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In recent times the property market has changed beyond recognition. The ‘credit crunch’ has transformed the way houses need to be sold and how purchases are funded. The advent of online estate agents, HIPs and e-conveyancing is beginning to revolutionise the market, and selling privately online is now a serious alternative.
When it comes to buying and selling property, there are many nasty traps that await the unwary. Collapsing chains, abortive fees, gazundering, gazumping and hidden mortgage penalties can prove ruinously expensive and emotionally devastating.
On average, people in Britain move house 3.4 times during their lifetime and it’s an unfortunate fact that at least one in every three transactions is likely to end in failure.
Although the market in 2009 will be challenging, the good news is that downturns have always presented big opportunities, and there are rich pickings for those who know how to steer a course through the home-buying jungle. The solution for those entering the property market this year is to be super-savvy – armed with the latest professional guidance. Whether you’re a first-time buyer or have dealt in property for many years, the Haynes Home Buying & Selling Manual will make the complex experience as stress-free as possible, enabling you to take control of each step in the process.
This Haynes manual is divided into separate parts devoted exclusively to buying and selling. Because each step is explained in plain English backed by hundreds of colour photos, it’s easy to check what should be happening at each stage of sale or purchase. The author discusses what can go wrong and has proven solutions to common problems.
Professional tips and unbiased advice show how to save money, and obtain the right mortgage when supply is rationed. The mysteries of conveyancing are explained, along with advice on how to get the best from agents, solicitors, lenders, surveyors and auctioneers.
Property expert Ian Rock, a chartered surveyor, is author of Victorian House Manual, 1930s House Manual, Home Extension Manual and Loft Conversion Manual.
Home Buying & Selling Manual by Ian Rock is published on Thursday, February 26 by Haynes. Price £19.99. Available from most bookshops or direct from www.haynes.co.uk