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Buying a solicitor/lawyer owned property
vacuca
Posts: 1 Newbie
I was wondering if you have experience of this situation: The house in question is not owned by an "owner" but by by a lawyer because when the owner passed away there was nobody to inherit it. Why would the lawyer "own" it then?
What kind of scenario can I expect when it comes to making an offer? Is he selling with self-interest and likely to hang on for The Best Offer? Or is it a case of sticking the house on the market and getting it over with asap?
The house in question is with Gibsons and I think I understand from them the house went on 2 weeks ago, they have 3 offers "on the table" and will turn all offers over to the lawyer tomorrow. As per their website they have offers "in the region of" the asking price (140k) but not, as with another house, "in excess of". What do you think "in the region of" means translated into a figure - a couple/few thousand less or very close to the asking price?
I would like to make an offer tomorrow but I'm quite confused as to how much to offer if I can't expect anyone to come back and barter.
Any advice or insight appreciated... TA!
What kind of scenario can I expect when it comes to making an offer? Is he selling with self-interest and likely to hang on for The Best Offer? Or is it a case of sticking the house on the market and getting it over with asap?
The house in question is with Gibsons and I think I understand from them the house went on 2 weeks ago, they have 3 offers "on the table" and will turn all offers over to the lawyer tomorrow. As per their website they have offers "in the region of" the asking price (140k) but not, as with another house, "in excess of". What do you think "in the region of" means translated into a figure - a couple/few thousand less or very close to the asking price?
I would like to make an offer tomorrow but I'm quite confused as to how much to offer if I can't expect anyone to come back and barter.
Any advice or insight appreciated... TA!
0
Comments
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The house is owned by the estate of the deceased, and the lawyer is administering the estate. He has a duty to obtain a fair price for the estate, but he won't be interested in haggling over a couple of thou. If he has three offers on the table then it's unlikely he'd do anything other than accept the highest.
You can only offer (a) what you can afford, and (b) what the house is worth to you.A kind word lasts a minute, a skelped erse is sair for a day.0
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