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    Normal for a buyer to sign contract upon viewing?

    Our agent had arranged for an interested buyer to come and inspect our property (private inspection) tonight at 6pm. This was arranged yesterday at 5.30pm. At about 11am today, our agent told us the buyer had cancelled the inspection as he had bought elsewhere. He was apparently interested...
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    Here is my property listing!

    How strange and exciting to see my own home listed for sale online. http://www.realestate.com.au/property-apartment-qld-surfers+paradise-109437766 And yes, yes, we are still going with the original auction idea. We're ok with that now. Feedback on the ad and pics please!! We have spent...
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    Our place is for sale!!

    Wow, finally. How scary this is. Hopefully it will end up with a good result and we can move on and find a place we truly love. I actually feel guilty, and like I'm betraying my home, trying to sell it. How silly is that, eh? Anyway, once the ad is ready, I will post it on here.
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    Confusion about bank valuations

    So the agent who is selling our property (YES, we are finally SELLING! Check my other thread for more info) brought around information on our dream home that we want to buy (which is still probably out of our reach, but we can hope, for now), and the bank valuation figures were very strange...
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    Real estate agent commissions & fees

    So...in QLD it is standard for the first $18,000 to be charged at 5% and the remaining amount charged at 2.5%. Plus GST. *groan* Is this commonly IN ADDITION to paying separately for advertising costs and professional photographer? Or should that commission just be for everything? And you pay...
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    What would you do?

    Just curious to see what people would do in this particular situation... You own a fairly standard but quite nice 2 bedroom, 2 bathroom, 2 balcony apartment on the Gold Coast, about 10 minutes from the beach (walking distance). You paid $343,000 in May 2008 (this includes stamp duty and...
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    Why DON'T tenants pay water rates?

    I was very pleased when I was a tenant that we didn't have to pay certain bills, like water rates, council rates and strata fees, but...why DON'T tenants have to pay these?? Especially water rates. I don't understand why water is any different to other consumable bills like electricity, gas...
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    What do you think of this?

    THIS is my dream home. It is perfect for everything my partner and I need, in terms of practicalities AND that "feeling" I need in order to be blissfully happy in a property. Ahhhhh *basking in the glow of property-love* http://www.realestate.com.au/property-unit-qld-mermaid+waters-109075316...
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    Ridiculous strata fees gripe (again)!

    I recall someone on this forum once said the strata fees for a building should be fairly in line with their purchase price. So if you paid $330,000 for the property, the strata fees could be around $35-$40 a week perhaps. Well. Firstly there is my own complex. We paid $337,000 and the strata...
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    Selling first...is it ever a bad idea?

    Selling first with no potential new property to purchase? The wise thing technically is to sell before you buy, right? Everyone says this. Especially in this flat market, never buy before you sell. But has anyone who has done it ever had problems with this? We are thinking of putting...
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    Possibly the most terrible offer ever made!

    Alright, so we like a property. It was originally $369,000, then it came down to $349,000, went under contract (I think for $359,000) but finance fell through, and now it's back on at $349,000. So...we have inspected the property twice, and like it. We're not IN LOVE with it, though I must...
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    How low is too low?

    I know probably this isn't an answerable question, but I thought I'd ask anyway. We like a property that is listed at $369,000. It appeared on the market last Friday and was open Friday - Sunday for 45 minutes each day. We inspected it on the Friday and not a single person came through while...
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    Agent refusing to tell us body corporate rates

    We looked at a property a few weeks ago, liked it and so enquired about the body corporate rates. We obviously need to know how much they are so we can work out if we can afford to pay them if we were to buy the property ($30 a week is average for similar properties in the area, but who knows...
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    What classifies it as an investment property?

    We are considering purchasing a property and moving into it as soon as possible. This would be our second property purchase (not first home buyers), and until we could sell our existing property, we would consider renting it out (we expect it might take a while to sell, in this market on the...
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    Selling a property to a real estate agent?

    This may be a really stupid question, but when a real estate agent purchases a property, is there any sort of different procedure that has to take place? Can they buy the property through the same agency they work for? Can they sell it themselves, with no third party agent involved? We’re...
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    Disadvantages of Apartment Living

    This post (sorry if it's off topic) concerns bills. Mainly water bills. We are in a block of 15 apartments and we pay (rightly) one 15th of the building's total water bill, for water used by the building. (we pay our own wastewater charge though, separately) Now...some questions /...
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    Good conveyancing-only companies in QLD? (Gold Coast)

    Last time when we bought, we went through a lawyer who my mum’s friend uses, and while they were very nice, OH MY GOD, the cost! It cost us over $8,000 to buy our place, and this included the searches, the conveyancing aspect and drawing up contracts between my mum and us (she’s our lender, no...
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    Neil Jenman’s theories on real estate

    I bought this book second hand a few years ago, when we were interested in buying a property, and it’s called something like 10 Mistakes in Real Estate and how to avoid them or something, and it’s by Neil Jenman. Anyway, I dug this out and have been re-reading it cause now we want to sell, so...
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    Tax to pay on sale of property?

    Just a quickie. The costs when selling a property as far as I know are… 1. Conveyancing fees for selling 2. Agent commission So they both reduce the total sales price achieved. But what about tax? I read another thread about this, but wasn’t sure if it applied to my own situation...
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    The Gold Coast Market is Very Sad Indeed

    Of course I already knew this, but we bought our place back in May 2008 for $337,000. It had already been reduced from $357,000. A place in the unit 2 floors above us (top floor, we're ground), which is partially renovated, went to auction 3 months ago and was passed in at $310,000. They paid...
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