Hi Guys,
Noob Question.
I have been looking around in the area of Revesby, NSW and found a sub-divided newly built free standing house with only the land size of a duplex about 200+ to 300 sqm of land size. I tried to offer mid 900k to the agent but he replied bluntly that he has substantially higher offer over 1.1m after the first inspection.
Based on recent sales I found that the properties sold recently in the same vicinity were either <950k and/or have much larger land size 500-700+ sqm. Comparative newly built duplexes are selling about the range of 800-990k. I have this feeling the REA is blowing smoke. How should I handle this? Should I find a way to bypass the REA to submit an offer? I don't want to waste my solicitor's time.
Noob Question.
I have been looking around in the area of Revesby, NSW and found a sub-divided newly built free standing house with only the land size of a duplex about 200+ to 300 sqm of land size. I tried to offer mid 900k to the agent but he replied bluntly that he has substantially higher offer over 1.1m after the first inspection.
Based on recent sales I found that the properties sold recently in the same vicinity were either <950k and/or have much larger land size 500-700+ sqm. Comparative newly built duplexes are selling about the range of 800-990k. I have this feeling the REA is blowing smoke. How should I handle this? Should I find a way to bypass the REA to submit an offer? I don't want to waste my solicitor's time.