Forum Replies Created
Interesting to see the advert was pulled – what did you end up deciding to do OP?
I wouldn’t say Slacks Creek is a market I would necessarily call slow at the moment – Logan and surrounds has shown to be a fairly consistent market at the moment.
Everything comes down to presentation, price and the professional involved. Yield isn’t important – there are 10% yield properties which won’t ever sell and 2% yield properties which sell before hitting the market. It’s all about comparing your property to others and seeing where it is in line with the market.Thanks Corey – I ended up pulling the property from Purple Bricks and re-listing with one of the more successful REA’s in the area who has a proven history of sales.
New Ad is up now but I’m sure you’ll all be able to find if you go looking.
Thanks for the tips re: yield also. As I’m still fairly new to the scene, it’s a lesson learned on what to look for and how to market a property for all audiences.
Also lesson learned re: paying a ‘commission’ upfront, giving the REA no actual incentive to sell the property – watch this space as I’ll update if/when the property sells (and for what price). Fingers crossed.
Hi Benny – again, thanks for the feedback.
– No, there aren’t bikies living next door and the street is nice and quiet.
– The tenant is on a month-to-month agreement so very easy for a potential owner-occupier to ask for a vacant premises upon possession.
– Thanks for the advise re: investors and low-ball offers. I would have possibly considered some if they were within 5-10% of the asking price :)
– FHOG – yes, this may be putting a dent in the potential buyers
– (as mentioned in my reply to David) I’d rather not go down the VF path, and aside from the reasons already mentioned, that would be entirely new territory for me. I don’t think I’d be willing to take the credit risk to tell you the truth.
Thanks for the tips David. Unfortunately with a tenant in the property, it would be difficult to go down the path of staging – and from what I have heard, this can be quite an expensive exercise for a property of this value. Vendor finance – not really an option for me as there is already a financier (bank) that I will be required to pay off in a sale event, and I am looking to reinvest any profit made from this property into other things.
