A company want to buy my home for expanding their company

llydaw

Ive been approached to see if Id be interested in selling my property. A company want to expand their current business onto my house and a few around me. I know I need to get 3 valuations and use the average as the current market value. How much on top am I likely to get for the inconvenience? Ive read that there was a case where 50% was paid on top but thats rare. Would really welcome some advice if anyone has expertise in this area.

Tks

trevormax

Ask for 50% and see what happens. They might say yes or they might say no and come back with an offer of their own.

martinthebandit

Tell them your interested and see what they offer?

G_M

Just get them to make you an offer.Keep rejecting and see how much they want the property and how high the'll go.

Then consider your own position: how much you want to stay/move; what it will cost you to move etc

eddddy

It's all down to negotiation really.

Is your house critical to their plans - or do they perhaps just need to buy, say, 3 out of a choice of 5 houses?

(In which case they might just buy the 3 with the lowest asking price, and your house ends up next to a new business premises.)

Or you could 'team up' with your neighbours, and jointly negotiate (if you trust your neighbours enough).


This reminds me of a house I saw a few years back. A supermarket co wanted to buy a row of houses, to knock them down and build a new store. One house owner held out (I don't know whether it was a negotiating tactic or what), but the supermarket ended up building around them. So their house was surrounded on 3 sides by a supermarket car park.

llydaw

eddddy wrote: »

It's all down to negotiation really.

Is your house critical to their plans - or do they perhaps just need to buy, say, 3 out of a choice of 5 houses?

(In which case they might just buy the 3 with the lowest asking price, and your house ends up next to a new business premises.)

Or you could 'team up' with your neighbours, and jointly negotiate (if you trust your neighbours enough).


This reminds me of a house I saw a few years back. A supermarket co wanted to buy a row of houses, to knock them down and build a new store. One house owner held out (I don't know whether it was a negotiating tactic or what), but the supermarket ended up building around them. So their house was surrounded on 3 sides by a supermarket car park.

There are 2 houses immediately behind them, Im 1 of them, then there's 2 houses to my side and their gardens are behind house no2.

davidmcn

Recruit a surveyor to negotiate on your behalf (and get the purchasers to pay your surveyors and legal costs - this is what happens in compulsory purchases, which isn't a million miles from what you're talking about).

kizkiz

You could end up like this lady in Seattle who refused to sell.