Once a suitable property has been found, the purchasing process starts with the completion and signing of a reservation. The buyer puts down a reservation deposit, which may be partly non-refundable, and provides their solicitor’s details.
From the date of reservation, solicitors for both developer and purchaser will process paperwork and proceed to an exchange of contracts which must formally take place within a specified period after the reservation, normally 21-28 days. When exchanging contracts, the solicitor will ask for a deposit which is usually 10% of the asking price.
This is a legally binding contract and once the contracts have been exchanged, the property is secured for the purchaser.
The land team specialises in the sale and acquisition of land and buildings and in arranging joint ventures with or without planning consent. It operates from this guiding principle: anyone can sell land, but it is knowing who will pay the best price – and why – that makes the difference.
The land team is extremely well connected with all major national house builders and private developers at senior board level. We can facilitate introductions to key individuals and to the strongest potential buyers, partners and funders.
Whether you are considering letting your property for the first time or are an experienced investor landlord with a portfolio of properties, Zam Zam Estates Ltd has the right service for you.
"Zam Zam Estates has an in-depth understanding of the market and has generated many of the leads to our sites which have helped us enjoy many successful developments over the years."
Designed specifically for house builders and developers, the services of our dedicated team of development experts help you with all aspects of the residential development process. From land introduction, acquisition and planning, through development of initial concepts and specification, to effective selling and post-sales management.
Our local expertise, linked to our scale of operations, enables Zam Zam Estates to offer practical support to help make your development purchase run as smoothly as possible.
We can identify potential development sites throughout the South of England and assist with introductions and acquisitions for local, regional and national developers.
Our land, planning and development service is available to all professional developers, from individual building firms to major house builder groups.