You mentioned that you didnt think the property was worth more than 650K ?….Just how did you arrive at that number ?
In a declining asset market (avalanche) who would be foolish enough to place a number on something while its sliding down ?
where this will stop nobody really knows, but I can almost assure you that the number you chose for its value (650K) is completely subject to speculation
If you think its worth that…good luck then, offer that and god bless you, Iam sure the builders will probably sell for that…They are looking for the "Greater Fools" also.