Hi to all those experience negotiators!!
We are interested in purchasing a unit in a new complex through an agent. The building is finished and of the 82 units/apartments, only 3 show sold. I know from experience that when we has asked agents in the past regarding pricing for off-the-plan units, we have been told that you cannot negotiate (am I naive?)can anyone advise that they have had success in negotiating for a new property in a unit complex. The complex is based at West Ryde.Looking forward to your responses!!
Still learning![ponder]
You can always negotiate – especially in this market where so few have been sold!
If the Agent wont allow it – speak to his licensee or the developer direct.
Of course the developer may well say no – but yopu are still allowed to make your offer!
All the best,
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Originally posted by peter068:Hi to all those experience negotiators!!
We are interested in purchasing a unit in a new complex through an agent. The building is finished and of the 82 units/apartments, only 3 show sold. I know from experience that when we has asked agents in the past regarding pricing for off-the-plan units, we have been told that you cannot negotiate (am I naive?)can anyone advise that they have had success in negotiating for a new property in a unit complex. The complex is based at West Ryde.Looking forward to your responses!!
Still learning![ponder]
One of the quetsions I would ask myself is why are only 3 sold.
I would ahve expected a better reult.
Even if you negotaite hard now, will the builder be desparate in 6 months time and slash the prices devaluing your unit?
Also do you really wnat to buy in such a large project? It’s hard to create scarcity in such a complex and that’s hwat gives you increasing rentals and values.
Don’t jump in – look at this deal very very carefully. I gear some warning bells
Michael Yardney
METROPOLE PROPERTIES
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FREE subscription http://www.metropole.com.auMany thanks for your helpful comments. I went & checked out the complex today but currently the 2 b/room units are listed at $465T and yes they will are now open for negotiations, but with a rent return of only $360/week, we can’t see ourselves buying into Sydney market for investing. Mind you, I’ll take your advice and now that I have looked, and if the units are still for sale in a few months…. your never know! although I doubt if they would drop the price to around $400T if I don’t ask …. I’ll never know!!
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