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Drop Asking Price Or Extend Lease

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Hello

I have a London flat on the market that was attracting goodish offers a month or two ago until the sale fell through last week. My agent tells me that they have run out of contacts and I am keen to sell.

I am in two minds about extending the lease from 80 years to 125 or dropping the asking price by about the same amount it would cost to extend. This would give me no room for manoeuvre but might spark some more interest.

I would be grateful for some advice on what might be the better scenario.

Thanks.

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Hello

I have a London flat on the market that was attracting goodish offers a month or two ago until the sale fell through last week. My agent tells me that they have run out of contacts and I am keen to sell.

I am in two minds about extending the lease from 80 years to 125 or dropping the asking price by about the same amount it would cost to extend. This would give me no room for manoeuvre but might spark some more interest.

I would be grateful for some advice on what might be the better scenario.

Thanks.

80-125 years would make little difference to me, to buyers or to lenders. I'd drop your price.

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  • 145 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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