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Type: Posts; User: Frezzinghot

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  1. The top of towners will continue on regardless,...

    The top of towners will continue on regardless, especially in Auckland, asset rich cash poor, who cares just hold on for the next cycle and watch your asset double in value.

    FH
  2. That depends on how desperate you are to sell.

    That depends on how desperate you are to sell.
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    Park estate and Rosehill are fine, anything over...

    Park estate and Rosehill are fine, anything over the railway line not so good. (Eastside)
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    yes exactly, it states on the form, is there any...

    yes exactly, it states on the form, is there any known defects with the home. I always ask an agent is there anything wrong with the property that I should know about, I guess this statement is...
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    That’s not what the story says, the previous...

    That’s not what the story says, the previous vendor who sold it to the agent knew it was leaky and well as the agent who then sold it on knowing it was rotten.
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    Leaky rental property.

    https://interactives.stuff.co.nz/2018/the-big-leak/
  7. We would like to know when things get urgent as...

    We would like to know when things get urgent as we are currently buying and selling in the same market. It’s our PPOR which we are talking about. We are just not seeing the urgency to sell as where...
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    Vendor has not countered and wants us to sell our...

    Vendor has not countered and wants us to sell our home first, I said no deal as we make a commitment to sell and the vendor just waits for another cleaner offer.
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    Yes I think we will use her to sell as well...

    Yes I think we will use her to sell as well because that will give her some fat in the game, both homes are over a mil so would be a substantial commission for her she can pull it off, if she has...
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    yes the obvious one was a building inspection...

    yes the obvious one was a building inspection which we added. Can be a costly mistake otherwise. Offer was lower than they were expecting I think but having talked to a few agents the market is flat...
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    yes that’s true, signing a contract tonight,...

    yes that’s true, signing a contract tonight, conditions are finance, subject to selling PPOR and lim. Can’t think of anything else. What about settlement, should we make this longer to enable time to...
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    Bridging finance was going to be charged out at a...

    Bridging finance was going to be charged out at a rate of 6% IO for up to a year, was going to cost us 9k a month on IO. Too much of a risk so we are just going to put in a contract subject to...
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    Thanks, that makes perfect sense.

    Thanks, that makes perfect sense.
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    Thanks Ross, the other scenario I see is that we...

    Thanks Ross, the other scenario I see is that we use the bridge finance, get the new house under contract, ask for a longer settlement say 2 months, actively try and sell the our 1st house before or...
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    Bridging finance - pros and cons

    We have seen a house we like in the same neighbourhood. We want to make an offer, issue is we still have our house to sell. Ideally we usually like to sell before finding a new house but in this...
  16. I think I have finally go to a point where I know...

    I think I have finally go to a point where I know what I want to do and need to go ahead and find a way to do it. I’ve decided to trade my job for property trading. The fun part is finding money to...
  17. Just did it yourself and some a whole lot of cash!

    Just did it yourself and some a whole lot of cash!
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    That’s the general idea, it’s just harder to lose...

    That’s the general idea, it’s just harder to lose houses in this triangle!
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    Auckland, Hamilton, Tauranga

    Auckland, Hamilton, Tauranga
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    My broker told me the banks are looking at the...

    My broker told me the banks are looking at the golden triangle when deciding whether the property will be exposed to a downturn, so if I was going to try and buy in tokaroa, the banks would...
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    what about the rates, liberty were doing 5.6%,...

    what about the rates, liberty were doing 5.6%, others like resimac were higher.
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    I tend to agree with this, it is that they know...

    I tend to agree with this, it is that they know something we don’t, history just going to repeat itself. Are they protecting their bottom line, probably. Just wish I’d known before spending most...
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    thanks will give him a ring. FH

    thanks will give him a ring.

    FH
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    Sticky: agree, no one will ever do a good a job as we, so...

    agree, no one will ever do a good a job as we, so we think.
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    Sticky: yes we have a good team also, but really need a...

    yes we have a good team also, but really need a reliable builder friend who could check out homes before purchase. Still managing ourselves and can be a pain at times, but will eventually go property...
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