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  • Profile photo of buckeroonibuckerooni
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    @buckerooni
    Join Date: 2008
    Post Count: 5
    June 6, 2008 - 2:42 am

    I think burgulary stats are not a good measure of the socio-economic 'health' an area , rich people in nice homes have better stuff to steal! I would be more concerned about violence-related, juvenile crime etc which point to bigger problems within the community.

    Profile photo of buckeroonibuckerooni
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    @buckerooni
    Join Date: 2008
    Post Count: 5
    June 6, 2008 - 1:28 am

    thanks suavemechanic, hopefully next time I will have completed all the due diligence stuff to make an unconditional deposit – could have been the clincher in with the deposit I had. Apparently there were two other offers that were unconditional at the time (one had completed a building inspection – dunno about pest – it was an old weatherboard so I didn't want to assume it had been done) so I was not in a good position to compete.

    I get the feeling there will be people who've spent serious coin on newer flash properties only to see their property on the market  fall flat…

    Profile photo of buckeroonibuckerooni
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    @buckerooni
    Join Date: 2008
    Post Count: 5
    June 5, 2008 - 11:23 am

    thanks for the comments fellas, good stuff to keep in mind. As mentioned, the rush was because it was passed in at auction and they had purchased a new property that was settling soon.

    I pulled the pin on the offer and took it as a 'lesson learnt' – I'm getting a conveyencer and approval-in-principle for next time.

    Scott No Mates  – interested in what things you negotiated, are you able to elaborate on this?

    Profile photo of buckeroonibuckerooni
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    @buckerooni
    Join Date: 2008
    Post Count: 5
    June 4, 2008 - 11:02 pm

    thanks for the comments scamp, the property has already been passed in at auction, hence why they're now in a real hurry. I was going to offer 50K off the lower of the range (was advertised $390K+) and 30 days settlement. it's a 565sq meter in the inner west (VIC), ROW, ugly but plenty of potential. I think more than anything, the buyers have them by the balls :)

    Does this sound like a reasonable offer under the current conditions? As people point out, there's plenty more fish in the sea, but it guess you gotta have a crack when there's possibly a deal to be had.

    Feel free to tell me I'm a little out of my depth.

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