Hi All, this is my first time so please be gentle.
I have recently come accross a property for sale in a coastal suburb in Sydney that has property either side worth almost land value only, though not for sale. The agent advised that the owner was negotiating for $520k. My question is, what sort of figure do I offer as an option to buy in 12 months that would secure the property while I organised a DA, and would the agent still be entitled to commission? This is of course providing I could secure at least 1 of the other properties.
I would appreciate any comment as my time may be short,
Regards LisaOptions fees are often 1 to 2% of value, but you can negotiate whatever you can. But the agent won’t be happy as Rob mentioned. Maybe you could promise to pay him extra now and then again on settlement.
Terryw
Discover Home Loans
North Sydney
[email protected]Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
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