The opportunity has come up to purchase the rear villa in a block of three where we purchased the middle villa two years ago. The vendor has come to us with a price I think is below market value (as he would be saving on costs associated with selling through an agency) and fair.
I was wondering what people's thoughts were with the idea of doing as such, it scares me a little as it goes against diversifying, but leaves the option down the track for buying out villa one and owning the whole block.
What are things I should take into consideration?
(for those interested, the properties are at Umina Beach, NSW the block itself 150 metres away from the beach but no views)
I was wondering what people's thoughts were with the idea of doing as such, it scares me a little as it goes against diversifying, but leaves the option down the track for buying out villa one and owning the whole block.
What are things I should take into consideration?
(for those interested, the properties are at Umina Beach, NSW the block itself 150 metres away from the beach but no views)