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Great! Thanks for the quick reply PT Bear :)

Hey all :) If a vendor has already specified on a blank contract that "this offer will lapse unless accepted within [10] clear business days", does this mean that I cannot put my own (much shorter) expiry terms on the offer? Ta very much for your help!

Hi all, We are looking at making an offer on a property in Geelong, subject to building and pest. Was just wondering if anyone has a good recommendation for a reliable, thorough B&P inspector? Thanks in advance! :)

Update on our auction adventures! Hi Guys, Thought I'd give an update on our situation with this property. Unfortunately, we were not successful at auction, as the reserve price was not reached and the property was passed in. The vendor actually wanted much more than expected for the...

Yes we have - that comment about having to make up the potential difference has me scared though!

Does this happen frequently? That idea really worries me! :confused: While we have a decent deposit, I don't like the idea of having to make up a big shortfall between the PP and the valuation. So if I get a valuation prior, I can use that for finance? Sorry - these are probably silly...

Thanks Aaron :) will give it a read. Love the idea of getting ahead of the agents!

Yes, good advice - think I am just going to have to grit my teeth and get over it as most of the properties we have been looking at are for sale by auction. We have been going nuts the past few months, attending auctions just so we can observe all of the procedures...I am sure the first time we...

Thanks Sheryn - you have offered me some fantastic advice :)

The only reason we ever sought a valuation of the property was to check that we were going to be able to put in a reasonable offer based on what we wanted and could afford to pay, and one that would not be laughed out of town by the REA or vendor. Except that's what they have done anyway...

Thanks for the advice, Sheryn! That is exactly the sort of buying process advice that I was looking for...although we might not go as far as organising an official valuation (going by Aaron_C's comments). We do have a good idea of the value of the property anyway, although I won't go into...

I guess I should have phrased myself better :) - we were hoping that there would be no bids at all (told you I am completely new to this)! If there are a few low bids, we are out of the running right from the get go because the bottom of their asking price range is still 10k above what we are...

Thanks for the advice folks. We did feel like giving them any kind of offer would be ignored anyway, so we will wait and see what happens at the auction. I really don't want to bid for the property at auction, as I am completely new to buying property, and would prefer to buy something...

Here is our current situation. We are very interested in a property and have done our due diligence and are quite certain that the house has been listed for about 80K more than it is actually worth. We thought we would test the waters and spoke to the agent about putting in an offer for about...

Thanks for all the responses and recommendations everyone. :) Very helpful!

Thanks for all the responses and recommendations everyone. :) Very helpful!

I always thought that Seddon was a bit nicer than Yarraville? The property prices seem to reflect this...

Thanks Propertunity :)

Not sure if this is the right place to post this...but is there anyone who can recommend an excellent buyer's agent in Melbourne? Ta very much!

I see what you're saying Zed, but all those new build CBD apartments sitting ready to overstock the market do have me a little concerned.