West Hampstead Estate Agents Magazine

The estate and letting agents magazine is distributed free of charge to over 50,000 homes in the Belsize Park, Brondesbury, Childs Hill, Cricklewood, Fortune Green, Hampstead, Hampstead Village, Hocroft Estate, Little Venice, Kensal Rise, Kilburn, Maida Vale, Mapesbury Estate, Queens Park, St. John’s Wood, South Hampstead, Swiss Cottage, West Hampstead, Willesden Green areas.

West Hampstead Sales Finding Property Buyers

Selling a property is one of the most complex transactions that most people are ever involved in.

Finding a buyer is often the easy part!

When you find someone who wants your property in West Hampstead and who has the money to buy it, it is still a long way to the closing table.

You must first negotiate a purchase contract that covers the price and all the terms of the agreement.

How much of a deposit will the buyer put down?

When and how will the transfer of title occur?

Under what conditions can either the buyer or seller back out of the contract?

There should always be a complete home inspection. Having a good agent to handle the details after a home inspection can make the difference in a successful transaction or a failure.

The buyer must obtain financing, and the lender’s appraiser will have to agree with the sale price. When clear title has been established, you can sign all the necessary papers to finalise the sale.

London Property Sales: Fixtures, Fittings and Contents Inspection

Before completion on your new home, you will make a “walk-through” inspection to ensure that the property is in the same condition as it was when the purchase agreement was drawn up.

Some property sellers convey the appliances and major systems “as is,” offering no promise that they will be in working order.

Other sales agreements require all systems, such as heating, plumbing to be operational. It depends on the terms that are negotiated between the property buyer and seller.

During this property inspection you should check the appliances by turning each one on and letting it run a full cycle.

This gives you a chance to make sure that any repairs that were to be made by the property seller prior to sales completion have been made.

These details are much easier to work out before rather than after you have taken possession of your new property.

Hampstead Conveyancing: Searches, Fees, Costs & Charges

You have probably figured out how much you will need for your deposit, but don’t forget about the closing costs. These additional costs can add up to a significant amount.

Closing costs will vary, depending upon the financing costs and the time of the month that you close.

We will be able to give you an estimate of all these costs, Local Search fees, Stamp Duty, Land Registration Fees, Land Charges Search Fees, Solicitors Costs, Office copy entries.

There will also be insurance costs for the Building, Contents and Mortgage Loan itself.

We can advise on the best cash-back deals and how to make major savings on these conveyancing costs.

West Hampstead Property Extend or Move?

Your family has outgrown your flat or house in West Hampstead but you have roots in the community that make it difficult to leave. Is an extension the solution?

Get professional advice before you jump into a major renovation project. Decide what changes you want to make, and get bids from several contractors.

When you have an estimate on the cost of the project, talk to us to determine if these changes will be cost-effective.

Over-improving your home may make it difficult to get your money back if you sell it soon.

It is a good idea to talk with friends to get a realistic picture about working with contractors and to determine how disruptive the project will be to your family life.

Remodeling a home is a major undertaking, so be sure that it is the best solution for you.

West Hampstead Property Sales:Cleaning Contractors

Your dog or cat can pose a problem when your property is listed for sale.

Some people have allergies or irrational fears of certain animals, so it is a good idea to put dogs or cats outside or confine them to one area when your house is being shown.

Baking bread, brewing coffee, fresh flowers and even drying laundry can enhance the mood and feel of a property.

Ventillate the house and use aromatic oil burners or pot pourri to eliminate unwanted smells.
Avoid frying or cooking strongly flavoured foods before a prospective buyer’s visit.

Refinancing & Remortgaging West Hampstead Property

Interest rates fluctuate as changes occur in the general economy.

If you purchased your home when interest rates were higher, you may want to consider re-financing your loan at a lower rate.

You will have to apply for the new mortgage and have your current income eligibility assessed.

Depending on how long you have had your present loan, a current appraisal may be required.

The biggest factor in your decision should be the length of time you plan to remain in your home.

If you will be there for only a year or two, it may not pay to re-finance.

If you will be in your home longer, re-financing could provide you with lower mortgage payments.

We can help you work out the numbers and can refer you to reputable lenders.

Buying in West Hampstead:Mortgage Pre-Approval

Many lenders help prospective buyers get pre-approval for a mortgage loan before they begin a serious house-hunting effort.

Give our Mortgage specialists all of the information about your assets, income, and debts so they can tell you how much money you will be able to get under the available loan options.

Our specialists will do a credit check and work with the lender to straighten out any problems with your credit rating.

Pre-approval from a lender can make you more attractive to the seller when you find the home you want.

Occasionally multiple offers come in on a house, and you find yourself competing with other buyers.

In that case, it is helpful if you have included a letter from the lender with your offer stating that you have an approved loan and are, indeed, qualified to buy.

This will also save you time by eliminating from consideration any homes that you would not be able to afford.

London Property Investment

The potential for income, appreciation and possible tax savings makes investment property especially attractive.

It is important for you to get professional advice before you decide to buy investment property.

You may want to start with a personal financial advisor who can help you set your investment goals.

We can help you select a competitively-priced property that meets these goals and can answer questions about why a particular property would be a solid investment.

What features would make it easy to rent?

What kind of maintenance expenses are you likely to incur?

What will your cash flow be, and how will the tax savings affect your bottom line?

While we cannot predict how much a particular property will appreciate, we can give you the history of price trends in our market area.

West Hampstead Home Loans & Mortgages

Now that you have found the perfect home and negotiated the price and terms with the sellers, you come to the most difficult part of the transaction–finding the perfect mortgage.

You should do some comparison shopping among lenders.

We can refer you to several reputable lending institutions which should be able to complete the loan process before your proposed financial approval date.

We will take your application and have you sign all the necessary papers to authorise credit and employment verifications.

We also supply periodic progress reports to make sure that all of the details are taken care of.

Such reports will help to ensure that any potential problems are discovered and addressed before they can threaten the transaction.