Property Solutions to Sell Your House Fast For Market Value
You should only offer over the asking price if you’ve done your research and consider the house to be worth the offer over and you can afford to buy it at that price. You shouldn’t offer over asking price if there are no other offers already on the table.
You can offer less than the offers over price on a house, but be prepared to have your offer rejected. Offers over is similar to offers in excess of (OIEO) but treat it no differently to a guide price. If the house has been on the market for a while the seller may consider your offer, especially if you are proceedable.
You should wait at least 24 hours before making a second offer on house. This gives you time to gather your thoughts and think about if you can afford an increase and whether or not the house is right for you. The main factors to consider how long you wait include other offers and the strength of the property market.
The easiest way to tell the difference between penetrating damp and condensation is to check if the signs of damp appear to be sitting on the surface of the wall vs having come through the wall. Penetrating damp tends to get worse during periods of rain vs condensation which is more prominent during the colder months.
It’s okay to buy a house that has damp but before you do make sure you know what is causing the damp problem and how much it will cost to fix it. Get a specialist damp surveyor or a builder to check into the problem and decide whether to get the seller to fix it before you buy or take the cost off the purchase price.
It’s still the seller who owns a house between exchange and completion. But because contracts have been exchanged, both parties are legally bound to complete, which is the date when legal ownership of the property passes to the buyer. It is advisable for the buyer to insure the property between exchange and completion.
