Hi guys! I`m asking for a legal advice regarding the costs of my legal improvements on my home. I have my buyer for my property, (house and lot) which I bought last year. He is willing to pay for all the improvements I`ve made during my stay. I bought the property last year for 300k and I don`t know the exact amount I`ve spent for the improvements. I offer him the property for 380k, and he bargain for a 350k,.Is it fair to him that said amount. I wanna sell that property but somehow I don`t wanna overcharge my buyer. I want a specific prize suggestion for this. Replies would be very much appreciated.
Can't you get a professional house valuation to see what the actuall cost of the house is? That would then include the cost of the house and improvements. If the buyer wants the house and is interested enough, he can get his own valuation or contact the company you had evaluate your house and get the confirm the price. Just a thought.
An appraisal is the way to go. If you don't want to overcharge your buyer for any reason, go by the appraisal value. On the other hand, if he said $350K from $380K, I would counter offer with a $370K. But that only me, I like money...
You need to ask your questions over at PropertyTalk I reckon. Remember to let people know what country you are in. FWIW: your buyer should be paying the market rate. If that's not good, then find another buyer.