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Showing results for tags 'negotiation'.
Hey everyone! First post here, I’ve been listening to the pod for 2 years now and done some searching on here and other forums and and can’t quite find what I’m looking for so thought I’d give it a shot... I am looking to buy a fixer-upper in south west London and need to determine what the maximum I am willing to offer. I wonder if any of you smart folk have any suggestions as to how I calculate this. The property This is a 3 bed, 1 bathroom flat with planning permission to become a 4 bed 4 bathroom with a roof terrace. It is in need of significant refurbishment to bring
I would like to buy a repossession flat to live in. I am having trouble figuring out how much to put in an offer for. Here's the background information, my husband and I want to buy a flat to live in. It was put on the market at the beginning of the year, then pulled from the market because they weren't sure if it was mortgagable, and it has now gone back on the market again and has been for a few weeks now. It was previously on the market for 400k and it's again on the market for 400k. Someone else, previous to the flat being pulled from the market, put in an offer of 408k. I put
Hi all, I am in a bit of a pickle on my first property investment. The lender's valuation has come back £10k lower than my bid based on the prices of recently sold, similar properties in the area. Is there any first-instinct advice based on the above? Now for some more information: I can't make up the 10k shortfall and don't want to. The estate agent is going to contest the valuation today - he assures me that the valuation is accurate based on current prices. I see my options as 1) the valuation is contested and everything goes ahead as planned. 2) the valuation holds and I