The Wharf: Home Front – November 20, 2008

Q. My property has been on the market for the last 4 months now and still no sign of an offer. I know the market conditions are not too good right now but never expected not to have sold within 4 months. I am really keen to sell now, what do you suggest?

A. It is indeed an extremely tough market out there right now and being realistic is the only way forward. I’m afraid many sellers continue to convince themselves that their property is so much better than anyone else’s and therefore is worth so much more. In this market and in fact any market a property is only worth what someone is prepared to pay for it. It’s now time to have some tough straight talking with your agent with regards to pricing. If you are that keen to sell then you need to start thinking about the lowest figure you would consider accepting for your property, your agent will then help you with regards to a new reduced marketing price, in order to get things moving. Buyers are indeed waiting in the wings for an opportunity to snap up a bargain even in this uncertain market but it has to be at a suitably competitive price otherwise they are just not interested. Alternatively, if you are not able to bring the price to a completive enough level to dispose of in this current climate, maybe you should consider renting the property as another option?

“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