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.
You cannot go to prison for not paying the mortgage itself, but at any stage whilst you are having money problems you disobey an order of the court, you could be sent to prison for misconduct, but not because you’ve not paid your mortgage. If you follow all court instructions you won’t go to prison.
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.
When selling a house there is no legal requirement to provide buyers electrical safety certificates, but buyers may ask for a safety test on both gas and electricity as a check before they buy. However, if you provide an electrical safety certificate you may sell your house faster.
If a seller lied on their property information form the seller may be liable to pay damages to the buyer for misrepresentation. But it’s important for buyers to beware and to do their own due diligence by carrying out a survey, searches and other checks to make sure the property has no issues.
