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Buying a house that an agent currently sorts

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Author Topic: Buying a house that an agent currently sorts  (Read 298 times)
Newbie
Posts: 43

I like property

« on: October 21, 2016, 10:37:23 AM »

Hi,
I've started the process into buying another property, the house I'm buying is off a friend, she an estate agent that covers everythingdoes/ for her.
I've got my own property that I rent out do it myself, and will be taking over from the agent when I've got this one too.
Ive only been renting for 16 months very naiive, but I've learned the hard way, from an abusive tenant that has broken several rules on the tenancy agreement. (served aS21).
Hence why I'm now checking everything and trying to gain as much advice and knowledge as possible.
What  I've read is that agents don't work quickly to process things, especially if I'll be taking their business!
The house I'm going to buy currently has sitting tenants in, been there for the last 7 years, I have no intentions of moving them on.
Is there anything anyone that's being in my situation I should look out for?
When it comes to the bond, I'm guessing it will be the agent that have to reimburse it back to the tenant and the tenant then gives me it to deposit, or can it be transferred or updated on the deposit site.
And info would be greatly appreciated.
Many Thanks in advance
Global Moderator
Hero Member
Posts: 2077

I like lots of things

« Reply #1 on: October 21, 2016, 01:41:58 PM »

Easy - don't buy it until the current owner brings everything back into their own sphere of control and the Agent is removed from the equation. The problem is their problem. Don't easily take it onto your own shoulders.
Newbie
Posts: 43

I like property

« Reply #2 on: October 21, 2016, 09:25:00 PM »

Many Thanks Hippogriff, your a life saver!
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