It has been on the market for some time, but I’m worried about insulting the seller
Q My partner and I are considering offering less than the advertised fixed price on a property in Glasgow. A month ago, the property was reduced to a fixed price of £20,000 below the value given in the home report after 12 weeks with no sale. Even with this reduction in price the property is still a bit more expensive than similar properties in the immediate area, so we would be worried about not getting our money back when we come to sell. The property has never been sold before (it was built by the current owners) so it’s difficult to determine the real price. To offset our concerns about the resale value, we are considering offering less than the fixed price, but are concerned this will insult the seller and they will refuse any further offers from us.
AN
A Making an offer on property in Scotland is different from in the rest of the UK in that it’s not just a question of a quick phone call to the seller’s estate agent. Instead, you get a solicitor first to “notify your interest” in the property and then to prepare a formal offer – which he or she signs on your behalf – before submitting it to the seller’s agents.
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