All Topics / Help Needed! / How much should I offer?

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  • Profile photo of ytv28ytv28
    Participant
    @ytv28
    Join Date: 2009
    Post Count: 9
    July 26, 2009 - 9:23 pm

    Hi,
    I am keen on one old weatherboard house of 3 bed rooms, near to amenities, asking for $270k through private sale, the site value is $200k, the capital improved value is $225k, level of value date 1/1/2008, effective date of valuation 1/7/2008– as shown in the Land Info Certificate dated 16 June 2009.

    Please advise me how to estimated the true market value for this house? The bottom line, how much should I offer to the vendor? and should I be the first one to offer OR should I wait for the other buyer to offer first if I am keen to purchase?Blank

    Thanks.

    Jack Happy

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    July 27, 2009 - 8:47 am

    Jack

    if you want to email me the full street address I will run of a residex report for you

    Richard Taylor | Australia's leading private lender

    Profile photo of BluegrassBluegrass
    Participant
    @bluegrass
    Join Date: 2009
    Post Count: 73
    July 27, 2009 - 10:19 am

    Hey Jack
    Can you replace the home on the land valued at $200k for $75k?
    Is the home habitable?
    How much do you want it after you know the answers to the two questions.
    Other answers to questions!
    Is it a rental property and if so how much can you get for it?
    What is the capital growth in what period?
    If it seems like a goo deal take the selling com. off the the price and the in's and out's.
    Bluegrass

    Profile photo of ytv28ytv28
    Participant
    @ytv28
    Join Date: 2009
    Post Count: 9
    July 27, 2009 - 1:38 pm

    Hi Bluegrass,

    Thanks for your comments and questions. The house is quite "Bad" and need a lots of reno, frankly speaking, I am not sure how much it will cost to make it appeal to the tenants?

    I think the best thing is to look for another property!

    Hi Richard,

    Thanks for your offer and will email you when I find the right property.

    Bye!

    Jack

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