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FAQs for sellers

When selling your property, you will be required to have possession of or pay for the following:

  • Energy Performance Certificate – By law, any residence must have an EPC before it can be put on the market for sale.
  • Agent commission – This is comprised of a percentage of the sale plus VAT and is chargeable after the exchange of contracts.
  • Legal fees – The amount varies according to the size of property and type of sale, a good solicitor will be able to advise you upfront regarding all the likely costs.

Any marketing costs should be included in the estate agent’s commission, although extra advertising might be chargeable but your agent should agree this with you first.

You don’t always have to do a complete redecoration when you put your property up for sale. However, anything that impresses potential buyers without breaking the bank should be considered. Go to our refurbishment page for presentation tips.

Our sales staff can be on hand for scheduled viewings and if we have access to your property, you won’t have to be at every one unless you choose to be.

Stamp Duty is payable by the buyer at prevailing rates set by the UK Government’s HMRC.

The Land Registry and Action Fraud provide valuable advice about steps you can take to protect yourself.

You will not be taxed on a property that is your main residence, providing you fulfil certain criteria. You will have to pay CGT if the property is not your main home. If you are an overseas investor looking for more information, our comprehensive Tax Guide is a good resource.

We will provide an up to date, realistic assessment of what we think we can achieve for your property. You can also get a free, no obligation appraisal by using our online valuation service which should give you an idea of what you property might be worth.

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Sales success in India

Overseas trips to visit our clients are a regular part of the diary for myself and fellow Benham & Reeves directors Anita Mehra and Vidhur Mehra. This autumn has seen a particularly busy schedule, so far involving visits to Mumbai, Bangalore and Nairobi. Anita and I will also be visiting Singapore, Kuala Lumpur and Hong Kong in November.

Recent property investment events in India

I have just returned from India, where together with our Mumbai staff and a team from Berkeley Homes we hosted a property networking event with a financial data consultancy in Bangalore. We then hosted a further event in Mumbai with Porsche India. Across these two events we met 107 attendees and received a lot of interest from Indian investors interested in hearing first hand, more about the potential of the London property market. We were then joined by our Managing Director, Anita Mehra, for the World Property Investment Show where we exhibited jointly with Berkeley Homes and were delighted to win the award for Best Real Estate Agent.The show was a great success with some of our clients coming out to show their support too. So what was the feedback we received about London property investment? Interest in the London property market is in its early stages but clearly growing and this positive attitude was evident as we discussed the current market. Following our visit, a number of investors have already booked trips to London to view residential developments with our new homes team. Most Indian buyers are investing for the long-term and favour particular areas of London, so the Brexit situation is of little concern so the outlook for them is a positive one.

Kenyan investors

Our Finance Director Vidhur Mehra, is as I write, in Nairobi, Kenya, alongside a team from Berkeley Homes. Together, they are meeting with potential investors who have responded well to our marketing efforts and are showing particular interest in areas being regenerated on the fringes of central London. Increasingly, these new neighbourhoods offer good-value in a shift away from prime central London.

Investors property talks November – DON’T MISS!

With so many new property developments now transforming the London skyline,investors need to know where to find value and growth potential. If you are considering purchasing a property in London, myself and Anita Mehra will be visiting Singapore (8th – 13th November), Kuala Lumpur (13th – 19th November) and Hong Kong (20th - 25th November) and we would be delighted to discuss current investment opportunities with you, as well as sharing our insights into the London property market. To book a one-to-one session with either of us, book your appointment here.

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