Hi Everyone,

Thank you for all your wonderful words of wisdom that I will defintely take on board. Yesterday someone wanted the property deperately & they offered the asking price which we accepted. Fingers crossed his finances hold up to conclude the sale. This price is a new benchmark for the complex.

Cheers, [biggrin]
Teedee

Hi Crusher,

Thank you for your ideas, but I think we are maxed out in the lending department at the moment. We have another investment property that has gone down in value in St Kilda, so are hoping for that to return to a higher valuation. We would lose too much if we sold that one.

Thanks again, [evo]
Teedee

Hi Kate,

Thank you for your recommendation on a solicitor. If we are not committed already with someone else, I will definitely use Tim. I knew I should of come on this forum earlier.

Thanks again,

Teedee

Thank you all for replying to my query.

Yes, this property is on Creek Road, & has been a great property purchased thru the Investors Club. I think it has only been vacant 3 weeks in all the years we’ve owned it. But unfortunately we need some cash flow. The purchaser offering this bid is going to move into the property. As for price, we don’t…[Read more]

We did do a counter offer of $262, but they won’t budge. They have said the offer is on the table for 5 days.