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Type: Posts; User: DaveW

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  1. Replies
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    Yes, by bringing the auction date forward means...

    Yes, by bringing the auction date forward means it will be sold prior to the advertised date
  2. Replies
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    Absolutely not. The buyer cannot add any...

    Absolutely not. The buyer cannot add any conditions to a pre auction offer.
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    The vendor accepts the pre auction offer...

    The vendor accepts the pre auction offer conditional on their being no better bid at the new auction date, which is brought forward to 2-3 days from conditional acceptance of the pre auction offer.
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    No. That's a Tender.

    No. That's a Tender.
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    It's up to the vendor but yes absolutely all...

    It's up to the vendor but yes absolutely all registered buyers are notified. So the sooner you get your offer in the better so there are less registered buyers.
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    That's correct. They can "accept" the offer but...

    That's correct. They can "accept" the offer but the auction is brought forward to usually 48 hours and all other buyers who have an interest in the auction are then advised that the auction has been...
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    Only if the vendor considers the pre auction...

    Only if the vendor considers the pre auction offer is at an acceptable level then the auction will be brought forward. Otherwise they can say nothing and continue to the advertised auction date.
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    Yes. 1 and 1a but check with your post office to...

    Yes. 1 and 1a but check with your post office to have it properly registered.
    Or just tell the pizza guy to deliver to the flat downstairs and leave the name of the pickup person.
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    I think you posted this in another thread... see...

    I think you posted this in another thread... see your other thread.
  10. Replies
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    you can only try your luck, the vendor might not...

    you can only try your luck, the vendor might not like public auctions, or they might get less at Auction when you see you are the only bidder. You will certainly put the vendor on the spot.
    If you...
  11. The loan manager is correct but you should talk...

    The loan manager is correct but you should talk to more, gather as much info as possible. This project you will need a good relationship with your loan manager because you will not be drawing down...
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    You would need to add contingency and your profit...

    You would need to add contingency and your profit margin needs to be increased to at least 20%.
    I don't know about the project blue kiwi gave above but did he spend any money on renovating the...
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    Unless it's your main home you can sell without...

    Unless it's your main home you can sell without paying tax. 2 main homes within 2 years one after the other.




    i agree. What funds can you get to renovate your current house.
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    My 2 cents worth... 4 months is too long,...

    My 2 cents worth...
    4 months is too long, listing goes stale.
    Better to remove from market.
    Perhaps rent and repost again later spring. Relist without a price and take it to private sale by...
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    Well now you know. Pick the next Jazz Phama, ask...

    Well now you know. Pick the next Jazz Phama, ask your fav aunt for $200k deposit, raise 75% mortgage to a total investment of $800k. Wait for 10 years for the stock to increase 123 fold and presto...
  16. Small change. Sell a rental? Just as well it was...

    Small change. Sell a rental?
    Just as well it was no wrongdoing in motherland China.. 25 years of hard labour.
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    That same clever financing could had been applied...

    That same clever financing could had been applied to a 10% deposit on real estate right?
  18. Replies
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    Dont forget real estate has the benefit of...

    Dont forget real estate has the benefit of leverage through mortgaging. Google stock in 2009 would had been bought with all cash?
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    I had a similar property i did exactly what you...

    I had a similar property i did exactly what you said. Excavated the soil, applied water proofing, lay drain pipe to divert the water, and then fill with gravel.
    Additionally I installed a high...
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    Sticky: What is the return on doing the repairs and...

    What is the return on doing the repairs and upgrade and the rent increase for meeting the extra demand?
  21. Replies
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    Sloth (otherwise known as Patience) is a virtue...

    Sloth (otherwise known as Patience) is a virtue in the property game.
    In other words it's about time in the market, not timing the market.
    If you are going to sell a property, it's only to buy...
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    Yes that's right, vendors bids are only if...

    Yes that's right, vendors bids are only if reserve is not met.
    You are practically bidding against yourself.
    Just wait for the Auction passes in and if they still want your unconditional bid they...
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    Beware Harcourts Auctions can involve vendor bids.

    Beware Harcourts Auctions can involve vendor bids.
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    I agree go in early make the vendor think you're...

    I agree go in early make the vendor think you're their only option.
    Some vendors would rather avoid public auctions.
    You never know your luck.
    If you are buying for investment then stick to...
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    You're making another assumption that it's a...

    You're making another assumption that it's a single howiehold. This is why I said in post number 4 or 5 to do some investigations, I even mentioned to get a good builder around for that effect. We...
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