Forum Replies Created
I think you could go either way. It depends on where your located, whether you are known in that area and want to do more investing in that area. If you want the real estate agents to take you seriously and pass you other deals before they get to the market, then you need to do right by him/her. A little money saved now might mean you miss out on some serious deals later. If they are not a good agent and you don't want them to work for you then this may not worry you. If you are in a smaller town or city and want to invest actively word spreads between the agents when people do this and I know that the agents do go elsewhere with a good deal. It can all be very frustrating. Do what you feel is best.
Hi Tarik
In this circumstance I like to remember what Steve McKnight said in 0 to 260 Properties. Set three prices. Most importantly set your maximum price and do not go over it. You seem to have set your maximum price at $280 000. Is this to settle in 30 days? What do you want to do to the property? I ask this because if you want to renovate it then work out the interest repayments you may save if you have a longer settlement and add this amount or even better half of this amount(more profit for you or a bit more negotiating power)to your offer if the vendor will increase the contract period. Make sure that you have a clause that you will not pay interest until settlement and that the vendor allows you to start any renovation/development work/ have access to the property/go to council/ be willing to sign council forms etc before settlement date.
Tell the agent if it is not accepted then you are not interested in it as it doesn't stack up for you. Be willing to walk, there are plenty more houses.
