How to Find the Best Property for Sale in London
Chances are, if you work and have a family, your time will always be limited. If you are living a successful lifestyle, you may find that timing is your most precious asset. That said, if you are looking for
property in London, making hasty decisions can cost you an enormous amount in terms of money and frustration. In order to keep your stress levels to a minimum, you should do what you can to reduce the overall number of property viewings. There are also some other things you can do to find the best property for your needs with the least amount of difficulty.
Tip 1: Make Sure You Know what You Want
Many people begin searching for property to buy without making a written list of all the things they are looking for. Unfortunately, when you start viewing properties, it may be very hard to keep all of these items in mind. When you have a checklist in hand, you can easily compare property features based on your initial discussion with the realtor. This will help you reduce the number of properties that go on the list for viewing. It will also help you stay focused on your needs as opposed to being swayed by the influence of the realtor.
When it comes to establishing your list of criteria, you should include the following in you checklist:
Building Characteristics
Is the building a house or a flat?
Is it attached to another building?
Is there elevator access to the upper floors?
How many bathrooms and bedrooms in each suite?
Will you need to carry out extensive renovations?
Do you want porter service?
Do you want a garden?
Is off street parking available?
Leases and Contracts
What is the shortest lease term available? Is it possible, or even necessary to extend the lease?
Are there service charges or additional grounds maintenance charges? This is especially important to consider if you are purchasing property for resale.
Location
Do you have a specific street or other locality in mind?
How important is it for you to have fast access to stores, gyms, and airports?
Will you have to commute excessively in order to get to work or school.
Miscellaneous
Which of the five characteristics on your checklist are most important?
What things will be deal breakers?
What is your firm budget range?
How do your answers compare with those of others who will be living in the home with you? Ideally, if you come up with different answers, you should create a reconciled list that will be amenable to both of you.
Tip 2: Create an Efficient Purchasing Team
After you've established a firm checklist of features and characteristics, you will still need some help when it comes to locating suitable properties. If you do not seek help from a realtor that specializes in London properties, you will have a very hard time finding the perfect location. In many cases, finding an experienced solicitor can make an enormous difference in terms of time spent viewing properties, as well as getting the right list of prospective locations.
When you hire the services of an experienced London realtor, you will avoid the possibility of losing a chance to buy the best properties. A London realtor is also far less likely to make the kinds of mistakes that cause an endless number of delays during the closing process. In a sense, hiring the right solicitor can easily mean the difference between succeeding and failing when it comes to London property acquisitions.
During the process of searching for a solicitor, there are some other professionals that you should look to have in place. This includes a loan officer, or some other financial expert that will see to all of the details associated with obtaining a mortgage. Ideally, you should complete as much of the application process as possible before you start searching for an actual piece of property.
Before you actually start looking at properties, you should also contact a number of professionals that will help you evaluate the building. Even though you may want to believe that the home has been evaluated prior to sale, any number of things can happen to an empty building. Therefore, you will be well served by getting an independent overview of electricity, plumbing, foundation, and roof condition prior to closing the deal.
Tip 3: Be Prepared to Negotiate
There is no question that other people will be looking at the same properties that are of interest to you. In some cases, this may cause the price to go up if others are willing to pay more. You should always be prepared to look for ways to negotiate terms that are more to your liking.
As a general rule of thumb, finding the best property in London will require being organized and paying attention to detail. While some aspects of the buying process may be tedious, you will lose all of your advantages as a buyer if you ignore them. Without a question, once you move into your new home, you will immediately realize why buying property is never a decision that should be made lightly.
Press Contact:
Miss. Claire White
W. Why Media
E. claire@whymedia.com
Leave us a review
