lowball or asking price?

[Big Tone]

I have a question.

I bought a three bed townhouse last year for $176000 and is currently returning $260/wk rent, another in the complex is now for sale although this is a two bedder and asking price is $200K and I reckon rent should be about $250/wk, so the question, if I pay close to asking will this help with increasing the value of my existing townhouse (based on local and previous sales) or should I try to buy it at the best possible price I can?

Big Tone

 

[Dazz]

Hi Big Tone,

I think the premium you are willing to pay on the extra unit should be guided somewhat by the size of the complex.

For example, if there is 3, payment of a large premium would seem warranted. If it was a group of 8 or 10, not really.

 

[Big Tone]

Group of 6.........

yes i reckon you are right, i am going in hungry for price,

thanks for advice

Big Tone

 

[Dazz]

yes i reckon you are right, i am going in hungry for price,

thanks for advice

Big Tone

No worries - glad to be of assistance.

Hope you'll return the same some day.

 

[Piston Broke]

But if it lowers the price of the others, you might pickup a few more even cheaper.
I sure would'nt be offering asking, maybe 170/5 not to go too low.
But do some research on any particular reason they may have for selling and what sort
of price may be accepted.

 

[Big Tone]

No worries - glad to be of assistance.

Hope you'll return the same some day.

It would be my pleasure!

 

[Big Tone]

It went for full asking price..............just to let you know

Big Tone

 

[Propertunity]

It went for full asking price..............just to let you know

Manipulating the market again Big Tone....tisk tisk

 

[Big Tone]

Manipulating the market again Big Tone....tisk tisk

Maaaaaate,..........I'm just a battler havin a go!

 

[battler]

No, that's me!!