More smoke less mirrors?

Although now is not the best time of year to be listing a property/development site (due to everyone having switched off their brains for Xmas), it may be worth considering calling in a few commercially minded estate agents (not necessarily the local reas but but those who are listing/selling new developments) with a view to sell the property with…[Read more]

I'll restate, the price that the owner paid has very little bearing on what they will accept – it is more important to know what everything else around it is selling for as well as the metrics for the current sale eg time on market which will have more concurrence to the current negotiation.

I cannot for the life of me work out why people believe that they will be in a better bargaining position if they know when the vendor purchased their property. It bears little relevance to today's market, the circumstances of their purchase, the extent of work which may have been undertaken or any windfall gains that they have made on the…[Read more]

Cheers Tim.

jcar, the advice provided to you is coming from other landlords. If we can't see the reasoning behind it and have pointed out some of the downsides/dangers…………..

jcar11457 wrote:
well, that's their problem as long as it does not affect me.cheers

Well, yes, it does affect you. You are knowingly aiding & abetting whatever scam your friend…[Read more]

if your lease says it is TBA then you cannot prove that you have a right to occupy the premises.If it is an agreement between friends, it has the opportunity to screw up a friendship.

possumpal wrote:
HiNot sure what state you are in but I' am 99% sure that in Victoria it is a 3 day cooling off period, and even if you get someone to sign a document to waive there cooling off period, it will be void.Thanks Tim

It is quite legal to waiver the cooling off period provided you have a S66W certificated signed by the purchaser's…[Read more]

Yes, how can you prove that you have a right to lease the house if it says TBA? You cannot agree to lease a premises if you cannot determine it's address – the owner may change theire mind and say you agreed to stay in the garage or in a flat in another suburb 200 km away.It will make no difference to the owner – it is a con. What is your rental…[Read more]

a little bit of preparation goes a long way – surely the Agent’s fees couldn’t be that much.

if you’re the vendor this is to your advantage. Has the purchaser offered a S66w or is the solicitor just pushing? Effectively, the purchaser will have completed their due diligence.

It does come down to what is an improvement and what is required maintenance. Maybe you have a house proud tenant who wants you to pick up your act so that they can maintain the place in the style that they are accustomed to.

take a step back. Are the comments valid? Would you expect those items to be fixed before you moved in if you were leasing the house? were you aware of the faults as it was your ppor?

look @ staff:# properties ratio
Quality & experience of staff
Time with company
Size of rent roll – bigger isn’t necessarily better
This is a job interview after all.

Other costs:
Inspections
Letting fee
Postage & statement costs
Discounting for 2nd + property
Advertising rates, locations etc

Location, infrastructure, employment……

Just start at one end of the phonebook & start ringing. Speak to the Principal.

Nup!

Do your numbers before you commit to a block of land.Lose one of the cars (unless it is a work vehicle).

Turn your PMs on

my main concern is for the wider property industry. No one else is spruiking it but if there is a better deal without exit fees 6 months away, why would you lock yourself in to a loan now? Just wait 6 months until the vendor is absolutely desperate & screw them then. Here comes that 20% correction.