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...and all over just £5k.loonywitch wrote: »Our little 2 bed (in obviously a complete different part of the country) was valued at 90k. The builder offered us 70k. We declined and expressed we would need a lot closer to our valuations if we were to proceed on their property which was up for 250k but they didn’t bat an eyelid or even bother offering stamp duty or extras. In the end, we ended up dropping ours to 75k and we’ve sold stc for that but that means the new build wasn’t an option for us
I'm sure they managed to sell that new build quite happily to somebody else.0 -
...and all over just £5k.
I'm sure they managed to sell that new build quite happily to somebody else.
Please tell me that’s not sarcasm?
For your info, the property took a good few months to shift at a reduced rate with added extras in and stamp duty plus legal fees covered.
In addition to this, we purchased our new build property before the financial crisis for £108k which has never recovered and we’ve overpaid into the mortgage to have the little bit of equity we have. And since banks no longer like to give a 95% mortgage against new builds, it wasn’t feasible to accept lower if we were to buy the new build. We accepted the £75k because we really want to move and luckily we managed to find a nice, larger property that would allow for us to sell at that price. But I guess sat behind a keyboard, you weren’t to know that from the reply I gave the op which didn’t really warrant further insight into our rubbish luck.
So yes, it was “all over 5k” but I expected had you been in the same predicament, you would have wanted more too.0 -
They will offer you less than what they think they can quickly sell it on at. 230 sounds about right if you haven't sold at 250.0
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The builder called today and said they couldn't offer more than 240k due to the market being slow.
Shame but unfortunately I am unable to magic 10k out of thin air!0
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