HENSONS core business is of course selling and renting residential properties but we have specialist expertise and connections in so many other property related matters including;
Conveyancing is the process of legally transferring ownership of a property from the seller (often called the vendor) to the buyer. It includes the various searches and checks and any final tasks following the sale.
Through relationships built over many years we have exclusively negotiated some outstanding rates with well known local Solicitors and Licensed Conveyancers and we are able to provide you with a detailed written quote for legal fees and other associated costs - even if you happen to be buying a property from another estate agent!
We have arranged with the chosen law firms a No Move No Fee service to provide you with peace of mind. Hopefully your sale will not fall through; but if it does and you do not move home as a result of it, you will not have to pay any of the solicitors legal fees.
Each selected Solicitor or Property Lawyer that we recommend will be a long established and well known, local law firm, not an anonymous, remote ‘conveyancing factory’ which is the only 'in house' legal service that most estate agents offer.
Whatever your circumstances, finding the most appropriate finance solution for your property purchase is essential and can sometimes prove to be a stressful and time consuming experience.
Imagine searching through every mortgage lender to find the right deal for you, how long would that take? We can do that for you after just one conversation.
Our mortgage advisors can help address these challenges with specialist property finance advice and access to a wide range of loans and solutions tailored to suit your needs.
They have a wealth of knowledge in the property finance sector through existing relationships and links with specialist and traditional lenders as well as private banks. Our expertise includes:
- Residential purchase
- Investment purchase
- New build
- Residential remortgages
- Investment remortgages
- Commercial finance
- Bridging finance
- Development finance
- Secured loans
Your home may be repossessed if you do not keep up repayments on your mortgage.
What type of Survey should I have? Should I even bother?
When buying a property you will need to decide which type of survey you might have carried out. If you intend to take out a mortgage, the lender will insist on carrying out a mortgage valuation that is undertaken by a chartered surveyor. Although your lender will pass on the cost of the valuation to you it is primarily for their benefit. It is how they ensure that the property provides adequate security for the loan that you are requesting.
The mortgage valuation is not a full survey but merely an inspection to assist with the valuation. It will highlight defects that have a material effect on the properties status as security. The great majority of buyers rely solely upon the Lender’s valuation and don’t feel the need to instruct a more detailed survey, especially with more modern properties.
This could in some cases be a false economy as you could end up buying a property with defects that are expensive to put right and have no come back. A survey can save you money by giving you the ammunition to negotiate a reduction if the property that you are buying has some serious problems.
The two more detailed types of survey are:
Homebuyer’s Survey and Valuation Report
Often referred to as a Homebuyer’s Report this survey is in a format designed by The Royal Institution of Chartered Surveyors (RICS) and can only be carried out by Chartered Surveyors. This survey is suitable for most types of properties and is by far the most common of the more in depth surveys. The report focuses on matters that have a material effect on the value of the property or defects that are in need of urgent repair. It covers the following:
- General background information on the property and its location.
- Evidence of the three greatest potential threats to the structure of the building; timber defects, movement and dampness.
- An inspection of the interior and exterior of the property covering the main elements.
- An overview of the services including recommendations for further testing if required.
- The current market value and a valuation for insurance purposes.
- You should try and read the report right the way through although there is a summary on the front page and a reminder of all the urgent repairs toward the end.
This is the most thorough type of survey available for residential property and used to be called a Full Structural Survey. It is most suitable for older style properties or properties that have been substantially altered from their original state.
The report does not include a valuation although this can be added by arrangement with the surveyor. It is more detailed than a Homebuyers Report, pointing out even the minor defects and providing some guidance of the cost of any recommended works.
It is best to discuss your requirements with us since we can assist with all types of survey.
If you have been named as the executor in a will, the process of dealing with the deceased's assets, and distributing the proceeds of the estate according to the wishes of the testator will be your responsibility, and if, like most administrators, you have little or no experience in dealing with such matters, the administrative burden can appear to be overwhelming.
Many individuals in such a situation will appoint a solicitor to assist in the process, and as most solicitors are highly experienced at this type of work, they will be able to offer a comprehensive service, dealing with all aspects of estate administration, from the obtaining of probate to the distribution of assets, after the payment of all liabilities and taxes.
If, however, the estate is simple to administer, you may consider doing the work yourself. The administration of an estate is less complicated than many people imagine, and with a little research, it is probable that you can successfully wind up the estate, settle all debts, account to the Inland Revenue, and distribute the assets without encountering any major difficulties.
We really are here to help and not just with the sale and rental of our existing client’s homes and property investments.
We are one of the longest established estate agents in the region, strategically and centrally placed in the county with over 100 years of property experience so we can assist with all of your property requirements.
We have specialists including Chartered Building Surveyors, Planning Consultants, Letting and Management Consultants, Land & New Homes Specialists, Probate Advisors and Property Purchase Negotiators with unrivalled experience in the acquisition for our clients of all types of property from the most modest to fine country and prime London market homes.
We have, for more than 20 years, assisted and acquired property for retained clients in all areas from Cornwall to Cumbria including Knightsbridge and Belgravia, some of the most expensive real estate in the world.
People are as important to us as their given property. With such a broad pallet of expertise available from our offices in Nailsea we will be delighted to assist you with the purchase of your next home, even if we are not marketing your chosen property. If you find a property through another estate agency or on the internet then please contact Stuart Burdge BA (Hons) on 01275 810035 before you enter into any negotiations.
We will give you completely confidential guidance with a detailed assessment of all sales and comparable properties in your chosen location, together with advice about the negotiation process. We will also advise where to pitch that crucial first offer, allowing you to secure your purchase at the very best price in the current market.
We will assess your chosen property with you and produce documentary evidence from sources only available to bona fide property professionals to support your offer and negotiations. We can provide you with the same evidence that a mortgage surveyor would find to support a valuation for your lender. Invaluable information that can save you thousands of pounds.
Obviously this purchase negotiation service is not available to those buying through Hensons. We cannot legally or ethically act for both seller and buyer but anyone buying elsewhere in North Somerset or even Newcastle may make use of this advice facility and we can quite happily, subject to your instructions, actually assist with your search, often turning up properties before they are fully openly marketed and then negotiate your buy with other estate agents as our retained client and entirely on a no win – no fee basis.
Before deciding to sell by auction there are a few key factors to consider.
Is your property right for auction? For example, if you have a property that is particularly run down, it is well known that auctions tend to attract purchasers who are specifically seeking a renovation project.
Is there demand right now for property of this type? Competition from buyers helps ensure that a better price is achieved but if the market is weak then the open nature of an auction where a buyer can see if the competition is limited can be counterproductive.
In some instances, particularly where speculative interest is being shown by perhaps small-medium size local developers rather than the general public, it is not unknown for the prospective buyers to get together prior to the auction and decide between themselves who will buy and at what price rather than see the price driven up and their profit margins reduce – those who do not buy taking the attitude that another opportunity will come along. Clearly this scenario rather favours the buyers not the sellers who are potentially the ultimate losers. So, an auction may not be the perfect solution.
Similarly, is your property difficult for your potential buyers to value accurately? If so great, but rarely would 32 Acacia Avenue be the right house to sell at auction if it was materially the same as numbers 1 – 50 and in the same condition.
Is it likely that the auction will yield a better price than a conventional (private treaty) sale? The costs of selling by auction are normally higher than selling by private treaty and so be completely sure that an auction is the right route.
These are just a few of the factors to consider and we can of course give you more detailed advice in person.