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He is speaking to all unit owners, in addition to neighbourIng houses. This will allow them
to build a unit block with ocean views. The area is zoned rd6. I don’t want to walk away
without enough to cover the deposit and costs of buying another property.
I will definately speak with a valuer. Thanks.He is looking to purchase it to amalgamate the land. This is out of
my scope. I bought the unit for development, however, I am finding it difficult to negotiate with the developer.
I want the best outcome, but I am unsure of how to gauge a fair price. The price he Is offering is above what I cold get
on the open market, however, the open market doesn’t take into account zoning and development.
Thanks in advance.Thanks so much guys, happy to know that property went unconditional today. I am still not sure what the go was, but after reading your posts, I decided to hand it all over to solicitor. Really appreciate the sounding board, and your thoughts…put my mind at ease.
Cheers until the next "need help" arises, hopefully not until i buy me next property, or the one after that.
Thanks Scott, I have spoken to Solicitor who is confirming details with Real Estate – some of the dates that the real estate initially put to me were wrong, and the finance actually has one more day to be approved.
In terms of the valuer, the property cannot be viewed from the road, and has its own access which is why I would assume that a drive by won't suffice (I'm not sure).
The property is being sold with tennant in place, yet at the current settlement date (06/03/2008) the tennant has 3 weeks left on her lease (27/03/2008) and the new suggested settlement date would be the 28/04/2008.
The vendor is buying another property interstate and would like the settlement dates to ccoencide (but I am unsure why, this is the feedback from the real estate agent).
I can say that I really like property and don't want the contract to fall over, it meets so many of the requirements that I need in a property, I don't really want to have to start looking again.
So, what now? I am hoping that finance is done in time. I too fear that the sellor may have a higher bid in the wings.
Thanks for that…this does seem to be gereral consensus. I guess it comes down to what is available in price range now, as I have just started looking. Cheers Catl