What
We
Buy
Property Aquisition
Property Options – An Alternative Way To Sell Your Property
Our primal objective is to provide the vendor with a higher than market value for their asset. In order for us to consider a property for purchase, the property must be suitable for redevelopment. If the property is suitable for redevelopment then this will enable Midas Touch Towers to improve the value of the land by obtaining a Development Approval (DA) from council. But first, an agreeement must be made betweeen the vendor and Midas Touch Towers to exchange land for an agreed price, at an agreed time. our Option Agreement terms are usually set between a period of 18 to 24 months.
The property ‘seller’Â benefits from:
- A higher property price for you
- More time to make plans to relocate
- A guaranteed sale price for the option period
- No estate agent /marketing fees
We welcome all owners who are looking to sell their properties that have development potential. If you are one of these owners and want to secure a profitable market sale for your property we would love to hear from you.Â
Properties with Short or Defective Leases
As cash buyers we are able to purchase properties that are un-mortgageable or unsaleable. Whether the property has a missing freeholder, defective or short lease we can agree reasonable terms and immediate purchases.
Commercial Buildings
Many commercial buildings lend themselves to alternative uses. In some instances, these can qualify for residential or mixed-use developments. We are keen to discuss and acquire office buildings, storage and distribution units, care homes, vacant pubs, workshops and MOT garages.
Although we are happy to purchase unconditionally or on a subject to planning basis, in instances where the seller is looking to maximize their return, we can also agree bespoke terms to include; joint ventures and option agreements.
Land without Permits
Although we are happy to purchase unconditionally or on a subject to planning basis, in instances where the seller is looking to maximise their return, we can also agree bespoke terms to include; joint ventures and option agreements.
Probate – Executor Sales
As cash buyers we are able to complete within any desired timescale and where required we are able to help cover probate fees or debts against the estate in order to facilitate the transaction.
Large Property Suitable for Conversion or Subdivision
We are happy to purchase unconditionally, subject to planning or to work with sellers on a joint venture basis.
FAQ
When should I call you to sell??
How do I know that I will receive an Above Market Value sale?
Whilst my property Under Option can I negotiate to sell with another person or company?
Why does it take longer time to sell my property under Option?
If I'm still the owner how can you obtain a Development Approval?
Within the terms of our agreement there are various clauses that we both include in order to protect our respective interests. One of these clauses states that you shall give me written authority to consult with surveyors, architects, engineers, town planners, local and state government entities and other parties in order to submit plans etc to obtain a DA. All of these consultations are done at my cost.
Can I as the owner insert any clauses in the Options Agreement?
These are all by mutual agreement as this has to be a positive result for both of us. For example, let’s say the agreed term is 24 months, but because of personal/family or other reasons you do not want to have the option exercised before 19 months have elapsed. In this situation we would add a clause to the agreement to determine that intent and settlement will then not occur within the first 19 months of the agreement.
If I enter into an options agreement with you can I retain a share of the property or development?
Yes.
Do you buy property if it has no potential for development?
Yes, in some circumstances we will conduct a due-diligence assessment on the property, it’s location, condition and at Market Value. At the time of your request to sell, we may have a buyer interested in purchasing your type of property.
USA
9701 Wilshire Blvd. Suite 1000, Beverly Hills, CA, 90212
Hours: Mon/Fri 9am – 4:30pm
(Appointment only)
General Enquiries (ONLY)
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