Hello All,
Just a quick advise about housing market. I have seen a 2 bedroom flat around London.
It is a new flat which is 2 years old that has been repossessed.
The price sold 2 years back was GBP 360,000 (peak).
Now, from repossesion, it is currently on offer for GBP 240,000.
Currently, I have a group of investor and thinking of cash-buy, what do you think is the best level to go in at? 10% off the offer price (bearing in mind GBP240,000 is the current offer- repossesed price) - go about GBP 218,000 - GBP 220,000?
Thanks.
P/s: Also, this building are newly build and cover by NHBC, is there a separate documents that come with title or is it automatically attached to the flat?
Just a quick advise about housing market. I have seen a 2 bedroom flat around London.
It is a new flat which is 2 years old that has been repossessed.
The price sold 2 years back was GBP 360,000 (peak).
Now, from repossesion, it is currently on offer for GBP 240,000.
Currently, I have a group of investor and thinking of cash-buy, what do you think is the best level to go in at? 10% off the offer price (bearing in mind GBP240,000 is the current offer- repossesed price) - go about GBP 218,000 - GBP 220,000?
Thanks.
P/s: Also, this building are newly build and cover by NHBC, is there a separate documents that come with title or is it automatically attached to the flat?