Thread: Advice on house offer

Use head , not heart at this point .
Walk around the area , there will be many houses for sale .

There is always another house , buy what you can easily afford ( my opinion only ) there will be a ' correction' at some point in the near future .
Adelaide is slightly undervalued compared to other states - but that is okay at this point .
No point killing yourself to pay off what most view as an asset - you will only realise its value when you sell .

Lifestyle is everything ( in my opinion ) enjoy life .
I can honestly tell you that whatever supernatural being you wish to worship will pull the rug from under you at some point - job , health , relationship . One or all three . Been there and survived .

My father told me " financial freedom means you are in control of your decisions "
" until you have it , you do not understand "


This is not to dissuade you , go for it !


It WILL focus you resolve to succeed : )

Any other motivational matters ? More than happy to help

Seriously , head not heart - all you need to know .

You probably have already,if not do a search here.
Real Estate, Property & Homes For Sale - realestate.com.au
Andrew

Be careful. If it has moved then you definitely want an independent inspection report. Organise your own and tell the agent you want access to get a report done and then you'll decide if you're going to make another offer. If he refuses, walk away.
There are plenty of houses for sale. We looked at maybe 40 houses before we bought our latest.
Also, use a mortgage broker. They'll probably save you at least 1% on the interest, which could be $6000 or so. A lot of money. Remember, the bank is not your friend.

Sent from my GT-P5210 using AULRO mobile app

How many Landy's will fit in the shed? you haven't said.

cheers,
D

Originally Posted by Dark61

How many Landy's will fit in the shed? you haven't said.

cheers,
D

6 or 7

That adds a bit of value to it for you but maybe not for other interested parties ............. but it doesn't seem like there are too many others interested anyway.

Originally Posted by Eevo

6 or 7

buy it!

cheers,
D

Just remember the Australian housing market is generally overpriced by world standards so don't feel the need to rush into buying. Sellers have inflated expectations of what their properties are worth. Plus, the market is currently flat, so the balance favours cashed up buyers at the moment. Sellers are having to adjust their expectations down to get sales. If you are a buyer, it's a good time to haggle. Buy in the slumps and sell in the booms etc.
From what you say, it sounds like the seller in that case wants too much rent, so the property remained vacant, and wants too much money for a sale. The agent would rather get a commission on a sale at a lower price than not get a commission because the seller held out for too much, so use the agent to put pressure on the seller to be more realistic.
In bargaining terms, keep talking but don't say what you will pay until you are ready to buy, because once you name a price you are committed to it.
Most buyers are pre-approved for finance, so the old line about the finance falling through often just means the buyer changed their mind about buying and made an excuse about it.