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Two agents selling the one property, they have no incentive to get a better price for you. It will not sell for top dollar, as both agents will just try to make you sign off on any offer they present to you, they will not push the buyer for more money.
Money can’t buy everything
what it can’t buy I don’t wantHi Solomon
Don’t know about WA., but in Vic. you can get info from your local councils web site.
I just looked at an IP only weeks ago that has nine bedrooms and was already operating as a Stdt. Accom. Part of my due diligence was to put in a planning request with the local council ($40.00 out of pocket) and the report came back with some interesting info. The vendor was known to the council for not applying for permits to run a Stdt. Accom. Health ,safety and fire permits are also mentioned in the report as they might be required as well.
I don’t think the insurance company would pay out in any event either
I am still investigating.
CheersMoney can’t buy everything
what it can’t buy I don’t wantHad to pay out which bank on a load as business was going else where, but lucky I had some good advice and a good family member who paid out the loan in full about four weeks before settlement. Just told which bank I had come into some money and they handed over the title in a couple of days didn’t tell them I was refinancing or buying another IP
Have heard that things like this happen all the time more good luck Redwing !!Money can’t buy everything
what it can’t buy I don’t wantHi Vernon
How longs a piece of string?
There is so much information required to give an estimate on the work needing to be done.Kevin is spot-on with his info. As far as the pool safety goes, might just need a few locks on doors and window or a pool fence might be needed or in need of repair? You will have check with the local council where the prop is located. As far as removing the pool, is it above ground (cheap to remove) or in ground (not so cheap to remove)[eh]
Money can’t buy everything
what it can’t buy I don’t wantHi Milly
Something else you should know about not having working smoke detectors in you IP, your LL insurance might not cover the property in the event of a fire.
Also you can put a condition in the lease/contract that the tenant must maintain the smoke detectors.
You could install 240V detectors this might help stop the tenant bashing the $#@! out of them but they still have to have the back up battery changed.A life has to be worth more than 20 bucks or a six-dollar battery as the case maybe.
Money can’t buy everything
what it can’t buy I don’t want![eh]
