Sales FAQs

Frequently Asked Questions - Sales

What do I need to do begin the sale of my property?

Initially we will need a signed set of terms and conditions from any client before the property can be offered for sale. The marketing materials for the website, window display, sales brochures and property portals can be ordered as soon as we have been instructed.

What should I do before the flat is ready to market?

We would need to take a set of photographs, create a floor-plan and have an EPC carried out if you do not have one. EPC stands for Energy Assessment Certificate and once you have obtained one for your property it is valid for 10 years.

How much is the fee and when is it paid?

2% inc VAT, fee note is raised when contracts are exchanged and paid on completion of the sale by your solicitor.

How long does it take to sell a flat?

Depends on the asking price but the Central London market moves quickly and normally within 4 weeks acceptable offers should have been received. Once an offer has been accepted the period the property is under offer is normally 6 – 8 weeks at which point exchange of contracts should occur leading to the agreed completion date. Currently most properties are taking only a maximum of 2 weeks to achieve acceptable offers.

Where do you market a property?

Our Central London office is situated on a busy crossroads on the borders of Bloomsbury and Clerkenwell close to Chancery Lane and Farringdon underground stations. There is a higher number than average of people who walk-in to our office and this type of enquiry where you meet face-to-face is most likely to lead to a sale or letting. Our new website was launched 2 months ago and is chief component of our sales and marketing. We have an established data-base of potential buyers and these buyers will have shown a willingness to compete for property and ones who have their finances in place; The other main source of people looking to purchase or rent are the portals. There are now two main prevailing property portals which are Rightmove and Zoopla. We are the leading Bloomsbury agent for NetLettings and use Gumtree, Homes and Property and other suitable portals for specific properties according to their nature.

What effect is Crossrail having on property prices?

The impact of rail and other infra-structure projects can be seen with Waterloo and Bankside in 1990s, Kings Cross in 2000 – 06 and Paddington recently with the development of Padidngton Basin. Now the same effect can be noted with the proposed Northern Line extension to Battersea. There can be a huge effect of a rail infra-structure project, especially when that link will provide a new and speedy route to Canary Wharf attracting a new set of high level professional tenants and purchasers. Currently prices have risen well above the market standard and keep rising higher than market predictions and this should continue. Already the area around Farringdon Station is seeing high level commercial investment for buildings with companies like Amazon moving their European head office by Smithfields and what will be the entrance to Farringdon Crossrail station.