What to do if a ‘Further Action’ is flagged in a Property search report?
A search report can make or break a Property deal, so it’s vital that you are provided with the best analysis possible. Homebuyers often get cold feet if problems arise, but this can be overcome if a risk can be further explained and understood using additional information relevant to that specific property or local area.
We understand when a Further Action is identified it can be frustrating for all parties. But a Further Action is not introduced as a barrier, it is there to protect the homebuyer. It aims to identify potential issues, so they can be dealt with before they cause a problem, potentially saving a lot of time, money and anguish further down the line. It’s therefore vital to be armed with as much helpful advice as possible to inform your forward decision-making process.
Knowledge is power
Homebuyers need to be armed with all the information to make the best-informed decision on what is one of the most important purchases we make. For anyone who has gone through the process, buying a home is stressful, especially when involving time pressures and chains. We all get emotionally involved when buying a property, and anything that crops up in that process can be disheartening but going through the full environmental search process is vitally important in order to secure a safe investment that retains its value when later sold on, and remains a delight to occupy in the meantime.
Make an informed decision
There is no right or wrong in whether to continue with a property purchase. It is a personal choice for each homebuyer, based on the information available. Ashfield have worked alongside Future Climate Info to make this decision-making process as simple as it can be via the FCI Flood Appraisal. This report not only looks to legitimise any risk initially flagged but will also provide guidance on the potential availability of insurance at that Property based upon any outstanding risk.
Affordable and fast
This affordable, Property specific enhanced flood risk review gives you an all-encompassing appraisal of the flood risk. We understand speed is of the essence during the home buying process, and that is why every report can be turned around within three working days. In comparison, a traditional flood report may take up to four weeks to complete.
The review of additional property specific and local information helps to contextualise and, in some cases, downgrade the Further Action status, with the inclusion of legitimate solutions to manage any residual risk that may exist.
Futureproofing your decision
In some circumstances a residual risk may remain, however, we can provide focused solutions that are tangible for that specific Property. The FCI Flood Appraisal also includes general maintenance tips, as well as guidance on any additional assessment required where future redevelopment of the Property is intended through the planning permission process. We aim to bring clarity and confidence to the whole Property-owning process.
Click the below link to take you to the full FCI Flood Appraisal product card or talk to us to find out more.
The review of additional property specific and local information helps to contextualise and, in some cases, downgrade the Further Action status