Good luck though, if you don't get it, as you said, there's plenty more out there, and it's a learning experience.
thanks
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Good luck though, if you don't get it, as you said, there's plenty more out there, and it's a learning experience.
Kim you are getting too worked up. forget what the agent says or whatever as they are full of it, just put down what you want to pay.
You don't need to write down a deadline, your written offer can be withdrawn verbally at any time up until the agent tells you it has been accepted. So just tell the agent...mate I have seen 5 places that I like the look of, here is an offer, one of several I have made, I will go with whichever is accepted first. and my offer is $207k.... I have written it up for you so here it is, feel free to write your agency name at the top if you want a commission
So let's see you rip up or burn 3K in cash on video.
I only meant pay the extra $3K if the place is worth it and it satisfies everything you want, if it's the difference between securing the deal or not.
After vendor # 1 accepts my offer do I then immediately ring vendor # 2 and tell him verbally that the deal is off because I have accepted on another property? Confirmation please
Thanks
So really what your saying is to bluff. I'm not bad at that!
So in Perth you can actually have a couple of written offers at the same time. How does that work? If vendor #1 accepts your offer then you buy that property. But what happens if the vendor #2 agrees to your offer and signs?
After vendor # 1 accepts my offer do I then immediately ring vendor # 2 and tell him verbally that the deal is off because I have accepted on another property? Confirmation please
I think this is a very good strategy because it puts pressure on the vendor!
So if the agent thinks that I have made offers on a few properties and that I will accept the first one then he knows he will lose me for good if he doesnt make his decision soon. He already had 1 sale that didnt work out due to finance problems he might not want to have this situation again.
Thanks for your help
Would that credit refusal go on your credit record?
Marg
So let's see you rip up or burn 3K in cash on video.
I done many times and hardly ever does'nt.
When it does'nt, your are more motivated than then other party.
I like to conduct negotiations with the reverse situation.
- He also thought it was a waste of my money buying the building report and pest report. ......He repeated it a few times he thought i would be wasting my money and didnt like to see youngsters wasting their money when it wasnt necessary.
All throughout this I was pretty cool the way I acted. Did'nt give out too much info. The less the better! I didn't look too keen. At the end when he said I will find out tomorrow if its been accepted I said ok and then commented that there are a few other properties I am looking at as well so if this one does not work out and doesnt get accepted I am interested in other properties. I hope this was the right thing to say? This way he doesnt think im keen just on this one ip and that there are others im seriously thinking about too.
He may have meant that the building (at least the outside) is covered by the BC and a strata report would show up any problems with the yearly pest inspection (presumably the BC have it treated and inspected 12 monthly?), so that these two things in a unit are probably a waste of money?
Might have been better to make it subject to strata report?
Anyhows, I hope it all goes well for you Kim
Easy Innit!? You gotta digg'em outa their rat holes and bring'em out in the open to see what they got.
Sometimes I don't like to overtly repeat too often the "There's plenty places other places" line, but do it on a more subtler level.
Eg as soon as the discussion, including the offer, has finished I'd ask something like:
"Btw do you have any other properties around this price? Do you have any new listings?" or "Can I see that property you showed me the other day again please?".
Which should'nt be a lie (never tell lies, there's no need to) because you are still not sure if the offer is going to be accepted, and no point putting all your hopes in one offer.
And you may even find a better buy.
Of course walking into the REA next door or across the road and asking about IPs just as you exit helps as well.
have fun
Yeah he talked about the BC, yep and that its all covered by that. I had a look at the latest minutes he had with him, decided not to worry about making it subject to the report.
thanks
Be careful here, I'd go back and at least look at the last 12 mths of BC minutes if possible.