[investhutMember@investhutJoin Date: 2007Post Count: 73]

January 25, 2007 - 12:47 am

Hi Sanjiv,

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 days…

Agent said Strata of 439.15 PQ
Council 162.99 ( he was not sure, but guess PQ)
Water 112.00

He is still more keen on getting a verbal offer first, rather than written on, so guess will say him 230 and see his resposne…

what u plp say? or type something up

InvestHut

[investhutMember@investhutJoin Date: 2007Post Count: 73]

January 24, 2007 - 9:09 am

Hellow Plpp,

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 think, worst option if my current morgage rejects, then 4 weeks gives me some time to apply somewhere else and get settled with them also.
any lesser timeframe i think I will be rushing…

other than time, is there any other think that seller might be interested and perhaps I can offer.

thanks again, will update soon.

InvestHut

[investhutMember@investhutJoin Date: 2007Post Count: 73]

January 24, 2007 - 7:26 am

Originally posted by Hutch:

Dont worry about egos. Offer $230k with a settlement date on your terms. If he is staying back purely to get rid of this property, then clearly you are in the box seat, NOT the Vendor or Agent!
go for it….[biggrin]

thanks, I am thinking of doing same, new to this as you can see
spoke to agent, he said that I can just give him a verbal offer and will take it from there. I asked my cousin, who just bought one property. he was douthfull about this verbal offer.

should I ask him to give me a form and put it in writing? normally settlement date is 8 weeks from my reading. should i offer 4 weeks or is that too soon to organise things.

ps: i have applied for home loan.

InstallHut