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Many people find negotiation confronting and difficult, but here’s a tip to remember: be sure to ask for something you don’t want, so you can then concede it later on for something you do want.
Here’s an example, recently I made an offer for a house. The asking price was $350,000, and I offered $330,000 including all the furniture. I didn’t actually want the furniture, but later on I conceded the furniture if they would accept my price. If I hadn’t asked for the furniture then it would have left me little wriggle room on price.
You could ask for anything… the house to be painted, some repair done, longer settlement, owner finance. It doesn’t really matter because if you get it then it’s a bonus and you are only asking to toss something else back into the deal pot to make your ideal price and terms more achievable.
Cheers,
– SteveTrue….just put in a offer 20-25k under the market in Brisbane…and it is being considered…they sent me the contract for the place to fill and return.
I am still pinching myself….hope I get good news by Monday. :)
Hi All
I have just joined the forum and would like to know if anyone has any info on the situation of property growth in Norlane Geelong.
we bought our house in Norlane 2 Years ago and i have not seen any improvement in the market. the house is a weather board that me and my husband renovated just after purchasing the house 2 years ago, when i look on real estate.com i have not seen
much movement in the prices. the land is just over 700sqm would it be at all good to start to develope the land i was hoping to put 3/4 2bedroom units on the land. any info or insight is most welcome.I would be patient. ….have a look at the growth in Realestate.com on the growth to now since 2007. The place has doubled in value since. Since it is still reasonably pricied..and close to good areas it will eventually gentrify albeit slowly.
I have one in Armstrong Creek…people told me there would be no growth…it has already moved in price. The rents is fanstastic $380pw on a 335k H&L price. The demand for rentals is huge…mine is in the Villawood Estate and once the Club goes in this year…I can charge another $15 more in rent.
I’ve selected “Buy and Hold” for growth, but only in markets that have room for growth (eg Brisbane) – Sydney and Melbourne generally are excluded currently, but I am finding some distressed sellers in Sydney at the moment, so there may be opportunities. Particularly interested in Sydney if there are manufactured growth opportunities with distressed sellers, as it is my ‘backyard’.
Agree with you mostly.
I have just put another another property in Brisbane…this takes the total I have bought in the last 2 years in Brissie to now 5. The market has been steadily moving up.
I also see selective opportunities in Adelaide. As DT posted….there are quite a few Positive Cashflow options. I am mostly focusing on the better surburbs within say 12-13 klms of the CBD.
The Melbourne Outer suburbs are now going through the growth spurt..I reckon there is another 12-18 mths of growth till that also settles.
Sydney is definitely a “no-go” zone for me…..I feel that a lot of buyers are not buying on the fundamentals.
Property is cyclical…..the question is when interests rates will rise not if.
At some point….when they do go up…people need to be prepared.
Lots of people are also punch drunk from the Sydney increases….the market in Sydney overshot….at some point there will be a correction. Again a question of when not if.
Hi there.
Be careful of OTP…there have been many instances when on completion the valuations have not come up to par.
Do your Due Diligence well…..
My personal opinion is to buy low set small unit complexes…avoid highrise towers at all costs.
I note that this is for Canberra…the oversupply over there is still quite large.
