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What TPFKAD & Ozperp have said is entirely correct. In a hot market, which we are clearly in, you cannot rely on published sales data or reports that use it (Residex and the like) to give you a good indicator of the market worth of a property via the comparable sales method. The data is 2 - 3...

gprp, value in determined in this case by the purchaser. People have all sorts of emotional reasons for buying a property. As investors we tend to look only at the numbers. But we are only a sub-set of people who purchase property. So you are quite right - some ppl could not give a toss about...

My only comment is that when the market gets hot, like it is, I think some sales prices genuinely surprise the REAs. I know a couple of fairly honest REAs and they've sold properties many $10K's over what they thought was a top price. I know we all like to beat up on REAs for underquoting -...

Yes it is. With respect......that is insane :eek: Well take your learings, don't dilly dally around when you find a place you want to buy. Don't offer top of a price range either. Know what the property is worth before you start making offers (clauses or no) Better outcome next, I trust.

There is nothing scary for the vendor in the statements that your solicitor has come up with. Leave them alone. No, I'd advise against it. You are paying your solicitor for advice and now you want to mess with clauses he has come up with? :confused: The whole meaning of a contract clause can...