What to Offer

G

ger49

Registered User
Messages
43
hi, Appreciate any suggestions on the following matter.
I have been renting a property for the last 4 years. I am interested in purchasing it.The landlord who resides abroad has asked me to make an offer for property.There have been no other propertys in complex for sale since i have been here. The last similar property that sold was 4.5 years ago for Euro 340,000. The landlord has said he is not putting property on market and is not aware of current valuation.
Based on changes in market what would be a reasonable offer.
 
Tough one.

If it's an apartment, there must be other apartment complexes in the area, with which you can do comparisons. For example, a similar two bedroomed apartment is currently asking €x. However, you could suggest that the current practice is to ask for prices 20% higher than what they expect.

He will find it difficult to sell at the moment and he may also find it difficult to rent if you move out.
 
You must log in or register to reply here.
Back
Top