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buying a P/X home...
soweezy
Posts: 67 Forumite
we're viewing a property tomorrow, the EA said the owners had part exchanged on a new house but couldn't/wouldn't tell us with which developer.
is there any info on what sort of % off market value a developer could have offered them ?
just in case it helps, the owners bought it for £89k back in 2006 and it's on market at £80k (was £85k but reduced by £5k this week) and the last house, identical to this, to sell on that street was in May 2009 for £74k
any tips on what we should offer, assuming it's in good condition, would be great.
I guess it's a "how long is a piece of string" type question but you never know
thanks for any help/advice
is there any info on what sort of % off market value a developer could have offered them ?
just in case it helps, the owners bought it for £89k back in 2006 and it's on market at £80k (was £85k but reduced by £5k this week) and the last house, identical to this, to sell on that street was in May 2009 for £74k
any tips on what we should offer, assuming it's in good condition, would be great.
I guess it's a "how long is a piece of string" type question but you never know
thanks for any help/advice
0
Comments
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In the current climate I'd usually think a first offer around 10% below asking price but the main thing is knowing your own maximum price you'd pay and stick to it.0
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