Disclaimer: By posting on this web site it is accepted that you have agreed to our Terms. Please DO NOT publish copyrighted material/pictures without the owner’s permission, you are liable for any costs incurred.


Results 1 to 8 of 8
  1. #1
    Trusted Member stevewool's Avatar
    Join Date
    Feb 2010
    Location
    derbyshire
    Posts
    18,980
    Rep Power
    150

    finding your ideal place

    Ok boys and girls once you have found the place that you think is right for you, can you beat trhe price down , is it a done thing or is the price they are asking the price you must pay for the place,
    Also if you agree a price can someone come along and pay a higher price for it,
    What other cost are to be added to price ie fees, costing and so on, thanks


  2. #2
    Respected Member
    Join Date
    Feb 2009
    Posts
    751
    Rep Power
    74
    Are you talking about buying a house in this country?

    All I can say is that it's an absolute nightmare and I hope I don't have to do it again for a long time!

    There must be a better system than the one we have, especially when a "chain" is involved. Some kind of bond ought to be employed when an offer is made on a house. It could only be £100, but it would deter the time-wasters.


  3. #3
    Trusted Member stevewool's Avatar
    Join Date
    Feb 2010
    Location
    derbyshire
    Posts
    18,980
    Rep Power
    150
    sorry i should have said, over in the phils i am looking at


  4. #4
    Moderator fred's Avatar
    Join Date
    Feb 2006
    Location
    South,North East,somewhere.
    Posts
    11,433
    Rep Power
    150
    Its not easy for them to find a cash buyer in many areas here unless you are ahead of the curve and know how to market the gaff.. Getting gazumped here is pretty rare..lol
    I think if you have found a place you like and have checked there are no liens etc (considerable task!!)
    Offer them a silly price in crispy notes and walk away if they say "NO"!! ...and wait a couple of weeks..
    This is to determine how desperate they are for those amazing and wonderful wads that you displayed to them!!
    Like any Business Steve.. Everything is negotiable!!
    IMO lang.


  5. #5
    Respected Member
    Join Date
    Jan 2009
    Location
    Sydney, Australia
    Posts
    2,557
    Rep Power
    112
    I am in the process of trying to buy another lot in a nice subdivision, direct from a bank, repossession. I am starting with a pretty low formal offer.


  6. #6
    Trusted Member jake's Avatar
    Join Date
    Sep 2012
    Location
    philippines
    Posts
    1,868
    Rep Power
    130
    Quote Originally Posted by RickyR View Post
    I am in the process of trying to buy another lot in a nice subdivision, direct from a bank, repossession. I am starting with a pretty low formal offer.
    How much below the asking price? You could try 40%, as they sometimes want cash buyers only.
    You are obviously a smart guy Ricky, however watch the banks, as they sometimes have a surprise up their sleeve.


  7. #7
    Trusted Member jake's Avatar
    Join Date
    Sep 2012
    Location
    philippines
    Posts
    1,868
    Rep Power
    130
    The simple answer is yes. There are also a lot of what-ifs. You could offer a lower price and someone else comes along and pays the asking price. Steve's dream home
    Doesn't usually work that way in the Philippines but don't be fooled into thinking that some locals haven't got the money to buy the property. If there is money to be made someone will buy the property, especially if the area has commercial potential.
    Just now we are trying to buy a property, as my dyslexic brain has worked out that within 7 years we will recoup the initial investment. The original price per sqm was to high in my opinion. We offered 30% below the asking price. The owner offered to drop the price by 15%, probably expecting us to meet in the middle and go up 15%. We decided at the start that our offer was fair and unless they drop another 15% we will walk away. The problem is the owner doesnt need the money, so is in no hurry to sell. Stalemate!

    If the title is clean and there are no back taxes to be paid the other costs are fairly minimal.


  8. #8
    Respected Member
    Join Date
    Jan 2009
    Location
    Sydney, Australia
    Posts
    2,557
    Rep Power
    112
    Quote Originally Posted by jake View Post
    How much below the asking price? You could try 40%, as they sometimes want cash buyers only.
    You are obviously a smart guy Ricky, however watch the banks, as they sometimes have a surprise up their sleeve.
    I was considering 40% below, and will try and negotiate from that basis. It will be cash, which I am sure helps. They are offering a clean title and paid up taxes, however after getting advice on another forum will be doing some extra digging first to see if anything could be a problem with this. We have been watching some of the foreclosure lists for a while (I know its a bit grim, but someone has to buy them).


Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Ideal car for a Filipina ?
    By grahamw48 in forum Living in the UK
    Replies: 27
    Last Post: 30th July 2012, 16:20
  2. your ideal wedding
    By ditchidosh in forum Courting, Relationships & Weddings
    Replies: 10
    Last Post: 9th December 2006, 17:47

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Filipino Forum : Philippine Forum