Forum Replies Created
I am actually going to go about letter dropping in the next couple of weeks myself in the area and streets that I like. It will also be for my PPOR and I will also be looking for the ‘ugly duckling’ one so that the price is more in my range. I rather enjoy renovating my home to my own taste anyway.
I don’t have any advice on this but good luck in your search I’m sure you’ll get lucky. I’m hoping I will too!
Thanks for your reply jhopper.
I ended up just keeping it pretty basic with just my details,
property details, offer amount and then I just put down ‘subject to’ finance through X lender and then ended it with the offer expiry date and date/signature.My lender said that the REA would specify how much deposit they needed. So I just went with that.
Now I just wait to see if it will be accepted.
Thanks again.
Can someone please reply quickly (except knowitall) as I need to fax it off this morning.
Knowitall,
People are on here to get some genuine help and be helpful in return. Not to receive useless comments that are ‘trying’ to get a reaction like a TROLL usually does. If you are trying to be a comedian I suggest you look into some courses because you lack that ‘funny’ personality!
Guess I should just forget about this one and hope the market rates bring the price down.
Maybe leave it until next friday and see if the ‘lucky’ agent managed to get his price.
Thanks for your suggestion
I don’t know what to take of this agent.
I talked to my friend about ringing the agent and she said she would go in and ask for a document to write a written offer.
She gets there asks if the property is under contract and was rudely spoken to. The agent didn’t want to speak to her and some one else said it wasn’t and she asked if she could speak to the agent as he knew the details about this. So he came out and said “know it is not under a contract and what offer did I want to give this time?” My friend said $68,000 and he flat out said angrily “nope, nope we have had a few other people give $66,000 and $69,000 and now the seller will not take anything under $75,000 now.”
(keeping in mind the seller accepted $73,000 last week but the finance fell through for the other party).When my friend asked for the document Form 1 so she could fax it to me so I could fax it back with an offer, he said “no, all she needs to do is fax us a written offer on a plain piece of paper and that’s it”
My friend said he sounded and acted very arrogant and he said the property will most likely be under contract today.
What do you all make of this? Do you think he does not like the fact that she is being my mediator? Or is he angry because he is fed up ‘his’ price is not met?
It is not worth what he wants even if the area is sort after and the other maisonettes are asking $90,000 plus some even have an asking price of $130+ ( doubt they are selling for that though), they cannot be compared with this one as they are all nicely renovated with window shutters, carports with roller doors, new aluminium windows, landscaped gardens, verandah and quality fittings inside like renovated bathrooms etc, and this one has never been renovated except for the carport.
Do you think it would be right to post a letter to the owner (I have his address) and ask him is he willing to negotiate in return for a quick settlement providing everything goes well with my lenders own valuation?
Any ideas? Shall I just wait until over the weekend?
At this stage I don’t know whether to believe this agent. Considering he was polite at first and said ‘open to all offers’ and now only one price $75,000 and that’s final!
I know there may be other homes in the future but unlikely ones that are not renovated because I don’t want a renovated one because then that would be way over my budget.
Thanks
Thanks for the reply.
I will be staying with friends and will rent until I can find a house to buy.
The other houses for sale are marked up higher say $20,000 and have roller doors, window shutters, sheds etc.
There are no other properties in my price affordability.
I have no clue who should be my conveyancer? I think I will ring my lender now and get some help and then I will ring the real estate.
Thanks again.
who knows I might have been too late.
Thanks for that.
Thanks Don and Liz.
So since there have been a few days since the first offer this is what I should do? Do you think?
1. Ring up ask if property still on the market.
2. If on market – explain that my friend introduced me to the property and had made a first offer which was declined.
Could I ask if vendor willing to negotiate a lower price? Maybe ask the agent to phone the vendor to ‘see’ if willing to negotiate a deal since I am pre approved and flexible with settlement date? That I only need a valuation to satisfy the lender. Should I also state subject to FHOG approved (lender has put this on my pre approved letter).3. Explain after some further research I am serious about buying this property and want to put in a formal written of offer some time today.
4. Get agent to fax me a copy of the form 1 to my local post office. (I don’t have a fax) Or get my friend to pick one up and fax it for me?
5. Do I need to get a conveyancer first to view form? How would I do this as I’d need to use a SA conveyancer?
6. How many days for this offer to lapse, maybe 7days or less?
7. Anything else I should know beforehand?
I really appreciate all the help that has been given this is a very helpful forum.
Thanks
Thanks for your replies!
What exactly is a pro forma? I have looked on the net but didn’t find much.
So do any of you think I should just do the negotiations myself through the phone and fax?
Should I just ring up the agent myself ask if the property still on the market and I’d like to make a written offer?
What if the agent says the vendor will only take $xxx amount but that is too high a price for me? How do I really know that this is really the true minimum price that the vendor will take and not just the offer the agent wants?
Can I still put in an offer that is not too low but seems reasonable like a couple of grand lower?I just feel that after the agent said to my friend that the vendor is open to offers because he wants to get rid of the property because he has recently bought another and now he is saying no only $xxx it seems like he is baiting me to up the price. He never said he would produce the offer to the vendor. Basically my friend viewed the place at 5pm and said to the agent that she will email me the photos of the place so I can view the property and get back with an offer, which was made over the phone at about 7.30pm the same day.
I think maybe it had to do with ringing at night and looking like we are ‘desperate’ or really keen. That is why I have waited a few days hoping the agent would ring back and try to negotiate a better deal.
Any other advice how to go about my next step of offering a better offer?
Also, if I find that someone has put in an offer and it’s lower then what he told us can I put in an offer a bit higher?
Thanks
I’d agree on neutral colours too and very light colours that accentuate like pastel colours that doesn’t overpower. If you are painting make sure you use washable paint as I am currently renting myself and the cheapo paint that they have used is ridiculous. I would say they have used the cheap ‘flat plastic’ paint that does not wash off. Not a good option! No matter how careful we are it marks.
The same would apply if you are getting new carpets, make sure it is stain resistant. Wool carpets do not go well with spilt anything even with throw rugs. Or even better only use it in needed places like bedrooms etc.
Good luck!
Thanks for your reply!
Yes I will only put a written offer in this time.
Do you know if you can put in a written offer if there is a contract on it that has not been finalised yet?How would I give a cheque if I am interstate? Is the cheque refunded if the vendor rejects the offer and how do you know he won’t cash it in?
