I have decided on a house, it is listed as going to auction at the end of October, however I would like to purchase the house before auction.
It has a price asking $270 000 + buyers
Realistically what would be considered a good pre-auction settlement price (i know this is a silly question but I am going to ask any way) ? I am happy to make an offer of up to $290k but I don't want them to know that and as the house needs work I would prefer to save as much as I can on initial purchase price and grab a bargain and put the money into reno... Should my first offer be $270k ? or would it be acceptable to make a $260k offer ?
Average house prices in the area are $290k highest sale price in area has been $490k
I think I have a bargain it is a very large size block with live able house and a house around the corner (800m) is for sale for $480k with council approval to build 4 x 1 bedroom units + study... It states on the advert that the vendors are realistic and will sell
Sorry, first time doing this and I want to make sure that I am doing as much homework as possible to ensure that I am making a good investment...
It has a price asking $270 000 + buyers
Realistically what would be considered a good pre-auction settlement price (i know this is a silly question but I am going to ask any way) ? I am happy to make an offer of up to $290k but I don't want them to know that and as the house needs work I would prefer to save as much as I can on initial purchase price and grab a bargain and put the money into reno... Should my first offer be $270k ? or would it be acceptable to make a $260k offer ?
Average house prices in the area are $290k highest sale price in area has been $490k
I think I have a bargain it is a very large size block with live able house and a house around the corner (800m) is for sale for $480k with council approval to build 4 x 1 bedroom units + study... It states on the advert that the vendors are realistic and will sell
Sorry, first time doing this and I want to make sure that I am doing as much homework as possible to ensure that I am making a good investment...