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UK diy (uk.d-i-y) For the discussion of all topics related to diy (do-it-yourself) in the UK. All levels of experience and proficency are welcome to join in to ask questions or offer solutions. |
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2007 homeseller survey introduction
I know someone who had a corgi interview the other day. The corgi
interviewer apparently went on about many people not being able to sell their home in 2007, due to this survey I would presume. When a seller gets the survey, and they know the recent history of the house, it will be more of a decision as to whether every little change, wiring mod etc. is mentioned I suppose. Unless you just get a company in to the the survey by the book without telling him anything. Also, I wonder if this survey will include building control etc. I expect the corgi bloke is expecting loads of inspection work in 2007 and some more corgi golden years. Do people agree / disagree with this corgi's opinions ? Simon. |
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On Wed, 01 Jun 2005 12:47:22 +0100, Andy Hall
wrote: So people who don't have a properly documented history will just get an inspection done and the cost will enter the housing market - i.e. the customer will ultimately pay. The majority of people genuinely can't remember what they have done to their homes. |
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On Wed, 01 Jun 2005 14:36:23 GMT, (s--p--o--n--i--x)
wrote: On Wed, 01 Jun 2005 12:47:22 +0100, Andy Hall wrote: So people who don't have a properly documented history will just get an inspection done and the cost will enter the housing market - i.e. the customer will ultimately pay. The majority of people genuinely can't remember what they have done to their homes. Exactly, so the net effect is another bull**** tax. -- ..andy To email, substitute .nospam with .gl The information contained in this post is copyright the poster, and specifically may not be published in, or used by http://www.diybanter.com |
#5
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wrote in message oups.com... I know someone who had a corgi interview the other day. The corgi interviewer apparently went on about many people not being able to sell their home in 2007, due to this survey I would presume. When a seller gets the survey, and they know the recent history of the house, it will be more of a decision as to whether every little change, wiring mod etc. is mentioned I suppose. Unless you just get a company in to the the survey by the book without telling him anything. Also, I wonder if this survey will include building control etc. I expect the corgi bloke is expecting loads of inspection work in 2007 and some more corgi golden years. Do people agree / disagree with this corgi's opinions ? Although you will have to fill in the forms, it will be quite acceptable to write "not known" or "information not available" across every question just as it is with the current solicitors information form. It is then up to the purchaser to decide to proceed or not. If the regulations were tightened more in response, you would see more properties moving to some sort of auction, albeit one with possible an indefinite time period and high reserve, where no guarantees on the property being auctioned exist. |
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On Wed, 01 Jun 2005 20:51:01 +0100, Mike wrote:
wrote in message oups.com... I know someone who had a corgi interview the other day. The corgi interviewer apparently went on about many people not being able to sell their home in 2007, due to this survey I would presume. When a seller gets the survey, and they know the recent history of the house, it will be more of a decision as to whether every little change, wiring mod etc. is mentioned I suppose. Unless you just get a company in to the the survey by the book without telling him anything. Also, I wonder if this survey will include building control etc. I expect the corgi bloke is expecting loads of inspection work in 2007 and some more corgi golden years. Do people agree / disagree with this corgi's opinions ? Although you will have to fill in the forms, it will be quite acceptable to write "not known" or "information not available" across every question just as it is with the current solicitors information form. It is then up to the purchaser to decide to proceed or not. If the regulations were tightened more in response, you would see more properties moving to some sort of auction, albeit one with possible an indefinite time period and high reserve, where no guarantees on the property being auctioned exist. Apparently on the ball conveyancing clerks are starting to ask for certificates on the state of the gas/water/electric installations. The effect of this legislation, IMHO, will be to fragment the housing market into certified and uncertified segments. It's not clear to me just what the relative size of the two markets would be. It is likely to depend on a number of factors. However I suspect strongly that mortgage lenders will take the line of least resistance and only lend against 'benchmark' houses. If that happens almost all houses will be 'to standard' and it will take a great deal of marginally necessary work to get them up to the the letter of the regs. If however mortgages were available for any house then I suspect that only the top of the market will get the 'A1' certificates. -- Ed Sirett - Property maintainer and registered gas fitter. The FAQ for uk.diy is at http://www.diyfaq.org.uk Gas fitting FAQ http://www.makewrite.demon.co.uk/GasFitting.html Sealed CH FAQ http://www.makewrite.demon.co.uk/SealedCH.html |
#7
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"Ed Sirett" wrote in message news On Wed, 01 Jun 2005 20:51:01 +0100, Mike wrote: Apparently on the ball conveyancing clerks are starting to ask for certificates on the state of the gas/water/electric installations. The effect of this legislation, IMHO, will be to fragment the housing market into certified and uncertified segments. It's not clear to me just what the relative size of the two markets would be. It is likely to depend on a number of factors. However I suspect strongly that mortgage lenders will take the line of least resistance and only lend against 'benchmark' houses. If that happens almost all houses will be 'to standard' and it will take a great deal of marginally necessary work to get them up to the the letter of the regs. If however mortgages were available for any house then I suspect that only the top of the market will get the 'A1' certificates. Mortgages are available for any property, even derelicts, otherwise the auction market would die whereas it is in fact possibly healthier than normal sales at the current time. You just have to look a bit harder for the money. But at the end of the day there's a huge amount of money out there to be lent and currently only a limited number of people looking to borrow. |
#8
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In message .uk, Ed
Sirett writes On Wed, 01 Jun 2005 20:51:01 +0100, Mike wrote: wrote in message oups.com... I know someone who had a corgi interview the other day. The corgi interviewer apparently went on about many people not being able to sell their home in 2007, due to this survey I would presume. When a seller gets the survey, and they know the recent history of the house, it will be more of a decision as to whether every little change, wiring mod etc. is mentioned I suppose. Unless you just get a company in to the the survey by the book without telling him anything. Also, I wonder if this survey will include building control etc. I expect the corgi bloke is expecting loads of inspection work in 2007 and some more corgi golden years. Do people agree / disagree with this corgi's opinions ? Although you will have to fill in the forms, it will be quite acceptable to write "not known" or "information not available" across every question just as it is with the current solicitors information form. It is then up to the purchaser to decide to proceed or not. If the regulations were tightened more in response, you would see more properties moving to some sort of auction, albeit one with possible an indefinite time period and high reserve, where no guarantees on the property being auctioned exist. Apparently on the ball conveyancing clerks are starting to ask for certificates on the state of the gas/water/electric installations. The effect of this legislation, IMHO, will be to fragment the housing market into certified and uncertified segments. It's not clear to me just what the relative size of the two markets would be. It is likely to depend on a number of factors. However I suspect strongly that mortgage lenders will take the line of least resistance and only lend against 'benchmark' houses. If that happens almost all houses will be 'to standard' and it will take a great deal of marginally necessary work to get them up to the the letter of the regs. If however mortgages were available for any house then I suspect that only the top of the market will get the 'A1' certificates. Ed, In 1991 I did a course on the New Estate Agent Regulations and David Perkins talked about a future where every house for sale had a log book, service record, and survey, and a title document and search, in the file. He also talked about buyers having pre-arranged finance. This would enable the deal to be done in the estate agents office, (with a few faxes involving the lender and the Land Registry), thus putting solicitors out of business, (or forcing them to become estate agents). It's not dissimilar to the car market really, and those properties with more information will be more valuable, (how much, remains to be seen). -- Richard Faulkner |
#9
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On Fri, 03 Jun 2005 10:20:41 +0100, Richard Faulkner wrote:
In message .uk, Ed Sirett writes On Wed, 01 Jun 2005 20:51:01 +0100, Mike wrote: wrote in message oups.com... I know someone who had a corgi interview the other day. The corgi interviewer apparently went on about many people not being able to sell their home in 2007, due to this survey I would presume. When a seller gets the survey, and they know the recent history of the house, it will be more of a decision as to whether every little change, wiring mod etc. is mentioned I suppose. Unless you just get a company in to the the survey by the book without telling him anything. Also, I wonder if this survey will include building control etc. I expect the corgi bloke is expecting loads of inspection work in 2007 and some more corgi golden years. Do people agree / disagree with this corgi's opinions ? Although you will have to fill in the forms, it will be quite acceptable to write "not known" or "information not available" across every question just as it is with the current solicitors information form. It is then up to the purchaser to decide to proceed or not. If the regulations were tightened more in response, you would see more properties moving to some sort of auction, albeit one with possible an indefinite time period and high reserve, where no guarantees on the property being auctioned exist. Apparently on the ball conveyancing clerks are starting to ask for certificates on the state of the gas/water/electric installations. The effect of this legislation, IMHO, will be to fragment the housing market into certified and uncertified segments. It's not clear to me just what the relative size of the two markets would be. It is likely to depend on a number of factors. However I suspect strongly that mortgage lenders will take the line of least resistance and only lend against 'benchmark' houses. If that happens almost all houses will be 'to standard' and it will take a great deal of marginally necessary work to get them up to the the letter of the regs. If however mortgages were available for any house then I suspect that only the top of the market will get the 'A1' certificates. Ed, In 1991 I did a course on the New Estate Agent Regulations and David Perkins talked about a future where every house for sale had a log book, service record, and survey, and a title document and search, in the file. He also talked about buyers having pre-arranged finance. This would enable the deal to be done in the estate agents office, (with a few faxes involving the lender and the Land Registry), thus putting solicitors out of business, (or forcing them to become estate agents). It's not dissimilar to the car market really, and those properties with more information will be more valuable, (how much, remains to be seen). It will be interesting how it all works out. If the scheme takes off (or is forced to) then there will surely be a huge industry of getting and certifying houses as "ready". Note to self: Join an electrics guild next year in readiness. -- Ed Sirett - Property maintainer and registered gas fitter. The FAQ for uk.diy is at http://www.diyfaq.org.uk Gas fitting FAQ http://www.makewrite.demon.co.uk/GasFitting.html Sealed CH FAQ http://www.makewrite.demon.co.uk/SealedCH.html |
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