An intensive search
Recognising the urgency of the search, Garrington utilised their experience and knowledge to identify suitable search areas which would meet the client’s requirements.
These included St John’s Wood, Marylebone, St Pancras, Kings Cross, Fitzrovia and Westminster, and consequently two accompanied property tours were arranged for the client’s first two days in London.
During the first tour, the client expressed an interest in two properties; one being a new development in Westminster and the other in Kings Cross.
Day two highlighted properties in Victoria but ultimately the client was more drawn to the apartments in Westminster and Kings Cross.
Initially, the client wished to pursue the property in Westminster but after protracted negotiations with the seller and further discussion with Garrington, decided that this was not the right route and instead focused on purchasing the property in Kings Cross which was viewed on the first tour.
Knowledge and negotiation
Prior to negotiations, Garrington provided a Comparable Report on price to the client to ensure a well-informed purchasing decision could be made.
Garrington identified that the asking price was high, an initial low offer was rejected by the vendors who were looking for a figure much closer to the asking price; especially if it was to include a parking space.
Following further negotiations, which included the sharing of Garrington’s comparable evidence and the emphasis on the client’s ability to proceed quickly, the property was secured with over 7% saving on the asking price and to include the parking space.
A buyer's advantage
Under time pressure and with only a short window to view Garrington sourced and shortlisted several suitable properties for the client and found the ideal pied-a-terre.
Garrington’s analytical research strengthened the client’s offer and led to a saving on the purchase price.