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You could raise the offer something stupid like $1235 or something along those lines, it may sound stupid but i used to get this done when i was an agent and it works well with a vendor who wants to have the last say. Sometimes people just want to win the negotiation so by giving something even if it small you will still walk away the winner.
In regards to talking to the seller direct, its ethical from your point of view because you have no obligation to the agent and i would do it because the only one that is going to look after you in this matter is you and its going to be your investment property not anyone elses.
The problem lies if the seller decides to deal with you direct when (not if) they find out its been sold commissions will still need to be paid
Hope it helps
Regards
LocymacBusiness Global you make a good point about using residential selling as a stepping stone not only for the real estate experience but also getting used to working on commission which is an art in itself, i have also looked to move into the development industry recently and was wondering how you have gone with building things a share your love of learning.
That is gold:)
In WA the fees are usually 9-10% So not far of ACT either
If your a first home buyer and you purchase the property in a trust set up im not sure your eligible for the FOG though?
You may already have plans drawn up already by a town planner. When a block is subdivided sometimes the town planner has to draw up designs to prove to the council that a dwelling will fit on the property. This depends on the size of the block to be subdivided. Just a thought that may be worth looking into.
Cheers
Im down with the quacking duck theory
Im down with the quacking duck theory
Hey Cheyne,
230K sounds like a very nice house indeed. I cant comment on Fairhaven however i dealt with a company called Stroba group (www.strobagroup.com) and they subdivided my block and now were going ahead with building on it. What they do is tender out the building process to get the best possible building price, it might be worth having a talk to those guys.
I like what these guys are doing so much so that im taking up a position there next month.
Also in regards to ensuring that the building price will stay the same unfortunatley you cant. Builders put PS (provisional sum) on a lot of items so that you cant go around and get them into a bidding war. So until you sign the building contract you only get a rough idea.
Hope it helps
All i would say is interview the agent just like you would someone who is coming to work for you. The amount of horror stories I heard in Real Estate about property management and tenants would turn your stomach. Make sure that they are completing their property condition reports (PCR) on time and you get told how it went straight away.
Also most agents take pictures now days so you can view what your property looks like.
I would also recommend giving a good agent the power to fix minor things in the house. ie give them a budget of up to say $500 and if its any more than that they have to contact you.
Sounds like you should move to western australia:)
Hi Calvinci,
I recently left a real estate position in Western Australia so my numbers may not be applicable to you. But I was in for two years and started on a five hundred dollar a week retainer that was paid back through my commissions. My split went like this eg
Property 400k
Commission 3.5% 14,000
GST 10%= 12727.72727
Of that if i listed and sold the house myself i would get fifty percent (6363.636)
I i only did one side just listed or just sold i would get 25% (3181)And if it was a conjunction with another agents property i would go half with my agency. Over here good reps do about four a month, and i know several companies that have different commission structures each with there own pitfalls. If you sell one property (both sides) a month you could expect around 45k a year, which is pretty easy once you get the hang of it.
In my opinion i wouldn’t worry about the commission at the start and focus on hooking up with a good agency with a good licensee that can teach you. I went to a smaller botique firm who had a good licensee but no training. Looking back i would have joined a larger company with better training and a little more competition in the office. I am single with no kids so i really didnt have to worry about money too much, but you will probably be different.
Hope it helps
Hey you should look into Stroba Group. (www.strobagroup.com) and look at there property side. Im currently working with them to get the subdivide my block in armadale (WA). They are australia wide and gaurantee the best building price for any set of house plans meaning that you may be able to get a bit more euity in the deal. Worked in my case.
Cheers
Had a look at your website. Subdivide and build on my vacant investment block in Armadale whats is the best way to contact you at Stroba Group?
Cheers
I was looking at the NRAS properties in Western Australia. Got on to a mob called Stroba Group, had a bit of info on the website but most of what I learnt I got from emailing the Clinton bloke (details on site).
Hope it helps
Im a bit confused as to what you do? Is it like a mortage broker for building? If so what kind of services do you provide?
Cheers
