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Well, the offer of $260K for both was rejected. The buyer is holding firm at $269K but offered to delay the sale until August to allow my parents to take advantage of the $10K grant. It will be interesting to see if they do sell for the full asking price in the next month or two! Thanks again...

Trust me sanj, absolutely no offence taken. I advised them to put in an offer of $230K each...if the developer is as keen to offload them as the agent told me, what's the harm was my thinking. At least it would give plenty of room to move and meet in the middle. Unfortunately, my mum being my...

Thanks Andrew, these are all really valid points and I'll keep researching to see if it changes the picture at all. My mum was worried about underpaying the developer (she'd give you the shirt off her own back if you told her you were cold!), but I've tried to reassure her they aren't going to...

Thanks for the feedback, I really appreciate it. After hearing your thoughts and thinking about the leap it's taking for my parents to make this first purchase, I think I was perhaps being a little bit aggressive finding them an old house that may have asbestos issues! It's easy for me to talk...

Holy cow, that is one long ol' post. Sorry!! :eek:

Hi everyone, I was hoping for a bit of advice about an investment property for my parents. They are looking to use the equity in their POR to invest in a property to try and get in a better position for their retirement in the next 5-10 years (they're 60 and 64 and really can't afford to...