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  • Profile photo of EznEzn
    Member
    @ezn
    Join Date: 2007
    Post Count: 17

    Whatever you do just DONT USE AUCTIONS or pay for advertising you dont need even if they charge for open houses or big articles. negociate with them on all costs if you are using an agent that charges for advertising, if they dont negociate then chances are they cant do it. And that is not something you want.

    Profile photo of EznEzn
    Member
    @ezn
    Join Date: 2007
    Post Count: 17

    yay extra money for my first home……. oh wait because they wont release land i will just give it back in land tax

    Profile photo of EznEzn
    Member
    @ezn
    Join Date: 2007
    Post Count: 17

    Ok befor I say anything I would like to say that I actually worked with a Jenman agent so it's up to you to how much  you believe what  I say but I will do my best to explain my logic.

    John was right in saying that there are stories for and against every agent particularly Neil because he exposes many scamers. However saying he is just like any other agent is BS. If you are deciding on Neil's crediability you might want to think why no one questions his research which is a big part of the Jenman system.

    I am asuming that you are after the best agent to sell your propety and that is not allways a case of opening the paper and seeing which agent has the most adverts. Just a tip if you want to find the worst look for the sold adverts.

    Befor you even go to see an agent as a seller go as a buyer. Ask the questions that no agent should tell a buyer.
    . Why are the sellers selling.
    . Whats the lowest they will accept.
    If they tell you then they will tell the buyer of your home and I would advise you to not use them.

    As for saying not having open houses is a disadvantage I just cant see the logic. If you want the best price for your home you are looking for the buyer who will pay a fair price for it. The reality is open houses are used to increase the size of the agents database NOT help the seller in any way. Thing about it… why do they take a register of everyone, they only need the serious buyers don't they? The serious buyers are the ones that want to properly discuss the property and if you think they are going to be more forthcoming while other potential buyers are around your dreaming (unless the buyer is stupid) While many people go to open houses many of them are just having a look and I herd many times from people they automatically cross off any properties that have stupid advertising like "Expression of interest" "Price on application" "Auction" and my personal favourite "For Sale By Negociation" < What a joke.

    There is less advertising ABSOLUTLY and I will tell you why. Comparing a Jenman agent to a normal agent and their motivations is stupid. Ok why am I saying this….    Jenman agents are payed a salary and i dont mean a retainer I mean a SALARY and a good one at that. Because of this they spend more time actually communicating with their buyers and don't need to get a listing and sell something below its value so they can eat. I saw Million dollar plus homes advertised for 12 hrs and the buyer didnt come from the net or an open house it came from agents communicating with their buyers they know are serious.

    The best thing I can say is DONT PAY FOR ADVERTS because good agents dont need them. Like wise for auctions

    Profile photo of EznEzn
    Member
    @ezn
    Join Date: 2007
    Post Count: 17

    thanks for that Qlds i had one more question though. I know most banks will give you a loan for a development but what would be the best one for a 100% finance job of developments.

    Profile photo of EznEzn
    Member
    @ezn
    Join Date: 2007
    Post Count: 17

    Just getting back to the topic of financing the project. Can anyone tell me the types of things the banks look for in particular when reviewing your business plan for finance of a large project of say a block of units or townhouses.

    cheers

    Profile photo of EznEzn
    Member
    @ezn
    Join Date: 2007
    Post Count: 17

    Would the situation change if the properties were sold through agents instead and the properties were not sold under a developers name. By doin this I would obviously still need a Trust account to hold all the profits from sales and split the income accordningly.

    cheers

    Profile photo of EznEzn
    Member
    @ezn
    Join Date: 2007
    Post Count: 17

    In the inclusions list of the home it says construction insurance on base price. Am I right in saying that this covers me for any harm to people on the construction site. The homes come with a six year build guarantee which will pass over to the new owner so im covered interms of workmanship guaranteed.

    Is there any insurance that is specific to developers i should know about.

Viewing 7 posts - 1 through 7 (of 7 total)