Can only concur with what Terry has said.

We recently has a similar problem when a valuer came in under the purchase price by 4k,,,and the purchasers trustee questioned why they were paying 4k over thr VALUATION.

What a joke…my agent argued that the valuation can have a spread of 10% either way and that an EXACT figure doesn’t exist.

Also pointed out that the comparative properties used in their report were not that comparable.

All the purchasers trustee required was for the agent to put that in writing and they were happy.

In other words they were happy to qualify their official valuation with a letter from the RE agent.
Like I said, what a joke.

In the end we got our asking price, as the other option we gave them was to “tale a walk”.

Hehe….Roll On The Floor Laughing..

A question for both Greg and Derek,

A lot of these PI books make the comment that “this stuff should be taught at school”

As enlightened investors, can I ask if you in any way attempt to introduce the principles ( no pun intended ) of saving, compounding returns, and investing into the class..or is it against the carriculum ?

It must be frustrating watching the next crop of consumers going out into the world to take up bad habits when some good habits could be imparted while they are still at school ?

Just curious..

fman,
Did yo u say you were in Adelaide?
Its illegal to wrap there right?

How would it work for someone to buy it and L/O it to you…ie..they would have to mark it up in price hence you don;t get it for $220k (assumeing they can buy it for that)

Is it correct to say you are looking for someone to buy the house from yr parents, and then sell it to you on a L/O ?

Can you sell the place you are currently in or does the lease option agreement prevent this, ie offer it for sale, and if it sells, exercise your option..
If this is possible, will it sell for more than your exercise orice, or even for the same amount ?

It would be better to do this than to walk away from it and forfeit all you option fees paid to date..

Hi JoD,
PM sevice is pretty average here, and the rate is pretty high,(depending on which agent you use)

Are you in WA or elsewhere?

Granted, rents are steep up here, and will continue to remain so, but you want to make sure all is in order with the building, as maintenance costs if required, will burn a big hole in your pocket.
PM or email if you require more info or want any help.

All the best,

KP

TimTam;
If you subscribe to JM, then you get offered FREE stuff if you pass on the email of 3 ppl back to them.
Someone you know has probably included yr email in this list….

Techa,
I need some retaining walls on a property in Perth…
Discount for a forumite ?? hehe

Go SCOTT !!!

Go easy on those chapati’s and the Singapore slings..hehe

Yep,
Thats right…but the sewer run is not always on the street. Sometimes its at the back of the block…
Level is not a problem,,,distance to the sewer will allow you to create the “fall” from the house to the sewer junction.Plumbers are really good at doing this )

Also the pump is an option. Even in WA . It just COSTS…
And you can fill a block, as long as you don’t create a problem with levels on the boundry with neighbouring properties…then you need to retain…nothing is impossible,, it just comes down to cost ( I have experienced all these headaches in duplex developments, all in Perth )

Yeah, heard that some have been edited, deleted, removed.
Long live the democracy….

Gday Greg….everybody CONGRATULATE Greg…hes an official property developer.

Sorry if we haven’t been in contact Redwing…have been very busy with property related matters, but all is now finally settling down.

Aus has my vote of confidence based on his hands on experience in Perth and surrounds and his number crunching ability, and if I can help please PM or email.

KP