Mark Lawson spoke to Cathy Hawker at the Financial Times about the upsides and potential pitfalls of the growing super-prime property trend to ‘try before you buy’.
This means that some sellers are allowing potential buyers to temporarily move in before committing to buying and Mark comments that it is “an excellent idea for a prospective buyer but requires a leap of faith for vendors.”
He adds: “The buyer gets to live in the house, see how it works, listen to any noises and learn about the area and the neighbours. It gives them excellent insight — while they check out all the negatives. The only upside for the seller, however, is that if the buyer likes it, they tend to commit fully to the purchase.”
Read the article here.