Developers and Vendors

Once we agree terms, we look for a mediation contract, which allows us a period, usually up to 40 days, to research and promote the properties to our clients. During this period the Developer/Vendor can not sell any of the agreed units elsewhere. Buyers will pay a reservation fee (which should form part of the purchase price) and a deposit on exchange of contracts.

We will instruct independent valuations to be carried out by RICS surveyors. These will be “arms length” and at our cost. The purpose is to verify the comparables for the open market valuation. For off plan opportunities the desk top valuation is based on “if built today, what is it worth and what will it rent for” In every case, the contract price is the purchase price.

Reservation forms and reservation fees will be sent direct to the developer/Vendor, deposits and other fees will be sent direct to the solicitors to be held in escrow until exchange of contracts.

We source, research and analyse the property before commending it as appropriate for medium to long term investment. Fees, which are paid by the Developer/Vendor, vary according to each opportunity.

Our fees do not form any part of the negotiated genuine allowance. The fee is usually split, with half being paid at exchange of contracts and half being paid on completion. This ensures that we continue to provide a service right through to completion.