A couple looking to move on from their 3 bedroom weatherboard home in Kingston did it all the wrong way around. They have bought their new home and forgot to sell thier old one, oops!!
Now its time to pull the plug, so to speak, as if they dont get cash for their old house in the next week and a half, they will loose the new dream home.
Not the way you or I would usually do things but this is an example of how desperate sellers can be a real boon to investors.
The house for sale is in good condition, and is well located at only 25 mins south of Birsbane's CBD in the rental belt. Listed until now at $185k,that in itself should have moved this one. The desperation of the owners come into play at this the 11th hour and they have dropped the price a further $20k if someone is cashed up and ready to go.
Now at $165k and needing the money, who knows what this could end up as. Now from what Im looking at this is a good developement as it allows any purchaser to reap at least a $20k margin off thier purchase immediately.
The market is sluggish admittedly, but with townhouses and units here having a massive 9% growth in the last quarter alone, it would be reasonable to assume that long term this could be a great buy.
This is available now and is definitely food for thought. I cant buy everything so why not let someone else cash in. I just bought 2 in tassie last month and am off to Brizzy for a reno later this week, so no time to ponder this option just move on.
DD1
Now its time to pull the plug, so to speak, as if they dont get cash for their old house in the next week and a half, they will loose the new dream home.
Not the way you or I would usually do things but this is an example of how desperate sellers can be a real boon to investors.
The house for sale is in good condition, and is well located at only 25 mins south of Birsbane's CBD in the rental belt. Listed until now at $185k,that in itself should have moved this one. The desperation of the owners come into play at this the 11th hour and they have dropped the price a further $20k if someone is cashed up and ready to go.
Now at $165k and needing the money, who knows what this could end up as. Now from what Im looking at this is a good developement as it allows any purchaser to reap at least a $20k margin off thier purchase immediately.
The market is sluggish admittedly, but with townhouses and units here having a massive 9% growth in the last quarter alone, it would be reasonable to assume that long term this could be a great buy.
This is available now and is definitely food for thought. I cant buy everything so why not let someone else cash in. I just bought 2 in tassie last month and am off to Brizzy for a reno later this week, so no time to ponder this option just move on.
DD1
