This week on Ask Rob & Rob, a listener…
Asks Rob & Rob about buying a property with a short lease.
In this week’s episode, Rob & Rob discuss the pros and cons of buying a property with only 70 years left on the lease.
Rob D starts off by saying that you need to go into this situation with your eyes open. The good news is that a property with a short lease is going to be harder for the owner to sell, which means less competition and more chance of your cheeky, low offer being accepted.
In this episode, Rob and Rob also give pointers on how to establish the value of the property with the current lease, the importance of working with a specialist and also having a process in place to make buying a property with a short lease an effective strategy for you. Listen in to get Rob D’s magic lease number that he recommends as a guideline for lease length.
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