Where did you buy? If it was only $1k deposit then happy days. Surprised they didn't make you complete.
The block was in Zamia Rise (Cottage block) and was handed back just before the titles were due. We lost $2000
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Where did you buy? If it was only $1k deposit then happy days. Surprised they didn't make you complete.
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Dear PC1,
Which Perth suburbs are you referring to, please.
Thank you.
Cheers,
Kenneth KOH
Although I would have thought that a property inviting offers and therefore effectively with no price tag .
Enquiries are definetly up as there were three on Yanchep this weekend and a couple plus an offer the weekend before after months of no-one even showing up at open houses.
The block was in Zamia Rise (Cottage block) and was handed back just before the titles were due. We lost $2000
&&&&&&&&&&&&&&&&&&&&&Hi Sparky,
I was rather surprised to hear you had not sold yet, as since our decision to offload some properties in Melbourne in January this year, we have managed to offload 3 IP's.... in a supposedly down market...
Cheers,
The Y-man
&&&&&&&&&&&&&&&Hopefully over the next few days my re-finance approval against one of my properties over here will be through and I won't be forced to take an offer that is below current replacement cost and I may just pop it back on as a rental.
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Dear Y-Man,
1. You are reportedly off-loading your Melbourne properties during its current "boom" period when the market is peaking and when the local housing market sentiments are still highly positive and favourable, at this point in time.
http://www.htw.com.au/Downloads/Files/191_May_2008_Month_in_Review.pdf
2. Consequently, I personally do not expect you to have any problem selling away all your 3 properties.
Cheers,
Kenneth KOH
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Dear Y-Man,
1. You are reportedly off-loading your Melbourne properties during its current "boom" period when the market is peaking and when the local housing market sentiments are still highly positive and favourable, at this point in time.
http://www.htw.com.au/Downloads/Files/191_May_2008_Month_in_Review.pdf
2. Consequently, I personally do not expect you to have any problem selling away all your 3 properties.
Cheers,
Kenneth KOH
It was saying "peak - declining"? I think its very patchy and dependant upon suburb, individual property and the exact weekend. YM what have your selling expereince been like?
Why do you need give up the deposit? IF your offer is subject to finance, simply ask the bank give a No approval. If you signed as cash offer, they can NOT only have the $2000, the can also sue you for the difference between sale prices and your offer.