Hi guys,
I am still fairly new to this game so need advice if anyone has had this eperience.
I am negotiating on a property. Totally trashed inside but a thing of beauty from the outside.
It is a mortgagee sale listed for 140k.
I am happy to pay this as its still very cheap but would obviously rather pay less.
My first offer of 120k was rejected and the counter offer was 139k wtf right!
The agent said the banks will not negotiate as the valuation came in at 140k. Its been my experience that the banks will still negotiate lower so I am puzzled as to their stubborness?
I upped my offer to 122k initially but they again rejected and wouldn't go lower.
So I upped again to 130k this arvo but stating I wouldn't go higher - and the reason for upping is because the rent will be much higher than I thought (240-250 I thought and 280-300 was rent appraisal.)
I know it will be gone soon if it sits on the market as it is quite hot now - so don't want to lose it - and it is easily the most compelling buy - interior just scares people I think.
How would the experienced forumites deal with this one?
James
I am still fairly new to this game so need advice if anyone has had this eperience.
I am negotiating on a property. Totally trashed inside but a thing of beauty from the outside.
It is a mortgagee sale listed for 140k.
I am happy to pay this as its still very cheap but would obviously rather pay less.
My first offer of 120k was rejected and the counter offer was 139k wtf right!
The agent said the banks will not negotiate as the valuation came in at 140k. Its been my experience that the banks will still negotiate lower so I am puzzled as to their stubborness?
I upped my offer to 122k initially but they again rejected and wouldn't go lower.
So I upped again to 130k this arvo but stating I wouldn't go higher - and the reason for upping is because the rent will be much higher than I thought (240-250 I thought and 280-300 was rent appraisal.)
I know it will be gone soon if it sits on the market as it is quite hot now - so don't want to lose it - and it is easily the most compelling buy - interior just scares people I think.
How would the experienced forumites deal with this one?
James