I've made bids on 3 properties recently - typically offering significantly below the asking price. These properties have all been with different agents and inevitably the lines is "I can't imagine that the vendor will seriously consider such an offer" to which I have retorted along the lines "well looking at the property price register (PPR) I think it's a pretty reasonable offer".
Each time I have been to not to mind the PPR as it's way out of day - however one of my neighbour sold and moved out 6 weeks ago and that house is on the register already so I know that's not always the case.
I'm wondering is there an obligation on the legal guys to ensure property prices are registered within a specific timeframe once the sale has been processed?
While the spin from the EAs hasn't changed my strategy I'm sure for people like first time buyers it must be pretty disconcerting to be hearing that the PPR is completely out of date.
Roy
Each time I have been to not to mind the PPR as it's way out of day - however one of my neighbour sold and moved out 6 weeks ago and that house is on the register already so I know that's not always the case.
I'm wondering is there an obligation on the legal guys to ensure property prices are registered within a specific timeframe once the sale has been processed?
While the spin from the EAs hasn't changed my strategy I'm sure for people like first time buyers it must be pretty disconcerting to be hearing that the PPR is completely out of date.
Roy