Recent content by darthhasbro

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    Deciding not to sell after listing

    Recently we listed our PPOR for sale with a local agent, in doing so we signed a 90 day exclusivity agreement (standard REINSW contract) We are 60 days in and our circumstances have changed, we now no longer wish to sell The agent has only brought us one very low offer which we rejected...
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    Bank valuation lower than purchase price

    Thanks to everyone for their input, the result was that I had to let the property go Going to another lender was an option, but even a revised valuation from another lender may not have been the answer as the stumbling block was not the bank but the mortgage insurer. There was no guarantee...
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    Bank valuation lower than purchase price

    Have put that back on the vendor already, I doubt I will get a further reduction but it doesn't hurt to ask!
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    Bank valuation lower than purchase price

    You guys are awesome! Thanks so much for the quick replies. I guess from what I can gather, like anything, the value is what someone is prepared to pay. Being that the property is not for investment and the plan is to stay there at least 5 years in what I believe to be a high growth area...
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    Bank valuation lower than purchase price

    Hi all, Have got alot of helpful tips from this forum while looking for our first home (yes, not an IP, but the tips are just as helpful). Looking for some words of wisdom with this issue After a couple of months research in Quakers Hill we found a property that we thought was at a fair...
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