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  • Profile photo of motoxmotox
    Member
    @motox
    Join Date: 2007
    Post Count: 2

    hi, im in the industry and i also have properties that i give to a property manager as i want to distance myself partially to my properties and i pay 9.9% plus monthly postage fee of 5.50 no inspection fee as they are city properties and i let them organise maintenance but only on my authorization (as i now alot of traides and have my preferred list) I have found that i do pay more yes but i also get the service i pay for. I have found in the past that if i don't pay a good fee and the rent roll is high a property manager is forced to look after too many properties so i lost my identity and became another number.

    Shopping around is good but haggling can hurt you in the future. ask around for the most reputable manager and look out for things such as staff turnover as a happy manager is one that pays attention to detail.

    Profile photo of motoxmotox
    Member
    @motox
    Join Date: 2007
    Post Count: 2

    Hey there, i am unsure about the term 'as is' offer however from what i understand the only time that something is as is and totally unconditional is if you sell via an auction, as with an auction the buyers have the opportunity to do any inspections they wish before the day of auction, once they are the winning bidders there is no going back as they sign an unconditional contract right there and then with usually a 10% deposit and its final (well in the top end at least)

    With a normal offer in the matter of a private treaty sale an offer to purchase is only that it secures the property (normally accompanied by a refundable deposit if the sale does not go ahead) it usually states in there that the offer is subject to…. pest inspection building status report etc. but again only once an offer has converted to signed and exchanged contracts is the deal finally done and the buyer has no going back.

    Not sure if this helps but hopefully will give you a bit of a better idea.

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