Recent content by Hypnotic Cat

  1. H

    Seeking advice / points of view on my situation

    Thanks for your replies.
  2. H

    Seeking advice / points of view on my situation

    Hi forum members, I'm looking for some advice / different points of view on my situation: I have a PPOR in a great location within 4km of a city centre valued at about $600k. My mortgage is $140k. I have $90k sitting in 100% offset account at 4.35%, 2 years fixed. I am currently...
  3. H

    Who will you leave it all to?

    Have no kids, but quite a few nieces and nephews. Of those there's really only 3 of them that I feel connected enough to, to want to leave anything to. At the same time I don't want to hand it all to them on a plate, as I don't think that will teach them much of value in life. As a lasting...
  4. H

    how to make $110k 12mths without quitting my day job

    Congratulations, well done - even if not the profit you were hoping for. The best thing about this kind of project is the experience you gain which you can apply to future projects. Have done a few renos, they always cost double what you think, there's always hidden (and expensive) surprises...
  5. H

    First and final offer.

    I agree, 'best and final offer' sounds much better than 'first and final'. However, I don't see how that is going to put any pressure on the vendors. I think, if anything, you are putting pressure on yourself. It always depends on how much demand there is for the property in question and in a...
  6. H

    How can we afford this?

    Find a place that you can actually afford without risking everything you've ever worked for? :) Surely there must be other suitable properties in a lower (affordable) price bracket? It's too easy to get 'one-itis' and get stuck on one property only (last year I almost did the same by going for...
  7. H

    Tips please - how to win sale by set date

    My best and final offer was 2 minutes before the so called deadline.
  8. H

    Tips please - how to win sale by set date

    Like I said I'd already put in my best and final offer. Agent's behaviour only became offensive once I called him on reneging on his verbal agreement and I refused to play his game. The other thing is, I know full well the 'deal of a lifetime' comes around roughly once a month. Within 2...
  9. H

    Tips please - how to win sale by set date

    Agree. The trouble with these 'best offer' scenarios is half the time, they are not. Early this year I looked at an IP in Henley Beach, SA. I asked the local agent to clearly explain to me the offer conditions and he said, "It's one chance only, so submit your best and final offer in writing...
  10. H

    Property price in USD

    Looks overpriced by about $18m!
  11. H

    How Much Do You pay for Conveyancing

    Paid $630 on sale and $630 on purchase in SA. They did a good job and were very good to deal with.
  12. H

    Buying at Auction - best technique

    From personal experience of buying at auction, here's my 2c worth: - Get there early, have a last look at the property. - Get a good spot so you can see who's bidding and when. - More important than anything, know your max price and stick to it. - Bid confidently. Don't give away too much with...
  13. H

    What to do now? (post B&P)

    I did not say the purchaser *must* spend the $10k. The OP listed the estimated expenses which amount to $10k, the implication being this is money they will have to spend to get the property up to scratch. Clearly, the expenses for this particular investor (who state they are new to property...
  14. H

    What to do now? (post B&P)

    This is my take: Depends whether you still see value in the overall deal with the $10k of unexpected expenses. If you do, then sign the contract. If you don't, tell them you've reconsidered and are going to exercise your cooling off rights (if you have cooling off period). Leave it to them to...
  15. H

    Split system aircon in Sydney

    In my last property I had a Panasonic split inverter system. Ran like a dream and never had a single issue with it in 12 years. Cost a bit more upfront but I think it was worth it for lower maintenance (in fact nil), energy efficiency and lower running costs.
Back
Top