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House up for sale for 3 years what to offer.

I've found a house I want to buy, only one problem it's been up for sale for 3 years, should I offer 30% under market value? An it needs alot of work.

Asked on Oct 4 2014, General in Bradford | Report content

Answers (5)

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  • If it won't sell it is either overpriced or needs work.

    Answered on Oct 4 2014, Report content
  • If the vendor were willing to sell at a sensible price I would expect them to have reduced the price to something more attractive long ago. So either they don't really want to sell or are in negative equity and don't want to admit it.

    Answered on Oct 4 2014, Report content
  • Definitely agree with above, if they are not deluded, they are in debt.

    Answered on Oct 5 2014, Report content
  • Three years does seem like a long time but sometimes, it can take a while to find the right buyer if the property is unique. At the end of the day, you have nothing to lose by testing the waters and making an offer. You never know what the vendors situation is, how keen they are to move, if they have seen something they like etc. Give it a try and see what the agent comes back with.

    Answered on Oct 9 2014, Report content
  • Offer whatever you feel is reasonable - some owners are expecting buyers to come in with under value offers. It is worth whatever the buyer and mortgage lender think it's worth really.

    Answered on Dec 10 2014, Report content

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