Home Condition Report
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Introduction.
There are two types of document included in a Home Information Pack: required (compulsory) and authorised (optional). It is up to the seller whether they include these optional documents. This could include a Home Condition Report, a legal summary or a home contents form.
Home Condition Report
A Home Condition Report contains information about the physical condition of a property, which sellers, buyers and lenders will be able to rely on legally as an accurate report.
It is similar to a Homebuyer Survey and can let the seller and buyer be aware of any works or repairs that are needed to the property.
The report:
must be carried out by a certified Home Inspector
must be written in plain English and not include technical jargon
gives you comprehensive information on work or repairs needed to the property, reducing the chance of nasty surprises later on
Benefits of a Home Condition Report
Sellers
You have an early opportunity to carry out repair work on the property or get quotes before marketing your property. By giving buyers a clearer idea of your property, it reduces the risk of a buyer pulling out later in the process due to an unforeseen problem and gives your property an additional selling point.
Buyers
If the seller has included a Home Condition Report, you can use it at the beginning of the home-buying process to reduce the risk of being faced with unexpected repair bills and other surprises when you buy the property.
Buyers and their mortgage lenders have a legal right to rely on the report, so you can give the report to lenders when they make their valuation. This means they may not have to repeat a detailed site inspection at your cost.
Contact Details
To arrange an appointment telephone Andrew R Williams & Associates Ltd, Chartered Surveyors and Energy Assessors on:-
0800 298 9244
or 07940 875076
or email to
info@andrewrwilliams.co.uk
