Let Cribs Estates Ltd Negotiate the Best Deal on Your Next Property in London

Posted in Mar 18 , 2022

When you find your dream property in London you don’t want anyone else to have it, so it’s quite normal to want to jump straight in with an offer, but here at Cribs Estates Ltd naturally we want all our clients to be happy and so that involves always negotiating the best price whether we are involved in the sale or purchase of a property. It’s always worth taking your time to negotiate the best deal – and here’s how we do it.

We know the local property market

Simply jumping in with a random offer, because you think that’s what the house is worth, can mean that you won’t get the best deal. We research the market thoroughly and keep a close eye on property prices. We make it our business to find out what other properties in London were listed for versus the price that was eventually paid. And we note how long homes stay on the market.

We work for you!

We are always working for you and it’s in our interest to achieve the best price for your property if you’re selling and negotiate the deal you are happy with if you are buying.

We can advise you regarding your ‘buying position’

We’ve been in business a long time and can sniff out certain types of sellers who are on the lookout for buyers in strong positions, such as:

Cash buyers
Buyers with no chain
Clients who are keen to buy quickly with their own property sold
First time buyers who have their mortgage funding secured
Buyers who are renting or have some sort of flexibility in their move

If you can show that you’re in a good position to move and can complete the process quickly, then in our experience, sellers will offer a little more flexibility. Nobody wants to be stuck in a chain or waiting for someone else’s house to sell for the sake of a few thousand pounds, so this can invariably make an offer attractive.

We are professional and friendly at all times

We know that selling your family home can be an emotional experience, and some sellers will feel highly attached to their properties. After all, you may have spent years living there there and have lots of memories. Negotiations are always easier when empathy is shown and we pride ourselves on always being willing to work with our clients to reach an agreement whatever the situation.

We will work to secure the best deal

In many cases, negotiations initially start with a firm no on first offer! However, this is perfectly normal. If your first offer is rejected, we will work with you on a second offer and advise you if any counteroffer is forthcoming, liaising with the seller throughout.

We understand that buying a house can be a stressful process, and sometimes when you find the right property, it’s easy to get carried away. However, it’s advisable to speak with us regarding your budget before commencing negotiations so that we can handle this for you, allowing you to get the best deal on your dream home.

Call the team at Cribs Estates Ltd today on 0203 441 1571 and let us negotiate the best deal on your next home.

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Title: What Is a Short Term Lettings and Its Agreement and How Does It Work? In the UK rental market, the term "short term tenancy agreements/lettings" is often associated with flexibility and convenience for both landlords and tenants. Whether you're a landlord looking to adapt to changing rental demands or a tenant seeking temporary accommodation, understanding the details of these agreements can make all the difference. Short term tenancy agreements are popular for their adaptability, offering solutions for temporary relocations or interim property management. To save you the effort of sifting through legal research, we’ve compiled everything you need to know about short term tenancy agreements—what they are, their benefits, and how to understand them effectively. What Are Short Term Tenancy Agreements? A short term tenancy agreement typically refers to a rental contract that lasts less than six months. 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This regulation prevents properties from being used as de facto hotels, ensuring residential properties remain available for long-term tenants. Comparing Short Term Tenancies to Holiday Lets Short term tenancies differ from holiday lets in that they are intended for residential purposes rather than leisure. They are governed by the Housing Act 1988, offering greater protections to tenants than holiday lets. Types of Rental Contracts for Short Term Lettings Rental Agreement: A formal contract outlining the terms and conditions under which a property is rented. It typically includes rental dates, payment terms, security deposit requirements, cancellation policies, and house rules. Vacation Rental Agreement: Similar to a rental agreement, this document is specifically designed for vacation properties. It often covers additional considerations such as maintenance of amenities, usage of common areas, and guest responsibilities during their stay. Lease Agreement: Although more commonly used for long-term rentals, a lease can be adapted for short-term rentals. It defines obligations for both the landlord and the tenant, including terms regarding occupancy limits, pet policies, and maintenance responsibilities. Short Term Rental License Agreement: In certain jurisdictions, a specific license agreement may be required for short-term rentals to comply with local regulations. This contract can ensure that the property meets all necessary safety and regulatory standards. House Rules Document: Often included as a supplement to any rental or vacation rental agreement, this document specifies the property’s house rules, such as check-in/out procedures, noise restrictions, and guidelines for shared spaces. Service Agreement: If the rental includes additional services such as cleaning, catering, or maintenance, a service agreement may outline the terms of those services along with associated costs. Electronic Agreement (E-sign): Many platforms allow for electronic agreements that host and guests digitally consent to before booking, often containing the same legally binding terms as traditional contracts. When entering a short-term rental agreement, both parties should thoroughly review the contract, ensuring it covers all necessary aspects of the rental arrangement and complies with local laws and regulations. Consulting a legal expert can provide additional assurance that the contract is fair and enforceable if needed. Practical Insights and FAQs 1. Who Can Benefit From Short Term Tenancies? Students: Those needing housing for a semester or academic term. Business Professionals: Individuals on temporary work assignments. Homeowners: People needing temporary accommodation during renovations. Landlords: Those wanting flexibility in property management. 2. What Are the Risks? For Landlords: Higher turnover rates lead to more frequent vacancies. Greater wear and tear due to shorter tenancy durations. For Tenants: Limited security of tenure. Potentially higher rents compared to long-term agreements. No protection of their deposit ( if any). 3. How Do Short Term Tenancies Compare to Holiday Lets? Short term tenancies differ from holiday lets in that they are intended for residential purposes rather than leisure. They are governed by the Housing Act 1988, which offers greater protections to tenants than holiday lets. The UK government is working to ensure landlords and renters take good care of the residents in their properties, especially for their health and safety. Government Compliance and Support The UK government provides guidelines to ensure short term tenancy agreements are fair and lawful: Deposit Protection: It's not Mandatory for short-term tenancies to protect their deposits, but if they are AST tenants, then all the deposits must be secured to safeguard the tenants. Right to Rent Checks: Landlords must verify tenants have the legal right to reside in the UK. How Will It Help? Short term tenancy agreements offer significant flexibility but come with unique challenges. For landlords, they represent an opportunity to maximise rental income while retaining control over the property. For tenants, these agreements provide a practical solution for temporary housing needs. However, understanding the legal and practical implications is essential for avoiding disputes and ensuring a positive renting experience. Cribs Estates At Your Service At Cribs Estates, we specialise in assisting landlords and tenants with short-term tenancy agreements. Our services include: Drafting customised agreements compliant with UK laws. Providing legal advice to protect your rights. Offering property management services to handle tenant issues and maintenance. Whether you’re a landlord seeking to optimise your property’s potential or a tenant looking for a hassle-free renting experience, Cribs Estates is here to help. Contact us today for expert advice and tailored solutions.

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