How Can A ‘Seller Survey’ Help To Sell My Property?
A Seller Survey gives buyers security and peace of mind – knowing any defects before the purchase makes sure buyers won’t come across unexpected repairs that could absorb both time and money, or lead to disappointment that the new home doesn’t meet expectations.
As a seller, this transparent communication of information will make sure your property stands out in the marketplace as a safe purchase and should improve interest from serious buyers.
The Seller Survey is fully assignable upon exchange of contracts to the buyer. As a seller this will make your property more attractive to buyers as it saves them money having to commission a survey themselves. Whilst as a buyer, you benefit from the surveyor being liable to the same extent had the survey been commissioned by you, protecting you from any defects found outside of the survey report.
Full disclosure of condition will mean both the buyer and seller know exactly where they stand from the outset. The condition of the property can be factored into the asking price and any offer, as well as meaning that the relationship between the buyer and the seller is open and transparent from the outset.
Seller Surveys reduce the risk of a renegotiation or a fall-through resulting from last minute survey issues – improving the experience of moving home for both parties.
A recent example of where a WWII Bomb Map and Seller Survey have helped successfully sell a property
Our Godalming branch was asked to value two separate properties for a couple who both owned their own individual homes, but wanted to sell up and move into one larger property together.
Pictured Left: Semi-detached property in Milford / Pictured Right: Victorian semi-detached property in Godalming
The first house valued was a 3 double bedroom semi-detached home in Milford and was relatively straight forward as the vendor was satisfied with our marketing strategy and the price quoted.
The second home, a 3 bedroom Victorian semi-detached property in Godalming had suffered some historic movement. The suspected cause was a WWII bomb which had struck the end of the garden causing a number of houses on the road to jolt, with some floors and ceilings appearing off centre.
However, the movement that occurred had not continued and had been monitored since with no further problem. Despite this historical movement posing no risk, the vendor of the Godalming property was certain that potential buyers would be concerned by the odd shapes and edges in the home when viewing, so understandably asked for some guidance from us as their estate agent, before bringing the property to the market.
We advised our client to obtain a Seller Survey which, as detailed previously, provided documentation on the current status of the property.
As expected, it confirmed that the movement was historic and was not an area of concern.
Following the Seller Survey, both clients were now happy with the advice and the suggested marketing proposals we had put forward to them for each property and instructed us to sell both houses.
When we started showing interested buyers around the Godalming property (which showed signs of historical movement), we were able to provide evidence to potential buyers with the Seller Survey readily available, that there was no risk should they wish to purchase the property. This proved invaluable in ensuring a successful sale, preventing lower offers being made and thus enabling us to secure a good price for our client.
With the additional support from the Seller Survey, our Godalming branch was able to successfully sell both houses in a similar time frame, enabling our clients to progress forward with moving into their dream home together.
If you would like to know more about Seller Surveys and how it could help you sell your home, please visit www.curchods.com or www.burnsandwebber.com. Alternatively call your local office where our expert staff will be able to put you in touch with independent chartered surveyors, Spencer Bray Surveyors who will carry out the survey and will talk you through any issues found in the survey.