But with so much now being offered only via a tender process where the purchasers are expected to do all the work i.e., provide design and layout plans in advance, perhaps even apply for planning permission at their own costs etc., not knowing if they will if fact end up with the site, they are NOT going to make an offer.
What ever happened to the good old fashioned way of setting a price, finding a buyer and agreeing a deal, subject to contract?
The only firms who can afford to forward bids by a certain deadline are the big players. Therefore many smaller firms of developers, who may well provide better homes and look for a smaller profit, which in turn might keep prices down are being left out.
I appreciate vendors want the best price, but are they getting it, if so many builders will not even make a bid!
Once again, it has all got too complicated and that is going to be the same once the Home Information Packs are Law. I am almost certain, sellers will start using a tender procedure and buyers will then be in a Dutch Auction, having paid out for their own Survey reports, legal advice and so on.
After all that, the vendors could still decide not to sell. From June the 1st, the residential market will be in a state of chaos. Why does a Home Energy Certificate need to be produced in advance of a sale? Surely it is down to the potential purchaser to decide where they will spend their money to make any improvements. Any fool can see if there is double glazing, loft insulation, lagged pipes and so on. Visual inspection tells you if one of those pointless wind-turbines has been fitted, solar panels!! A survey report will provide that information, so you are doubling up on effort and costs.
This Government treat us as fools when it is they who have no understanding of life or business.
Richard F. Grant.
Via emai
Download our news ticker
