Quote:
Originally Posted by grays4u
hi when i ment was by my development its the one i am purchasing i am not an agent or developer and i have the £200 per year written in my contract which i think could reflect a more realistic fugure for investors and i am opening the discussion to what is a fair price. i gave a Hyperthetical devleopment of 150 units at £600 would give £75000 wich i said is a lot of money in egypt if you are only looking after that one unit wages are so cheap hope that helps
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Thanks for the clarification - seems to me the most likely issue for you the other owners is how do you control the annual charge AFTER the first year - do you have a fixed charge for a period of years or just first year.
It is not unknown to have a "loss leaders" in many selling situations, therfore it's back to what is the total package cost.
Put simply I could offer FREE maintenance for the first 5 years and simply add £1500 or something to the initial charge if this seemed to be important to the "market" that I'm selling to, or do it the other way around make annual fees £600 and drop the base price by £1500.
If your apartment is being sold at a little over price then that explains some of the difference.
If you need objective help we need more info please.
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