Leppington house and Land package- Buyer

Discussion in 'Introductions' started by Kishoreu5471, 31st Aug, 2020.

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  1. Kishoreu5471

    Kishoreu5471 New Member

    Joined:
    31st Aug, 2020
    Posts:
    3
    Location:
    Parramatta
    Hey Everyone

    Im planning to buy a house and land 260m2 package at leppington and was hoping to get your thought on this.

    My borrowing Capacity is 600k at the Moment and Concerned whether the Valuation for the land might be low after it’s registered. Been reading about agents selling at low prices and promising the Valuation to be higher and the buyers will be able to capitalise on the high Val leading to equity for Construction.

    Secondly I’m also considering North west but seems to be over our budget.

    Any info would be greatly appreciated

    Thanks
    K
     
    Kishoreu5471, 31st Aug, 2020
    #1
  2. Property Twins

    Property Twins Mortgage Brokers & Buyers Agents Business Member

    Joined:
    31st May, 2016
    Posts:
    2,738
    Location:
    Australia
    Hi kishore,
    Are you registering land many months in advance? If so, then there would be valuation risk.

    Otherwise, just get a cooling off period.
     
    Property Twins, 31st Aug, 2020
    #2
  3. Kishoreu5471

    Kishoreu5471 New Member

    Joined:
    31st Aug, 2020
    Posts:
    3
    Location:
    Parramatta
    Lands registering in November
     
    Kishoreu5471, 31st Aug, 2020
    #3