Ensuring the right home is sourced for purchase doesn’t end once second viewings have taken place. Due diligence is critical to ensuring our clients’ money has been spent in the best possible manner.
To help with the management of purchase and in order to advise – as far as reasonably possible – of potential costs for post-purchase work and adaptation, PLG prepares Pre-Purchase Reports on behalf of our clients. This comprises instruction and co-ordination of the following surveys:
Building survey & Valuation/Homebuyers report with a full brief of potential adaptations to the surveyor ensuring the report is relative to works
Electrical Condition Report
Plumbing Condition Report
Asbestos Management Survey
Wall Tie and Timber and Damp Report
CCTV Drain Survey
192.com Report: which gives an overview of the surrounding area
PLG will then review all of the returned reports and provide summaries and recommendations for progress of the purchase. Utilising this tool means that all eventualities are accounted for and allow funds to be allocated in a more sensible manner.
It can often be the case that a client or a family member will identify a property they wish to purchase without the necessity of a formal property search or consultant input. It is still critical to ensure the clients funds are spent in the right manner, with the best possible result achieved. PLG is regularly employed by Deputies and Solicitors to manage the purchase, even when not involved with the search. At this point we will carry out the necessary due diligence detailed above and negotiate the purchase price on the clients behalf to ensure it is reflective of the home. We can also provide budget estimates for the proposed works to ensure that funds are available to carry out any existing remedial work that would be in addition to formal adaptation proposals.
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