Farmhouse with equestrian
Ms M was keen to establish a new life, post-divorce, in a new property but was finding it difficult to be considered a serious buyer by estate agents.
Why they came to Stacks
Mrs M, her partner, horses and donkeys were living in a rented farm in Somerset. They were looking to buy a period property with outbuildings and land for around £1M.
What they were looking for
The house needed an annexe or outbuildings suitable for stables and a music studio. There needed to be enough space for visiting family and land for grazing. It was important that the property had good communication links for London and Bath Rugby Club.
What the local area offer could offer
The budget ruled out some locations, and it took some time to find a house that offered everything that was needed. In fact the house they bought only became a possibility because the price was reduced by the vendor.
How Stacks helped
Stacks was able to negotiate with the agent and vendor, explain our client’s position and commitment to buy. The vendor was a Developer who was retaining the rest of the farm’s barns and outbuildings. He chose to stick with Stacks’ client, even though he subsequently received an offer that was £100,000 more. We were able to change the boundary, and agree some additional works to be included in the price.
The happy outcome
Our clients and their livestock have moved in and are all enjoying a fantastic new home which has everything that they needed and additional large barns with potential for the future.
How Stacks made a difference
Stacks added value to our clients’ offer in the face of stiff competition and were critical to securing the property, and to fending off the higher bid.
We recommended a Surveyor who could value the annexe and house separately to secure a stamp duty discount.
Stacks recommended a Solicitor who was able to prioritise the client and manage complex funding arrangements involving several other parties and their representatives.
We played a vital role communicating with all parties throughout the transaction to adhere to timing deadlines that were conditional to the purchase.
