Is it hard to sell a property that has been underpinned? - in London, Hackney. Should a first time buyer avoid this type of property?
Asked on Feb 22 2011,
House Prices in London |
Tricky one to answer really, if the under pinning has been done correctly and has a guarantee etc then I see no worries, Personal myself I would avoid buying a property that has had progressive subsidence as you never know when it might come back again.
Answered on Feb 24 2011,
Some might say that it is the soundest house on the street now it has been underpinned. But, it is possible that you are buying into the risk that it could return, which might be a bit of a headache especially as a first time buyer. If it were to return, it may be difficult to sell or prospective buyers may try and get a bargain. That said the problem is so common in London. If you love the place and want to take the leap make sure you stay with the exisiting insurer and dont change insurance companies. If you are more impartial about the place, it might be an idea to keep looking.
Answered on Mar 20 2011,
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