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Good luck with your search for a home in London.
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.
My main concern about choosing an expert to help me find a home in London was finding someone who would have my best interests at heart rather than just focussing on the transaction.
I undertook a lot of research but they were all ex-estate agents who just wanted to ensure a sale was done to get their commission. However, Mercury Homesearch seemed to have a completely different ethos with the focus very much on protecting their members’ best interests, so we asked them to represent us.
Fortunately they more than lived up to their reputation. From the outset, they fully understood our reservations about the typical London house and didn’t waste our time with unsuitable homes. Indeed, throughout the search process, they were very open about any minor drawbacks, even of the properties they recommended, as no property is perfect.
After a few months, a house that had been on the market for a couple of years became of interest as Mercury were aware that the seller had become more flexible and that it could now be negotiated to a good price which would bring it within our budget.
We were keen to progress the negotiations quickly. However, they devised a negotiation strategy which they felt would give us the highest probability of achieving the lowest price possible. This involved moving more slowly than we would have liked but they managed to secure a significant reduction of £500,000 from the asking price which in hindsight we would not have achieved if we had tried to secure the property quickly.
This proved that they had our best interests at heart because they could have secured the property quickly at a higher price and received a higher fee. Instead, they had the confidence and professionalism to give us the best advice.
They then co-ordinated surveyors, solicitors and financiers to ensure a smooth transaction. In addition they also assisted with choosing a design and build team to fully renovate the property by shortlisting three reputable companies and overseeing the initial site visits.
In short, they changed what would have been a time-consuming, stressful and expensive process into a highly enjoyable experience and we have acquired our perfect home at a favourable price. I cannot recommend Mercury Homesearch highly enough and you would be making a mistake if you did not have them represent you. Pete Murphy (Royal Borough of Kensington & Chelsea)