Property Solutions to Sell Your House Fast For Market Value
You need to be at least 18 years old to get a residential mortgage. But for many lenders it’s 21 for a buy to let mortgage. It becomes more difficult but not impossible to get a residential mortgage at the age of 65 and over, but this isn’t normally a problem for getting a buy to let mortgage.
You can sell your house if you have a bat roost in your roof, but you must disclose the fact to any potential buyers of this fact. Sellers need to know if are bats are present in a house as it may influence their decision as to whether or not they buy the house.
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.
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.
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.
What makes an option contract legally enforceable is the consideration in the contract, which represents the amount paid at the start of the contract. Without this consideration an option agreement is not legally binding on either party. The minimum consideration in an option contract can be as little as £1.
