Why Is The Seller Selling Their 3-Bed London Townhouse?
So…
You have found a 3-bed townhouse in London that you’d like to buy…
“Why is the seller selling?”
Why is this such an important question?
It all depends on urgency…
If a seller is selling because of the three Ds - death, debt and divorce - it may mean that they are keen to move on with their life/ lives.
If a seller is selling because they are looking to buy a bigger property with more land, then they may want and need to sell quickly so that they can move into their new home.
“It may mean that they are keen to move on their life/ lives.”
If a seller is selling because they want to see how much they can ultimately receive because they are merely entertaining the idea of moving/ selling their current 3-bed townhouse, then they will not be interested in selling for a lower price and quickly but will want to take their time and see what offers they receive.
Having at least a brief understanding of the seller’s timeline and motivation behind wanting to sell can really help when you are looking to buy your next townhouse.
Please do not be afraid to ask this question!
It is not intrusive and is a genuinely important question to ask!