Forum Replies Created
Sooooooo is the $195 is for both units???? Seemed a simple enough question….
Originally posted by kram:Dudes, Listen.
We’ve been playing the game since the mid 90’s and have a 3.5 mil portfolio and net worth of about 1.6mil.
Certainly not big players but for humble peasants it’s been a no brainer.
All you gotta do is do it.
You can’t catch a wave sitting on the beach!
Blessings
MARK[Thank you for making my point EXACTLY-you have only been in the property game since the mid 90’s, so all you have known is increasing property prices, therefore dont you think your opinion, or ‘educated wish’ that cap gains will continue @ 6% is a little biased, or even niave?
Not trying to be a doomsdayer-hell I even just bought another townhouse in Kensington, but I am also rational enough to be prepared for a turn in the market and am not so niave to think property prices will just keep going up forever….
Originally posted by L.A Aussie:
This is a fine-able offense these days. If you feel like it; report the auctioneer and the agency to Neil Jenman (send him an email via his site) and he will deal with them. He loves this sort of stuff.Cheers,
Marc.How so? What is the acceptable + price? Its been asked here before and the general concenses was around 10% by memory? That would make it around the $310k mark-I knew this was to low though and was expecting it to go for between $330-350k. I dont think ANYONE expected it to go for $395k-there was nothing special about it, I think the buyer just had a brain freeze-I think he got ripped off because getting towards the $400k mark you are starting to look at victorian style cottages, not a 2 bed, one bath 20 year old town house as was the one he ended up buying….
Originally posted by dacium:How close is it to auction? If it is within a month then the seller usually has to go through with it no matter what now.
Never heard of this before? I myself bought a house just a couple of weeks ago 4 days prior to auction!!! What are you basing this comment on?
From my experience the reason they dont accept any offers is because they most likey have a fair deal of interest and are confident it will reach top dollar by going to auction. A month ago I attended an auction that was listed as $280+, I offered $320 and was told no offers, got to auction day and it went for $395k!!!!
Originally posted by dacium:That market ‘crash’ was a joke. Seriously after that ‘crash’ most of us are still in profit from november. And alot of mine were already pulled out and going short. ‘corrections’ only happen in stock markets because there is pack mentality in that when it stards to decline, everyone wants profit and sells, pushing the price lower. When it starts climbing again, everyone wants in, pushing the price higher. Most markets are still in massive profit for this finanical year.
You seriously think there is no such things as a correction in Real Estate?? BWHAHAHAHAHAH you realise there was a world prior to the last 10 or so years!!!! SO many people base ‘fact’ based on the narrow view of what has happened recently. What do you think would/could happen if interest rates rose to a place where people felt they had better sell, all of a sudden there is an influx of property into the market but not many buyers, prices start to come down as people become more nervouse about cutting their losses and getting out while they can the prices drop even more….gee kinda like the stock market eh? I only have this opinion because I have read history and spoken to those who have lived through the DOWNS as well as the ups…
Originally posted by boon69:hhmmmmmm ok thanks for that, I guess one positive thing in the light is that the they will not be complete for 2 years, which will give them time to rise in value – that is if the initial value is a fair price in terms of real time value
Or fall in value-things dont always go up mate……Its sounds like you are trying to convince yourself and us-just do the sums, do the research and then make the call[thumbsupanim]
Originally posted by boon69:Thanks for your reply Marc,
One thing I did like was the fact that the ‘salesmen’ was going to buy a couple of these apartments himself ( as I found out when I approached him after the seminar).
Of course he is lol, can someone say ‘GULLABLE’ ? [whistle] Sooo has he bought them already? Has he shown you the signed contract? C’mon mate thats the oldest line in the book!!!!!
This annoys me to no end and should be made illegal!!! Good trick of making people attached to the property because they think they can afford it, lots of people turn up thinking the same and what do you know a nice little bidding war begins. Best trick I have now learnt is to just work out for yourself what you think its worth and what it will sell for and take it from there-like others have said its quite common for places advertising $300+ to go upwards of $370k[grrr]
I couldntt hink of a worse place in Victoria-my god I feel scared everytime I have been there, take a walk through the shopping centre and you will see what I mean, definately the arse end of Victoria!!! Gunna take a looooooong time to turn that joint around. Frankston has quite a few things going for it which explains the increase in value, the only thing Dandy has going for it is cheap drugs, bogans and crims….IMHO……
I wouldnt say I have an emotional attachment but I think if I can get it for the price I want then it will definately be worth it-Ive done my research and IMHO it will probably go for $330-340, maybe even 350, its hard to tell the general feeling but I suppose i just need to work out my cut off. The reason for asking was o.k if they generally expect 10% more then am I paying to much at anything over $320k. And why dont they just put $320+ on the ad, Im sick of seeing in the paper auctions listed as say $300+ and then reading passed in at $350…just wastes everyones time[angry2]
Any chance of some examples of this in Melbourne just so I know what to look out for etc?
lol so true, them and used car salesman[biggrin] I will never get ovet the time as a young fella I was looking to buy a used Ford Falcon that when started up was only running on about 4 of its 6 cylinders-the salesmans reply was a classic ‘yeah thats normal, these new cars have built in technology that shuts down cylinders when at low revs to save fuel’ witha completley straight face!!![blink] I kid you not [hmm]
Thanks for the reply-it just struck me as false advertising. I would compare it to me putting an ad for my car in the paper/net with 2 year old photos when it was all shiny and new and getting a lot of people to come look to see it is now dull, scratched and dinged up. IMHO this should be illegal, and at he least highly un ethical…?
Can someone please explain to the much spouted belief that its the land that goes up in value? Find this hard to understand as if this were the case every second place would be being knocked down to build a new house etc on the ‘land’. I would have thought its the whole package that goes up-just look at the inner city victorian style shoe boxs that have gone up a bazzillion percent-they cant be knocked down but they sure as hell have gone up in value…..
Sunshine I wouldnt touch with a 10 foot pole-still a long long long way to go before that becomes anything. Dont know about Mitcham but Maidstone and West Footscray would be good buys-but dont expect anything to cheap-the prices have already gone up in these areas [angry2]
Thanks for the reply Beck, alot of them cant really be ‘fixed’-they are either in dingy little old appartments or have such limited parking that they arnt practical. AH well I suppose just have to play the wait and see game…
Thanks, its just I thought it would be a pretty clear cut thing-I figured since I havent even put a holding deposit down or signed anything that I should be able to easily walk away?
Cmon guys please I would really appreciate some assistance here?
Went for a drive to Sanctury Lake the other night and noticed there was TONS of houses for sale??? WHat on earth is with that?
Dont treat customers like idiots-looked at a place on the weekend, was initially told they were to notify the vendors of all offers with a 3 in front, went and had a look, the <edited> agent then tells me ‘we have had lots of interest in the mid to high threes, around $380k should see you get it’ So I send an email to the agent saying sorry but thats alot more than we think its worth-next thing the dick that took us through rings up and says ‘although we have had a lot of interest in offers in the high 3’s the highest standing offer at the moment is $330k, if you can offer $335 I think we could get you across the line'[blink] Im thinking what type of an idiot does he take me for? What happend to all the ‘interest’ int the high 3’s, and how do they gauge this apparent interest, do people walk in and go ‘gee I if I was going to put in an offer I think it would be about $380k’ lol
With that I politely told him thanks but no thanks and made a mental note to keep clear of these jokers if I ever need to sell
