Munday and Cramer

Tag Archives: home buyer’s survey

RICS Home Buyer’s Survey

For most people, buying a home is the largest financial investment they will make. As with any major financial decision, it’s crucial to minimise risks wherever possible. While you can’t foresee market fluctuations, a Home Buyer’s Survey allows buyer’s to raise their awareness of any defects that might exist or maintenance obligations they might need to be aware of. Many homebuyers don’t fully grasp the purpose and importance of obtaining a survey before purchasing a house. A Homebuyer’s Survey can be focused at three elevating levels of scrutiny and cost, to help you make considered decisions pre-purchase. For level 1, a Chartered […]

Do I Really Need a Structural Surveyor?

Buying a property will likely be the largest financial investment you make in your lifetime. As such, it’s important you feel confident in your decision. Your home should be both aesthetically pleasing and structurally sound. But how can you be certain that the building you’re eyeing up doesn’t conceal any hidden dangers beneath its surface? For most people, employing a structural surveyor to assess the building’s quality is the way to go. But what does this actually consist of?  What is a Structural Survey? A structural survey is essentially an investigation on the condition of the structural elements of a property. […]

Image of a Structural Surveyor

Do You Need a Home Buyer’s Survey For a Flat? 

Most people know that if you are buying a house, you should get a home buyer’s survey. This will provide you with plenty of information to aid your purchasing decision and help with negotiations. For example, if the survey shows that there is thousands of pounds worth of repairs that haven’t been taken into consideration with the property valuation, it would be worth trying to negotiate the price down.  This said, we sometimes receive enquiries from people that are buying a flat/apartment, asking whether they still need to have a survey. They reason that if they are not on the […]

Do you need a home buyer's survey for a flat?

Who pays for a home buyer’s survey 

In the process of buying a house, you will undoubtedly be looking to get a home buyer’s survey to assist you in your buying decision. This survey will tell you the condition of a property, allowing you to assess any repairs that will need to be made and be notified of potential risks to the property. This will be able to help you with negotiating a purchase price. For example, if there are £10k worth of repairs to be made, it wouldn’t be unreasonable to ask for £10k off the asking price.  Due to the home buyer’s survey generally benefitting […]

Who pays for a home buyer's survey