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Forcing an agreed sale
Comments
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Hilarious as always crashy.
You can ALWAYS make money on a renovation project if done right.
But the point I was making was more that the sister will not want to share the profit nor work with our OP. So this might kick the sister in to action of getting everything transferred sooner rather than later.
You will make ZERO on it in this market if you over-pay, and you can take that to the bank..0 -
Frustratedwombat wrote: »Also as it’s vacant it’s deteriorating
Wouldn't it deteriorate with somebody living in it as well? More maybe, depending on the type of tenant.0 -
How are they overpaying in this case crashy?An answer isn't spam just because you don't like it......0
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diggingdude wrote: »How are they overpaying in this case crashy?
How is who overpaying? Are you struggling with context again?0 -
Crashy_Time wrote: »You will make ZERO on it in this market if you over-pay, and you can take that to the bank..
Hence why I said "if you do it right".I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
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Frustratedwombat wrote: »Something to do with her plans to change the use and get planning. She says it will “take quite a while” and a “good few months or so” for her to be able to buy me out.
Could she be waiting to see if she can get the planning permission and ensure she has some profits from renovation? If so, that's not fair on you, no seller will wait for a buyer to decide if they can make profits on it. It is their investment so risk is on them to have their money tied to the property.
Tell her if you have to wait any longer, the house is worth more than a year ago, and you will also have to increase the price once the planning permission is approved.0
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