Should I sell high yield property through buyer's agent?

Viewing 11 posts - 1 through 11 (of 11 total)

littleguy
Participant
@littleguy
Join Date: 2006
Post Count: 10
October 31, 2007 - 6:44 am
Hi everyone,
I have a high yielding property that I want to sell.
It's in a booming area and at the price I want to sell (>900k) it gives a 11-12% gross rental yield.
I'm thinking that it may be an easier option to contact buyers agents to pass this on to their clients, rather than selling through traditional selling agents.
Does anybody know whether buyers agents ask for a commission from the seller when they pass on the deal to a client?
Are there any drawbacks to selling this way?
Cheers
Chris
hschmid
Participant
@hschmid
Join Date: 2007
Post Count: 87
October 31, 2007 - 6:58 am
Most forum users would never sell a 11% to 12% yielding property.
U might get killed in the stampede if u ran an adv.
Is it comm or res.
Send me the details, I'll might make u an offer.
hschmid
Participant
@hschmid
Join Date: 2007
Post Count: 87
October 31, 2007 - 6:59 am
Most forum users would never sell a 11% to 12% yielding property.
U might get killed in the stampede if u ran an adv.
Is it comm or res.
Send me the details, I might make u an offer.
Michael4
Member
@michael4
Join Date: 2003
Post Count: 70
November 1, 2007 - 4:30 am
Hi Chris,
Send me an email with the details and as i might make an offer too!
michael
Happy_Dragon
Member
@happy_dragon
Join Date: 2004
Post Count: 8
November 2, 2007 - 12:11 am
Hi Chris,
Sound interesting. Please send me details and I may join to put offer as well. Do you have more property to sell?
You could me email on [email protected]
Cheers
littleguy
Participant
@littleguy
Join Date: 2006
Post Count: 10
November 4, 2007 - 5:07 am
Thanks everyone for your interest and advice
cheers
Chris
The Contrarian
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@the-contrarian
Join Date: 2005
Post Count: 97
November 7, 2007 - 4:44 pm
Yep… If it's still available… I would be happy to look into it also.
Scott No Mates
Participant
@scott-no-mates
Join Date: 2005
Post Count: 3,856
November 8, 2007 - 4:12 am
If it is yielding 11% what is the catch? Low growth area, nett or gross, is it about to fall down/be resumed for roadworks?
Unless there is a major defect with the property, why not use the income generated for further purchases – $90k cashflow will buy a reasonable investment portfolio
littleguy
Participant
@littleguy
Join Date: 2006
Post Count: 10
November 11, 2007 - 12:51 pm
Hi Scott,
There is no catch. The property is in a high growth area. The building is structurally sound, we have the building reports and pest reports to satisfy this. Council has been through the property to ensure that all regulations are abided by.
We do use the equity in the property as leverage for other property acquisitions.
Let me know if you are interested in the finer details Scott. There's a number of people who have shown interest and I'm happy to answer all your questions.
Cheers
Chris
elkam
Member
@elkam
Join Date: 2006
Post Count: 722
November 11, 2007 - 1:25 pm
Hello Chris
OK, now we are all curious. Do you have it advertised somewhere where we can have a look?.
If not, can you at least post the area and the sort of property it is… residential, retail, office, industrial or ?.
That much should not infringe the no ads rule I should think.
Thanks
Elka
littleguy
Participant
@littleguy
Join Date: 2006
Post Count: 10
November 11, 2007 - 9:28 pm
Hi Elka,
The property is not formally advertised as yet, and it looks like it may never need to be advertised. It is a residential property.
As far as the details are concerned, I'll send you a personal message because I have a lot of info.
Cheers
Chris