Property advice - serious off topic stuffs!

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'Shy

Guest
Hi folks,

I need some advice from anyone who's had experience with this sort of thing.

I own a house in the Midlands, UK. I don't live there, but it is rented out to a pleasant enough family. The local Council have just approached me regarding buying my property from me to demolish it.

Not really sure what type of questions to ask them - ie can I haggle for a higher price since I'm not sure I will be able to afford anywhere else at the moment with the prices round there. Do I have to sell? What happens if I say no? Should I play it cool and let them hang on a bit or jump at the chance?!

I do want to sell it but last time I tried to do so the tenants left and it was sitting empty with no income for three months, it didn't sell quick enough so I had to re-let it to pay the mortgage.

Any advice or comments would be most appreciated. I need to speak to the letting agent in the morning who can hopefully give me some advice too, but the more input I can give the better.

Thanks!
 
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Apathy

Guest
Speak to the Citizen's Advice Beaureau as soon as you can. They will advise you. Or try a solicitor.

Don't ask the plebs who play this game. :p

And personally, the only good house in the Midlands is a demolished house. :D (I live 4 miles from Walsall. Ewwww.)

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S

'Shy

Guest
Haha agree totally, thats why I dont live there :D

Just thought I might be able to get some quick advice and ideas tonight before I start speaking to peoples tomorrow.

{edit} Solicitors cost money, and I'm already going through a divorce :(
 
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bracken_woodman

Guest
The question you ask is : "Is that the best you can do?". Then you go from there ;)

Btw, where is it, what type of house is it and how much they offered you so far?
 
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old.shotgunstow

Guest
bunny.jpg
 
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Apathy

Guest
Seriously, speak to the CAB. They can totally help!

And I am going to be doing volunteer work for them hopefully. Woo!

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Cap'n Sissyfoo

Guest
Just say something along the lines of, "HAH! I laugh at your offer!" and then storm out of the building/hang up the phone.

Probably won't achieve anything but it will feel damn good.
 
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uncle_sal

Guest
With high enough price ofcourse you sell... i suppose this council thingy can pay you on the agreed day and you can tell the nice couple that they have to leave before that day etc. i dont really see the problem here :p
 
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'Shy

Guest
Originally posted by uncle_sal
With high enough price ofcourse you sell... i suppose this council thingy can pay you on the agreed day and you can tell the nice couple that they have to leave before that day etc. i dont really see the problem here :p
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LOL! I'd have to give the tenants at least a month's notice.. Anyways, hurry up 9am so i can call the agents!
 
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'Shy

Guest
Originally posted by bracken_woodman
The question you ask is : "Is that the best you can do?". Then you go from there ;)

Btw, where is it, what type of house is it and how much they offered you so far?
Click to expand...

It's a 2 bedroom maisonette. Don't know how much they offered yet, if anything, will find out today.
 
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Kobold

Guest
I'd say it dependant on the price you get for it and if you have any loan on it, and how much you get from the renting peeps. In the long run it might be best to keep the house renting it out, caus ethen you will automaticly earn money eatch month without actually do anything....and thats wicked stuff! GL :D
 
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Driwen

Guest
Originally posted by Kobold
In the long run it might be best to keep the house renting it out, caus ethen you will automaticly earn money eatch month without actually do anything....and thats wicked stuff! GL :D
Click to expand...

i think you also need to maintain it. As in keep the house in a good order :p. Atleast that would be the case in the netherlands. Which can be rather irritating and if you need cash now instead within 5 years. It might be best to sell it :), but it has to be for a fair price :). And as i dont know anything about the law in uk, I cant give shy much help :(.

What I do know is that in the netherlands if the goverment wants some building down, it will be able to get it in their hands. If you keep on saying no, the goverment could get it to a court. Which would then decide wether or not it should be sold to the goverment and for how much. So in the end its usually best to sell it before it goes to court. As they tend to offer more than the court will as the court will cost money and time. Which they would rather avoid:).
My guess is that it is the same in the UK or atleast in some way. That if they really want to demolish that house, they will be able too. But most likely would have to go through some kind off long procedure, if you say no. Which would probably lead them to giving you a fairer price than the market would give you, before the procedure has started. Off course i could be totally off on this :p.
 
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Cadire

Guest
Is it the only house in the street that's being demolished? If not, see if you can find out whether the other residents are using the same solicitor... and instruct that solicitor to act for you.

CAB is good, but you really do have to instruct a solicitor to look after your interests in this matter. CAB may have the address of a suitable one.
 
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Kobold

Guest
I would kill the rabbit, it get hair on the pancakes...
 
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Kurik BHM

Guest
i love hair balls.... they tickle so nice in my stomach
 
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'Shy

Guest
Well back on the subject, I've found out a little more by talking to the agent, but I'm still waiting for the council guy to call me back.

Apprently they've approached the whole street, want to knock it all down and rebuild. Some have said yes, some have said no. Some properties in the next street are council owned and they can move the tenants at any time. Some who want to stay in the area have been offered a chance to purchase one of the new buildings when they are built, but of course this will be a year or so on. They particularly want mine because it is a corner plot so ideal to start on.

And yes Driwen, of course i maintain it :) I've been renting it out for 5 years now :)

Hmmmm well I guess when this guy gets round to calling me back and I have a fuller picture I will speak to the CAB and get some more advice if need be, hopefully free!
 
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'Shy

Guest
OOOOOOoooooooooooo council guy is coming to visit me tonight!!! I feel all inportant!!!
 
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bracken_woodman

Guest
Originally posted by ~shy~
OOOOOOoooooooooooo council guy is coming to visit me tonight!!! I feel all inportant!!!
Click to expand...

Remember, its...

"SHOW ME THE MONEY!"
"SHOOOOOW ME THE MONEY!"
"SHOOOOOW MEEEEE THE MONEY!"
 
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Karam_gruul

Guest
Originally posted by Apathy
Speak to the Citizen's Advice Beaureau as soon as you can. They will advise you. Or try a solicitor.

Don't ask the plebs who play this game. :p

And personally, the only good house in the Midlands is a demolished house. :D (I live 4 miles from Walsall. Ewwww.)

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what does the a. * mean after your post?
 
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Driwen

Guest
Originally posted by ~shy~
And yes Driwen, of course i maintain it :) I've been renting it out for 5 years now :)
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Knew you would, but was just meant to kobold ;) as he said that it is easy money :p. So I mentioned you had to maintain it aswell, which means work :p. =

Anyway how did it go with the council guy?:D
 
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