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Contacts:
BARCELONA
BELFAST
BERLIN
BIRMINGHAM
BRISTOL
DUBLIN
DÜSSELDORF
EDINBURGH
FRANKFURT
GLASGOW
THE HAGUE
LEEDS
LONDON
MADRID
MANCHESTER
MUNICH
PARIS
SOFIA
STOCKHOLM
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The doctrine of 'Caveat Emptor' (Buyer Beware) has reigned supreme for centuries. It has disadvantages. Abortive cost and time delay arise as every prospective purchaser has to commission their own survey of a property. Whereas survey reports prepared on behalf of the Vendor, on which the Purchaser may legally rely, can reduce transaction times and scope for negotiation. The preparation of Vendor's Building Inspections, in readiness for sale, is a role with which Watts is very familiar.
The Service:
-
Clarifying the precise extent of the service required
- Reviewing all relevant technical and legal documentation
- Inspecting the property internally and externally
- Co-ordinating the
involvement of specialist sub-consultants in regard
to services installations, deleterious materials
testing and land contamination
- Liaising with other
members of the disposal team such as solicitors,
agents, accountants and investment advisers
- Preparing
a report to the client's preferred format or our own format
- Dealing with
queries raised by prospective purchasers, including
more forensic re-inspection of the property, if
so instructed
- Drafting, agreeing and executing
Warranties and Duty of Care documents in favour
of the eventual purchasers
Why Watts?
Watts has specialised in this service area for more than 12 years, and
is one of the largest practices of building surveyors and engineers to
do so. Watts is independent of investment advisers and agents, and, therefore, Purchasers' interests are not open to compromise by 'undue influence'.
Our network of offices and our staff complement enable us to deal with
single properties or large portfolios, anywhere in the UK,
Ireland and Iberia.
Our clients are mainly independent asset managers, financial institutions
and large property companies. We are able to tailor extensively the precise
scope of our reports, coordinating the involvement of other professional
disciplines, if necessary.
We pride ourselves on our unbiased, pragmatic style of reporting,
and a responsive and proactive approach.
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