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Has anyone heard of a group called in2property? My sister in law is looking at buying an apartment as an investment property and has a friend who has had a good experience. I haven't been able to find much info on the net other than the company web page but I am always a bit wary of groups like...

Hi Andrew. Good point. If their intention is to set off alarm bells with any potential vendors that are considering other agents, it worked with me. I wonder how many people who sell their houses, just use the standard RE contract without making amendments. Our house is in good quality, in a...

Hi, We are close to confirming a real estate agent to sell our house. We just need to sign the REIV Exclusive Sale Authority to put the wheels in motion. After researching some of the fine print conditions, it is clear that the document is for the protection of agents rather than vendors. It...

I think that you are right but I'm not sure of the correct terminology. I mean listing a property at a specific price eg. "For sale 500,000"

Hi, We are looking at putting our PPOR on the market in the next few weeks. We are firmly against selling by auction (too many properties are passing in at the moment and we don’t need the auction day pressure to lower our reserve). We have spoken to a couple of leading agents in our area...

So can you have unlicensed work examined by a professional to verify that everything is OK or will an electrician only certify work that they have completed themself?

My dad is a former electrician (he changed career about 20 years ago so no longer holds a license). Over the last five years we have got him to complete various wiring jobs (eg. downlights, powerpoints etc.) at our house. I am not worried about the quality of the work but it was still completed...

Thanks for your help everyone. I have sent her an email saying that we took the valuation as well as the price range that she quoted into account when we made our offer. Pretty vague but it does the job

Our initial offer was 10k below. Valuation was $650k and we offered $640k She has previously advised that she is after between $640k and $655k

Hi, We have recently had a valuation done on a property we are considering purchasing. We are dealing directly with the vendor and have made an offer based on the valuation. In response to our offer the vendor has asked about the valuation. Our mortgage broker has advised that we are not...

Hi, Our current PPOR is valued at roughly $450k. We have about $180k owing on the mortgage with $80k in the offset account. We are looking to upgrade and purchase a property worth $700k. We plan to use $70k from the offset (i.e. 10%) as a deposit on the property. Once we have purchased the...

It was a $75 property report. It gives you the estimated value, projected value, recent similar sales, property sales history etc. One last question. If it is possible for you to get your broker to order a free full valuation through your bank, why would you pay $500 for one (my three quotes...

Hi Rolf. I have already downloaded the homepriceguide property report. I don't trust the value but it is useful for comparable sales, history of the property etc. We have pre approval with ANZ. Are you saying that we can tell them about our interest in this property and they will give us...

Thanks Brian. We understand that the different area will affect the price. We just want the owner to understand that when we make an offer. They have said that they are after an offer in the vicinity of the other place. Sure, the house is nicer but comparable houses in the area are worth...

Hi, We were recently outbid at an auction for a townhouse. After the auction we were approached by an owner who had another townhouse in a different area of the same suburb. After inspecting the house we agreed with the owner’s comments about it being much nicer, needing no work etc. The...

Hi, We are looking at turning our PPOR into an IP and buying elsewhere. We have recently renovated the kitchen and are about to install new blinds as well as painting the rest of the house. Will we be able to claim depreciation on the renovation costs etc. or can you only claim on...

Thanks for the responses. We do have a free redraw facility. Would redrawing the extra payments that we have made and putting them back into the offset account make difference when the property becomes an IP? For example, if we have a PPOR mortgage of $250k and make 30k in extra payments we...

We currently have a PPOR and have been putting extra payments into the mortgage (approx 30k). We also have an offset account that we have been keeping savings for our wedding and some travel in (approx 20k) We are now looking at buying a house elsewhere and converting the existing property...

Hi. This isn't really related to property but I am hoping someone can help. If a tax deduction is stated to an accountant (eg. home office expenses, work related travel etc.) but he doesn't enter it on to the tax return is there anything that can be done to include it after lodgement. We...

Thanks for the response. The issue is that with the size of the kitchen a lot of cupboards need replacing. The oven is also very old, there is no dishwasher and the kitchen really lets the rest of the house down. It is liveable (we have done it for four years) but it could really be the best...