Isn’t this property a little far off the 11 sec rule? Are you intending to put a fair amount of your own money in as a deposit? I am just wondering how everyone else seems to find cashflow positive deals.

I am interested too – [email protected]

Our tenants recently signed a 12 month lease. At that stage we had no intention of selling the property. About four months later we decided to sell but realised that we could only do so if the new owner will honour the remaining term on the 12 month lease – in other words, we had to sell the house with the tenants, hence cutting our market to…[Read more]

As far as I know, an exclusive listing means that the vendor is liable to pay the agent even if the agent is not the one who sells the property. So Judith is right, you may not get a better price. But for all other types of listings (ie other than exclusive), you may still get a better price.

Thanks Jason, you certainly have helped. Purchasing a property remotely is a different experience – first time for everything I guess.