Monday 3 March 2008

The Dreaded Inspection Visit

Love them or hate them, you just can't avoid the fact that inspection visits (IV's) exist. A lot of people wish they didn't, but then there is nothing to force them to go on one, and some people can actually find the 'property of their dreams' while on one. Ok, so not very many people do, but there are some out there who can put their 'dream home in the sun' down to an IV.

If you want a full run down on what an IV actually consists of you should visit our advisory article on the site (link). This gives you a third party view of what an IV consists of and what you can expect if you go on one.

Let's be honest, if you really want to get to know an area and are intending spending any length of time there in the long term, the least you can do is commit to flying there for a few days (or longer preferably) yourself. With the advent of low cost carriers it isn't going to burn too much of a hole in your pocket to visit (and if it does do you really want to buy there anyway?).

As the article states, if you're going to spend a considerable amount of money in an area then use an IV sparingly, when you know the area quite well, or you could well end up being pressurised into buying something you don't really want. At best you probably won't get to see as much property by as many different developers as you would wish and usually very few, if any, resales because the commission on them is far lower than it is on 'new build' or 'off-plan' purchases.

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