Property Developer Wants Our Flat - Help Please

knuckledragger

chelskigirl123,
get your place independently valued by local estate agents. Even on a quick visit they will be able to give you a ball park figure on what it is worth on the open market. As it will be for development, you will be paid a premium for the property. This happened to a guy I know recently. He received market value + 30% and was told that this was about the norm from developers.

chelskigirl123

That's really good to hear, a very useful piece of info thank you.

We had the flat valued last month by a EA as we were thinking about doing a deal with the other guy and he said he'd put it on the market for £170 but was worth about £165.

Many thanks again

Lakelady_2

If the developer wants it has he somewhere else he could sell you at a good price? Also what about stamp duty for your next place would they pay this as an added incentive for you to move.
Good luck.

bingo_bango

Just to give you an idea of how greedy you can be.... I've had a developer sniffing about. My house is worth ~£165K on the open market. I've let him know through a third party that I'll ask for £250K, but will sell and move immediately for £240K.

He needs the property more than I need to sell, so it's up to him to make me the right offer. I'm happy with where I live, and when they scrap secondary (schools) selection here (NI) in a year or so, the values will shoot up, as the catchment area I live in has a huge amount of decent schools.

Not bad for a house I bought 2 years ago for £65K!

chelskigirl123 wrote:

worth about £165.

I'll give you £250 now!

chelskigirl123

Hi All,

I was hoping I would be able to give you some news but the guy was off sick yesterday so the appointment is re arranged for Friday!!!

I am finding the wait so frustrating!!!!!!!

caveatvenditor

fook h h h h h h

Running_Horse

Je ne comprend pas.