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Yes you are right bit is this not what we are trying to find in investing. Find a property with a problem. Find an answer and move foward. most would put this in the too hard basket. But if i can find an answer i may get it at a good price with heaps of add value potential.

So how would you word a sunset clause into the written offer ?

There are a couple of issues with the block. One being that it was originally a house but was changed into 3 single bed units some time before 1960( Apparently many plans where lost/destroyed around this time, this property included). So council having lost all its plans means there is no on...

Thanks everyone. You have given me some excellent information.I will give it another go. Cheers PS. Can someone explain the sunset clause to me ?

Also from a legal point of view when would this offer become binding. Is it when they verbally accept the offer or must they return something in writing. I should add also that this property has been on the market for well over a year and has had no offers for over 6 months. That i believe...

First of all thankyou for your suggestions. Mary-Sue I really dont see what is so bad about my offer. The building and pest inspection is standard for all i would say. the finance clause is standard and as suggested the valuation can be covered by this also. The council due diligence is...

Below is how i intend to word my written offer( Not buying just yet). Does it seem ok. Do you see any issues that i should change. I am open to critics.I have never submitted a written offer so i want to get it right. Cheers LETTER OF OFFER Property details: Agency...