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Buying a resale property
dikei2000
Posts: 2 Newbie
Hello all,
Just would like to double check if anybody experienced buying a resale property before and what is the exact procedure with the offers, can you actually negotiate the price
- The flat we are going for is offered on 35%, but we would like to buy 80% as we that is what we can afford and would like to go for, is that possible or 75% is the maximum cap for re-sales
- Can we offer 2-3% less the asking price when we make the offer to the seller or on re-sales it doesn't work as on the standard property market
Thanks a lot in advance, help and advice will be much appreciated
Just would like to double check if anybody experienced buying a resale property before and what is the exact procedure with the offers, can you actually negotiate the price
- The flat we are going for is offered on 35%, but we would like to buy 80% as we that is what we can afford and would like to go for, is that possible or 75% is the maximum cap for re-sales
- Can we offer 2-3% less the asking price when we make the offer to the seller or on re-sales it doesn't work as on the standard property market
Thanks a lot in advance, help and advice will be much appreciated
0
Comments
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What do you mean by a "resale property'?0
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Me too - what's a resale property?0
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Shared Ownership re-sales, (it has already been bought as shared ownership 4-5 years ago, and now the owners want to move out and the property goes for a resale by the Developer first on the same shared ownership criteria)0
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Eh, I wouldn't buy a shared-ownership property if they were flogging them off for a fiver.0
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BitterAndTwisted wrote: »Eh, I wouldn't buy a shared-ownership property if they were flogging them off for a fiver.
Oh I would
tim0 -
Generally I believe you have to buy the actual share on offer & once bought then take steps with the HA to 'staircase' to a higher % of ownership.
Regarding offers, if being sold via the HA, they aren't always willing to budge on valuation price (which often is the asking price). However, you can put in a lower offer & the worse that can happen is they say no.The bigger the bargain, the better I feel.
I should mention that there's only one of me, don't confuse me with others of the same name.0
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