i have read a couple of times about correct structure. my situation

will buy it as on my own name as a First home a 2 bedroom unit.
i might convert it into IP 1-2 years away as I might make my parents as tenants on paper and though continue to live there. i can put my sisters address for all my correpondence. will have to check with…[Read more]

if a buy a expensive unit, will eng up paying more interest as well…

Thats true, today went for an auction of an property 5 minutes drive from where his unit is. new 2 bedroom unit, 138 sq. has everything and also close to shops, but 5 minutes drive from station.

guess what: this owner was also there for which i made 227 offer and got rejected. said hellow to each other.

while entering he told me, are…[Read more]

i said no worries, come back if owner changes his mind.…[Read more]

today in morning lady said that fixed will be 6.45 and later in afternoon it has increased to 6.55%

but the current variable it still 6.99%

do you think this change can be genuine or a way to make money from it.

at 6.99 % variable and 7.55 %…[Read more]

i today offered 227k saying can do quick settlement… the current asking price is offers over 250 k.

did a verbal offer only, as thats what the agent said. plus he said the owner already turned down an offer of 245k from an lady.

lets see what they say!

InvestHut

only us, then i stayed outside at a distance for another 5-10 mins and no one there.

been on the market as then say for 2 months…

will decide on this one, but can see this can be tricky

will wait for the pre approval, mailed everything in today, so have to wait a day or 2 for that.

InvestHut

will wait for my confirmed pre approval to come through and then act. should be thursday/friday i guess.

owner has been there for last 2 weekends, a single guy with his family overseas. i am thinking he will mostly be there.

i was thinking that I might not be able to negotiate that well perhaps face to face in open house.

but…[Read more]

quick one, the owner has open house every weekend. I am ready to out an offer for 228 k, they are asking “offers over 250k”

should write and send it to the agent on Friday or go to open house on weekend.

present my written offer of 228 k, subject to bank valuation and quick settlement in front of the owner and agent.

or pass the paper…[Read more]

I had asked the same question, i think its in about page 3 right now, read through that.

but you have already said the agent what you max limit is indirectly.

but them asking 270 means nothing. check other property in the suburb or region to give you an idea, even if you are not interested in them

then decide whats the property worth…[Read more]

That did come to my and brother in law mind, to tell him do a private deal, as we live a block away.. but someone, I could not say that time. also bcoz I am new to this. my First Home or purchase…

i keep an eye on for tomm open house, for half an hour. will check from far, how many go. and then go for my second inspection tomorrow and…[Read more]

Thanks, will follow that and keep everyone posted..

all i can say is, that first time its hectic process…

InvestHut

Thanks for that, I will do the same.

What conditions one normally includes in this written offer.

I am thinking saying quick settlement (4-5 weeks), given Bank Valuation and what else should I include.

InvestHut

Thanks, I am thinking of saying 4 weeks, the building is less than 5 years old. but valuation and also my pre approval in tentative.

As they need my full personal tax return, for last 2 years bcoz I am IT contractor. I had send them only Tax Assessment for last 2 years, so getting that document from ATO will also take 3-4…[Read more]

thanks for advice, i feel a bit more confident now. I will offer around 230 k, 1-2 k less or more.

With settlement, we had went to open house and owner was only there. real estate did not turn up as his brother was sick. thats where we got the info, owners family already overseas and he wants to move.

4 weeks will suit the seller i…[Read more]

thanks, I am thinking of doing same, new to this as you can see
spoke to agent, he said that I can…[Read more]