HAve you made a offer on the house, if not make it subject to those things being done, its not up to the realestate agent to decide, ask him to put the offer to the owner.

Thats my 10 cents worth, or if you have allready made a offer at a lower price and they have accepted then I would just buy it and spend the money to fix the Aircon and also to have the whole place sprayed for termites as well as the removal of the bushes

Chris[baaa]

Hi Trish, I am only new too but have 9 poperties so learning fast. Here is my opinion any way. First dont rush into selling your first rental, unlock the equity in your paid off home and start buying positive cash flow properties.

forget NZ at this stage as there are still oportunities here in Australia as NZ will have many more issues that you just dont need till you learn a whole lot more about positive cashflow properties.

Just been looking at the retirement thing for the oldies, on resell you lose up to %25 fee (10 years +) Its a sliding scale starting at %4 first year %8% second. + %50 of the capital gains.

so I can see why the banks wont loan you even %80 as its resale value is decreased by the contract with the village.