In the world of property sales, the very utterance of the words “Japanese knotweed” is enough to induce migraines for estate agents nationwide, often accompanied by a deep sigh and a heavy facepalm.
The reason for this is that the identification of Japanese knotweed on a property can pose many issues for estate agents and can even result in the loss of a house sale completely.
To avoid such issues, it’s well worth boning up on your knotweed knowledge and getting to grips with the ins and outs of this vexatious vine.
Japanese Knotweed House Sale
Depending on where you look and who you ask, the legalities around highlighting Japanese knotweed to potential buyers is somewhat of a grey area. On the part of the estate agent, it’s deemed imperative, while the selling homeowner is far less cut and dry.
Japanese knotweed itself isn’t classified as a “notifiable weed”; however, since 2013, the Law Society’s TA6 form has included a specific question on the subject of knotweed. Failing to disclose such info when prompted may result in a breach of Consumer Protection Rights regulations.
While it may seem like the dirty little secret you don’t want to let see the light of day, keeping it under wraps can be an unwise and costly decision. Deliberately neglecting to include such details could provide a case for misrepresentation and leave you liable to legal action.
Japanese Knotweed House Sale Tips
If Japanese knotweed has been identified on a property you are looking to sell, it’s should not be looked upon as a reason to abandon ship and call it a day. As the old saying goes, if you’re not part of the solution, you’re part of the problem – so take the bull by the horns and start problem-solving.
First things first, make sure the diagnosis is legit. Japanese knotweed can look uncannily similar to other plants, so it may be worth consulting an expert to identify that the plant in question is indeed the dreaded one from “The Land of the Rising Sun”.
Once factually confirmed by a pro, it’s worth advising the homeowner to take steps to eradicate the problem. Hasty implementation of a knotweed removal strategy can help salvage a sale from the jaws of retreat.
If the seller agrees to conduct such a course of action – a wise move on all parts – it’s also recommended that you direct them to a removal specialist that offers some form of guarantee or warranty as insurance should knotweed return. This provides a “Get Out of Jail Free” card for all parties, including the buyer.
Japanese Knotweed & Mortgages
Mortgage lenders are inherently cautious from the very moment Japanese knotweed is brought into the equation, primarily due to its potentially harmful effects on property value.
That being said, many lenders will be more forgiving to such a situation if a Japanese knotweed management plan has been implemented. This shows that steps have been taken to remove the issue and that the value of the home will, in theory, be unaffected as a result.
As such, it’s extremely important for estate agents to push for a removal plan when discussing options with the seller. The sooner a removal plan is implemented, the better and the more likely you are to have the sale go through as planned.
Japanese Knotweed & Estate Agents
When it comes to estate agent advice for houses with Japanese knotweed, the aim of the game should always be this: don’t lose out on a sale because of Japanese knotweed.
As the property’s estate agent, it’s your responsibility to help steer the ship to ensure a smooth transition. Providing good advice to the seller and effective communication with the buyer can help diffuse any potential for the sale falling through.
For more information on selling a house with Japanese knotweed or the effects of Japanese knotweed call Taylor Weed Control today on 029 2039 7554. Alternatively, click the link below to get in touch online and request a FREE knotweed survey.
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