28 Mar 2007 10:38 AM:
Hi Rixxy, phoned the second number for a full valuation and they dont speak English at all.
Told my son how much you said the apartment was worth (roughly) and he was surprised as last year when he got his mortgage in April it was valued at 259,000 euros. I think he was expecting it to be around 280,000 which the private buyer (his girlfriends father) then wanted him to take off the CGT which would be around 11,000, giving a selling price of 269,000.
Dont wont to frighten the buyer off and wondered if anyone had any opinions of whether to sell at 269,000 because of the state of the property market or get a full valuation and go from there. Rixxy thought the property would be worth around 320,000 which works out at 2,700 sq m.
Would really appreciate any opinions at all.
Also i think whatever price we agree on the buyer should also take into account that he is saving money and perhaps come up a bit. He is going to keep the mortgage in my sons name, daughter and son are going to have a private contract and son is selling the right to use half the property (Usufruct) to his girlfriend. This is going to cost the buyer around 10,000 compared to the normal costs of buying a house and organizing a mortgage. Does anyone have a rough idea what his costs would be on a 'normal' resale.
Thanks Janis
Thread:
Bank valuations
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