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Home Condition Survey | |||||||||||||||||||||||
| West Yorkshire | ||||||||||||||||||||||||
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What is a Home Condition Survey? Selling a home can be a lottery and around 30% of sales do not go through, which is inconvenient and costly for both sellers and buyers. A major cause of a sale falling through occurs after the buyer has had a survey done and then decides to reduce their offer due to unforeseen costly repairs. A Home Condition Survey (HCS) could help to alleviate this problem. By commissioning a HCS both the seller and the buyer will be informed as to the condition of the property which means the cost of any repairs can be taken into account before agreeing a price. The cost of a Home Condition Survey is minimal compared to loosing a sale due to unforeseen repairs. The Home Condition Survey is designed to be an objective report on the condition of the property that can be relied upon by buyers and sellers. It will be written in Plain English in a standard format and will describe the general condition of the property taking account of its age, character and location; how energy efficient it is; and any defects or other matters requiring attention. The Home Condition Survey is designed to be a 'mid-range' survey, similar to the current Homebuyer Survey and Valuation - not as detailed as a Building Survey (sometimes known as a 'full structural survey') but a lot more extensive than a mortgage lender's valuation inspection.
What to expect when the surveyor visits the property (Click here) Although the completed report does contain some photographic evidence, the home inspector will take digital photographs for inclusion in his/her site notes.
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