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This is so true. We decided to move on and now looking for the next deal of a lifetime.:D

Thanks for everyone who offered the help and hints with the negotiations on the forum and also privately. Highly appreciated. A little bit update. We spoke with the other agent in the area, who knows the house and gave the owner price valuation prior them to putting it for sale. He...

Thanks FMS for running APM report for me. Update: the report stated the following: 'Statistically reliable Price Estimate Range is not available for this property.' As I said to FMS privately I do not feel so bad that I am struggling to determine the value for the property if even the...

Thanks a lot for all the good advice. The agent sent an follow up e-mail instead of the phone call :confused: He sent us the the copy of the 'intent to buy letter' with the message that just in case that we would like to make an offer... We decided not to response and we will send our...

Done all this without luck. I did the google search of using vendors the details (from sec 32), no results. According to the agent vendors has owned the property over 12 years and all records I can find are not going back that far.

The agent knows already that we like the house, so no point to pretend to be picky. But the friend is a good idea. I'll ask my friend to attend next sat. The agent has reduced the number of openings to one a week. Probably due to the lack of interest.

How can I found out how much the vendors paid? Only records that I have managed to get my hands on are for the last couple of years?

Hi Spades, you are absolutely right. Our only information about the vendors financial situation comes from the agent. According to sec 32 house there is mortgage against the property, taken in 2004. But that does not necessary mean anything. We have mortgage of $200,- against our PPOR so...

Thanks Spades for the quick respond. The vendors are downsizing. We have established that they do not have financial pressure to sell. According to the agent :D in the addition to the property they has a flat that they use in the city and the beach house in Mornington peninsula.

Finally we found the house that we are interested in as PPOR. It is going against our original house searching criteria of downsizing but we fall in love with the place and now it is difficult not to loose our heads over it... It is so much easier to buy Ips without emotional attachment. So all...