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Old 18.09.2011, 20:34
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Re: Buy a new terrassehouse, but Bank evaluate the house with much lower price

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Unfortunately this is really new, just start building now. it is also just base price. 5 or 6 house in the same building have been sold, but I do not know the detail, althrough I have met the buyers once altogether.
I would be interested to know the prices the others agreed & if they got any 'cash back' on signing the contract.

In the UK there is often a huge cash back scam, the developer can then get a high price noted at the land registry. It's often 25% or more of the purchase price, then people are surprised the nasty banks undervalue. Some fools will pay anything to get on the 'ladder' which looks like turning into a snake any time soon.
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