HI BMW..

Firstly nice post!!!..

What state are you looking in? I know in Melbourne the whole TAXI industry is going through a big reform.
If there any changes do you think it might change the value of your investment?

Hi Joe,

I have to agree with the rest and the day's of owner building are certainly over.
You need allot of time to manage the project and because its your own home you will get even more fussier and the cost will blow out.

Plus people or freind's will always say there are saving or there making a killing but you rarely get freinds who will ever say i made a loss or its not worth it.

So always keep a open mind.

Hi Grantos,

I used to work in real estate and here are some tips that may help you out – Well i hope any way!!!

The key to a successfully transaction is to make sure both parties are happy with the terms not just the price.

1) If the agent told you that the vendor wanted 320k over the phone tell the agent to provide you with a counter offer.
At the end of the day the agent has only said what the vendor wants but since the counter offer is not in writing how do you actually know that the vendor wants this much.

2) You have to be a bit patient. The house is not even on the market for 1 week and you have put an offer on it. The vendors must be thinking that there could be a better offer out there.

3) Putting clauses subject to valuation can really play against you.
let me give you an example:

If you where the vendor and you seen these two offers which one would you take?
1 –  Your offer 320K – subject to bank valuation
2 – another buyer offer of 310k subject to finance only

Which offer would you take if you where the vendor?

"Others on the forum might be able to advise but i think you can fill the buyer in as Mr Smith, or nominee. TO achieve a sneaky purchase. May differ between states"

I would not advise this at all, Because at some point who will have to put your name on the section 32 and this means that once some thing gets amended the vendor has to sign over again as well.