It's a tough world out there being a buyer in the London property market.
The number of properties coming to the market hasn’t kept up with the ferocious and ever-growing demand from buyers. This is of course great news for our sellers who are often gob-smacked at the level of interest our marketing generates and the prices we’re achieving.
A prime example is a recent sale at Sumatra Road NW6. There was a staggering 76 viewings and 27 offers resulting in a sale price way above the asking price. Competing with 75 other buyers is, let’s be honest, pretty impossible.
You can read the full story here - Ham & High Sumatra Road NW6 story
Some good news might just be around the corner the number of valuations we’re conducting is up 22% compared to this period last year, which should translate into an increased number of properties filtering onto the market throughout 2014. Perhaps one of these properties will be yours…
The Finishing Line
You might think that an estate agent’s work is complete when a property sale is agreed between vendor and buyer.
Not so. In fact, some could say that finding the buyer is the easy bit and that there’s a long way to go before the seller can sail off into the sunset.
First hurdle is: The survey. Should the survey throw up some issues such as damp, structural issues or even matters concerning the agreed sale price, an experienced agent will be able to advise, troubleshoot and keep the sale ontrack.
Next step – keep everyone talking. Communication is key. Solicitors representing the buyer and seller often get distracted by other cases they are dealing with and so it’s vital that the agent keeps the communication going between each party to get the sale “over the finishing line.”
The chain: Frequently, there are related sales up and down the chain and each property has the ability to affect the next. A good agent will liaise with the other agents involved trying to spot potential problems in advance, matching up dates for exchange and completion and generally trying to keep the chain alive, the momentum going and all involved calm and happy.
This is what should happen behind the scenes at a good estate agency and is part and parcel of daily life at Dutch & Dutch.
Boris Bikes in West Hampstead?
As active members of the West Hampstead Business Association we helped arrange a Q&A session recently with London Mayor, Boris Johnson, for local NW6 businesses and residents. Held at the WetFish Café, (one of our favourite West Hampstead eateries), it addressed the usual concerns about parking, business rates and traffic congestion.
Having Boris in West Hampstead got us thinking… Would West Hampstead benefit from a “Boris Bike” bike dock? We’re all for it here at Dutch & Dutch and thought the obvious place to position it would be outside the overground station - as long as it doesn’t take up space used by our well-loved Farmers' Market.
We’d love to hear your thoughts. If consensus is positive, the West Hampstead Business Association will do their utmost to turn it into a reality.
FROM THE ARCHIVE...
In the 1970s industrial action brought Police onto the
streets of Dollis Hill.
Let us deal with the nitty gritty of looking after your investment property or buy-to-let so you can get on with the important things.
You never know what problems the building has until you want to sell it.
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