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  1. J

    Neg's with stubborn banks!

    Will do thanks for that. Will travel anywhere for the cheapest but best...
  2. J

    Neg's with stubborn banks!

    Rental appraisals were 280-300. I think I can reasonably expect 280 after renovations. Will post seperate thread in the coming days but basically: My only issue at this stage is - buy in Adelaide or buy cheaper in Sydney and get it down to Adelaide (I don't have a car big enough)...
  3. J

    Neg's with stubborn banks!

    RP data says 730 odd and 750 odd. Even if one is bigger and one smaller it doesn't really matter as I now own both. Will look to develop in 10 years or so (multiple semi's or hopefully many units)
  4. J

    Neg's with stubborn banks!

    So................. Finally the deal is done!!!!!!!!!!!!!!!! Yay for me. Only problem now is another of my properties is playing up (see other 'nervous please help' thread - would appreciate any advise too as I am a novice with R/M) Secured the house for 135k And the one next door...
  5. J

    Neg's with stubborn banks!

    They sure will be fighting after they realise I and my family and eventually my clients will be buying many properties with them over the years :) The % fee doesn't matter to me - 7.5% is ok with me - I will be fighting to get letting fee to $0 instead of 1 or 2 weeks though. Will just get...
  6. J

    Neg's with stubborn banks!

    I am nice to every party always - just very firm on the price and conditions. I even have the agent helping with the reno! Probably not for long but all the agents are fighting to manage my property so thou who tries hardest wins! Another agent I owe a few beers for the trouble I have put...
  7. J

    Neg's with stubborn banks!

    I am a nightmare purchaser as its my job to find the best deal in Australia at any given time! So I want it the best price and the best conditions if I can get them. Nice in person though - but a rabbid dog in business!
  8. J

    Neg's with stubborn banks!

    Even if its mine a few days after and nobody is there anyway?
  9. J

    Neg's with stubborn banks!

    Yeah I understand i shouldn't but what's the worst that can happen?
  10. J

    Neg's with stubborn banks!

    Well with my early access clause I can have tradies come and do work. I will consider myself a tradie working 24/7. Can I get in trouble for that? Its not like the bank is going to send a spy...
  11. J

    Neg's with stubborn banks!

    Ok Dazz I suppose you are right - I will one day be in a position of great power though :cool: I am paying top dollar because it is near listing price. Just because they idiotically listed under market value doesn't mean I am acknowledging it with the agent! Got it for 135k (surprisingly)...
  12. J

    Neg's with stubborn banks!

    Yeah thx I realise I didn't approach this deal the best :) But as I am paying top dollar (close to listing price but still well under value) I am in a position of power to negotiate early access/3+ month settlement. Still working on all details but will update once contract signed.
  13. J

    Neg's with stubborn banks!

    I could still get tradies to come in though right? I will just be a 'tradie' too. It is vacant possession at the moment so there is no reason to not allow me in early. As for getting renters in early - I will propose it to the REA then the conveyancer and if it cannot happen can I just...
  14. J

    Neg's with stubborn banks!

    Hi everyone again, Further to what boods said - is there a way I can get a clause i the contract to allow for early access - and then if reno is finished before settlement that I can get renters in there (and keep the rent?) Anyone had this pleasant clause?
  15. J

    Neg's with stubborn banks!

    Yeah I get your point now Aaron (2nd time you've taught me about tyre kickers - 1st time it registered - I have obviously acted like one in this scenario).
  16. J

    Neg's with stubborn banks!

    Warren Buffett never pays over the odds for even the best companies. He is not even happy with underpaying. Unless he is severely underpaying he won't look at it. I am somewhere between underpaying and severely underpaying (at 125k it would have been severely). I guess I will have to...
  17. J

    Neg's with stubborn banks!

    So you think I should've gone in at 130k instead of 120k to start? I regret not doing this as I think what you are saying is correct - they started to get annoyed after the first offer was so low. Normally that 120k offer would be too high for me! Just dealing in different markets I suppose.
  18. J

    Neg's with stubborn banks!

    I know 2.5k is nothing to you Aaron - but if you were me what would you do?
  19. J

    Neg's with stubborn banks!

    I am certainly not trying to act like one - I am just trying to get the best price to ensure my margin of safety is that much bigger.
  20. J

    Neg's with stubborn banks!

    So I got them down to 137.5k Little victory I suppose. Normally I would be firm and insist on my price (125k or under most probably). And given enough time and no competition I would most probably get it. However with the interest rates coming down I fear if I leave it until the open...
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