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He actually knew its a development site...market has definitely moved since then.

Yeh 870k does make it out of proportion. Btw, this house is not in Blacktown. Also..just remembered, got a call from our contact in Mt Druitt. I was told Mount Druitt R4 zoning is being reverted back to R2 low density residential. The agent was a bit concerned. The extra ordinary meeting...

Called the owner today. He said he spoke with an agent between Sunday and today and the agent will put it on the market for $870+ in July. So I said to him our absolute max was 800k and that if he changed his mind at any stage to let us know. A tad disappointed. But obviously our letter got him...

Quick update. I managed to get hold of the vendor on phone this morning. He confirmed I knew "it's a development site". I said yes and that we intend to build our family home on there. Then he followed on to say that he already has an offer of 800k and a bit more will cut it. I doubt it though...

Haven't heard from the vendors yet. I called the agent who was following up (late last year) for us and he said they may be ready END of 2014 or 2015. I don't feel hopeful, but I will follow up tomorrow. In the mean while we picked two different agents and sent them the DD we had done on some...

Poor kitten. :p No I didn't :D

Thanks for the caution guys. We will definitely go where numbers work. Will walk away where unreasonable. Thanks for putting Pazzamatta, Sash. Really appreciate :)

Sash, this is for PPOR. So hot or not, we have to buy. Also, I never said it's R4 zoning. I don't think it's worth more than 800k at most. Only if I could move to Brissy and work in Sydney :p

A quick update. We dropped the letter in the mail box earlier...The house looks a bit done up on the outside now as opposed to the old photos on RP Data / Price Finder. At least we would have some response (I'm hoping). If it's a decline, then we'd know we can move on without investing much...

Thanks Joe. That's brilliant. Will update it in the morning and go drop off personally in their mail box :)

The agents who approached them on our behalf are different from the one who listed. The agreement would be well expired.

Thanks Joe. I have the following drafted. Thoughts? "Dear Mr. <Seller Surname>, To introduce ourselves, this is MsAli1 and MsAli2 writing to you. We are twins who live in <xyzSuburbNextDoor>. We are looking to buy a family home for ourselves <and family>. We note that your house at...

Hi all, Happy New Year!! I hope you all have your visions set for a smashing 2014! I have no doubt of achieving visions where there is strong intention, vision coupled with emotion (to keep you going). We've had our eyes on a corner lot around 1000 sqm where there is an existing house and...