Hi All,
Just like to share my experience over the w/e concerning a 2bdr, 1bath, 1 LUG, cabity brick in unit at Northgate –you can view its details here
http://www.realestate.com.au/cgi-bi...eader=&c=39155091&s=qld&snf=rbs&tm=1163399478
Anyway, I rock up to the open inspection on Saturday morning (10-10:30am)….the unit itself needed some minor work….its not unlivable at the moment (currently tenanted until March 2007 at $190 a week with the tenant quite happy to let minor renovations take place), but could do with a new kitchen, bathroom vanity, shower screen and some paint touch-ups above the shower area where there's peeling due to moisture…nothing major – I approximated around $6-8K of work….so I get talking to the RE Agent (Ray White Nundah) and he tells me its been on the market for 4 weeks…was originally listed at $249k but he managed to convince the seller to go down to a reasonable $199K + offer price….I ask would something in the mid 190’s seal it?...he says the seller won’t take it and that he had an offer at $195k last week and he rejected it.”…I go “So what figure is he looking for?”…The RE Agent replied “$199k, that’s what he told me”….to cut a long story short, I leave the open inspection, do a little bit of number crunching and realise this property has some real value at that price….so I head to the Ray White office and put down an offer - $199K, $2K cash deposit, 21 day finance, 40 day settlement…and then I wait….this is where it gets interesting ---> Sunday morning comes round, and the RE Agent calls to say the owner changed his mind, he now wants $205K….lol…..HE WENT UP IN PRICE!…..you got to be kidding me!….I asked the agent how does that work considering he told me that $199K would buy the place…then the Agent goes on to say how this seller is one of the worst procrastinators he’s seen….a time-waster...he advised me to walk away from the deal cause there was no way this guy was going to budge….so I did….
Btw, I looked on RPdata and the same property sold back in 1997 for $69K….WOW!....talk about an increase in capital gains…
Grubar
Just like to share my experience over the w/e concerning a 2bdr, 1bath, 1 LUG, cabity brick in unit at Northgate –you can view its details here
http://www.realestate.com.au/cgi-bi...eader=&c=39155091&s=qld&snf=rbs&tm=1163399478
Anyway, I rock up to the open inspection on Saturday morning (10-10:30am)….the unit itself needed some minor work….its not unlivable at the moment (currently tenanted until March 2007 at $190 a week with the tenant quite happy to let minor renovations take place), but could do with a new kitchen, bathroom vanity, shower screen and some paint touch-ups above the shower area where there's peeling due to moisture…nothing major – I approximated around $6-8K of work….so I get talking to the RE Agent (Ray White Nundah) and he tells me its been on the market for 4 weeks…was originally listed at $249k but he managed to convince the seller to go down to a reasonable $199K + offer price….I ask would something in the mid 190’s seal it?...he says the seller won’t take it and that he had an offer at $195k last week and he rejected it.”…I go “So what figure is he looking for?”…The RE Agent replied “$199k, that’s what he told me”….to cut a long story short, I leave the open inspection, do a little bit of number crunching and realise this property has some real value at that price….so I head to the Ray White office and put down an offer - $199K, $2K cash deposit, 21 day finance, 40 day settlement…and then I wait….this is where it gets interesting ---> Sunday morning comes round, and the RE Agent calls to say the owner changed his mind, he now wants $205K….lol…..HE WENT UP IN PRICE!…..you got to be kidding me!….I asked the agent how does that work considering he told me that $199K would buy the place…then the Agent goes on to say how this seller is one of the worst procrastinators he’s seen….a time-waster...he advised me to walk away from the deal cause there was no way this guy was going to budge….so I did….
Btw, I looked on RPdata and the same property sold back in 1997 for $69K….WOW!....talk about an increase in capital gains…
Grubar
