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Mr R.D. (Lancaster Gate)I wished to acquire an investment property in London to take advantage of the opportunities created by Brexit uncertainty. I had previously bought my own home in London and that had highlighted what a time-consuming process acquiring a property really is; time I simply don’t have to spare calling estate agents and then having it wasted viewing properties that are frankly average or worse. I had requested Jeremy McGivern’s book a couple of years ago and have been receiving his market reports and updates, so knew that he had not only an exceptional understanding of what was happening in the market day to day, but his understanding of the history of the London property market and the property cycle gave him and his team an additional edge. Having become a member of Mercury Homesearch, buying a property became a completely different experience. Instead of being constantly sold to by the estate agents, Mercury spent most of their time advising me not to bother seeing any properties as they felt they were not of the requisite standard. They eventually found one particular opportunity for me, which also involved renting the property back to the owners thus avoiding any “rental void”, they negotiated a favourable price and also handled the elongated purchase process – there were legal issues on the seller’s side that complicated matters – co-ordinating the solicitors & surveyors to ensure a successful outcome. I now have an excellent investment property bought at a good price. If you are thinking of buying a property in London, you should contact Mercury Homesearch to help you.”
Mr. C .Thomsen (Kensington & Chelsea)
Mercury was recommended to me by a number of people. I had bought property before in London, but it was clear from what our friends had told us, that we would find a better property if we had Mercury represent us due to their network of contacts and expertise in valuations and negotiations.
We wanted a house with access to communal gardens and the first property they recommended was obviously a good deal from a financial perspective but was not quite right for us. However, the second property pretty much matched our wishlist with the exception of the first floor which had been altered by the owners.
Fortunately, Mercury has a huge archive of property data and they were able to show us a historic floorplan and photographs which showed the first floor of the house in its previous layout – an exceptionally large and wider than average room with fantastic ceiling height. In fact, the room is unique as planning had somehow once been agreed to remove walls that normally have to remain.
In addition, they were able to provide me with reams of data and detailed information of several other similar properties that had sold in the area, so I had an accurate list of comparators and could see what represented fair value and what would represent an excellent purchase price.
I was surprised by how quickly they found the property but at no time did I feel pressurised to buy. Indeed, Mercury devised a couple of negotiating strategies and advised us to delay making an offer if we wanted to achieve the lowest price possible.
We followed their advice and, in short, we acquired the property for significantly less than the asking price and also 7.5% below a previous offer that they had accepted. Mercury then co-ordinated our solicitors and the surveyors to ensure a smooth and stress-free transaction.
So, I strongly recommend that you become a member of Mercury Homesearch if you are planning to acquire a property in London. They have delivered on their promise and we now have our ideal home, acquired at a great price and we avoided all the wasted time, hassle and stress normally involved with buying a property in London.
Acquiring a fantastic investment property in London would have been impossible without Mercury Homesearch.
I live in Canada so trying to acquire an investment in London was not going to be easy. I looked at various websites to try to get a feel for the market, but it was clear that I was neither seeing good opportunities nor able to truly understand valuations.
I felt many of the photographs on the websites were probably misleading and, of course, estate agents are trying to sell the properties for the highest price possible so the descriptions of each apartment were overly optimistic.
I knew that if I relied on the websites I was almost guaranteed to make a hugely expensive mistake. So in search of more information, I requested a report and book on acquiring property from Mercury Homesearch.
The strategies and tactics revealed in the book showed me exactly what I needed to do. Nevertheless it seemed clear to me that I would find a better property, achieve a better price and avoid all the hassle involved if I asked them to represent me.
I was not disappointed. Indeed it was refreshing to have someone advise me not to rush into buying a property. They shortlisted only a small number of properties, organised tours for when I was in London and were very clear about what they felt were the drawbacks of each property. There was no ridiculous sales pitch or attempts to pressure me. I was simply given honest and clear advice.
Although the initial properties exactly met my requirements, they felt they could find a better opportunity. I followed their advice and then they discovered a newly refurbished apartment in a fantastic location where they felt there may be some flexibility with the price.
The developer played hardball in the negotiation but the team at Mercury devised a negotiation strategy which meant that we got a discount on the asking price and they also negotiated the full suite of designer furniture and appliances to be included.
They then co-ordinated the surveyors and solicitors to ensure a smooth transaction. I now have an excellent property bought at a great price and have avoided all the wasted time, stress and other problems I had anticipated. I strongly recommend you ask Mercury to help you if you are planning to acquire a home or investment in London.