Forum Replies Created
We have used EBM insurance and can say from experience that they came up trumps, beware banks insurance, too many get out clauses.
Dear oh dear!
What a hard life u have. Yes I am a baby boomer and rich as well. I was born in England into a very poor family, left school at 15, my parents needed the extra income.
Bought my first place at 18 which was a complete dump, worked hard on that, sold it for a profit and did the same 4 or 5 times.
We didnt have the time or money to sit around wallowing in self pity!I assume your parents helped u thru uni, u should be grateful that u had the chance, I didnt. But I made sure my kids did.
For 16 years I worked building up a business 7 days a week for 10 – 12 hours a day.Get off your lazy arse and dont be so bloody selfish.
Make do with a small run down unit to start with and go from there.
Alternatively get bombed, smashed and reap the results.
Thanks for the sympathy
I am also an investor and of course I too am always looking for a bargain.
My main objection to the original writer is that as usual the poor old agent is always to blame.
If u want to get a good deal, I will give u a few pointers.
Dont treat agents as the enemy, give them some respect.
Do your homework, ie know what is value in the area, pay for some research on rpdata, that way u find out what properties in the area have sold for, not just asking prices.
Sort out your finance before you look for a property, get pre approval in writing.
DO give the agent a price range otherwise u are seen as a time waster, u can always ask them for a list of current properties available.
Register your requirements with a number of different agents, and dont make the mistake of asking one to find a property for u via a conjunction with another agent.
Again if there are two offers on the table for the same property, the agent is likeley to recommend their own offer rather than a conjunctional as no 1 they will get the full comission and no2 the vendor has appointed u because they wish to deal with u rather than jo bloggs real estate.
We do of course offer conjunctions but very often the out of town agent does not follow through the sale properly and I can recall several nightmare scenarios one of which involved a townee agent requesting a termite test on the whole block including the fencing posts which were steel! Both the purchaser and vendor get very stressed for nothing.
If you are looking for value, u have to be detatched and accept that u will probably not be succesfull on a number of occasions. And dont get bitter and blame the agent PLEASE.
Best scenario is to have a line of credit and be in the position to make a cash offer, also dont start adding pedantic clauses which will just piss off the vendor.
My advice is to go in at a realistic price, if it is a stupid offer you will insult the vendor and get nowhere.
Be as flexible as possible on settlement dates, offer to rent back to the vendor if they have not yet found a suitable property, but not at an inflated rent.
Alternatively offer a longer settlement ie on or before a certain date say 2-6 months by mutual agreement, this way in a hot market as in Perth u are securing the property at todays price, and giving the vendor a breathing space to look at their leisure.
We purchased a property last year and offered the vendors full asking price cash, via a line of credit, but got them to repaint internally and polish the floorboards, therefore the settlement was longer to allow time for the work to be done, and by settlement the property was worth substantially more.
Basically try to cooperate with the agent and dont try to score points
If all else fails I live by the adage of fairness, and remember what goes around comes around.AMEN
Remember the old saying, treat others as u would like to be treated!
Have you any idea how difficult being an agent is?
Why do u think 95% of agents only stick the job for under a year.
Apart from the unsocial ours, inconsiderate purchasers ringing at all hours including 6am on Sundays, Dealing with vendors who want ridiculous high prices, purchasers who want something for nothing. I think the hardest thing to deal with is the hostility,YES I am an agent, honest, ethical, hardworking. I cried buckets in my first year. Mainly because of the hostility and attitude from clients, both vendors and purchasers.
YES I agree there are some real dodgy agents around, but please dont tar them all with the same brush.
I had to grow a really thick skin to deal with my emotions, every day people treat you as if u are the scum of the earth, and quite honestly the more aggressive they are, the less u are liukeley to help them.
I gave this matter a great deal of thought and concluded that buying and selling, naturally makes people very anxious.
So what do I do?
I remain calm and friendly and polite and quite often this is enough to reassure.
If I come across clients who are openly agressive for no good reason, I am just not going to go out of my way to help them[human nature isnt it?]
Please remember this, and perhaps give the agent a chance, BE NICE, and I can promise u that u will get a better result.
Remember the agent has to take instructions from the vendor and work in their best interests, after all they are paying the fees. If there are two or three offers on the table why wouldnt they accept the best offer in front of them. Remember people do change their minds so take what is in front of u, it is their call.
All this ducking and diving to try and get the property for slightly less is usually just an ego thing, and u risk losing a good buy, in the big scheme of things the amount involved is not worth worrying about.
If you are not willing to change your attitude I suggest u put your money where your mouth is and appoint your own buying agent, then you are in control.Good Luck
r40 zoning would give approx four x 250 sq mtr blocks, not 40 per acre, I think. Simply knock off th 0 from the 40 and divide by 1000. Very roughly.
Hi
I am actually an agent myself. So of course I am biased,BUT, I have also had several experiences of mishaps on private sales in a chain for example.
The first thing to remember is that an agent is a professional in their field. Selling a house can get very complicated, its not just a matter of putting an ad in and getting someone to agree to purchase.
An agent will negotiate the best price for u, a good agent has many contacts and can sift out the dreamers.
They will have full insurance to cover any deliberate or innocent misrepresentation, imagine in this present society if there was a disagreement or misunderstanding regarding the property, would u like to land up in court?
To most people their home is their biggest asset, dont risk underselling or giving yourself lots of unnecessary stress.
Dont be tempted to choose an agent based on the lowest commission. If they are desperate enough to cut their commission, they will want to put less effort in and probably pressure u int accepting a low price. Talk to locals and pick an agent with a good reputation and an office in a good location.
I presume u wouldnt choose a dentist or a doctor on price alone?
However its your call, I dont know what area u are in, but depending on the market, u have several options on how to price the property. Personally I find that a price range causes confusion to purchasers. Here in WA we are in a hot market and a lot of our properties are priced from $400,000 e.g. This ensures that we dont undersell.
What will u do if somebody wants to make an offer subject to sale do u understand how to word a 48 hr clause and how to activate it?
Well good luck, whichever way u decide to go
