mooves

What are they?

Even if we have all heard of them it's surprising how few people know what the packs will entail. The idea is simple. Sellers will provide potential buyers with the essential information they need when they view a property, without them having to pay for any of it.

Trials last year used a seller's pack containing a full survey and the entire local authority searches and other miscellaneous searches a potential buyer may require. Under the present system the responsibility of carrying these out falls to the buyer for any property they are seriously considering purchasing. This can obviously end up being a number of surveys and searches if thing don't go according to plan.

To reduce the potential cost and time involved in the purchase process the scheme will insist that the owners of a property must commission a survey, all the necessary searches and provide title deeds and a draft contract prior to the property being placed on the market. It is also thought that they may serve to guarantee any work agreed by the owners to be carried out on the property.

This pack will then be available to any potential buyer. In effect it will serve the same purpose as a car log, detailing any present or potential problems with the property. While most of the information can be provided free of charge or for a fairly low sum of money, a survey most certainly cannot. The expected average pack will to set you back around �600 to �800. However, bearing in mind that surveys are based on value of the property, the cost can be expected to increase on higher value properties.