Selling my house to the council

deannagone

I had a quick read around, and it looks like councils may have a policy of offering the market price less any repairs they carried out for a period of time.  I would hope this is better defined in the paperwork somewhere.  Some councils also have first refusal for 10 years. If you can't find answers in the paperwork, I guess you will have to find who to clarify this with in the council. Maybe you can email or speak to them so you can prepare.  Your councillor might be able to access information as well.

Hasbeen

Dougie_Bilbie said:

We have had an offer accepted on a house we really like and we are selling ours to fund the sale. As we got it through the right to buy scheme and are in the first 5 years we have to sell it back to the council first. We have sent the forms off and we are waiting on a response but while we waited we put our house on the market to see if we could get any interest. This is where our dilemma starts. We're offered a really good amount for more than the value of the property. My question is can I say to the council (who have first refusal) that I have had a better offer than what they want to but it for and can I turn thier offer down if it is lower? 

You sent the forms to the council then to save time?

You put your house for sale with an agent and have had offers? 

The council has first refusal.

You must be pretty confident they will not want to buy?

 

Norman_Castle

https://www.gov.uk/right-to-buy-buying-your-council-home/selling-your-home

Selling your home

If you sell your home within 10 years of buying it through Right to Buy, you must first offer it to either:

• your old landlord
• another social landlord in the area

The property should be sold at the full market price agreed between you and the landlord.

If you cannot agree, a district valuer will say how much your home is worth and set the price. You will not have to pay for their valuation.

You can sell your home to anyone if the landlord does not agree to buy it within 8 weeks.

caprikid1

Hopefully the council will buy it back at a fair market rate and pay you back the profit less your discount. This way another family can enjoy a nice home.

es5595

The “market rate” is the rate someone else is prepared to buy it for, although unless it’s significantly different, it’s probably not worth the delay haggling over.