Property Part-ex

[vetran]

Yeah, there's never anything wrong with them. Except you have to replace the boiler. And the wiring is probably naff. And when you try to take the wallpaper off the plaster comes with it. Etc. There's always something wrong

which you factor into the price and have done by people you trust and to your taste.

If you are going to put lipstick on a pig at least make sure its a fit and healthy one that you fancy!

replaster , 3 new toilets / bathrooms, boiler and rewire is about £20-30K.

having a garden you can swing a cat in and more than one parking space = priceless

[vetran]

Why do you need 75 houses?

I have to accommodate the concubines.

[JRCT]

Do they tell you (have you asked) how much under market value they'll give you? I mean it's not hard to get your house valued, even by the same agent, and then separately ask about part-ex.
If you find out, would you report back, I'd be interested.

So the part-ex never happened and it went pretty much as I expected.

The flat was vlaued at £100k. The estate agent has an Investment arm which make the part-ex offer. Without getting as far as an offer, they told me that I wouldn't get market value, and probably wouldn't get near to £90k that I'd suggested as my minimum. What they did say they'd do is speak to the vendor of the house I wanted to buy and see if they would drop their price by £20k. If so, then an offer of £80k for the flat would be the same as both properties going at market rate.

My answer to that was "If they're willing to drop the price by £20k, then I'll sell the flat myself at market rate and make an offer £20k less than they're asking". He said that was up to me. Hmmm.