I am from the Sunshine Coast as well i have a highset 12 year old IP in Caloundra it's a basic 3 bedroom 1 bathroom double garage home that rents for $350 and will increase at the next lease renewal. i work in a real estate in Caloundra and we don't have anything on the books for under $360 at the moment. Being 5 years old i am assuming its in one of the estates? what area are you in? you could get more than $350!
Basically if you decide you would like to purchase the property you tell the agent you want to put a contract on it. you give your details and include your clauses which are building and pest which can be any amount of time you like as long as the vendor agrees to it an average time is 7, 10 or 14 days you also put your finance clause in which is average 14,21,30 days you then state what settlement date you want generally 30,45,60,90 days you also put in what deposit you would like to pay again you choose the amout keep it small like $500 or what ever you are comfy with remember it's your choice there are not set amounts. you also state the price you would like to pay they then take the written contract that you have signed to the vendor they either counter sign with a higher amount or they sign it off and accept your offer. You then orgainse you building and pest ect and go from there. there is another thread on here in regards to "the other buyer"
ring and ask to speak to the principle of the business and also get the other real estate to follow it up for you. Sign up with the other agent (if you think they sound ok) and ask them to go out and do an inspection and sort out the rent in arrears i don't believe that your verbal agreement would hold up if you pursed it through small claims court, i am guessing they are just trying to bluff there way out of it. They sound very dodgie and with the OFT how come your agreement stands but they are allowed to do what they like? ring back and speak to someone else it's suprising what one person to next will tell you from the same company.
Sounds a bit dodge, how does the agent know there will be no problems with the immigration department? working in Real estate i have not come across it before, but you would be suprised with all the different clause people put on contracts.
wow!… i've only budgeted $2000 for mine! my intention is to:
1. remove the existing bathroom on my own, 2. knockdown the wall between the bathroom and toilet — probably do it on my own as well. 3. buy the new toilet, bathtub and shower stall from auction 4. removing tiles and re-tiling on my own 5. pay plumber to do the installation.
is that a fair assumption? it's for investment, i have no intention to spend a lot more than that! ok, maybe a little naive, i'll let you know in about a month!
Nicole, i've read in many articles that kitchen and bathroom always the first two things to watch out for that adds value, whether it's for investment or for personal. I supposed that varies whether you would spend 5K or 25K. Bottom line is, it's worth it, i think!
Being told by my parents to buy an investment property when i was 16 and living at home and earning good money. i was too scared to try and thought people would laugh me out of the bank. so i never tried. stupid move…
can i throw a question in if i own an investment property and wish to sell it after 12 months of owning it (it has been tenanted since day dot) what capital gains tax will i pay?
Thank you for your input, my husband is a cabinet maker so the vanity is covered wasn't to sure where to start with removing the old bath/ shower etc. do you believe renovating the bathroom adds value?
I don't believe it is 60 days i am sure you need to give 4 weeks notice if you don't have a lease in place and they have to give you 2 weeks. i would take the letter you recieved to a new property (whom has been recommended) manager explain what has happened and ask for their opinion they can usually take over the property fairly quickly. what area are they in?
alot of agencies are different 8.5% + GST is common also 7% plus postage and petties + GST look around at every agency and play them off each other you should be able to get a better deal
I work in a real estate agency and all tenants must notify of there intention to obtain a pet then it is up to the owner to say yay or nay, the person who does the inspections ( not necessarily the property manager) should know if there is an animal unless they took it else where while the inspection was being done. also 8.8% is a little on the dear side try to renegotiate especially if this is you 2nd property. Usually if owners agree to a pet they opt to put the rent up by $5 -10 and put a clause in the tenancy agreement that the tenant is liable for any damage, carpet and flea treatments. if you pm wont listen tell them you will go else where if that doesnt do anything then i would definatley find some one else.