Recent content by marky_mark

Another thing to take into account with commissions is that gst and also franchise fee come off the top. An average split in an office is around 40% for the agent and 60% for the office. So $10,000 would get divided up $1,000 for gst, $1,000 for franchise fee, $4,800 for the office and $3,200...

I tend to agree with csc2. That seems like a very low return, i fought an average return these days would be around $500-$550 per week for a home worth around that price. Obviously there may be reasons for this, like renting to friends or family. On the selling matter, I'd also consider the...

Well said, at the end of the day all a businessman has is his reputation. If that goes then so will all prospects for future referrals.

Thanks Mona, It freaks me out when I think about how much was possible. If I'd known about goal setting years ago who knows where I'd be now. I think you'll find the important thing is to get started and read it every day. It works for everything: My wife wanted to lose weight before...

Hi Ozperp, I'm an agent not a lawyer so am speaking from past experiences. Recently I took on a property in New South Wales which was previously for sale with 2 other agents over the course of about 9 months. I sold the property to a buyer who had initially viewed the property with the...

Yes, I read it which is why I replied. I believe the question is should I pay a fee? My answer was no. Was late at night and typing on phone so maybe it didn't come across that way but basically if they didn't bring you an offer then they're not entitled the fee. This is why all offers should...

Hi Monalisa, I'm pretty much at the early part of my journey. It was probably this time last year when I sat down with pen and paper and wrote out a few goals. Some of them were as follows: • increase income • purchase first home • purchase first investment property • take overseas trip...

I believe you will find that in many instances the first agent is only due a fee if you had put forward an offer when you viewed the property with them. If you want to buy the house and are worried about any problems that may arise then talk to agent 2 and see if they are willing to split the...

I went with the asking price. All of the others are confusing for the buyer and tend to cause conflict. If the property is priced sharply in the first place then you should get your price or, in some cases where there is multiple interested buyers, a bit more than the asking price. One...

I'm a real estate agent myself and it's sad to see that we all get tarred with the same brush on this forum. I think it's appauling that he has asked you for a fee now that you've decided not to go ahead with the sale. It makes iteven worse as you have used him a couple of times in the past...

Hi Monalisa, Here you go: http://www.somersoft.com/forums/showthread.php?t=26452 I've had a look at the first couple of spreadsheets but there seems to be plenty more as you go through the thread. Until about a year ago I'd never really set any goals in my life. I was told that if I...

Thanks for your input guys. I've actually just found the Somersoft Spreadsheet Collection thread by James. I think this is just what I'm looking for. There is lots of spreadsheets for me to look through and i'm sure they will help me get a grasp on future projections. I'll start there and let...

Thanks Peastman, Don't think you're negative at all. That's actually what I'm looking for. I've read a few books but just want to get some actual feedback from people who are already doing it. Currently my first property is neutrally geared and I have about $80,000 equity in it. Over the...

I've just bought my first investment property a few months ago and I'm now trying to project what will happen in the future regarding income and also how to work out my property goals. My original thoughts were that I would like to buy 10 properties over 10 years and that would enable me to be...

Two bedroom units are starting at about $220 and go up to around $270ish. I'm still waiting to hear back from the bank on our loan at the moment so not sure if I can get that much. They have approved me for a 90% loan up to $320,000 but I'm trying to get a 95% loan so that I don't have to put...