was wondering if someone could reassure me..
ive been looking at a particular suburb, at 2 bdrs
now, from the ones ive seen, its quite easy to compare some of them, some are not,
eg some have the insides completetly refurbished/renovated, while others have the original,
when making direct comparisions, I usually try to compare apples with apples,
however, I ve just come accross a few, they are generally located very close to eachother, they are similar in position ie not one on main road, one on quiet street etc
however, 4 I have seen, 2 are advertising around the $380 to $420 range, 2 have a firm price of about $385k which is about what the market is right at.
one surprised me becuase the ad is quite crappy, no photos except for a photo of a park , with a short description but it says offers about $350k,
so based on the above research, if the 4 want between $380-$420k, and then another one came along that was similare, then $350k would be a good buy in my eyes. however, unless the agent is bad or the seller is motivated to sell, then I can't tell why this one may be up to $50k cheaper, WHAT AM I MISSING, I obviously havne;t seen this $350k one, but I am quite worried, that if I actually have a look at it and I walk around thinking "whats the difference" , HENCE failing in my due diligence
Im starting to feel a little more comfortable, and then comes another property which looks quite similar to the others, except the insides haven;t been renoveated, so another $5k-$30k to renovate (depending on what extent I want) but they are advertising for $450k-$500k, I just can;t see the difference between them to justify the extra $100k, ESPECIALLY when the inside is just older then the others...
the only thing I can think of is land area, however, most agents either don't know, or don't seem to be interested in telling you the dimensions, most say "dunno" or "you could come down and measure it yourself"
so any pointers would be great, I understand that I may be missing out on a fundamental aspect of it, but Im trying to learn, so I am putting my pride aside!
ive been looking at a particular suburb, at 2 bdrs
now, from the ones ive seen, its quite easy to compare some of them, some are not,
eg some have the insides completetly refurbished/renovated, while others have the original,
when making direct comparisions, I usually try to compare apples with apples,
however, I ve just come accross a few, they are generally located very close to eachother, they are similar in position ie not one on main road, one on quiet street etc
however, 4 I have seen, 2 are advertising around the $380 to $420 range, 2 have a firm price of about $385k which is about what the market is right at.
one surprised me becuase the ad is quite crappy, no photos except for a photo of a park , with a short description but it says offers about $350k,
so based on the above research, if the 4 want between $380-$420k, and then another one came along that was similare, then $350k would be a good buy in my eyes. however, unless the agent is bad or the seller is motivated to sell, then I can't tell why this one may be up to $50k cheaper, WHAT AM I MISSING, I obviously havne;t seen this $350k one, but I am quite worried, that if I actually have a look at it and I walk around thinking "whats the difference" , HENCE failing in my due diligence
Im starting to feel a little more comfortable, and then comes another property which looks quite similar to the others, except the insides haven;t been renoveated, so another $5k-$30k to renovate (depending on what extent I want) but they are advertising for $450k-$500k, I just can;t see the difference between them to justify the extra $100k, ESPECIALLY when the inside is just older then the others...
the only thing I can think of is land area, however, most agents either don't know, or don't seem to be interested in telling you the dimensions, most say "dunno" or "you could come down and measure it yourself"
so any pointers would be great, I understand that I may be missing out on a fundamental aspect of it, but Im trying to learn, so I am putting my pride aside!