I'm after some basic advice on making an unsolicited offer. We will shortly be completing a purchase of a section. Unfortunately due to changing personal circumstances we it appears we will be unable to afford to build on the property. However, the land is in a highly desireable area and if we sold we would at least get our money back, and probably make around $25K profit.
However, the silver lining is that should we sell we can afford to buy our current rental, which is in a fabulous location and really only needs insulation, ventilation and better heating to make it warm and dry.We love the location. The property was for sale last year, but becuase we had a long term lease on it it did not sell. We can afford what they want for it and pay less in mortgage than in rent. We have 6 months left on the lease and we are contemplating making a offer conditional on our section selling. The vendors agent is not someone we wish to business with and the landlord is based and is a little particular. We rent through a property manager. Who do we approach and should it be us doing it or our lawyers?
As is probably abundantly clear we are newbies to this and in a difficult situation, so would appreciate advice from old hands.
However, the silver lining is that should we sell we can afford to buy our current rental, which is in a fabulous location and really only needs insulation, ventilation and better heating to make it warm and dry.We love the location. The property was for sale last year, but becuase we had a long term lease on it it did not sell. We can afford what they want for it and pay less in mortgage than in rent. We have 6 months left on the lease and we are contemplating making a offer conditional on our section selling. The vendors agent is not someone we wish to business with and the landlord is based and is a little particular. We rent through a property manager. Who do we approach and should it be us doing it or our lawyers?
As is probably abundantly clear we are newbies to this and in a difficult situation, so would appreciate advice from old hands.
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