Exploring London's Luxury Real Estate (chapter 4 of 7)

Audio version of the article by Alexander Ovsyannikov, founder of Real Estate Group ( ), Exploring London's Luxury Real Estate: A Comprehensive Guide for International Buyers and Investors in Under-Construction Apartments (chapter 4 of 7).

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Chapter 4: The Buying Process.

The buying process for an apartment in a London building under construction is a complex journey with multiple stages.

In this chapter, Real Estate Group will walk you through the entire process from viewing the property to signing the purchase agreement and making payments.

Section 1: Viewing Properties.

1. Engage Your Real Estate Agent: Your real estate agent will organize property viewings based on your criteria. Take the time to explain your preferences, such as location, size, and features, so they can present you with suitable options.

2. Assess Property Features: During viewings, assess the features and layout of each property. Pay attention to the number of bedrooms, living space, views, and any unique aspects that align with your preferences.

3. Take Notes: It's helpful to take notes or photos during viewings to remember the details of each property. This will assist you in making an informed decision later.

Section 2: Reserving the Property.

1. Property Reservation: If you find a property you're interested in, you can reserve it by paying a reservation fee. This fee typically shows your commitment to the purchase and temporarily takes the property off the market.

2. Reservation Agreement: Upon paying the reservation fee, you'll sign a reservation agreement. This document outlines the terms of the reservation, including the duration of the reservation period and the amount of the reservation fee.

3. Reservation Period: The reservation period allows you time to carry out due diligence and secure your financing. It's essential to be aware of the duration of this period.

Section 3: The Purchase Contract.

1. Review the Contract: After the reservation period, you'll be provided with the purchase contract. It's a legally binding document that outlines the terms of the sale, including the purchase price, payment schedule, and any conditions.

2. Lega...

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