Forum Replies Created
Hi,
Thanks for your replies.
I am still amused by that agents conduct, I think he should not be in sales or deal with people.Live and learn. By The Way I agree that vendors should get highest price, it’s just not knowing IF there is another bidder or a phantom? There aren’t that many properties on his for sale books.
I have since found a better sales agent to work with.
Happy Investing to All.
bye,
Sandi [
]Hi,
The mentioned property is in Millicent, SA. The price was listed at $65,000. Rented at $125.p/wk.
Now it’s withdrawn and apparently going to wait a week and re-list it at $87,000. I didn’t get to inspect it but if it’s rented at $125 I’m guessing it must be liveable.
I didn’t like the bidding contest.[] But if he is genuine and there is another person then I suppose it is also in my interest, to up my bid. However it just made me feel uneasy and pushed.
Also the problem is there aren’t that many properties for sale under $100k,and this has pushed the prices UP UP UP! in all the south east of SA.
Thanks,
Bye
Sandi. []Hi,
It comes back to buy what you can easily afford and not struggle, than to try and max out to buy the more expensive. Which brings me to another point of interest: Yesterday I inquired with a real-estate agent about doing an inspection to buy a house, they arranged it for Sat. Tenants need time etc.. Today the Real-estate agent rang informing me the owner is going to up the price by $20,000. WOW!! talk about a QUICK rising market.
The agent also said that the buyers are 95% investors. I haven’t found any that would be positive cashflow, so I’m wondering what will happen if/when the interest rate goes UP UP UP.
Bye
Sandi []Hi,
I have also read some of Roberts K’s books, I thought they were enjoyable, if fact hard to put down once started.
It saddens me to think that “Rich Dad” might not be real- I loved the idea that A Rich person took the time and effort to tell another how to become rich.I would love that luxury! I gladly read these “motivational” books, than listen to the never-ending advice I get like “you’ve got to work hard for money” or “what! Money burning a hole in your pocket?!” Or better still “you paid WHAT! cos the only person getting rich is them, you know!” Sound familiar?
Like many others here on the forum, I have had the wakeup call that it’s time to change. To start planning and more importantly it’s time to start taking action.We must learn how to create wealth and become financially free.
Sandi []Hi,
I am also in SA. The lease/options it seems is the only way to go in SA. However it is not a simple task. My Solicitor has spent the past 3 weeks searching for a clear way with the tenancy act.
Also the option fee has to be made clear that it’s not a part payment as this offends section 5 of the Land and Business(sale and conveyancing) act.[|)]
Hope this is helpful.
Sandi[]
If other SA have successfully done/are doing lease/options, I would love to hear/read about it.[]
“If we stop being competitive and start being creative, life will more fulfilling” W.Wattles.Hi, I am also new to the game.
The plan I use is after inspecting the property myself, 1: Offer $price- willing to pay.(once you have looked at a few properties you will get a general feel on Property values)
2: Put subject to building inspection
3: subject to finance (always even if pre-approved)
*4:Ask for long settlement, with permission during that time, to show “your occupants” through the property. *Don’t need to do this if you have occupant already to go.
Hope this helps, cheers.
Sandi[]Hi,
A Quesion for The B, If you do add value to the property before settlement, How do you structure the forms/contract to allow you to have access to the property before it is actually yours. We weren’t even allowed the keys to a previous property untill after settlement. So just curious about it, sounds great.
Thanks.
Sandi.[]
]
] But if he is genuine and there is another person then I suppose it is also in my interest, to up my bid. However it just made me feel uneasy and pushed.
]
