I live in a detatched house next to some land which a property developer is going to build a very large number of flats on. They have approached me to ask if they can buy my house as well as they say it will enhance their scheme greatly. What shall I do, do you sell for the straight price of the property or can you name your price?
2007-01-22 06:48:25 · 15 answers · asked by Anonymous in Home & Garden ➔ Other - Home & Garden
Honey - not only should you be able to name your price - you'll probably be able to write your own cheque!!!!
Wait till they've built their 'prestige executive family started homes' then put two knackered out Vauxhall Nova's on your drive, leave your grass to grow to nature reserve height and start playing annoying Euro techno from 5 in the evening till 2 in the morning.
After a couple of months of their executive starters complaining they'll not only buy your house for an inflated price they'll probably move you out themselves in a limo.
Good for you.
2007-01-25 00:04:26 · answer #1 · answered by Amanda C 3 · 0⤊ 0⤋
Wait alittle bit and make them pay your price! The longer you wait the more they will pay. It's going to be worth alot more putting something like that there! I rented a place once that my landlord paid 40,000 for my house. (The people were desperate. Their Mom went to a nursing home and they needed money now. It was hers anyways. They had to do it) So anyways, the property went commercial 10 years later. He knew it was going to. And when it did, it is now worth 500,000! For an acer! But if my landlord had paid what it was actually worth, it probably would have been 75,000. That's still a nice profit! The next door neighbors there, they are the only ones that had 2 acers of land and the developers only wanted to pay her the same as everyone else. Not fair. She had twice as much land. She refused and waited. She got the million! So, if they want it, they will pay. Find out from the city an estimate of how much it would be worth with a place like that going in. Or maybe a mortgage company. Someone should be able to tell you. Then, you'll know what to ask for because you'll have done your homework first and they can't take advantage of you. Good luck.
2007-01-22 07:00:17 · answer #2 · answered by Shari 5 · 0⤊ 0⤋
Research the cost of building a new home for yourself, the cost of moving and being displaced while you're moving/building, and other expenses that may be incurred by you for selling the property. Factor this in with the current price of properties of comparable value to yours, and add a little bit more. Present this as your asking price and the negotiations will start from there.
There has to be some amount added because you will be displaced. This you need to stick with otherwise you end up losing in the deal. The extra amount you factor in is the negotiating amount you can take or leave. Don't be too greedy . . . you may end up holding an empty bag. Consult with experts in real estate if you know of one.
2007-01-22 06:59:35 · answer #3 · answered by JADE 6 · 0⤊ 0⤋
The housing market is not a get rich quick scheme no matter how some may perceive it. The property developer is unlikely to offer you over the market value, if he does snatch his hand off... Depending on the location and the nature of these flats your property could very well be devalued so you need to think very carefully about what you do.
2007-01-22 07:04:10 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Try to get as much as you can and don't accept any bull from the company they are going to make millions in their development. Start by asking for more than just the price of your curren house. Remember in florida there were people this year who sold their mobile home park and each family got well over a million for tiny pices of land that had crummy little mobile homes on them.
2007-01-22 07:04:06 · answer #5 · answered by c m 3 · 0⤊ 0⤋
Be careful. If they want the property badly enough, they can claim "eminent domain" and take your property whether you like it or not. It's happening all over the country. But mostly to people who hold out for ridiculous and unreasonable amounts of money for their property. If "eminent domain" is enforced, you will get a check for the "fair and current market value" of your property. My advise, if you can get a slightly higher figure, then take the money and relocate. Otherwise you may end up fighting a losing battle.
2007-01-22 06:55:05 · answer #6 · answered by Emm 6 · 0⤊ 0⤋
If they want your proprty that badly they should offer you well above the asking price.
Failing that try and broker a deal with them where they buy your house and then you buy a cut price flat from them, that way you will still have a place to live and should have a handsome amount of cash for your trouble.
2007-01-22 07:01:25 · answer #7 · answered by Lion Head 3 · 0⤊ 0⤋
Put it in the hands of your solicitor ,and let the property developer deal with him ,it won,t be nice living at the side of a block of flats.
2007-01-22 07:09:23 · answer #8 · answered by Mick 4 · 0⤊ 0⤋
Find out how much your house is worth, ask for some more and make sure that you can buy yourself some nice house with that money. Good luck!
2007-01-22 06:56:32 · answer #9 · answered by Anonymous · 0⤊ 0⤋
i think you should name your own price or if you havve the time go to court saying that you dont want to sell your property and i bet they will pay you much more than a few thousands
2007-01-22 08:01:07 · answer #10 · answered by vamy189 2 · 0⤊ 0⤋