Following the latest Government advice on home moving during the Coronavirus (Covid-19) outbreak, find out more on how we can support your conveyancing journey.
Try before you buy is a concept we’re all familiar with when choosing a car or finding a new outfit. But could it work for property?
A new online platform is aiming to give potential home buyers the chance to stay in a property before they commit to buying it.
Potential Pads will arrange for a buyer to “test-drive” the property to ensure they like it enough to go through with a purchase.
Staying overnight or for a weekend lets them check out the fixtures and fittings, scope out the neighbours, neighbourhood and schools and find out any pros and cons of the home itself.
The Daily Mail reports that Potential Pads works like a property-selling AirBnB, bringing together the sellers of high-value properties and those in the market for such a home.
Lynne Maplanka is the founder and director of Potential Pads. She told the Mail: “I thought to myself ‘if home buyers can pay to stay in a hotel, why wouldn’t they pay to test drive their future home?’.
“It is a platform that helps weed out the time-wasters and is an incentive that speeds up the selling process of a property, all the while making money for the seller before the property has to be sold.”
She added: “We try on a dress before we buy it, test drive a car and even get to sample wine before purchasing the whole bottle at a restaurant.
“So why not try before you buy that future property? Most individuals will be parting with a lot of money.
“The concept may not be ideal for everyone, but we hope it will be the future of buying and selling property.”
Fran is the content writer for Capital Conveyancing, producing articles on all aspects of the conveyancing process and around the UK property market in general. If there is a topic you'd like to see covered on these pages, please drop Fran a line on [email protected]