Gazumping. Surveys. Mortgages and the Garden Gnome.
Having made an offer, you find that your property wasn’t taken off the market and you’ve been gazumped. You’ve spent thousands on a structural survey but there’s no movement on paperwork from the seller. The estate agent is (illegally) pushing their ‘in-house’ mortgage service with the promise of a smoother completion process. The purchase is falling through because of a failure to negotiate on what’s included in the price, and what’s not.
A buyer’s agent can greatly minimise the risk of gazumping. They will guide you through the purchasing process; ensuring timely and valid investments that result in the smooth transfer of paperwork from committed vendors only – and a mortgage that’s right for you. A buyer’s agent will advise on the estate agent’s memorandum of sale to ensure all parties stick to agreements on what’s included, even the unlikely garden gnome.