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  • Profile photo of mazza007mazza007
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    @mazza007
    Join Date: 2013
    Post Count: 5

    Thanks Terry,

    Yep,I'm pretty sure he's had this property for enough years that he wouldn't have paid much for it. 

    Any idea how I can find out how much he paid? Is that sort of info on record somewhere?

    Cheers

    Mazza

    Profile photo of mazza007mazza007
    Member
    @mazza007
    Join Date: 2013
    Post Count: 5

    Thanks Freckle, Thanks Paul,

    Lots to think about there, 

      I'll go have a chat to the DA and the solicitor and see how I go.

    Thanks so much for your  advice, I'll let you know how it goes!

    Profile photo of mazza007mazza007
    Member
    @mazza007
    Join Date: 2013
    Post Count: 5

    Thanks Paul,

    I'm pretty new to this, so apologies for my confusion!

      I was under the impression that I wouldn't be able to do the subdivision until I held the title i.e. I had paid the owner entirely for the property. Or is there a way I can get subdivision approval and sell those twenty acres lots to pay the owner out?

    I am assuming the reason he hasn't done them is because he's short of funds ,he would have to know that 100 acres is not a good size to sell.  His subdivision application is just using the existing road and power pole.  I'm happy to offer him financial incentive on the subdivision, just confused how it would work!

    I'm in the NT. Yes please, solicitor recommendation would be very helpful.

    Cheers

    Mazza

    Profile photo of mazza007mazza007
    Member
    @mazza007
    Join Date: 2013
    Post Count: 5

    Thanks for that! I thought it would be because its so hard to get anything out of the banks. So would it be silly to  just approach the owner first and not even bother with the run around from the banks?

    What's a reasonable offer? Would something like K300, 60K deposit, the rest over 5 years, be reasonable?

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