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    Should I buy my next door neighbour out?

    Hi Kristine, Thank you so much for that, I really appreciate your response, that has helped me heaps in thinking which way to progress. I was thinking by handing over a deposit of say $1k with a Heads of Agreement that might be enough but from the below I can totally see where you're...
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    Should I buy my next door neighbour out?

    Thanks heaps for all the advice guys. Going to go over probably on Thursday night to let her know we'll buy it for $350k as agreed. Looking forward to it :)
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    Should I buy my next door neighbour out?

    Great reply Peter, thanks very much. Would love to talk to you further one day about developing etc, as this will be my first. We've decided to pay the $350k they want but my thing now is trying to close this sale asap, I don't know legally what I need to do in order for the property to...
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    Should I buy my next door neighbour out?

    Thanks guys. No idea regarding the legalities. I know the dead man left his brother in-law as power of attorney over the assets so I know he's the one to sign-off on everything etc but the wife is the one who's calling the shots etc. I think my main aim is to get a contract of sale signed...
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    Should I buy my next door neighbour out?

    Update for you guys. Unfortunately the father gave up and passed a couple weeks ago. The wife called me over during the week and said what we'd offer, I re-iterated our budget is $340k and the most we'd pay is $345k, told her to go away and think about and that I could offer them whatever...
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    Should I buy my next door neighbour out?

    devank, Good point, haven't check this but surely Brimbank would have no issues with amalgamating 2 lots, it's quite common these days isn't it??? Thanks
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    Should I buy my next door neighbour out?

    Good idea guys, I'll def offer that to them next time I speak to them
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    Should I buy my next door neighbour out?

    Yep got that one, but fact is it's probably not in any state to rent esp with the kitchen so any money we can save will need to go on the Reno! Fingers crossed, let's see how it goes I guess. They still haven't even found another house in Melton yet so still a while to go but it's looking...
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    Should I buy my next door neighbour out?

    Thanks heaps guys, appreciate it :) The update is that our neighbours actually called us over tonight for a chat which was a great sign, they contacted us which what we wanted. It also gave me the Op to see their house from the inside for the first time. I must admit the house was a bit...
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    Should I buy my next door neighbour out?

    Hey guys, Great discussion, thanks very much for your input, much appreciated :) I'm at the point whereby I'm waiting for them to come back to me, they have found a cheaper place to move into for $250k in Melton they said yesterday and the initial estimates they were stating was around the...
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    Should I buy my next door neighbour out?

    Thanks guys, I'm pretty certain the numbes stack up nicely, my broker and financial advisor seems to think so!!! Yeah well they want a quick sale because unfortunately the father has only 5-6 months to live and he wants to set-up his family in cheaper Melton asap as they found a nice newer...
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    Should I buy my next door neighbour out?

    Thanks PropertyUnity, hopefully we get it then. Fingers crossed!!!
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    Should I buy my next door neighbour out?

    Hi, There seems to be an opportunity for myself to buy out my next door neighbour. I am currently doing plans now for my property but I'm thinking of halting these to buy my next door neighbours as I think that would be a better idea. Both properties are 15m x 45m for a total of 700sqm...
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