Nesta,
I sold my house last weekend thru http://www.housemart.com.au Cost $550 and they supplied all the paperwork, signs etc. If you go to their site, then WA, then Mandurah Marina you will see my little terracotta coloured townhouse. Probably saved myself around $18,000 in commission. Was also a bit of fun to say that “I did it myself.” Housemart are mainly operating from the Rockingham WA region at present. They apparently can cover anywhere in Oz tho.
Cheerio,
Fibejebe.
Sounds like you are making more of it than it is.
The biulder fixed it, so that`s it!.
A leaky roof is not a major structural problem or anything to get too worried about.
When you buy a property it`s as is and it`s up to the buyer to check it out thoroughly.
If there was a major problem it`s generally obvious anyway.
Ethics are a good thing but let`s not go overboard.
Leaky roof? I wish. It has twice been thru builders disputes tribunal and is still less than 4 years old. With regards structural damage, yep the huge risk now is concrete cancer. The main reason I sold was because I was concerned about the long term effects of the damage. This would have been my first property to hit the million (exclusive canal front in Mandurah) but we bailed out prematurely purely because of the structural problems we had. It gives me peace of mind to know that the purchaser is aware of the issues. Some wouldn’t give a rats ass about that. I guess that is what makes each of us unique. Property investment may be all about business and dollars but it still involves real people doing the buying and selling. Easy to say sell with the head and not the heart but this was my PPOR for 3½ years. Of course I am going to have an emotional attachment.
I really do not understand what you mean by “assigning contracts” but the whole issue of ethics in real estate is a touchy one. I recently put my PPOR on the market – private sale thru housemart.com There were a couple of reasons why I wanted to sell. One was because I recently got married and if I sold now I would not attract CGT. The other (main) reason was because I had owned this townhouse from new for 3½ years and every winter when it rained I had water damage. The builder has assured me that this time they have rectified the problem, but I would not know until after another winter.
My dilemma was – how much do you tell a prospective purchaser? Agreed – they should do their due diligence and get copies of the strata AGM minutes etc, but do I have an ethical responsibility to spill the beans? I got my first offer yesterday (after 3 weeks on the market) and the purchaser is friends with one of the original developers and has stayed in the complex the past week in said developers unit. The purchaser knows all the faults with the development and still wishes to proceed with purchase.
I think it is important with PI to have a diverse range of investments. That is why we added the retirement village to our portfolio. We also have an inner city apartment, house and land, and a development block which currently has an old house on it, but is zoned R40 for a four unit development in the future. Whether we personally develop it or get the DA approval and sell to a developer remains to be seen. I sold my PPOR yesterday (settlement 18th Feb) so now in the market again for more investments. YIPPEEEEEE! []
Fibejebe.
Hi Humboldt,
We are about to finalise purchase of a couple of aged care units in Qld. We have quite a diverse portfolio and this is just one of our investments. The bank has treated it as a residential proposition but only lent 70%. The two dwellings are side by side so eventually when hubby and I get to geriatric status we can move in and continue to annoy the hell out of each other. []
Fibejebe.
If you find yourself in a compromising position, in which a win will not present itself, you still can avoid a loss[}]
Mel
By restarting the computer? Not my style. If I lose, I try that game again until I crack it. I refuse to let it get the better of me. Gotta admit, I did do that once tho. Only because my blessed cat walked over the keyboard and I couldn’t “undo” his stuff up. Not even sure how it happened as I thought the game was only controlled by the mouse. []
OK. Apart from that?[] We love riding our bikes. We have three between us. “His, hers and ours!” So sometimes we go follow the leader on the two smaller (900cc) bikes and sometimes we go two up on the big bike. We have a camper trailer that folds out into a full queen sized bed that we tow behind the goldwing.
We are also very active in our local Ulysses bike club – not just going on the rides but also on the social committee and I write the monthly newsletter etc so that we can give something back rather than just let everyone else do the behind the scenes chores.
March / April we are riding across from Perth to Adelaide to Geelong to Nowra, Sydney, Brisbane back to Sydney, Cooma, Adelaide, Perth. 5 weeks of numb bum.[]
Fibejebe and all
Sunday (25th) would be good for me I think I will be still up north on saturday. tuesday pm or wednesday am 21 are also good times
recovery
Just realised it will be the Oz day long weekend. We will be away.[] Tuesday PM may still be an option for us. Is anyone interested? Venue? Fremantle?
I looked to see whether there might be a better forum to start a new thread on for this topic and there isn’t a “meeting” type heading anywhere. (Unless you consider yourself to be a guru recoveryman! and then it would appear that we have to guru-watch you!)[] Maybe something for admin to consider.
How about I start a new thread in forum frolic so that those not interested can skip it. It will only be active for a maximum of 10 days anyway.
Are we gonna have a get together while recoveryman is over or what? My suggestion is breakfast at Freo E shed markets on the Saturday morning. (9.30?) That’s central for those from Mandurah and those in the Northern subs. Any other suggestions?
Fibejebe.
Slightly off topic…. Make sure you have a good landlords protection policy too so that if he does default or damage the property you are covered.
Fibejebe.
Hey Muppet,
That was awfully clever of you to post your reply {Posted – 14/01/2004 : 18:15:41} before Chan$ had even started the topic thread. {Posted – 15/01/2004 : 14:30:19} []
Like I said – you must spend too much time on the net!!! And here I was just trying to make sure you didn’t get your 1000 post red stars before me, and you went and cheated!!
Congrats.
Cheers
Mel
Mel,
If you go to the members page (left hand column) you are still above SIS! [:o)] They have members listed by number of posts.
Fibejebe.
[:p]
[8D][:X][:0][][|)][?][^][:o)][][:p][][}]Yipppeeee. I got a PM [][][][?][][][:0][:X][][:o)]
This board should have a health warning to the effect that it may become addictive. I see in todays paper that someone is trying to sue foxtel because they spend all day as couch potatoes and his wife has put on 23 kilos since they got it. In his requests for settlement he is asking for unspecified funds, 3 computers and lifetime internet subscription. Hell, then he will probably sue his internet service provider. Only in ….. (guess where!)
And with this new format, I can see me here three hours a day instead of two. [] Uh oh. []
Did ya check out the pop up ads between the posts? Buy a townhouse in the Port Douglas resort for 600,000 []Yeah sure!! I’ll have half a dozen thanks. Guess google can’t find us any +CF pop ups. []