[variableMember@variableJoin Date: 2005Post Count: 10]

June 8, 2005 - 11:30 pm

excellent news – this unit is seeming less like a dump with each post!

thanks for all your help guys

Kieran

—-
What we do in life, echoes into eternity

[variableMember@variableJoin Date: 2005Post Count: 10]

June 8, 2005 - 11:23 pm

I appreciate that, and i am the same

the problem with this system of “From $amount” is that there is no ceiling, you only ever know the lowest point.

i understand that it is there to help the vendor get the highest price, but what happened to figuring out the fair market value and then putting that as the asking price – if people see that it is a fair price, they will pay it

london properties rarely go for less than the asking price (even by a few thousand pounds) from what i have seen

—-
What we do in life, echoes into eternity

[variableMember@variableJoin Date: 2005Post Count: 10]

June 8, 2005 - 10:38 am

so let me make sure i got this right (i like to check things NUMEROUS times now)

the slab and the wall on the outside are considered common property (most likely)

i can stick the body corp with the bill of fixing the problem

BUT there is a possibility that it will come back as special levies??

if so, then i will probably wait till i am closer to selling

thanks for your help

Kieran

—-
What we do in life, echoes into eternity

[variableMember@variableJoin Date: 2005Post Count: 10]

June 8, 2005 - 7:34 am

lol, sorry

NSW

—-
What we do in life, echoes into eternity

[variableMember@variableJoin Date: 2005Post Count: 10]

June 8, 2005 - 5:57 am

Originally posted by babu88:

I have a few related questions to this topic.

When an ad listed the price as $500k plus. Does this mean the vendor wants minimum $500k and will not accept offers below this? If I make an offer in writing below $500K, is the selling agent obliged to present my offer to the vendor?

i hate these stupid new marketing ideas real estates pick up. when i bought my PPOR, the price was $550 plus – the vendor wanted $600 – i paid $585

i was told by one of the more decent REA’s in the area that when people think they want to spend 550, they actually want to spend closer to 600, so marking it at 550 plus, makes it look like it is in their price range

i despise the practice personally, but i suppose once you know about it, it isnt that bad

Kieran

—-
What we do in life, echoes into eternity

[variableMember@variableJoin Date: 2005Post Count: 10]

June 8, 2005 - 5:32 am

i am not sure i understand that question

the whole block is in a decent state, the unit itself inside i would rate as good, the balcony is usable, but a big negative if i wanted to sell – it has seperated from the wall by over an inch at the railing – but you can stand on it

Kieran

—-
What we do in life, echoes into eternity

[variableMember@variableJoin Date: 2005Post Count: 10]

June 8, 2005 - 5:14 am

Hi Simon,

thanks for the response!

I got the valuations from similar properties for sale in the area – i realise it is not the most precise way of doing it, but it would be close.

I am not expecting prices to get below what they are now for the unit. at today’s price, i suppose i would consider it – it isnt cf+ve but it has potential for CG.

i can’t see a way of ditching the unit and breaking even (even from the loans, not including repayments) so we can afford to hang onto it for now.

i am just not sure what we should with the lump sum of cash that we will be getting

thanks again

Kieran

—-
What we do in life, echoes into eternity