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@ Westminster - What I have done is no different to what your BA did for you? All you did was really pay for an RP Data search.... As the property was purchased very long ago there are no contact details in Rp Data, I can't do a title search as I mentioned its a deceased estate and so the...

Firstly, the agent cheated the vendors when they said it was possible to get the listed price. It's been almost 90 days with no sale. Why should an agent deserves almost $10k because they listed a property on real estate.com.au and just sent me a contract...

Hey Need advice about crunching a deal. There is a property and it has been on the market for about 85 days. I requested the agent to send me a contract and seeing as there was no contact to the vendor I emailed the solicitor asking to ONLY pass my details onto the vendor seeing as the 90 day...

Yep find out your borrowing capacity

Any update on being able to build shed first then granny flat later to get around set backs?

if the rear boundary is the one in yellow does that mean I have to be 4.5m away to build?

I have attached a photo for better clarification. The red is the property and the blue are all streets. There are no lane ways.

Thanks for that The property is not on a corner but has street frontage on the rear. So from my understand the block is 500m2 so it has to have setback of 4.5m if I want to erect a granny flat.

Hi guys I know there are lots of threads on granny flats but I can't seem to find the answer to a problem I have. If the rear of the property faces a street (not a lane way) what is the set back? Because it is the rear of the property is it 3 metres or is it the average distance of the...

Get rid of your mortgage broker, if they are using an online valuation tool to value your property they have no idea. They are most likely a dinosaur and to get up to speed they were sucked into buying into the online rp data valuation thing.

For $300k? You are most likely looking at a unit unless you head far away to area's that are considered part of the Greater Sydney area but are not Sydney for a house. Best way to get CG and continue building your portfolio is to buy a run down property, fix it and then hopefully with ur...

Do you mind sharing with us who the property and finance company is?

Section E is if the property sells for MORE than the appraised price. You are using the wrong formula to calculate the penalty. Section F refers to the penalty. The form rewards agents who get a higher final sale price than they originally quoted but penalised if they get less. I ran the numbers...

Ahhh Would you like me to apologise for that post? It was a brain waive that I thought seeing as the same practice takes place in commercial property. Face and Effective rents. Landlords always add incentives to so they can increase the rent and in turn increase value. If I offended...

Wow.... Lots of miss information in this thread. Really??? You are just going to take that comment in blind faith just because you are prone to confirmation bias? The extra ................... makes the comment look like the person is being sarcastic but none the less taking a random...

Check out this attached file. It is a new commission structure form I used that actually worked quite well. Get your solicitor to go over it but it virtually punishes the agent for over quoting and rewards them for getting the best price for your property.

You are looking at the value the wrong way. You need to understand that property can't be technically valued like a stock can. All you can do is look at what comparables have sold for when it comes to residential. www.onthehouse.com.au is a good site for this. Find something you like in...

Hi guys I work within the industry and am in the middle of developing a website specific for property developers and builders. The website is a portal to allow you to connect with your agents that you have already assigned to sell your developments. The website functions will include: - A...

I wasn't horrible, I was telling the truth. Putting yourself into over $500k worth of debt because it socially normal is not right. Any monkey can see that an OTP purchase in Melbourne will end in tears. 25% of OTP contracts crash in Melbourne's fringe estates because people are over paying...

If you need 4-5 months to organise finance then your broker is not a good broker. Yes, its great to be prepared but for the OP he shouldn't worry about finance until March 2013.