I am not looking at direct property investments at the current time.
Regarding being a ‘strong’ negotiator, I think a ‘stubborn’ one would me more descriptive. I value a property that I am interested in through my own means and then firstly offer 10% less than this and move up very slowly. I will only go to my valuation amount if I obtain a long settlement of 6 months or more but never over my valuation amount.
I would only pay above my valuation for properties I consider crucial to achieving specific business goals but the vendor would never be made aware of these.
The Mortgage Adviser
http://www.themortgageadviser.com.au
[email protected]
Essential LinksI agree with you again.
Stubdorn is good,
Firstly offer 10% less than this and move up very slowly is good,
long settlement of 6 months or more Why?
Only pay above valuation for properties consider crucial to achieving specific business goals but the vendor would never be made aware of these,
is also good.
Why 6 month settlement?
Regards6 months or more… preferably more!
The longer the settlement, the longer the time before I have to pay for the property and the more chance of the property increasing in value before I settle. This is more important with regards to negatively geared properties.
Why pay today for something you can pay tomorrow?
The Mortgage Adviser
http://www.themortgageadviser.com.au
[email protected]
Essential LinksAre I see,
Logical much the same as what we do when developing.
Buy a block with no title in a new development no title no money to pay out until titles issued.
In the mean time lock into a house plan at $xxx on the block.
Hopefully after 12 or more months 18 would be good, you have a house and land package to sell at tomorrow’s new price.
Regards
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