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England : Real Estate Advice

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  • Local Info1
  • Home Buying6
  • Home Selling1
  • Market Conditions0

Activity 9
Sun Jan 22, 2012
Julann Carney answered:
Although I am not an attorney it is my understanding that leases (dependingon their language) are binding contracts. As an example, if someone made an offer to purchase a house, and subsequently passed away before closing, that contract to purchase would have to be honoroed by the estate of the person that wanted to purchase it. Of course every situation is different.
I would recommend contacting the heirs of your landlord to determine if they would be willing to release you from the lease that you are under. Health & safety issues such as those that you describe - water coming through the electrics, etc. could potentially be the main reason to request release from your obligation.
Very difficult situation.
I wish you the best of luck. If the heirs are unwilling to work with you it may pay in the long run to retain an attorney.
Julann Carney
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Sat Feb 26, 2011
Andrew Mooers answered:
There is no bad time to buy real estate and start building equity. Do your home work so to speak. Explore communities, neighborhoods, asks boatloads of questions. Then see what properties in your price range are selling for. Zero in on the best deals, don't be afraid to make offers. Don't feel pressure to take the first pretty property that comes along. Shop for the best interest rate. But start owning not renting, throwing cash in the trash. ... more
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Tue Sep 7, 2010
John Hamilton answered:
Hi Caroline,
My wife is British, from Ipswich, and she has lived in the US for 38 years as a Legal Resident Alien (sounds spooky).
Contact me if you think we can be of assistance. John ... more
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Sun May 9, 2010
John Juarez answered:
Mandy,

If you are buying a home in England, as indicated, I have no clue as to whether or not houses are bought and sold in England in the same manner that they are in the U.S.

Most other U. S. real estate professionals are similarly ignorant of real estate practices in England.

Beware of the advice that you get form U.S. real estate agents as it applies to real estate in England.
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Thu Jan 21, 2010
* answered:
This is a question for a lawyer. If you have signed a contract and the builder does not complete their part, building the house, then it should be a breach of contact. The builder can not sell the house with out you signing off and refund of the earnest money. You might have grounds for redress. ... more
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Thu Feb 12, 2009
Bill Eckler answered:
Hi Lorraine,

If you find the right property early in your two week stay it is very possible to have an executed contract prior to leaving.

To expadite this process, it is critical that you come with pre-arranged financial plans. If paying cash, you should have a letter from your bank varifying you have adaquate funds to cover the sale of the home.

On the other hand if you are financing the purchase, it is important to be prepared to present a letter of pre-approval for funding.

IMPORTANT: without these arrangements you chances of completing this within your time frame are seriously deminished.

Please feel free to contact us with any additional questions.

Best wishes,
The Eckler Team

Michael Saunders & Company
billeckler@michaelsaunders.com
941-408-5363
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Fri Jan 23, 2009
Ken Dyke answered:
what does closed sale on a property?
0 votes 6 answers Share Flag
Mon Dec 8, 2008
John Hamilton answered:
Hi Debbie,
Your question begs a question or two.
1. What area in the home are you extending?
2. How large of an extension do you want to do?
Recommendation: Contact at least three reputable builders in your area and get bids. Now is a great time to get them to come out as they are looking for work. Good Luck!
John
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Sun Apr 20, 2008
Ben answered:
Another yes! from Quickpropertysales.org

Especially if it's a Uk repossession property under offer. They are by law suppose to market the property up until exchange. This makes it sometimes good for people wanting a last minute bargin and of course the banks/owners who receive a high last minute offer but often bad for the original buyer.

www.quickpropertysales.org
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