Property Search Fee Structure & Payment Terms
Acknowledgement of Instruction will be when the Registration Form has been signed, returned and the Registration Fee is paid. A non-refundable deposit of US$1,000.00 is required prior to starting our search (deducted from the final payment) for purchased properties and US$800.00 for rental properties. The Instruction Period is 16 weeks (subject to our Terms and Conditions - available upon request).
A Success Fee of 2.5% of the agreed purchase price - or 25% of the total amount saved from the asking price after negotiations on your behalf on a property, whichever is the greater, is payable upon exchange of contracts. Payment of the final fee is due in full on exchange of contracts for the purchase of a property. There is a minimum fee per assignment of US$5,000.
You may be interested to know that many clients using home search services can save up to four times more than the fees charged. Up to 60% of properties acquired may be sourced 'off-market'; meaning the majority of clients got to purchase properties which they would not have found without professional assistance. Typically from the date of receiving your instructions to proceed, we would expect a client to have completed on the purchase of a property within three to six months from the date we commenced their property search.
Look how much we could save you:
In most cases we are able to save our clients more money than we charge them. Apart from the savings made by the best mortgage rates, discounted survey costs and reducing the risk of the purchase falling through, here are a few examples of how this has happened:
Client A
Budget to spend: £140,000
Asking price of property found: £130,000
Negotiated price: £112,000
Saving made: £18,000
Our fee: £2,500
Total saving made: £15,500
Client B
Budget to spend: £475,000
Asking price of property found: £450,000
Negotiated price: £425,000
Saving made: £25,000
Our fee: £5,000
Total saving made: £20,000
Our Terms & Conditions are available on application.
Interested in finding out more?
Please complete the enquiry form and we will arrange for one of our property search consultants to contact you to discuss our service and your specific requirements in more detail.
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Search Fee Structure