Wanted: Whats the lowest price I could offer for 2 bed apartment

Posted: Mon Jul 5, 2021 8:35pm

15 replies1178 views7 members subscribed

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Aled

Posts: 3

Location: Las Terrazas de la Torre

Joined: 5 Jul 2021

Hi

I'm looking at putting a offer in on la terraza torre golf for a 2 bed apartment.

Its on for €51000 and its a Bank repo.

What would you think the lowest they would take or if anyone has brought recently it would be a massive help in guiding me in the right direction.

I've just came back from viewing the apartment as in good condition just needs air con,lights,furniture etc.

Any helps and advise would be great.

Thanks al

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Posted: Tue Jul 6, 2021 9:20am

Peter24

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Posts: 377

155 helpful points

Location: Mar Menor

Joined: 26 Jan 2018

Posted: Tue Jul 6, 2021 9:20am

It's a good price but try €48,000. Good luck.

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Posted: Tue Jul 6, 2021 9:37am

Roland

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Posts: 3531

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Location: Camposol

Joined: 23 Feb 2018

Posted: Tue Jul 6, 2021 9:37am

I heard a rumour somewhere that banks will not take an offer on a repo.

That's the price take it or leave it.

I don't know how true it is though.

Certainly no harm in trying.

Posted: Tue Jul 6, 2021 12:18pm

eduardo3332

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Location: Santiago de la Ribera

Joined: 21 Jan 2016

Posted: Tue Jul 6, 2021 12:18pm

Aled wrote on Mon Jul 5, 2021 8:35pm:
Hi
I'm looking at putting a offer in on la terraza torre golf for a 2 bed apartment.

Read more...

Its on for €51000 and its a Bank repo.
What would you think the lowest they would take or if anyone has brought recently it would be a massive help in guiding me in the right direction.
I've just came back from viewing the apartment as in good condition just needs air con,lights,furniture etc.
Any helps and advise would be great.
Thanks al

The last property I bought was on the market at 63,000, I offered 48,000 and they accepted straight away I wish I started at 40.000 remember you can always go up but not down.

And as far as I am aware Banks will always accept a reasonable offer and have always negotiated with my purchases.

Posted: Tue Jul 6, 2021 12:25pm

Aled

Original Poster

Posts: 3

Location: Las Terrazas de la Torre

Joined: 5 Jul 2021

Posted: Tue Jul 6, 2021 12:25pm

eduardo3332 wrote on Tue Jul 6, 2021 12:18pm:
The last property I bought was on the market at 63,000, I offered 48,000 and they accepted straight away I wish I started at 40.000 remember you can always go up but not down.
And as far as I am aware Banks will always accept a reasonable offer and have always negotiated with my purchases.

Hi

Many thanks for your reply,thats great news for you ill start low and see what comes of it.

Thanks al

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Posted: Tue Jul 6, 2021 12:37pm

eduardo3332

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Posts: 1583

1185 helpful points

Location: Santiago de la Ribera

Joined: 21 Jan 2016

Posted: Tue Jul 6, 2021 12:37pm

Aled wrote on Tue Jul 6, 2021 12:25pm:
Hi
Many thanks for your reply,thats great news for you ill start low and see what comes of it.

Read more...

Thanks al

One thing I forgot to say is if you are dealing with an agent not directly with the bank, do not accept if they say sorry the bank will not accept this, insists that they put and you see them put the offer to the bank, remember the agent is on a commission, ( I have been an agent also still own an SL property company although not trading at the moment)

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Posted: Tue Jul 6, 2021 12:45pm

Aled

Original Poster

Posts: 3

Location: Las Terrazas de la Torre

Joined: 5 Jul 2021

Posted: Tue Jul 6, 2021 12:45pm

eduardo3332 wrote on Tue Jul 6, 2021 12:37pm:
One thing I forgot to say is if you are dealing with an agent not directly with the bank, do not accept if they say sorry the bank will not accept this, insists that they put and you see them put the offer to the bank, remember the agent is on a commission, ( I have been an agent also still own a...

Read more...

...n SL property company although not trading at the moment)

Many thanks for the great pointer I will keep my eye on the agent make sure they put offer to the bank.

Thanks for all your input,its much appreciated.

Thanks al

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Posted: Tue Jul 6, 2021 3:49pm

Peter3473

Posts: 78

47 helpful points

Location: Camposol

Joined: 21 Jun 2019

Posted: Tue Jul 6, 2021 3:49pm

Try 20% then work down to 10% off the asking price. good luck.

Posted: Wed Jul 7, 2021 1:38pm

GB12

Posts: 1

Location: Los Alcázares

Joined: 23 Sep 2020

Posted: Wed Jul 7, 2021 1:38pm

Aled wrote on Mon Jul 5, 2021 8:35pm:
Hi
I'm looking at putting a offer in on la terraza torre golf for a 2 bed apartment.

Read more...

Its on for €51000 and its a Bank repo.
What would you think the lowest they would take or if anyone has brought recently it would be a massive help in guiding me in the right direction.
I've just came back from viewing the apartment as in good condition just needs air con,lights,furniture etc.
Any helps and advise would be great.
Thanks al

Aled

the best of luck with your apartment, i hope you get it at a very good price. i am considering buying an apartment next year, would you mind telling me where these repossessed apartments are advertised, they seem to be very good value

regards

Gerry