We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Buyer buyback offered - what's reasonable?
skyjob
Posts: 1 Newbie
Recently we have been offered by a national homebuilder to buy back our property for various reasons.
Since moving in June 2016, we have lived with many boxes unpacked due being advised rectification works in the affected areas would be done soon.
We have made several investments into the property since purchase, costs we have made which otherwise wouldn't have been.
The buyback offer includes much legal jargon and we would need some advise from solicitors with experience in such matters, but as they are rare and not well documented due gagging orders by builders, it is hard to find info.
Please help...:(
Since moving in June 2016, we have lived with many boxes unpacked due being advised rectification works in the affected areas would be done soon.
We have made several investments into the property since purchase, costs we have made which otherwise wouldn't have been.
The buyback offer includes much legal jargon and we would need some advise from solicitors with experience in such matters, but as they are rare and not well documented due gagging orders by builders, it is hard to find info.
Please help...:(
0
Comments
-
Are they offering to buy it back for what you paid? How does that fit with house price rises (or falls?) where you are? Are they selling similar nearby and if so at what price compared to yours?
It must be desperate if they are offering to buy back (unless they think they can be shot of an annoying situation, fix it up and sell for more?), so perhaps they would also pay additional for your expenses and house price inflation so a counter offer would be in order ?
Can you post numbers?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.3K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.8K Spending & Discounts
- 244.3K Work, Benefits & Business
- 599.5K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards