11 Jul 2008 12:00 AM:
Having read all the views and opinions of the people below especially those who do not hold out much hope for Finca Parc, should we then offer the developer less than the original price considering the current climate generally and also the state of sales on the development of Las H at present. There is I think a term called 'gazundering' the opposite to gazumping. It basically means - and please correct where I am wrong - that you offer less than the original price ie. an Esther was £169,900 and at present CAM bank have valued them at euros 206,470.32 roughly £208,000 sounds ok but CAM bank are tied up big time with Cleyton Ges and they need people to complete, however what if they are not currently valued at that by another bank. I wonder what would be the case if they are only, say for example, worth £150,000 lovely place but quite far inland and no amenities on site for quite some time it appears from what I am reading then people would not need a mortage based on 169,900 but only 150,000 which saves quite a lot of money and borrowing. Then what if everyone on phase 1 got together and agreed to offer less for the model whatever they would really be in trouble, as say for instance they would not be able to complete on any property and they so desparately need that to happen, have a think worse case is that everyone complete's on the current CAM bank valuation and it would be interesting to here if anyone has had any other valuation from any other bank or surveyor representing a bank for a current mortgage application.
I love the development and every faith in it and have done since the beginning and yes have one on the first phase, however I read in the FT and Guardian last few months that gazundering is the name of the game today as all property agents and sales companies really deter you from doing it and strongly advise against it as it goes exactly against everything they are about, and that is selling. Come on you lot! Wake up and smell the coffee we Brits have had a huge bashing in Spain these last couple of years with people's homes taken back etc. united we stand and united we WIN!!!
Debbie
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Community thread:
Business Premises
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