Hi Thomas,   Thank you for the reply.   I am always trying to learn more about the way people (investors) think.I am truly not trying to be difficult and perhaps I am missing something here, so on behalf of other members who may be following this thread, let me play devils advocate for a minute.I have just entered these properties into a Pro…[Read more]

RR, as you have given your thread a bump, I'll give you the opposing view to SNM.I would agree that as SNM intimates, Real estate Agents do have a bad name to some extent (and for justifiable reasons), the same can be said for Plumbers, Mechanics, Doctors, Dentists and just about any other industry that you care to name where someone has had a…[Read more]

Thomas,   I just couldn't help replying to this post.   Are you an agent?   Where is your information coming from?From my quick searches, I see that most units were purchased in 2001 for around $160K (lower floors) to $190K (upper floors).   The last three sales that I looked at were:-Purchased 5/01 for $161,000 sold 6/06 for $91,000  –  Loss $70,…[Read more]

I smell a rat.If it is an Auction, why does it have an advertised price or range ($185 – $200)?   In Queensland this type of advertising is illegal and called baiting. If he is telling you that he has an offer of $210K, whats to stop him going back to the first offerer and telling them what you offer?   You are heading for a Dutch Auction and my a…[Read more]

Good one – this reminds me of the one that goes like this:-3 MEN GO INTO A MOTEL. THE MAN BEHIND THE DESK SAID THE ROOM IS $30, SO EACH MAN PAID $10 AND WENT TO THE ROOM.A WHILE LATER THE MAN BEHIND THE DESK REALISED THE ROOM WAS ONLY $25, SO HE SENT THE BELLBOY TO THE 3 GUYS' ROOM WITH $5.ON THE WAY, THE BELLBOY COULDN'T FIGURE OUT HOW TO SPLIT…[Read more]

Matt, an interesting question that you pose, however it is a little like asking how long a piece of string is.   I may be able to assist, but would have to know what the GFA is for the town houses?  Are they low set or double story?   Two bedroom or Three bedroom?   One bath or two?   Lock up garages or carports?   Do you want just Building co…[Read more]

Well said Michael.   Funny thing though, I would be much happier to negotiate on sub $400K properties at the moment, I have so many people on my Buyer list.   on the other hand, I am working much harder to sell $700K upwards and feel less likely to negotiate as I have usually earnt the commission.   It's all in the negotiation though at the end o…[Read more]

Hmmm, sorry for the missunderstanding, have never heard of a Sellers agent (apart from the one that I mentioned) but my immediate thoughts would be that it is just a clever way for an Agent to have an exclusive agency on your property and say that he is going to work with other agents in order to sell your property.   As it stands today this is ca…[Read more]

An interesting topic and one that from a Valuers point of view is covered very well by Scott no mate.   The question is for what purpose does Wezwaz require the Valuation for?   As Scott No Mates has mentioned Valuers will treat the valuation process in different lights depending on the end use of the valuation.   As an example, I saw one done (…[Read more]

Hi My House,A Sellers Agent works (or should) for the Seller exclusively because the Seller pays the commission.   I think that you may mean a Buyers Agent.   That is they work exclusively for the Buyer, however in this situation, the Buyer pays their commission.   It is my belief that with Demand exceeding Supply and given that most agents won&#0…[Read more]

To Jon, the development is along the Whitsunday Coast, making it regional.  Interested in your additional comments/ views.EGD.   For those who have had the opportunity to visit this area, it would have to be one of the most beautifull parts of Queensland, even Auatralia for that matter.   From what I understand, the population is growing…[Read more]

The Practical (analytical) versus the Emotional.   Emotion will almost always win.   Practiacl is the Buyer – Emotional is the Seller and like Marc says most sellers believe that there property is the best in the street (world for that matter).I would almost bet that the research done by the Buyer will be weighted in the Buyers favour.   I had a…[Read more]

Radiant Spark.   It is Headings like yours that I seem to get miffed by.   While I don't know the full history of your transaction with your Conveyancer/Solicitor.   It has been my experience that many in this profession do not do a lot of work untill the contract is unconditional but neither do many of them charge you if you do not obtain financ…[Read more]

No offence to Jon, but you'll never hear an agent say they aren't worth the money they are paid.None taken, as I mentioned above, I respect many of your posts and your constant replies to peoples questions shows me that you care enough to take the time to answer.   The problem we all have is that often our replies are governed by our past ex…[Read more]

Sounds very unsatisfactory in the least.   Are you sure that it is a Body Corp or is it an easement driveway taht she is responsible for?  $480 for 5 years seems to me to point to this. I note that you say that it was noted on the title that she was responsible for BC fees.   As I don't know Vic Law, you will need to speak to someone who does,…[Read more]

While I respect Marc for many of his common sense answers to threads on this forum, we continue to dissagree on the matter of Sales and Marketing.    If property did indeed sell itself then there would be no need to have agents at all.   The truth is, if you pay peanuts as Marc suggests, I can almost guarantee that you will get monkeys.   Just be…[Read more]

doesnt it take longer to organise a day and time to go in to the agents office just to make an offer though???That would depend on just how interested you were in the property.what if im prepared to make an offer right there and then but would prfer it to be written?Tell the agent, they may have a proformer contract prepared and on file.   If n…[Read more]

Jon Chown wrote:Foundation, you just lost me with your condecending reply. I may not be as adept at drawing graphs as yourself but I am not stupid either. Apologies. Checking my reply, I see how you read it as condescending. All I meant was that the answers to your questions are contained in the text that you are questioning. Your failure to…[Read more]

Foundation, you just lost me with your condecending reply.   I may not be as adept at drawing graphs as yourself but I am not stupid either.   Everything you try to show is adjusted to suit your arguement.   An example is the graph that you show above where the value in 2001 is between $500K and $600K while it is extended to $1.2Million in 2006.…[Read more]

Back  to Houses. Supposing somebody did buy that house for $100k ten years back and now it is worth $200k. What does that tell us? Does it mean that house prices double every ten years? Heck no! At $200k that house is either fairly priced, overpriced or underpriced (the balance of probabilities is not with the former).Suppose it is fairly priced…[Read more]