West End Property Sales: Completion Dates

The final closing date is usually an important item in the negotiation of the purchase agreement on a home.
This is the day when the buyers get their ownership papers and the sellers get their money. It is important to remember that contracts pinpoint a specific date but can be delayed due to factors beyond the buyer’s control. The date will usually be set as soon as the title search and lender’s paper work can be completed, however, anything can upset the closing schedule. Something in the buyers credit history may have to be cleared up or monies are not transfered on time.
These situations rarely cause the transaction to fall apart, but they can wreak havoc with your moving schedule. We will keep you up to date on the progress of your completion in order to avoid delays and minimise any inconvenience.

West End Flats: Fixtures, Fittings and Contents

Before completion on your new home, you will make a “walk-through” inspection to ensure that the property is in the same condition as it was when the purchase agreement was drawn up.

Some sellers convey the appliances and major systems “as is,” offering no promise that they will be in working order.

Other agreements require all systems, such as heating, plumbing to be operational. It depends on the terms that are negotiated between the buyer and seller.

During this inspection you should check the appliances by turning each one on and letting it run a full cycle.

This gives you a chance to make sure that any repairs that were to be made by the seller prior to completion have been made.

These details are much easier to work out before rather than after you have taken possession of your new home.

West End Property Sales: Serious Inspections

When you are involved in the process of buying a home, it is safe to assume that you will probably find one that you like, make an offer, and purchase it.

There are many steps along the way, and more and more buyers in the market today want guarantees.

Inspections by structural engineers and environmental specialists often turn up something wrong with the property you want to buy.

Many sales have been halted or delayed because asbestos or lead was found on the property.

If a problem has been found with the property you want to buy, ask yourself two questions:
1) Can the problem be fixed?
2) If so, what will it cost to repair it?

Other problems could keep you from purchasing a property, such as the house is located under electro-magnetic power lines.or a Night Club is to be built next door.

We can also give you any information you need about nearby public transportation, schools, shopping, and recreational facilities.

West End Apartments For Sale:

No matter how much storage space they have, most people feel that it’s never enough.

Most buyers put storage space high on their list of priorities for a new home, and all sellers must face the minor indignity of having prospective buyers open all of the cupboards to determine the size of each one.

Even an enormous cupbord looks small if it is cluttered. Try and be as organized as possible while your property is on the market.

If you have too many things, do a ‘car-boot sale’.

The areas that you have for storage will look much more spacious and attractive if they are neat and well-organized

Central London Property Investments

The potential for income, appreciation and possible tax savings makes investment property especially attractive.

It is important for you to get professional advice before you decide to buy investment property.
You may want to start with a personal financial advisor who can help you set your investment goals.

We can help you select a competitively-priced property that meets these goals and can answer questions about why a particular property would be a solid investment.

What features would make it easy to rent?

What kind of maintenance expenses are you likely to incur?

What will your cash flow be, and how will the tax savings affect your bottom line?

While we cannot predict how much a particular property will appreciate, we can give you the history of price trends in our market area.

LDG West End: Past, Present and Future

With 20 years experience and a wealth of West End knowledge, we’ve witnessed many changes over the past two decades, in both the local property market and our own personal growth as central London’s bespoke estate agent.

Mobile phones were the size of bricks when it all began back in January 1987 and Clare Moll left her life as an opera singer to join forces with Laurence Glynn and found LDG.

Originally established at 57 Queen Anne Street, LDG resided there until 1989 before moving to the nearby 70 Marylebone Lane location until 1995. 50 South Molten Street was home until 2001, and then in 2002 we relocated to our current corner at 39 Foley Street, Fitzrovia.

Over the years LDG’s opinion has been sought by various prestigious publications including The Telegraph and Home and Property, with several featured articles personally penned by partner Laurence Glynn.

We are also regularly requested for our opinion by LBC and various London radio stations, and have featured in television interviews and all aspects of the media.

We have an extensive client base which includes celebrities, royals, property developers and investors, and much of our business is by personal recommendation.

West End Apartments for Sale: Multiple Bids

When you are faced with multiple offers on your home, how do you choose the right one? We can help you compare and contrast the terms of each proposal.

First, there is the price. Consider the closing costs you may be asked to pay, and be sure that you understand any other terms that might reduce your net profit.

Can you work out a mutually agreeable date for you to move out and for the buyers to move in?
How “clean” is each offer?

Do the buyers have another property to sell before they can close on yours?

Can you get reasonable assurances that the buyers will be able to qualify for the financing they will need?

We can help you weigh the relative merits of each offer, so that you can accept–or counter–the best one, and line up one as an alternative.

London Property Sales: Finding a Buyer

Selling a home is one of the most complex transactions that most people are ever involved in.
Finding a buyer is often the easy part!

When you find someone who wants your home and who has the money to buy it, it is still a long way to the closing table.

You must first negotiate a purchase contract that covers the price and all the terms of the agreement.

How much of a deposit will the buyer put down?

When and how will the transfer of title occur?

Under what conditions can either the buyer or seller back out of the contract?

There should always be a complete home inspection. Having a good agent to handle the details after a home inspection can make the difference in a successful transaction or a failure.

The buyer must obtain financing, and the lender’s appraiser will have to agree with the sale price. When clear title has been established, you can sign all the necessary papers to finalise the sale.

West End Property Sales: Property Valuation Report

Many sellers think that the price of their home is determined solely by what they are willing to accept and what the buyer is willing to pay.

There is one more variable that can complicate the sale of a home–the Valuation Report.

To protect the interest of their investors, the mortgage lender hires a Surveyor to give an independent, objective evaluation of what the property is worth.

If the appraised value is lower than the selling price, we can give the appraiser information about neighbouring homes that have recently sold that support the seller’s price.

If an appeal to the Surveyor is not successful, some delicate negotiations will follow.

Both the seller and the buyer may have to make concessions to make the transaction work.

The bank may ask the buyers to increase their down payment or ask the sellers for a reduction in price.

West End Property Investments: Loan Pre-Approval

Many lenders help prospective buyers get pre-approval for a mortgage loan before they begin a serious house-hunting effort.

Give our Mortgage specialists all of the information about your assets, income, and debts so they can tell you how much money you will be able to get under the available loan options.

Our specialists will do a credit check and work with the lender to straighten out any problems with your credit rating.

Pre-approval from a lender can make you more attractive to the seller when you find the home you want.

Occasionally multiple offers come in on a house, and you find yourself competing with other buyers.

In that case, it is helpful if you have included a letter from the lender with your offer stating that you have an approved loan and are, indeed, qualified to buy.

This will also save you time by eliminating from consideration any homes that you would not be able to afford.