Twisters: The newly-released Film and Essential Legal Preparedness as a Property Buyer

The newly-released Twisters movie reminds us of the unpredictable power of nature. Join us as we unpack this long-awaited sequel to the iconic 1996 film. We will discuss the importance of thorough legal preparation when buying property.

Our team at Burtons emphasise the necessity of comprehensive checks and safeguards to ensure your home or investment is secure, no matter the weather.

Here are four crucial steps every property buyer should take:

1. Check the Property History

One of the first steps in the property buying process should be:

Getting a detailed examination of the property’s history. Our team at Burtons will review information disclosed by the buyers and look for any potential issues. A good example could be, if there is mention of an insurance claim in the Property Information form.

It’s essential that your solicitor does a thorough search through all information provided. Historical records can reveal previous issues that may not be immediately obvious during a casual search. These issues could include structural damage from storms, flooding, or even previous tornadoes.

Why it is important:

Understanding the property’s history can prevent unpleasant surprises. And significant financial burdens in the future. It also gives you leverage in negotiations, which could lead to the lowering of the purchase price. Or prompting necessary repairs by the seller before finalising the sale.

2. Check the Environmental Search for Environmental Concerns

An environmental search is another critical aspect of due diligence. This search helps identify any potential environmental risks that could affect the property:

• such as flood zones,

• contamination from nearby industrial sites,

• or areas prone to being affected by climate change.

We’re not suggesting that Crawley isn’t going to become the next Tornado alley, but we’re not not suggesting it either…

Why it is important:

Knowing the environmental risks associated with a property can influence:

• your decision to buy,

• the type of insurance you might need,

• and any necessary precautions to protect your home and investment.

It ensures that you are fully aware of potential hazards and can plan accordingly.

3. Having a Structural Survey

A structural survey is an in-depth inspection of a property’s physical condition, typically conducted by a qualified surveyor. This survey examines the integrity of the building’s structure, identifying issues like:

• foundation problems,

• roof damage,

• or other structural weaknesses that could worsen by severe weather.

We will check the section of the survey marked for the legal advisors attention and take necessary action where required. If you have any queries that you want related to the seller or repairs carried out, we will pass your demand on too.

Why it is important:

A structural survey provides a comprehensive understanding of the property’s condition. A structural survey helps you avoid costly repairs in the future. If the survey reveals significant issues, you have options. You could reconsider buying the property, negotiate repairs or aim for a price reduction from the seller.

4. Insurance: Ensure the Property has appropriate cover from Exchange of Contracts

Once contracts are exchanged, the property becomes the buyer’s responsibility, making it crucial to have insurance in place from this point forward. This coverage should include protection against natural disasters such as tornadoes, especially if the property is located in a region prone to such events. Think we’re joking? A tornado flipped over a caravan in Staffordshire in 2024. Look it up!

It is crucial to have insurance in place from when contracts are exchanged. The property is now the buyer’s responsibility. The coverage should include protection against natural disasters, such as tornadoes, especially if the property is located in a region prone to such events. Think we’re joking? A tornado flipped over a caravan in Staffordshire in 2024. Read the BBC article here.

Why it is important:

By having insurance coverage from the moment you become legally responsible for the property provides peace of mind. You are prepared for any unexpected events, such as a surprise tornado, and aren’t left financially vulnerable.

Let the film “Twisters” serve as a reminder of the power of nature and the importance of thorough legal preparation when buying property.

How we can help you as a property buyer

Our team our dedicated to guide you through the essential steps – ensuring that your home or investment is protected against all eventualities.

Whether it is:

• checking the property’s history or

• conducting environmental and structural surveys, our team is here to support you every step of the way.

For more information and personalised advice, contact us here.