No - the €250K figure comes from here:The op stated that they had agreed with vendor to drop another 60k therefore only have to make up 40k plus 5% of valuation from savings. I assume the 250 K figure your using is from the house across the road.
I missed the bit about the further €60K discount:The price seemed appropriate 6 weeks ago but a house acrossthe road has not sold after being on the market for 2 months and theyve dropped their asking price by 250,000 since coming on the market-need to sell.
but surely since the shortfall is still €40K + 5% of the valuation price the original poster is still overstretched and cannot obviously afford this property?have agreed a lower price with vendor saving ourselve 60k on agreed price.given that originally she felt the house was worth 200k more than the agreed price I think weve done ok. again thanks!
The vendor seems to have dropped the asking price by €310K since putting it on the market!