Renovation house wanted

Discussion in 'Renovation & Home Improvement' started by the world is your oyster, 7th Aug, 2017.

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  1. the world is your oyster

    the world is your oyster Well-Known Member

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    hi
    If anyone finds a house with good renovation potential that I can make some money off if the deal stacks up I will pay a finders fee for such a deal
    The deal must be 20,000 plus below market value
    I am looking for deals in the western suburbs of Melbourne
     
  2. wylie

    wylie Moderator Staff Member

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    Who determines "market value"?
     
  3. D.T.

    D.T. Specialist Property Manager Business Member

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    And why wouldn't they buy it themselves?

    Why not get a BA?
     
    Tom Rivera likes this.
  4. the world is your oyster

    the world is your oyster Well-Known Member

    Joined:
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    Location:
    victoria
  5. the world is your oyster

    the world is your oyster Well-Known Member

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    A lot of people arnt in a position to buy right at the moment
    I have missed out on many great deals due to not being market ready no one can buy every great property that comes along :)
     
  6. Greyghost

    Greyghost Well-Known Member

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    Let me just go look for my silver spoon..
     
  7. Otie

    Otie Well-Known Member

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    Good luck. Im looking in the West too, everything is going mental. Advertised 330-360- sells 450k. Other stuff advertised 360-400. Goes 410-430. Every property in that bracket needs a reno in the west. they are all $hitholes, to be honest I wouldn't even bother renovating because I think you'll get the same growth by doing nothing. I will PM you if I see anything that looks good because most of its going above my max anyway.
     
  8. the world is your oyster

    the world is your oyster Well-Known Member

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    Thanks
    I have secured 2 last month they were both bought off market
    I more am looking for off market deals
    I am a big believer in buying off market there is more room to Negotiate prices and advoid buyers paying way to much
     
  9. Otie

    Otie Well-Known Member

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    Well done. I can't even get any agents to take offers to vendors prior to auction. It doesn't help that 99% of the agents in those suburbs are dodgey as hell
     
    MTR likes this.
  10. MTR

    MTR Well-Known Member

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    its called a boom
    just keep phoning, develop a repour with a few, it takes lots of work, and cash talks.
    You must be persistent and keep at it
     
  11. Scott No Mates

    Scott No Mates Well-Known Member

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    Tried using a BA?
     
  12. Angel

    Angel Well-Known Member

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    Would you consider a property in Brisbane instead?
     
    Tom Rivera likes this.
  13. the world is your oyster

    the world is your oyster Well-Known Member

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    Not at this stage