Do banks give better deals when they do the selling of houses?
I was adviced by a friend that buying a house from a bank happens to be a little cheaper than from home owners. However, I am not so sure of this as much as it sounds great. Can someone please adivice me on this?
And how does buying from the bank differ? (That is if it does)
And how does buying from the bank differ? (That is if it does)
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Hello there Mr. Kamau
When Banks sell properties that they've repossessed from defaulters, the banks motivation is to recover the amount outstanding which is much often lower than the prevailing market rate; you can therefore get a good deal from a bank.
However to understand how the new constitution affects the selling of repossessed properties and the potential mine fields for buyers, contact Us. Well set up a meeting with one of our in house legal advisers.
