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Hi Vucko, I work in real estate. The fees that you post are about right, it depends where you are selling and what the local rate is. If it is closer to the city, say Melbourne, the fees are down to around 1 to 1.5% but in rural areas it is around 3%. it should be negotiable. The advertising depends on what the local papers are charging, we can only charge the going rate and not add on- at least in Victoria. You can go to the "sell my house" web site and do it your self. Statistics say selling yourself- vendors usually sell for 17% less than by an agent. That is $17000 on $100000 property, the agents fees only being $3000. It is diffcult to find an agent. I am happy to give you feedback on what your agent is saying if you choose to go this way. I am about helping investors – not the agents! emall me [email protected] cheers
Hi Delltone, Your strategy is sound. You can build a portfolio this way. My own building strategy is to buy- renovate and sell. We are currently doing a renovation in a large regional town in Victoria. We bought a property in 98, renovated for around $50K and sold it for a total profit of over $200K. I plan to do this again and again in this large regional town. If you need help with planning person or don't have the time, drop me a line or call me 0439385217 and I will help you get started. Cheers
Hi, I have a planning person who can help you for the plans, she might also have access to developers. I also have the names of some. The planning person is Lorraine Stupak: LS Planning 93991236. She is great and will give you an idea. I also have access to planners who can get through if the going gets tough but that is for another chapter. Go forth and make units! Cheers Christine
