I am wondering how much properties are increased above market when they are remarketed in a wrap. What is the average payment range that the buyer is expected to pay when the buy a property this way? Do they have to pay any other costs when they buy the property?
Hi
I am going to give you the slack answer just now, which is that I suggest you read through the archived forum for Wraps as you will get a lot of detailed information pertaining to the information that you are looking for.
Cheers
Leigh K[biggrin]Im new to wraps any idea as to where to start looking?
haz_obst
Can very, but generally the following:
1. 10-20% margin on market price of the property
2. 1-2% interest margin
3. as for repayments, it varies from area to area. i.e. market price on properties. I’m completing one at the moment where the repayments are $225 per week and the market price of the property is $115k.As Leigh suggested have a read through the past postings….there’s a wealth of knowledge to be obtained from it.
Cheers [cap]
Oscar
Thanks Oscar
How much did you put down when you bought the property and how much deposit are you expecting to receive?HO rough guide,
We put up 20% and recieve FHOG plus a couple of grand to make them show they are keenWallFlower
What type of wrap turnover are you doing in one year? I take it you are in a state other than Queensland.Just starting out mate, started in May, up to our Fifth, which was our goal for this year.The big fish are probably doing 20-30 a year
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