A fibro house on a 670sqm land with granny flat potential.
The house is in a very bad condition cosmetically.
It has 3 bedrooms, 1 kitchen, 1 living room and 1 bathroom with toilet.
The seller is asking for $390-$410.
I am thinking of making the following offers with conditions (3 of them).
Offer 1 $410,000
contract price 450,000
vendor cuts a cheque of $40,000 to fund renovation
early access to property to me to do renovation
vendor carries back loan of $80,000 at 4%/year, get $3,200 interests per year
Offer 2 $400,000
contract price $440,000
vendor cuts a cheque of $40,000 to fund renovation
early access to property to me to do renovation
Offer 3 $398,000
contract price $440,000
vendor cuts a cheque of $42,000 to me to fund renovation
Offer 4 $390,000
contract price of $390,000
Has anyone of you made this kind of offer before?
Is there anything you can see might be a problem?
Can there be any improvement to my offers?
Any comments will be appreciated.
The house is in a very bad condition cosmetically.
It has 3 bedrooms, 1 kitchen, 1 living room and 1 bathroom with toilet.
The seller is asking for $390-$410.
I am thinking of making the following offers with conditions (3 of them).
Offer 1 $410,000
contract price 450,000
vendor cuts a cheque of $40,000 to fund renovation
early access to property to me to do renovation
vendor carries back loan of $80,000 at 4%/year, get $3,200 interests per year
Offer 2 $400,000
contract price $440,000
vendor cuts a cheque of $40,000 to fund renovation
early access to property to me to do renovation
Offer 3 $398,000
contract price $440,000
vendor cuts a cheque of $42,000 to me to fund renovation
Offer 4 $390,000
contract price of $390,000
Has anyone of you made this kind of offer before?
Is there anything you can see might be a problem?
Can there be any improvement to my offers?
Any comments will be appreciated.