell.
The main disadvantages of buying leasehold property include paying service charges and ground rents, which can be very costly and you have no control over. But also, owners of leasehold property are often governed by many restrictive covenants and will need permission to extend or make alterations.
House sellers often lie with the biggest percentage lying about neighbour disputes, which is one of the hardest lies to uncover and protect against. Buying a house when the seller has a dispute with a neighbour doesn’t always mean you shouldn’t buy, but knowing is key so you make the right decision.
If your seller lied about being chain free and said there’s no onward chain you can pull-out of the purchase of this property, or continue to completion on the basis you’ve invested time and costs in the conveyancing process. Otherwise you’ll be back to the beginning and costs will have been wasted.
