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bc
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October 13, 2003 - 1:27 am
I also just remembered, a 2 bedroom unit in an outstanding part part of town (just around the corner from me[] ) for sale for $99000 which is on the net.
So this can be an assignment for you, find it!
BC
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October 13, 2003 - 1:07 am
I just found one for $92500 about 2.5 hrs from sydney on my first go since reading your post so my advice would be to look at realestate.com.au
BTW 197 other people have also ‘looked’ at this property which makes me think that your search techniques may need improving. Try doing a search on this forum to find other searching resources.
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October 10, 2003 - 9:55 am
>Hard to raise that sum of cash when you are eating porridge!
He might have to think outside the cell []
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October 10, 2003 - 8:05 am
How did your sale go?
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September 23, 2003 - 11:54 pm
>So what do people think for us? Should we sell off all we can and jump in asap, or put it off?
It seems to me that house prices wont actually ‘fall’ a significant amount if any, they will just be harder to sell and agents will not be fielding ‘hundreds’ of calls every day from desperate investors.
So for what its worth I would advise you to buy as soon as you are able, simply because the sooner you buy it the sooner you start to own it and build further equity and credibility with lending institutions.
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September 23, 2003 - 10:06 pm
Just thought I might add a postsript to this particular thread.
http://cobar.yourguide.com.au/detail.asp?class=news&subclass=local&story_id=255245&category=General+News&m=9&y=2003
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September 23, 2003 - 9:37 pm
In my opinion this person got what she asked for, how can you manage a property in Adelaide from Darwin? all to save about 8% in management fees.
Hard but fair.
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September 23, 2003 - 7:04 am
They choose the job []
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September 23, 2003 - 5:00 am
I might have been a bit hard on the agent, there are numerous reasons why they have not got back to you, at least if you ring you can find out what is going on. []
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September 23, 2003 - 4:48 am
I think this is sign of the times, agents have got it too good at the moment. Not too long now and they will have to work for their money again.
In answer to your question ring them NOW, there is a difference between seeming keen and getting on with your (investing) life.
BTW did you put a time limit on your counter offer [?]
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September 22, 2003 - 11:14 pm
It wont take long to show anything around here []
Wasnt this crowd talked about a few weeks ago, and it appeared to have dodgey principles running it[?]
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September 21, 2003 - 12:44 am
>>I’m not sure about gangs, but the one i’m looking at tomorrow is right next door to a Police station. So i hope this is a positive.
I hope the disgruntled drunk doesnt mistake your place for the Police Station if he decides to fire bomb it. Dont forget insurance []
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September 21, 2003 - 12:37 am
There is thinking outside square and there is unethical, personally I would put this in the latter catergory.
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September 21, 2003 - 12:18 am
>>be rest assured that the capital growth of your new investment property will be way ahead of where it would have been..
Yes but for how long[?]
In my opinion, this capital growth is ‘false’, it could be similar to talking up a company’s share price and then dumping them. I sure you would agree this helps no-one, except the first seller.
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September 19, 2003 - 7:12 am
>and there are many properties in the $50-80k range
Not any more, I hear the back being torn of the SOLD stickers from here []
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September 18, 2003 - 10:22 pm
Arty2003, I think you will find that you only need the 5K to open the account, you can withdraw it the next day , I couldnt find any where that you had to maintain a balance of 5K. Check further if your interested.
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September 17, 2003 - 4:02 am
allidan, I am in the middle of one at the moment, I have a solictors letter confirming exchange and settlements dates etc etc and there is a paragraph in this letter stating;
‘Please note that you are responsible for taking out all relevant insurances in respect of the property as from the date of settlement or the date of possession if possession is taken prior to settlement’
I am in NSW and I know my solicitor wouldnt give me a bum steer so, what do you make of this?
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September 16, 2003 - 9:49 pm
Fullout, in NSW from exchange of contracts.
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September 16, 2003 - 9:41 pm
>>goodluck in getting anyone to answer you I have been trying to find cashflow areas for a whhikle already and the best answer I get is keep trying.
Sabwal, could you image what would happen if someone gave specific (even general) information on where to buy.[]
The posters on this forum will give excellant general advice as you can see. I think asking for a free ride is a bit rich.
Hard but fair.
BTW keep trying[]
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September 15, 2003 - 9:33 pm
This is a bit of a crusade of mine, I cannot comprehend that someone would even consider buying a property site unseen, or for that matter from a picture off the internet, (see Sooshies comments re; airbrushing pictures).
If you dont have the means or the time to get to the place in question, find it, IF you are serious. This is not what you wanted to hear but its better in the long run if you hear it now.
To give an example, I travelled a considerable distance with a car load of screaming kids on Saturday just to watch an auction, this enabled me to judge the amount of interest in the town and get a better feel for a place that I have only ever passed thru, but have indentified as a definite possibility.
While I was looking over the fence of an unoccupied house that was for sale, a local come up and said “are you going to buy this place” I said “I am just having a look, but it looks OK”
the local said ” the lady is trying to sell it, because she bought a house further down the road, she just couldnt stand the problems and harressment anymore” I said “ah” the local said “the school kids at the back constantly throw their rubbish over the back fence and insult the lady when she complains, the kids made her life hell” I said “oh” the local then said “the other two neighbours are also going to sell due to similar problems” I said “thanks” the local said ” I wouldnt like anyone to get caught without knowing” with that she continued on her way. I didnt get the impression she had and axe to grind.
Now this houses’ presentation was great, freshly painted, tidy lawn and garden, fantasic location, short walk to main street, clubs, childcare and schools (backs onto high school). The price, though not ridiculously cheap, easily made it worth buying.
How glad am I that I took the time, effort and expense to find that particular place, was a potential lemon as it appears the scool kids have made it their mission to cause as much grief as possible to the inhabitants, this place has got a reputation.
Do you think that the agent would be forthcoming coming with this bit of ‘trivia’?
I am sure there will be a hundred other examples of people who have done it successfully and who will live happily ever after, but is the risk worth it? I my humble opinion no.
BTW this was not the auction property it was one I found while driving around and then checked in the agents window.
BC