FWIW, the market has come off at least 5-7% since Oct/Nov 10. The agent is dreaming if the price that they have on the place is right if it is still sitting there. The market has turned!!!!

Go back at the same (or lower) price, in writing and in person. Ask them to contact the owner (in your presence). Depending upon the size of the office & who you are dealing with at the moment, try to deal with the principal of the office and cut the sales person out of the deal.

Door knocking, that will let you know who is interested.

Oh, you've realised what you have signed is not just a fixed term ie 12 months but 12 months & you are required to give notice to end the contract? Hmm, it pays to read the fine print – if you don't need it, terminate it.

I have 3 different ones (nerd ain’t I?) I find that the older Sharp EL74? Is much easier to use than the newer replacement model. Not too fussed at all with Casio’s attempt at a combined scientific & financial calculator.

did they go guarantors or take out a mortgage to help you? If there is only a guarantor relationship, then the bank has no recourse over their assets but a liability should you default.

expect to ‘lose’ 50% to management, cleaning, linen & outgoings. Still sounding attractive?

Absolutely nothing wrong with offers over. It is far easier to lower the vendor’s expectations than to raise those of the buyer.

When the asking price is very close to the desired outcome, the deal will come more easily.

Personally , I’d be standing firm. Tell the rea where to get off, they are probably now the property management looking to lease it.. Tell the rea that there is no comeback, they purchased ‘warts & all’ & they got what they had inspected. If the buyer undertook neither pre-purchase nor pre-settlement inspections, then caveat emptor, they would have discovered the condition of the premises & made appropriate requisitions. If the agent misled the buyers it’s not your problem.

no, I’d much rather some of the less stable countries like Fiji, Libya, India or the middle east.

Alternatively parts of Japan are quite ‘hot’ at the moment.

The choice:

Drop fhbg, prices drop (temporarily/slightly) in fhb territory. This will affect developers selling at below the grant cut-off point & not the general market. Buyers will need to delay purchase until there is a deposit. Demand for rental is prolonged/increase in rental demand/decrease in vacancy rates/increased rent all leading to higher prices & fhb being out of the market for longer. Political dynamite.

Retain fhbg, status quo but a good feeling for the follies.