The Wharf: Home Front – April 12, 2007

Q. I purchased a property off plan about 12 months ago and am toying with the idea of selling prior to completion. Firstly how easy is this to do and secondly, would it be wiser to keep it until it completes and then sell?

A. Selling your off plan unit prior to completion will only be possible if the developer provided you with an assignable contract allowing you to do so. That being the case, once the developer has sold all the units in the development there is usually a demand for re-sales as there is no availability directly from the developer. Approach your local agents to act for you with regard to disposing of the unit, however bare in mind that the second hand market buyer is usually looking to physically view the property and usually finds it difficult to purchase a property from floor plans and specification only, that said as long as the price is right there will always be interest especially from investors. Once the property has completed there is definitely more demand as potential buyers are then able to view and depending on the market conditions you will likely realise a larger profit.

“I have known Dawn in a professional capacity for a very long time, as we used to work together for a number of years. She has a comprehensive knowledge of the Docklands real estate market, but this is not her strongest point. What makes Dawn stand out as an agent is the effort she puts into every deal, the relationships she builds with everyone and the passion she has for what she does. Dawn and Gabriella have been managing my investment property for more than 3 years. I now live overseas and I feel so comfortable knowing they are really looking after my interest, whilst at the same time always being fair and transparent with the tenants. Nothing is big enough job for those ladies and everytime I say ‘thank you – I am so grateful for what you do’, the reply is ‘It’s my job’. I really cannot recommend this wonderful team enough!”

Daniela WeatherillOverseas Landlord

“We are incredibly happy with the service that Dawn Sandoval Residential provide. They offer a personal but very professional service, and we feel secure and confident with their management which is key when letting out a property.”

Amy Facey

“Dawn Sandoval Residential and associates have managed several transactions on our behalf, and each time they have gone above and beyond our expectations. We trust the team highly, and I honestly couldn’t recommend them enough.”

Neil Chinniah

“The Dawn Sandoval Residential team took the time to properly understand what I was looking for. At every stage of the process, I knew they were doing their best for me and valued me as a customer. I have no hesitation in recommending their services in the highest possible terms.”

Andrew Simmonds – Management Consultant

“Dawn Sandoval Residential offer a real personal service. Their response rates are excellent, and we have a sense that they care about our tenants and properties. We cannot recommend them highly enough.”

Cathy & Paul Betts

“Dawn Sandoval Residential have great insights into the property market in London and especially around Canary Wharf. They work very hard to understand their clients’ requirements, and we would highly recommend them.”

David & Ginette Marks