Property details are only available to our Before The Market subscriber list on the fundamental agreement that purchasers will pay 1% plus VAT introduction fee on Exchange of Contracts.
Negotiation will be conducted exclusively off-line with Thomas & May.
Why is property sold “before the market”?
Benefits for sellers
Portfolio properties sold before advertised on the Internet marketplace often ensure efficiency in the selling process.
Discretion and privacy in sales have an appeal for some investors. Many investors choose this route to keep their details confidential and avoid the public eye.
Simpler sale procedure: some sellers want to skip the effort of listing their properties through traditional channels like Rightmove and Zoopla. This helps avoid too many viewings and timewasters.
Favourable price and genuine offers: sellers often believe that they will be able to secure the most favourable price and genuine offers without a formal Internet listing. Thomas and May manage these properties exclusively to ensure excellent communication, professionalism and thorough due diligence including proof of funds, mortgage agreements in principle to ensure offers are serious.
Testing the waters: another motivation comes from homeowners wanting to test the waters; they might entertain offers for their property without wanting to sell immediately.
Benefits for buyers
Before the Market properties provide diligent buyers with early access to some of the best properties before others even have a chance to view them.
Thomas and May usually provides hard proof of rental income, yields and running costs to give buyers confidence.
Less competition: With less competition, buyers reduce the risk of bidding wars or being gazumped than in an Internet advertised public sale, reducing stress uncertainty.
How much will it cost the seller and buyer
Thomas and May charge 1% +VAT to the seller, which is far below many London area agents. The buyers are also charged 1% + VAT finders’ fee as Thomas and May invest more time with Before the Market properties undertaking due diligence to present the fullest picture to buyers.
Thomas and May are not financial advisers or mortgage brokers. As such they remain truly independent.