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Advice needed on buying a repossession please
ElleWoods
Posts: 427 Forumite
My house has been on the market for 3 or 4 weeks, had 2 viewings and but no offers as yet. I've viewed a house today which is a repossession. The agent who showed me round said that if you offer on a repossession and it's accepted, you have to complete within 28 days. Is this correct? If it is, my main issue is obviously that my house hasn't yet sold. The only option I can think of is to put an offer in on the repossession, then if it's accepted work out the least amount I could accept on mine then drop it to that, get my agent to market it like mad and pray for a buyer in time.
Do you think there's any way this could work? Or would I be better off waiting until mine has sold and hope it's still on the market? Has anyone bought a repossession and how did it go? Were there any problems?
CC
Do you think there's any way this could work? Or would I be better off waiting until mine has sold and hope it's still on the market? Has anyone bought a repossession and how did it go? Were there any problems?
CC
0
Comments
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I doubt any offer by you that relies on you selling your property would be accepted until you have a buyer for that property."Now to trolling as a concept. .... Personally, I've always found it a little sad that people choose to spend such a large proportion of their lives in this way but they do, and we have to deal with it." - MSE Forum Manager 6th July 20100
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Thanks, think I will have to get my agent to market mine more aggressively, keep seeing houses I like but can't offer on them as mine's still not sold.0
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