Hi all
I need some advice as to my next step. Found a 3BR weather board house on about 800sq.m land with a 12 x 9 m shed at the back. Both the house and the shed are fenced off, very strong steelfences, with side separate entrance to the shed. Shed can be replaced with another 3 to4 bed room house.
House is next door(literally) to a supermarket, across the road from thehospital, rewired, new plumbing, carpets and paint. Only thing that needs to be done is shower screen and shelving in the pantry.
Asking price – $209,000
Offered – $185,000
Counteroffer received $197,000
Now it is our turn. What do we do. I am thinking following their strategy, I should offer 189K and they will come to 193K and I will accept it provided they put in new shower recess and shelving. Is this ok? Rental return with uni students and renting the shed will make the property +CF
I need advice from veterans on this forum please and soon.
REgards
Padma[comp]What rent do you expect to get, less rates,insurance + maintenance.
That should help you decide how much higher to go
What if they are reading this forum?
I think it depends on how much the property is in demand, you could start reducing your offer to $184,000 and see what they say.
Terryw
Discover Home Loans
Mortgage Broker
North Sydney
Click below to email meTerryw | 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
Most sensible thing I have heard you say Terry. I would also reduce my offer!
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The poster formally known as The Mortgage Adviser
When I grow up, I want to be a Storm Trooper!
How will you go about renting out the shed? Is there a high demand for shed/workshop space in the area?
Cheers,
Linden
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