Material Information and Advertising a Property For Sale
Posted on 23rd January 2024 at 17:48
In May 2022, National Trading Standards introduced Part A of their new guidelines for estate agents when advertising a property. Parts B and C were introduced in November 2023.
As a reminder, Part A required estate agents to make clear the council tax band, price, and tenure of any property being advertised.
Part B and C take this further, and below you will find a summary of what to expect and what you should look for when browsing online.
Part B states that adverts must include the following:
Type of property including floor if a flat and if it is above a commercial premise
Important construction information such as thatched roof and pre fab
Room measurements must be available
Details of utilities including solar panels and electric vehicle charge points
Water supply and sewerage
Type of heating
Broadband available
Any known mobile signal issues
Parking or state none if none available or permit costs if street parking
Part B covers the following
Any known building safety issues such as missing smoke/fire alarms
If the property has cladding
Details of conservation areas, listed building status and tree preservation orders
Any restrictions of use
Details of any rights of way or easements
Any known flood risk
Details of any planning that effect the property
Property accessibility if step free access and the ability to live on one floor
Parts B and C are expected to be visible on all listings from 1st January 2024 and we are working through our older listings to ensure this information is clearly displayed.
We believe this is a good step forward towards helping buyers make better, more informed choices of the properties they wish to buy and to support this we will be helping all sellers who instruct us to market their homes for sale, complete the law society standard protocol forms which we will be able to use to share information with potential buyers.
If you have any questions please do not hesitate to call us on 01452 260993, message us or drop us an email to enquiries@rbwalters.co.uk
Tagged as: Property Market, Selling Your House
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