Once your offer has been accepted, it might feel like you’re almost at the finish line — but there’s still an important step to tackle before you get the keys: the property survey. Surveys help uncover any hidden issues and give you peace of mind about your investment.
At Northwood, a leading name among Barnstaple estate agents, we guide buyers through every stage of the process. Here’s a step-by-step look at what happens with property surveys after an accepted offer.
Why a property survey matters
While a mortgage valuation checks if the property is worth the loan amount, a full survey assesses the property’s condition. This can help you avoid unexpected repair costs and may even offer grounds to renegotiate the price.
Whether you’re buying a first home, investing through property investment in Barnstaple, or seeking a home valuation in Barnstaple, understanding the survey process is crucial.
Step 1: Choose the right survey
There are several types of surveys depending on the property’s age, condition, and value:
- Condition Report (Level 1): Basic check on newer properties.
- HomeBuyer Report (Level 2): Ideal for standard properties, it identifies major issues.
- Building Survey (Level 3): A detailed analysis, recommended for older or unusual properties.
Working with a local estate agent in Barnstaple can help you decide which survey suits your situation.
Step 2: Hire a qualified surveyor
Engage a surveyor registered with RICS (Royal Institution of Chartered Surveyors). Your estate agency in Barnstaple can often recommend trusted professionals.
Hiring an experienced surveyor ensures you get a detailed and reliable report that can influence your next steps.
Step 3: Arrange the survey quickly
Time is critical after an offer is accepted. Booking your survey early can prevent unnecessary delays. Experienced property agents in Barnstaple like Northwood encourage buyers to get the ball rolling immediately to maintain momentum.
Step 4: Review the survey report
Once the survey is complete, you’ll receive a report highlighting:
- Structural issues
- Dampness
- Roof conditions
- Electrical and plumbing systems
- Any urgent repairs needed
If serious problems are uncovered, you might want to renegotiate the price or ask the seller to fix them before exchange.
Step 5: Decide on next steps
Depending on the survey’s findings, you can:
- Proceed as planned if no major issues arise.
- Renegotiate the price based on repair costs.
- Request repairs before completing the purchase.
- Withdraw if the property’s condition is worse than expected.
At Northwood, our team of house selling agents in Barnstaple is always ready to advise buyers and sellers alike on how to move forward confidently.
Step 6: Keep in touch with your agent and solicitor
Throughout the survey stage, clear communication between you, your solicitor, and your top-rated estate agents in Barnstaple ensures any issues are addressed swiftly and the transaction progresses smoothly.
Final thoughts
Organising a property survey after your offer is accepted is one of the smartest steps you can take. By acting quickly, choosing the right survey, and working with trusted professionals like Northwood, you’ll safeguard your investment and move forward with confidence.
Looking for more advice? Contact our friendly team of rental agents in Barnstaple today and take the next step towards your dream home.
