Talk

Advanced search

Mumsnet has not checked the qualifications of anyone posting here. Free legal advice is available from a Citizen's Advice Bureau, and the Law Society can supply a list of local solicitors.

how much would you accept??

(7 Posts)
iambach Thu 25-Aug-11 20:29:48

If you'd inherited property from an old relative but it was hundreds of miles away and you had no use for it, been trying to sell it for over a year and although valued originally at 120k other property the same but modernised in that street struggling to sell for 85. What is the lowest offer you'd consider in YOUR current situation.

ragged Thu 25-Aug-11 20:31:40

Do you NEED the money soon? Do you have a better place to invest (say) 80k? Is the property costing you money at the moment in some way, er... council tax, electricity, gas?

LydiaWickham Thu 25-Aug-11 20:33:06

Depends how much work it needs, how much you could rent it out for (if you wanted to go down that route), how long you'd had it on the market, and if you've tried changing estate agents.

Otherwise, I'd say if other similar sized properties in the same road that are in better nick aren't going for £85k, then I'd go with £70-75k.

TeamEdward Thu 25-Aug-11 20:36:22

Message withdrawn at poster's request.

iambach Thu 25-Aug-11 20:38:48

No cost to keep it lying empty but the longer it sits the longer the grass gets, the damper the house gets thru another winter empty. Too far away/busy to manage renting it out of any sort.
No interest in over a year minus one person who couldn't get the mortgage.

Would you at this stage consider a cash buyer with 48k?

iambach Thu 25-Aug-11 20:39:47

No interest in hanging on to it would prefer it gone.

TeamEdward Thu 25-Aug-11 20:49:29

Message withdrawn at poster's request.

Join the discussion

Join the discussion

Registering is free, easy, and means you can join in the discussion, get discounts, win prizes and lots more.

Register now