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buying a house from a company in liquidation
frugs
Posts: 10 Forumite
Hi,
I've seen a new build house my husband and I are thinking of putting an offer on, only we've noticed that the building company that built it have gone into liquidation. The question is, what difference does this make for a buyer?
Obvs the NHBC won't be worth much, but then, they never are. I'm wondering though, if we can make a stupidly low offer given that they're liquidation assets.
I've seen a new build house my husband and I are thinking of putting an offer on, only we've noticed that the building company that built it have gone into liquidation. The question is, what difference does this make for a buyer?
Obvs the NHBC won't be worth much, but then, they never are. I'm wondering though, if we can make a stupidly low offer given that they're liquidation assets.
0
Comments
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The NHBC should still be valid if the construction was complete and the sign off provided to NHBC.
But the purchase will have to be from the liquidators. You need to find out who they are.
They will certainly want (indeed have a legal duty) to maximise the company's assets (by selling) in a short period (by doing it fast.)0 -
Nothing to loose by making an offer then if the offer is excepted make sure your solicitor dots all the i' and crosses all the t's, you may get a bargain!0
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The liquidator has to sell it for the best possible price so they won't just accept a low offer, they will know what it's valued at and will be looking for as near to it as they can get.0
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