24 Feb 2016

A question about : 2nd viewing

I am doing a second viewing on the 6th property I've seen in 2 weeks. This is view with making an offer. Too soon?

I'm a FTB and its a leasehold apartment.

What things should I be looking at specifically?

Also it's been reduced 10% already and offers excess of...would be cheeky to offer slightly less than this figure?

I have a DIP not MIP but seeing bank tomorrow. ..best to offer after MIP?

Don't want to lose the apartment. .

Best answers:

  • Before you are putting an offer on a flat, you should search a sticky thread on this forum called "What to do when buying a flat". This give you a long list of questions you should ask the EA. This is very important !!!
    I was in a similar situations a few months ago. I knew the area very well and still went around the flat a few times different times of the day.
    I managed to have a chat with the gentleman who runs the ltd that owns the freehold and I enquired about a lot of things. I had a rough idea about what kind of people live in the block of flats, % of renters vs. owners.
    Service charge, lease length, etc...
    Print out the list of questions in that thread and take it along to the meeting with the EA.
    Even if its a flat, pay attention to the state of the boiler(the cost of a new boiler + fitting should not ignored >2700GBP), same with the electrical equipment.
    Same with the kitchen.
  • If your second viewing confirms that you would like the place, then have one of those retractable steel rules to hand and a notebook/biro - so you can write down the measurements (what with EA measurements being notoriously inaccurate).
    Then, if you do decide to buy the place, you already have to hand the measurements so that you can start planning how to arrange it/know what size curtains you need/etc.
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