Stuck in a sandwich

Viewing 6 posts - 1 through 6 (of 6 total)

CanberraClaire
Participant
@canberraclaire
Join Date: 2005
Post Count: 47
March 31, 2008 - 11:31 am
Advice needed!
I've found a seller who is happy to lease option their house, and I've stepped in to set it up for him.
Early days yet, so I'm getting the option fee and walking away with some experience.
Only problem is, I'm having trouble finding a buyer [ARGH!]
Lots of phone calls from a classified ad over 2 weeks, and calls from a street sign out the front, but no one wants to put their name to it. I've had it open twice and only 5 people showed in total.
What am I doing wrong? The house looks good, I think it's priced ok at $530k when it's now worth $500k on a 2yr option. weekly rent is $550 with 50% credited back. sounds like a great deal to me – am I wrong???
CanberraClaire | Capital Buyers Agency
http://www.capitalbuyersagency.com.au
Email Me | Phone Me
Exclusively for property buyers
Terryw
Participant
@terryw
Join Date: 2001
Post Count: 16,213
April 1, 2008 - 12:08 pm
Sounds alright. Where is the house and what is the option fee requested?
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email Me
Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
CanberraClaire
Participant
@canberraclaire
Join Date: 2005
Post Count: 47
April 2, 2008 - 2:29 am
In Canberra, and the option fee is $5000.
CanberraClaire | Capital Buyers Agency
http://www.capitalbuyersagency.com.au
Email Me | Phone Me
Exclusively for property buyers
Terryw
Participant
@terryw
Join Date: 2001
Post Count: 16,213
April 2, 2008 - 4:53 am
I have just passed a link of this page to a client of mine in Canberra who is looking for a place
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email Me
Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
CanberraClaire
Participant
@canberraclaire
Join Date: 2005
Post Count: 47
April 2, 2008 - 5:50 am
I look forward to hearing from him, he can always PM me if he wants to.
Thanks for the referral
CanberraClaire | Capital Buyers Agency
http://www.capitalbuyersagency.com.au
Email Me | Phone Me
Exclusively for property buyers
kmract
Member
@kmract
Join Date: 2003
Post Count: 1
April 3, 2008 - 12:18 am
pazza wrote:
I look forward to hearing from him, he can always PM me if he wants to.
Thanks for the referral
I sent you an email.