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    HELP!! Both vendor and I have agree on price but.....

    As Milne Said, not normal but does happen. Yes I have heard it before, but rarely is it the real truth. Once contracts are unconditional neither party can change their mind or change conditions without penalty. No, if the home burns down you do not have to buy it. I trust you get a...
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    How do you value a prospective investment property?

    It’s funny…Everyone wants a bargain. When they are selling, they want 10% above what the market indicates. I would define a bargain as a price below what the target market would pay. You purchase a property for $320,000- great. But you’re the only buyer who was prepared to pay that price. If...
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    Dealing with RE agents (as a beginner)

    Good day Bob. I am an agent. I can’t speak on behalf of all agents but I don’t have any ‘tricks’. Speaking and treating people as just normal human beings seems to be the best strategy. Many agents share my theory. As for buying, there is no one correct strategy when buying property. Each...
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    Vendor Advocates... Thoughts?

    We all have to make a dollar... Some dollars are just easier then others.
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    Vendor Advocates... Thoughts?

    Sorry Tobes, I don’t get access to the vendor as I deal directly through the VA. I could stand on my high horse, refuse their business and cut my nose to spite my face. No thanks. If their doing something wrong (which I doubt they are) that’s their problem. It doesn’t affect my ability or...
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    Rental property only tank water who pays to fill tanks at start of rental

    It has always been the case (well with my office) that the tanks are filled prior to lease by the owner and the tenant must fill the tanks when leaving. So after the first time leasing the property, the tanks should always be full… Simple. Last time I was on tank water I was living at Rouse...
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    Vendor Advocates... Thoughts?

    Toby, I am doing the right thing. Also, I dont take any referals. What the VA does behind the scenes is little concern to me and irrelevant to my duties as a selling agent. I work in the best interest of the vendor regardless if it were Hitler giving me the referral or the Pope. Regardless...
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    Vendor Advocates... Thoughts?

    @ Milne, Being a V.A, I would expect that response. You have to defend your job title, I understand. But you won’t be convincing me. I’m sure you’re a good kid; I mean you look Justin Bieber so you at least look trustworthy, you probably give to charity and help old ladies cross the...
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    Vendor Advocates... Thoughts?

    I agree with most of this article except for the bit that claims valuers are “conservative”. That’s bull****, they’re only conservative compared to agents who in most cases, tell vendors what they want to hear.
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    Vendor Advocates... Thoughts?

    A vendors advocate is basically an agent who employs another agent on your behalf. If that sounds like a good idea to you then I don’t know what else to say? Generally, they only have a small group of agents who they work with. Most of the time, they have already selected the agent before you...
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    Appraisals

    Usually, it's the agent who quotes the lowest who is the most accurate.
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    Should I keep the pool???

    In summertime, its not unheard of to achieve an extra $50 a week for a pool. On the other hand its an extra thing that can break and cost you money.
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    Auctions, wasting time and money to only benefit Agents.

    You and me both brother! And the online auction system would only encourage sellers to use the highest agent.
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    How to phrase offer?

    It is really the agent’s job to be bringing the comparables. Whether they do it or not is another story. As a vendor, although you may not admit it, subconsciously you believe your home is the best! So if some buyer was to give you evidence suggesting otherwise, you may take it personal. Try...
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    Property Access during cooling off

    Mr Burns, In NSW, the point of a cooling off period is to give the buyer time to get their pest/building reports and valuation done. Maybe you should move here? I’ve never had a vendor refuse access, I guess that’s because they want to sell. Or maybe I just have lovely vendors?
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    Auctions, wasting time and money to only benefit Agents.

    Yes I see now! Agent 3 still gets the business. And in the real world, you will not usually get a 2.5% variance between 3 agents. Even if the punishment was death. Your example, if it’s even true, does not represent the outcomes for everyone. The agent may drop their original price, and I...
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    Auctions, wasting time and money to only benefit Agents.

    @Online auction, From the very start I knew your system was flawed. I wasn’t going to say anything but since you go around bashing agents you can have some of your own medicine. I will put it simply as possible. The online agent system only encourages a vendor to use the agent who quotes...
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    Good REA in Mount Druitt?

    Yes, exclusively sell your parents home through the few bargain hunters on this forum. Yep, that will get them the best price. Yes, use online auctions strategy who’s hatred of all agents, has formed a system which only encourages vendors to over-price their home. God, sometimes I feel like...
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    By negotiation

    You just assumed I do this? Actually, it’s a very rare method. Around 1% of agents do it. If any buyer wants a contract I’ll email them one within 5 minutes. I’ve never asked for ID except when a buyer is registering at an auction. If a buyer doesn’t want to leave their details I don’t...
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