Dude replied on Thursday, April 7, 2016 02:32 PM
Knowing the market value and having a readily available buyer are two different things. In property, at times it so happens that prices move up and the sellers disappear if the buyer shows interest in buying, and the prices go down and buyers disappear if the seller shows interest in selling. Therefore, if a plot is bought for house construction purpose, its selling out should only be considered if any buyer tuns up wjth exceptionally well offer, but if bought for investment purpose, it must be sold out on first reasonable offer slightly below the market worth leaving some growth margin for its buyer.
Finding a buyer with an acceptable offer, time required by buyer for funds arrangements and completion of transfer formalities, is a lengthy process. Property prices keep changing and what ever you pick today, no surety to get it tomorrow at the same price.
For you, right would be to keep a watch on LRE's daily price list and select a location and its worth that suits to you from all aspects and earmark it for future buying purpose, and in the meanwhile undertake formalities for plot you intend selling. It would be wise to incorporate LRE in all dealings. They look after the interests of not only sellers, but buyers interest too. |
