Purchase and Sale Flashcards
What is an acre of land worth near your office at the moment? How does this differ from when you were on placement?
What is the difference between freehold and leasehold?
Can you give me an example of when you might see a leasehold sale and what effect it might have on the value?
What should be in your sale TOB?
What are the Money Laundering / EPC etc requirements / procedure for putting a property on the market?
What would you do if you suspect an offer is from someone who is laundering money?
What is the difference between an overage clause and a restrictive covenant?
Can you explain more about why no other method of sale was suitable for XXXX?
Level 2 answer - No, we went for private treaty because that is what the client instructed us to do
Level 3 - we didn’t go to auction because at the time COVID prevented us from having an auction in situ and looking back on it, it was the right thing to do and those purchasers wouldn’t have been able to compete and there may have only been one bidder so reserve may not have been met
Can you give me an example of reasoned advice when you have been selling a property?
