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  1. Peter 14.7

    Buying below 'market value' - how?

    Sadly, I was a worker bee not the owner. But my example highlights that once you are very wealthy then you can make money simply by being one of the few bidders. Like the property myth of the ACI Glass Factory Site in Waterloo bought by Harry Triguboff of Meriton. Rumours from a reliable...
  2. Peter 14.7

    Buying below 'market value' - how?

    MTR's example happens rarely but it does, usually agent is vendors friend from outside the area and has no idea re price. Often other REA buy them. To secure you must be able to have 10% in your hand and strike hard before another does. Best under the market I was involved in was in my prop...
  3. Peter 14.7

    Buying below 'market value' - how?

    These examples are more value adding than below market although all very good. Knowing the market and low balling a distressed seller can work but you really need to know the real value, have finance, have deposit/equity and know the real costs and rental. Mate recently lowballed a 230k ask at...
  4. Peter 14.7

    Buying below 'market value' - how?

    http://somersoft.com/forums/showthread.php?t=89996 Buyers Agents Thread. More reading. Peter
  5. Peter 14.7

    Buying below 'market value' - how?

    Whoa there. Ok, with no disrespect, lets say you are a Newbie just learning, like we all were once. OK? This is rolled gold First step. NO 1 There is technically no such thing as buying under the market legally. What you pay, IS the market, someone pays less, that is the market. What...
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