Game Plan- private sale buying tactic needed!

All the best!

 

@Otie I tend to be upfront with the agent. It needs to be a good working relationship. I ask them straight up, what do number needs to be on the contract to finalise the deal today. If its too high, I say thanks and walk away.

Truth is the agent knows the number they can get the vendor to sign. The question is whether they actually believe you're genuine about buying the property before they hand that number out.

@Otie I have no idea what your profession is, but regardless, when you meet people, there are some you are willing to help, and others who you know are just going to waste your time. The agent is making the same assessment on you.

Short version: Don't be a donkey about it and try to play games with the agent. Business works better when the parties aren't trying to bend each other over.

 

Otie not sure if the area is hot or not that you're buying in, set the price you believe it's worth, and go in with the best offer and subject to a time. I like end of day 5pm that way you sleep well that night if it's not accepted. Our last purchase we let the agent know we had placed an offer on another property which was true and if accepted we would take it. This might add a little pressure to the vendors if your offer is good.

 

Area is very hot at the moment hence my keenness to buy this via private sale “for sale” style. I’m doing the 5pm thing that’s also what my conveyancer recommended

 

Made my offer, but the vendor refused it due to my condition of a building and pest inspection, he said he would accept my offer without it, or if i removed the clause allowing me to exit the contract within 14 days if a major defect was found!

 

Maybe thats why the previous buyer couldnt get a loan? Maybe that was an excuse: they found a defect and used the finance clause to get out of it.

 

I think it may be possible, as when I pressed for further details they said that the other buyers finance expired and thy didn't reapply, which I thought they would have had to attempt to reapply under the contract terms.

 

No pest and building inspection. Wow.

 

Time to walk and enjoy the weather

 

nowadays everything is unconditional - unless finance clause

 

it's pretty common when I sold my place in pt cook

there was one buyer who put in an offer "subject to the purchasers" satisfaction. agent asked me to came to negotiate in Mcdonalds after work. he wrote it in. i asked him what this is - and gave 1001 reasons when the house was brandly build 2 years ago. i tore the contract put in the bin and left. the next day the buyer put up the offer without conditions.

 

Yep, all of the hot suburbs anyway, even unconditional finance is common. I’ve even seen a few under contract sight unseen within hours of hitting internet

 

It’s all about the land anyway so plenty of buyers can afford to risk it. Unfortunately I can’t afford a termite ridden house to fall down or faulty electrical to kill my tenants

 

If it’s in Melbourne, you can cool off anyway. Can't opt out of this option!

However, they may refuse access for a building and pest inspection.

 

How many termite ridden houses have fallen down ?

I do not always do them, house more likely to fall down from reactive soil and or poor drainage & guess what, many of these inspectors simply grab the money and run, ay as well spend that money on repairs

 

YOU know what, I actually just spoke about that with my husband. We are really buying for the land but won’t be developing for next ten years or so. I said to him, this house we aren’t looking at was built in 1970, it has lasted this long, and things can be repaired. My main concern was the electrical being safe and termites. We bought our last one with no building and pest, but we did have a good look around and got in roof etc (hubby is in construction anyway so knows what it should look like).

 

In Sydney and Melbourne, but not so much in QLD.