Saturday 13 August 2011

Deal or no deal? Don't let buying stall your sale in a sticky market | Mail Online

Deal or no deal? Don't let buying stall your sale in a sticky market | Mail Online

These are tough times in which to seal a property deal. From difficulties obtaining mortgages to problems with surveys, stringent legal ‘musts’ and opportunist buyers, every step of the process is fraught with delays.

With each hold-up comes the possibility of deals - and property chains - dissolving before your eyes. Deals struck in the early summer are unravelling with alarming rapidity.

I speak from personal experience. Having chased the buyer of my family home for six weeks to get a survey and mortgage and sort out the legal niceties, I finally received a demand of 25 per cent off the purchase price for repairs to the house and outbuildings.


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