Im currently trying to negotiate a property,
and ive low balled, naturally it was rejected, I have a certain price that I am willing to up to but its at least 10-15% lower then what I think and the agent has hinted they will accept!
My price is based on market research, compartive sales and potential,
that been said all the young REA keeps on going on about is how much it was independantly bank valued at 6 months ago in a quiet market and how much an independant rental appraiser who specialises in that area has valued it....
here are my arguments, ive had 2 valuations done on a completely different property in a different suburb by different people on the same day and it came up to $100k difference, we are talking i nthe $500-$700k price range, so hence it doesn't mean anything in terms of trying to convince me to pay more!
2nd point is that the rental, the claim of $420 per week, if you do a re.com.au search, its basically the 2nd most expensive rental there, other properties that could be considered slightly better, are only asking $350 per week, so that is before negotiations..
so my question is, can I say to the agent, well put your money where your mouth is and get me a tenant at $420 per week, even $380, and I ll add another 10% to my offer price????
can a contract be drawn out to incorporate this??? or it just doesn't happen??
and ive low balled, naturally it was rejected, I have a certain price that I am willing to up to but its at least 10-15% lower then what I think and the agent has hinted they will accept!
My price is based on market research, compartive sales and potential,
that been said all the young REA keeps on going on about is how much it was independantly bank valued at 6 months ago in a quiet market and how much an independant rental appraiser who specialises in that area has valued it....
here are my arguments, ive had 2 valuations done on a completely different property in a different suburb by different people on the same day and it came up to $100k difference, we are talking i nthe $500-$700k price range, so hence it doesn't mean anything in terms of trying to convince me to pay more!
2nd point is that the rental, the claim of $420 per week, if you do a re.com.au search, its basically the 2nd most expensive rental there, other properties that could be considered slightly better, are only asking $350 per week, so that is before negotiations..
so my question is, can I say to the agent, well put your money where your mouth is and get me a tenant at $420 per week, even $380, and I ll add another 10% to my offer price????
can a contract be drawn out to incorporate this??? or it just doesn't happen??
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