Thread: Advice on house offer

No house is worth all this..
Chris

I recommend you decide what you really want to pay for this house, after cutting $30k off for repairs, and offer that. Tell them it's your final offer and you'll walk away if its rejected.
If they say yes, you've done well.
If they say no, you've lost nothing.
There are many houses for sale. It's just a roof over your head. Don't get emotional about it.

I caved and offered 420k subject to finance.
Not sure who will knock me back, the owner or the bank

Originally Posted by Eevo

It's very common in SA.
Otherwise if the offer isn't accepted, you have wasted money on an inspection.
My parents when selling got one done and offered it during the open. House sold with one open.

I might ring up and ask for the inspection company name.

In none of the houses we have bought have they refused an inspection by lic builder etc.. That is very questionable. And if not brick or stone check out heavily for termites, the little bastards can only become visable because there's nothing left hidden to eat!

Bide your time, its likely fate will deal a better hand over time anyway whether it be with this house or another. Its exciting buts its the biggest spend you will ever make... do you want to think you naffed it because of a slight error.


... but also sounds like the agent may be a dick, we dealt with one guy who was dead set straight as a dye, he didn't bull and if he didn't know he said so... nothing better... sadly we couldn't get an agreement on that particular place but put some friends onto it and they bought it! They're very happy!


Hang in there mate

still havent heard back from the agent.
almost a week and no communication.
house is now listed as under contract.

very disappointed with the agents conduct

Originally Posted by Eevo

I caved and offered 420k subject to finance.
Not sure who will knock me back, the owner or the bank

Good luck with it.
I recommend, as I've said before, you go see a mortgage broker. You might be surprised at what is available and how much better a deal you can get than that offered by the big four banks.
For example, we are currently in the process of refinancing and expect to save about 1% or $7000 a year, which is not peanuts.
You can get pre-approved and then go shopping, knowing the finance is available.

Originally Posted by DiscoMick

Good luck with it.
I recommend, as I've said before, you go see a mortgage broker. You might be surprised at what is available and how much better a deal you can get than that offered by the big four banks.
For example, we are currently in the process of refinancing and expect to save about 1% or $7000 a year, which is not peanuts.
You can get pre-approved and then go shopping, knowing the finance is available.

i saw a broker and was disappointed, just recommended the main 4
bank im going with isnt one of the main 4 and doesnt deal with brokers
ive got pre-approval for a lower amount

Fair enough. Sounds like your broker didn't shop around much.
Our broker deals with about 20 banks, only one of them one of the big four.
For your information, he reckons the Bank of Queensland is doing the best deals at the moment. Macquarie Bank also generally good.
All the best with it. Don't rush - existing properties are overpriced compared with new house/land packages and it's a buyer's market.
Have you investigated the incentives from the state and federal governments for buying a newly-built property in your area as a first home buyer? - they can be surprising.