I am a first time homebuyer…need advice please!
I am looking at a few flats in Elizabeth Bay/Potts Point. Dont want to pay more than 310,000 for a one bedder.
Elizabeth Bay-I really liked it but feel is way overpriced as as similar, bigger (although not revonated) went for $260,000 (they're asking $340,000) Would it be rude to offer $280,000 and see what happens?
The real estate agent was going on and on about how its a sellers market and the other flat I mentioned was way undervalued and he sold one not as good as the one he is now selling for $330,000 the other week.
Felt like telling him-that is why you are one of the most untrusted professions for telling me garbage about it being a sellers market!
Gosh really not sure!Just put the offer (the price that you think reasonable) in writing to the real estate agent…
There are currently lots of 'potential' home buyers looking to purchase creating a 'mini' boom in sydney's market.
Wait till the end of this year…. you will probably see more distressed seller as unemployment rate is predicting to hit 10%
i.e. 1 in 10 will lose their job.I personally would stay away from this current market at least till July as it is a seller market. But you don't want to waste BOOST from gov.
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