I have found a bungalow that is a complete renovation. Been on the market two years. Three offers fallen through for various reasons and now being advertised as cash/low loan to value buyers.
Vendor bought for £160k (£30k under asking price) in 2014 and now.selling for £185k. Having seen the original pictures and the bungalow, all they have done is carpet and paint. The place is in more disrepair than when they bought it. Roof tiles, back boiler, not replacing garage door glass etc...
How do i negotiate this? I don't think its worth £185k but am aware that they will want to sell for more than they paid. I love it. Also, the lower i am accepted the easier a low loan to value mortgage would be for me. I am definitely not a.cash buyer. Depending on survey i would have to make do and mend while I save for works to be done.
Thank you for helping.
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how to negotiate
16 replies
planesick · 06/11/2017 08:08
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