Banking property acquisition: the underwater rocks to be aware of

banking-propertyForeign investors, experienced in the acquisition of banking real estate in London, are aware of the fact that the bank initially exposes an object on a strictly fixed price, and it is usually overpriced. However, the practice shows that investors can bargain on the final amount, since banking institutions are primarily interested in profitable sales of the objects on balance, given the fact of a lending opportunity at the same time; therefore, are willing to significantly reduce the value of the property. When buying real estate from a bank it is recommended to announce your own proposal.

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