Things to negotiate if ...

Discussion in 'The Buying & Selling Process' started by hillsguy, 12th Sep, 2019.

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  1. hillsguy

    hillsguy Well-Known Member

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    25th Aug, 2015
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    Location:
    Adelaide
    I am considering paying price close to what vendor is asking ... it's a long term investment on this IP.

    I am interested in what are some of the common items negoitable other than price ?

    Longer settlement term
    ???
    ???
    ???
    Anything else ???

    Thanks everyone ... appreciate your input.
     
  2. spludgey

    spludgey Well-Known Member

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    Sydney
    Early access, furniture, partial vendor finance...
     
  3. Beano

    Beano Well-Known Member

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    Brisbane
    Early settlement when the property is a investment can be good.
    One day early one day of extra profit.
     
  4. hillsguy

    hillsguy Well-Known Member

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    Adelaide
    Thanks ... keep them coming !
     
  5. Sackie

    Sackie Well-Known Member

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    Why you paying close to vendor's asking? Just because it's planned to be a long term investment is not a good reason imho.. property is supposed to be a longer term investment regardless.
     
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  6. The Y-man

    The Y-man Moderator Staff Member

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    Melbourne
    • Required repairs from the B&P inspection
    • Unconditional finance (by far the strongest drawcard IMHO IF you can do it)
    • Other stuff - proximity to rail, major roads, noise
    • Proximity of HV Powerlines if applicable
    • Age of chattels
    The Y-man
     
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  7. mues

    mues Well-Known Member

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    Location:
    Melbourne
    So if there is competition. I go 60 days, no finance. Building and pest (to be done in 3 or so days)

    If there isn’t. 120 days, subject to finance, building and pest 10 days.

    Then I normally get negotiated down to removing the finance clause and less days. While holding firm to price.

    Basically, I just “try to make it work” by giving up a whole bunch of things I don’t care about while trying to keep price where I want it.

    Required repairs I’ve only added once, and then ended up walking away over price.