PRE-PURCHASE
SURVEYS
PRE-PURCHASE
SURVEYS
Pre-purchase Home Condition Surveys |
Buying a house or flat can be a gamble and the Home Report Survey is limited in its scope. Generally the Chartered Surveyors who prepare home reports are not Chartered Building Surveyors and they only have a short time to assess the property and prepare their report. They are focussed on what the property is worth and only provide and overview of its condition. Valuation of the property will often relate to recent sale prices of similar properties in the area and they may not reflect the cost of all works the the property needs.
For home buyers who wish to avoid surprises, or who want to negotiate the asking price downwards (for fixed price sales), we carry out an elemental condition survey. The survey report style informs the prospective purchaser of visible issues with the property, giving comment about the seriousness of the issues and what remedial works might be appropriate.
On receipt of our report the prospective purchaser can take a view on what they should offer, or if they are negotiating on a fixed price they can arrive on an offer that they are comfortable with. If their aim is to be better informed if they are successful purchasing the property, the report allows the new homeowner to prioritise repairs and maintenance works to address the most urgent issues first.
Inevitably there will be times when the findings of our survey put the prospective purchaser off buying the property offered for sale. While the cost of the survey may be seen by some as ‘dead money’, most are relieved and put survey cost in perspective. Usually its cost is a small price to pay to avoid serious and costly issues that they could have faced if they went through with the purchase.