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Viewing 6 posts - 1 through 6 (of 6 total)
  • Profile photo of touchingclothtouchingcloth
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    @touchingcloth
    Join Date: 2006
    Post Count: 12
    January 28, 2008 - 3:07 am
    Terryw wrote:
    You can only settle in the future, so I assume you mean 15 June 2008

    And you can settle whenever you wish if you can find a buyer willing to agree. Generally investors would be happy for a long settlement as the price can be agreed upon now and they can receive any capital growth between now and settlement.

    Thanks for the reply guys. I have a another question.

    So to my understanding, I accept a written offer and then can have a dispute over the settlement date, so the offer then becomes non binding.

    At what point are settlement terms negotiated? Surely they would have to be included in the offer for the aforementioned reason.

    Profile photo of touchingclothtouchingcloth
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    @touchingcloth
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    January 28, 2008 - 1:40 am
    trakka wrote:
    Why do you want to sell so quickly? If it's because you believe you've made a capital gain and want to move on to another investment, then forget the FHOG and just sell it now. I just can't imagine what situation you'd be in that would make this strategy a good one for you. Perhaps you can explain?

    Hi Trakka,

    I recently built as want to sell quickly as I want to take advantage of capital gain and move to NSW  (where the FHOG is $7k as opposed to $12k here in VIC).

    The property is my PPR, and so I won't be moving onto another investment. I'll buy a PPR in NSW next year.

    So a difference of $5k in FHOGs is a motivating factor, especially seeing if I put it up for sale now, I wouldn't settle until April at the earliest (60 day terms). So thats only a 2 month wait for for June for a $5k gain.

    Profile photo of touchingclothtouchingcloth
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    @touchingcloth
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    December 3, 2007 - 9:06 am

    thanks Jonchu,

    its just that trying to get a valuation on my own home will be difficult as I only have older houses as comparables (1-3years), and mine was completed 1 week ago!

    Profile photo of touchingclothtouchingcloth
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    @touchingcloth
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    September 10, 2007 - 7:54 am

    I do live the spec end of the market, especially oilers.

    Cityview is my best hold (CVI). To cut a long story short, CVI is valued at $40mill…on a par with oil exploration companies.

    The real kcker is that CVI have inherited land which Gulf USA drilled in the 80's (20%)…with a PROVEN 60MMBLS +gas+ probability to increase resource.

    Valued as and exploration company with…proven reserves,…no brainer.

    Profile photo of touchingclothtouchingcloth
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    @touchingcloth
    Join Date: 2006
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    August 15, 2006 - 5:09 pm

    Thanks Lifex,

    Your words echo exactly what I have heard from others.

    I think you’re all right..and I’ll take things slowly .e rent for a year or so..and see what these interest rate hokes do to the market.

    TC

    Profile photo of touchingclothtouchingcloth
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    @touchingcloth
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    August 12, 2006 - 4:50 pm
    Originally posted by lifeX:

    You won’t get a house in a reputable inner suburb for $300k. Maybe a flat or unit.

    For a family home around the 300k range, I’d consider Boronia, Ferntree Gully.

    Frankston South (in the High School Zone)

    Edithvale area (near bay)

    But you want to get a hold of at least $450k to buy anything similar to your description. Then try caulfield area, brighton area, surrey hills area, many many others.

    I’d recommend renting in melbourne to get a feel for the city first. This will also help you find and secure a bargain as the pressure wont be on to buy in a hurry.

    Live, Learn and Grow

    Lifexperience

    Thanks LifeX,[biggrin]

    I would rent…but don’t want to throw money down the drain.

    Correct me if I’m wrong..but I reckon my best bet would be to buy a 1 bed appartment blind in Melbourne CBD. I’ve looked at prices and I can get one for less than $200K.

    This way I wouldn’t need to get a feel for Melbourne as anywhere in the Mebourne CBD is as good a place to have an IP as anysuburb? (i.e will have no problem renting)[cigar]

    TC

Viewing 6 posts - 1 through 6 (of 6 total)