Our Services.
After the initial client meeting and identifying one of the proposed sites the client will retain LUXE on an hourly rate to carry out the following services:
Proof of funds will be obtained from the client along with the standard details needed in order to make an offer on the proposed project. The site will then be temporarily secured under offer with no obligation. LUXE will negotiate a timescale with the vendor to exchange contracts (average timescale: 2 - 4 weeks) allowing enough time to carry out the following;
Next LUXE will obtain valuations from a number of local regulated agents to generate conservative resale figures.
LUXE will then carry out full calculations on the construction costs and compare land value and all calculations against resale values to create prospective profit margins.
After LUXE exact their due diligence and are fully satisfied with all aspects of the project including; fundamental costs against resale figures, the condition of the site, the return and timescale projections etc. The client will then be advised by TLD to move forward with the project.
Once the client is satisfied with all aspects of the project TLD will then move forward with the offer and the client purchases the development site. If the client is dissatisfied with the final fundamentals and projections, LUXE will withdraw the offer and move forward with the clients secondary option.
Upon purchasing the site, the client is subject to a 6% acquisition fee paid directly to LUXE. However all of LUXE's fee's and invoices up to this stage are deducted from the 6% acquisition fee. At this stage there is no obligation to purchase. However, time is limited and the above works must be completed, and a decision made before the exchange of contracts date, that was negotiated in the agreed offer.
All of the above service fees paid to LUXE since retention will be deducted from the 6% acquisition fee.