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Thanks for your input guys.
Michael, are you from Werribee? Just wondering why you think it's not worth 270,000. Every other unit in the complex is selling for the same. By the way. It is a fantastic unit.
James, So if I'm leaving 54,000 of my money in the deal, you say it's not a good deal for me, yeah? So that would mean it's a good deal for the person buying it, right? That sounds great. That's exactly what I want. If it's a good deal for someone else, it should sell pretty quickly then. I'm very desperate to sell.
You asked how long i expect someone to pay off the 54,000. Well, i was thinking they could just pay me bank interest on the 54,000 and that i might be able to put in the paperwork that after 5 years, they pay me back whatever is left, if they haven't already done it earlier. That way in 5 years, the value has gone way up, they could just go refinance and pay me out the 54,000 i left behind.
I reckon this might just work.
Thanks for your reply propertypower.
I figure if I make it easy for someone to buy by not needing a deposit, it should sell pretty quickly which is what i want to see happen.
If they have saved up something as a deposit, well, they can go buy new furniture or a car or something. Or i figure an investor can add to their portfolio without outlaying any cash which has got to be appealing for them.I might throw an ad in the paper and see how something like this goes. I think it's a great deal for someone, so hopefully it gets snapped up real quick.
