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Sandwiched between investor properties
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dimbo61 said:Reading in the paper today there is a huge shortage of properties for sale and rent in many parts of the country.Do you think it will make a good family home.
Yes get the best price but the Investor will want it ready for students by September.
Do you know who the Investor is ?
Article 4 in your area ?A4 is proposed in the area.I don't know the investor, but the EA did mention them during the initial valuation. So they are a regular client.It would make a nice family home. However all prospective viewings are investors. So I think selling to an investor is likely now.0 -
jcuurthht said:I am selling my late mother's property. The neighbor has students on one side, and if I sell to an investor, she'll have students/young professionals on the other side. I understand some council's have restrictions against this.
The council can't stop the sale, but what they might prevent is an application to turn it into an HMO. However, that's a problem for the new owner, not you.1 -
ReadingTim said:jcuurthht said:I am selling my late mother's property. The neighbor has students on one side, and if I sell to an investor, she'll have students/young professionals on the other side. I understand some council's have restrictions against this.
The council can't stop the sale, but what they might prevent is an application to turn it into an HMO. However, that's a problem for the new owner, not you.
Yeah there is currently a proposal in the County for this. I understand Bristol already have it implemented.
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All the booked viewings are investors, it's a very hot area for property sales but the other 4 investors cannot view until the end of next week, and the EA seems to know the investor that has offered? Hmmm...
Have you got a friend to phone up to enquire about the property and see if it's still available and if they could book a viewing?Should've = Should HAVE (not 'of')
Would've = Would HAVE (not 'of')
No, I am not perfect, but yes I do judge people on their use of basic English language. If you didn't know the above, then learn it! (If English is your second language, then you are forgiven!)2 -
Apart from the possibility of a cosy agent/ buyer relationship, isn't there a potential issue for the executors? They should not be selling at under-value and should be seen to be maximising the value of the estate. The only way of determining the value of this house is to leave it open to offers.
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martindow said:Apart from the possibility of a cosy agent/ buyer relationship, isn't there a potential issue for the executors? They should not be selling at under-value and should be seen to be maximising the value of the estate. The only way of determining the value of this house is to leave it open to offers.Fortunately I am the only execeutor and beneficiary, so I don't think this is a concern.1
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pinkshoes said:All the booked viewings are investors, it's a very hot area for property sales but the other 4 investors cannot view until the end of next week, and the EA seems to know the investor that has offered? Hmmm...
Have you got a friend to phone up to enquire about the property and see if it's still available and if they could book a viewing?
No, I hadn't considered doing this.
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I would definitely let the other viewings go ahead and then make a decision.
I would also do as @pinkshoes suggested. Can't do any harm.1
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