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Shared Ownership - can I negotiate the price?
davevideo
Posts: 1 Newbie
I am looking at buying a flat in London through a Shared Ownership scheme. I have been offered 50% of the property for a *fairly* good price (and then rent and a service charge to be paid to the private not-for-profit housing trust who will own the other 50%).
My question is - should I, or even can I try and negotiate the price of the 50% stake down? Or is it fixed?
Apologies if someone has posted about this elsewhere, I did have a look!
My question is - should I, or even can I try and negotiate the price of the 50% stake down? Or is it fixed?
Apologies if someone has posted about this elsewhere, I did have a look!
0
Comments
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Normally the Housing Association has no choice - they can only offer it for the figure their surveyor has certified as the value or 50% of the value as the case may be.RICHARD WEBSTER
As a retired conveyancing solicitor I believe the information given in the post to be useful assuming any properties concerned are in England/Wales but I accept no liability for it.0 -
Hi we bought ours and couldnt negotiate, tbh at the time we thought it was a very good price anyway as exact houses but smaller spec were selling through the estate agents for around £30k more. We wouldnt have done either as had waitied so long for them to be built we were having one lol..
Could the HA advise you or an IFA?
Good luck0 -
Why not try and make an offer and see what happens?
If you don't ask you don't get.A retired senior partner, in own agency, with 40 years experience in property sales & new build. In latter part of career specialising in commercial - mostly business sales.0
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