We are currently living in a rental house with an opportunity to purchase it from our landlord. Even if we don't buy the house, it will be put on the market.
My question is how do we approach the offer ? He has told us what it is worth (approx 465,000), and has told us what he will sell it to us for (460,000). There are 2 other houses in the estate on the market for 20,000 less than what he has offered us the house for. Our house would be a little bigger than these 2 houses, but still the same concept, 4 bed semi detached.
One of these houses has been on the market for over a year, but is also a rental property so I am presuming the owner is not in a rush to sell.
Do we offer less than what these 2 houses are on the market for ? If he sells it to us we are saving Estate Agent fees, he will not have to put any work into the house to get it ready for sale. The house is in goodish condition, but a lick of paint wouldn't do it any harm.
Any advice on what offer to start the ball rolling would be very much appreciated.
Thanks.
My question is how do we approach the offer ? He has told us what it is worth (approx 465,000), and has told us what he will sell it to us for (460,000). There are 2 other houses in the estate on the market for 20,000 less than what he has offered us the house for. Our house would be a little bigger than these 2 houses, but still the same concept, 4 bed semi detached.
One of these houses has been on the market for over a year, but is also a rental property so I am presuming the owner is not in a rush to sell.
Do we offer less than what these 2 houses are on the market for ? If he sells it to us we are saving Estate Agent fees, he will not have to put any work into the house to get it ready for sale. The house is in goodish condition, but a lick of paint wouldn't do it any harm.
Any advice on what offer to start the ball rolling would be very much appreciated.
Thanks.