As the London property market continues to surge, some of the high pressure tactics deployed in the previous boom are back with a vengeance. Legal eagle Edward Allan explains how to stay ahead of the games….
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Estate agents increasingly call for best and final offers particularly on run down properties. The practice lacks transparency and is so open to manipulation that it should be illegal.
Round where my place is, anything decent moves very fast as very few people are selling. No harm in that.
I find this very difficult. On the one hand I want to try to get the best deal I can, so try to start with an offer at a reasonable discount to the asking price.
Housebuyers will know too well the stress that comes with finding the right property - after weeks or months of wasted, failed and anti-climax viewings - where the pictures bear pretty much no resemblance to the house you actually visited. That's why when you do finally stumble on the right property, you have to tread carefully, especially if you want to negotiate an offer which experts say is the best way to start a sale.
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There are some of the network companies that dont more than ever notwithstanding entreat exchange for the documents to be faxed to the lenders.
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