Advice needed please...
We are currently renting a townhouse and the old lady next door has just been moved into a nursing home. I saw her brother at the house and asked him if they are going to sell?
He said 'Yes' & had received valuations from a couple of agents and has been advised to put it on the market at "Offers over $550k". He has not signed with an agent yet.
I have done some research and two similar ones sold for $540k in Oct\Nov. (One sold for $553k though) so I offered him $530k.This saves me some coin and gives him a bit more than if he was to sell at $540k - agents commission and advertising fees. The offer was via a letter and he has now contacted me saying he wants to chat next week.
Could those forumites who have dealt with vendors directly give me some advice as to some negotiating tips for this situation (I could probably go $532k but not more) and maybe some conditions regarding settlement dates and access to the property for reno's.
It would be for us to live in using FHOG but then turn into IP after a reno and aiming for 450-460 bucks a week rent.
Thanks
We are currently renting a townhouse and the old lady next door has just been moved into a nursing home. I saw her brother at the house and asked him if they are going to sell?
He said 'Yes' & had received valuations from a couple of agents and has been advised to put it on the market at "Offers over $550k". He has not signed with an agent yet.
I have done some research and two similar ones sold for $540k in Oct\Nov. (One sold for $553k though) so I offered him $530k.This saves me some coin and gives him a bit more than if he was to sell at $540k - agents commission and advertising fees. The offer was via a letter and he has now contacted me saying he wants to chat next week.
Could those forumites who have dealt with vendors directly give me some advice as to some negotiating tips for this situation (I could probably go $532k but not more) and maybe some conditions regarding settlement dates and access to the property for reno's.
It would be for us to live in using FHOG but then turn into IP after a reno and aiming for 450-460 bucks a week rent.
Thanks