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I am in Bayswater (Victoria), mail out can be organized.
I am open to offers.
just an update on the above situation.
My solicitor had told me that we are up for a loss of deposit and any costs if the property sold subsequently at a lesser price if we rescind on the sales contract.
i had submitted a revised offer of reducing the selling price by the cost of building access (road and bridge), the seller didn't agree with the revise.
After a lot of legal wrangling and just before settlement, the seller advised us that they had canceled the contract and sent us back our full deposit.
I heard they had received another offer.
so we are very relieved, as we feel that paying a good price on a property and being up for major access costs
wasn't going to be within our financial means.
the alternative of loosing a hefty deposit and being up for further potential compensation costs wasn't very palatable either.
I think country properties, if you are not familiar with them, can be very tricky.
we are going to sit tight now and not contemplate more property purchase for the next few months.
I have tried gumtree and contacted people who are looking for a property but find that only about one in ten people seem to respond to my emails.
those that do were a waste of time.
so advertising on gumtree has been a non-event.
tried also the QLD real estate agent for $60 (one month), also total waste of time and she didn't bother in putting any photos that I sent.
she only had one photo from the outside of the property.
i emailed her, requesting she add more of my photos and she didn't bother, so it was a waste of my money.
unfortunately it looks like the real estate agents still have the monopoly of the realestate site and domain I believe is expensive.
My solicitor has requested we seek a barristers' opinion, still waiting to hear from him.
thanks for advice.
Yes we are getting a legal opinion.
I have rung for quotes and the cost will be up to $50,000 of building a private access, which is probably the preferred option.
The vendor has purchased elsewhere, so may be open to compromise.
I think that given the non-disclosure, we paid too much and it will always be an issue, should a resale be required.
I will keep you posted.
well, maybe, we brought the property assuming access is in place.
there is about 150 m of road to build in addition to a culvert or bridge across a very wide and deep creek bed.
so cost will be significant.
thanks Paul, only looking at a one of at present.
So it will have to be a possible rent to buy.don't go for anything "managed", you are not in control and avoid student apartments at all costs.
having paid off our home loan quite some time ago, I used my home for a line of credit.
I find it an excellent product for it's flexibility and the ability to have wages and rent paid into it.Great idea, there are spruikers posting the same thing under multiple topics.
also, this section could be used by members selling CD's, books or second hand investment related products, even property they wish to sell.the land is usually leasehold but the lease is registered at the titles office.
At least that's the case with the cabin I own.
It's a 99 year lease and all legally set out.buy your own home with cash and use it later as a line of credit to buy other assets such as another property or shares.
The loan then becomes tax deductible.Depends on who owns the web site, I happen to believe that private sellers should be allowed to market/sell their own property
as well.
The web site remains the most widely accessed one by buyers, so yes, it keeps those wishing to sell privately out of it.
Therefore, it restricts our advertising options.
Unless of course, you find a licensed agent who can list you there, but allows you the freedom of a private sale.No experience of them, but My home is for sale, can list it on the realestate.com.au website
I've listed on the noagent property web site, got 2 to 3 enquiries per week.
when I sell my family home in this year, I plan to list with lawyersrealestate.com.au.
One of the difficulties we have, is not being able to list on the realestate.com.au web site privately.
I think this is extremely anti competitive and have wondered if this can be reported as such to ASIC.
I've even listed on gumtree and trading post and have had steady enquiries.
At this point, we've decided to hold the property and have withdrawn the adds.
I had a number of offers through the private listings and it's not difficult. Once the offer is made, and the next step,is to get the contract drawn up by your own solicitor.Despite what any one believes, it's not difficult at all to sell your property, it's possibly wotrth having a professional valuation done beforehand, so you know what price to advertise and expect and avoid opportunistic buyers.
It places you totally in control of the process.
By the way, I don't have any time at all for real estate agents.the nanny state is well and truly alive.
we are all paying for it, how else are you going to control the masses!stop blaming brokers or any one else for your situation, we should all take charge and be responsible for ourselves.
sometimes circumstances change and to lighten the burden, your only choice is to reduce debt, before it's taken out of your hands.for rental reasons, you would be best to have it neat and tidy, good curtains, air conditioning, tidy up the garden etc.
If it's your own permanent residence, it might be different as regards outside render.
I think the outside look is usually not that relevant to the average tenant.agree Linar, i guess it comes down to the fact that communication should have been much clearer.
I was also very distracted by work pressure , busy job interstate.
So I really didn't give myself time to consider everything more carefully (my fault).
In retrospect, it's surprising that there was no discussion, as there should have been about what the market is doing and what is a realistic price range. Yes, I was a bit naive also.
I assumed the agent knew, from my listing what my price was.
I think a big lesson probably for both parties to be very open in communication re prices and expectations and don't rush signing anything till it's been made very clear.The property had apparently 4 offers all in a close range, none of which I saw.
The RE agent rang me and went through all the offers(late one night), I provisionally said yes to one without giving myself time to think about it or discuss with my husband.
After we had time to think about it over the weekend, we declined the offer(s), still sight unseen or not receiving any sales contract.
He then got quite aggressive on the phone and so did the sales persons' boss, threatening me with legal action and stating that if the property was sold at or above market expectations and per authority (which looks to have been a very standard authority) and I declined, they could still charge me the full commission.
that's the first i ever heard about this.
It didn't seem to matter that "market expectations" weren't mentioned once during the pre authority or signing up stage.
It seems that their "market expectation" was meet, ie quick sale/instant comission, but they certainly weren't our "expectations".
Ithank you all for replies.
I am very familiar with fair trading and real estate institute.
At this point I've not had a reply from the agent from my letter.
I will probably leave it be but any future sales I might undertake will not ever be in this way again.
