Hi my neighbour and I are considering whether it is worth offering our homes to a developer. We would have about 1300 m2 between us on Nepean Highway in Cheltenham Vic. The real estate agent has strongly advised against going down this path but I wonder if it’s because he misses out on commission if I sold my house to a home buyer. Is it worth investigating and if so, which developer is worth contacting? Note the estimated value of my house on land is 1 mill. Your comments and insights would be very much appreciated! Thanks in advance.
Yes worth considering.
I have a client going through this at the moment in Sydney and he is looking at getting double what the property is otherwise worth.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
What reason did the REA provide for being against it?
Ethan Timor | Aligned Finance Pty Ltd
http://www.alignedfinance.com.au/
Email Me | Phone MeActive Investor & Broker; Based in Northern NSW, servicing Australia wide; Author of '34 Proven Ways to Maximise Your Borrowing Power' (download free from our website)
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