Hi
I have been keeping my eye on a unit close to where I live and it came on the market at the price of $290,000 plus. The open day was today and it looks to be a good reno project at that price however the agent has now put it up to $339,950. Do you think it would be still ok for me to put an offer in at the lower price or will this be laughed at. I would not put an offer anything over the original price. What everyone’s thought on this price change?Cheers
JanineHi Janine,
I would make an offer at the lower price. It wouldn’t be laughed at, after all the agent wants to sell the property and any serious offer would be considered.You should only put an offer in for what you are comfortable paying. If that is the original offer, then by all means just submit an offer at that rate.
The worst they can do is say no? And I bet every successful property investor has had more offeres rejected than accepted, I know I certainly have (but I am definitely not successful!…yet)
Thanks for they replies
I was talking with my Brother in law
today, who told me that my ppr
(principle place of residence) was
exempt from the capital gains tax. Is
this a true fact?janinewool wrote:Hi
I have been keeping my eye on a unit close to where I live and it came on the market at the price of $290,000 plus. The open day was today and it looks to be a good reno project at that price however the agent has now put it up to $339,950. Do you think it would be still ok for me to put an offer in at the lower price or will this be laughed at. I would not put an offer anything over the original price. What everyone’s thought on this price change?Cheers
JanineHi Janine,
Never be shy to put in a lower offer. 9 out of 10 times the agent will make you feel bad but 1 out of 10 times you will win. The reason for the price rise is a little strange but it could be either the vendor changing their mind or the initial inspections have been positive and hence a higher asking price.
Shahin Afarin – Property Finance Consultant
http://elitepropertyfinance.wordpress.com/TheFinanceShop | Elite Property Finance
http://www.elitepropertyfinance.com
Email Me | Phone MeResidential and Commercial Brokerage
Hi Janine
The lower initial asking price was probably to generate interest – a dodgy tactic but one that's used sometimes.
I wouldn't worry too much about having your offer laughed at – put it forward and see how you go.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Thanks everyone. I think we might put an offer in over the next week or so. It has been on the market just over a month and is a deceased estate so who knows how quickly they want to sell. Anyway I will let you know if we do make an offer. Thanks for the advise.
Dorzy wrote:I was talking with my Brother in law
today, who told me that my ppr
(principle place of residence) was
exempt from the capital gains tax. Is
this a true fact?HI Dorzy,
Yes this is true, I was just reading about this myself online.
Cheersjaninewool wrote:Thanks everyone. I think we might put an offer in over the next week or so. It has been on the market just over a month and is a deceased estate so who knows how quickly they want to sell. Anyway I will let you know if we do make an offer. Thanks for the advise.Hi Janine,
If you need recent sales to back your offer – we do run free property reports. You are more than welcome to PM me the address of the property and I will email you the report.
Shahin Afarin – Property Finance Consultant
http://elitepropertyfinance.wordpress.com/TheFinanceShop | Elite Property Finance
http://www.elitepropertyfinance.com
Email Me | Phone MeResidential and Commercial Brokerage
Hi Dorzy and subbats
The statement is correct in the majority of situations but subject to certain occupancy requirements.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
janinewool wrote:Hi
I have been keeping my eye on a unit close to where I live and it came on the market at the price of $290,000 plus. The open day was today and it looks to be a good reno project at that price however the agent has now put it up to $339,950. Do you think it would be still ok for me to put an offer in at the lower price or will this be laughed at. I would not put an offer anything over the original price. What everyone’s thought on this price change?Cheers
JanineJanine,
I would come to the RE office, asked for salesmen. Looked in his eye and asked cause of the price change. Watch his body language, hands, eyes, voice. Forget the face, good one’s learned to manipulate that.
Compare the answer to what you see. Based on that make your judgement and adjust strategy.
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