What's your property 'fix' during the buying process?

Hey All,

What gives you a tick / sigh of relief / fix during the property buying process?

Apart from finding a flat block, for me and @monalisa it's the sewer diagram! In QLD I found it bizzare that it's one of the last things you see right before settlement. Quite different from NSW where the contract includes the sewer diagram. It's quite satisfying to review one!

So what is it for you that makes it or breaks it?

Cheers,
MsAli

 

In Brisbane.. Flooooooooooood effected.

You don't have to wait for the sewer diagram @MsAli just go on dial before you dig.

 

When it goes unconditional, because then I know its mine.

For the last couple that has been immediately

 

All I can think of is that I'm getting the property for a good price, and not overly paying.
Sometimes it's not easy to put an exact value on a property when there are many variables with comparison properties which sold at different times.
Basically being confident enough that you will not have feelings of buyers remorse once committing.

 

Strangely I've never felt buyers remorse. Though, I did have an agent fall off his chair when I said I was paying market value for a property that he thought I was getting cheaper than what it had potential for.

Biz, I could never work out that website!

 

Flat blocks, with big frontage, and excellent location

 

The placement of the house.... ie not smack bang in the middle and making it impossible to do anything with.

I also love odd shape blocks as no one wants them, which makes it easier to buy them for cheap.

Also, lazy agents are awesome.

 

Just tick boxes that need to be ticked to progress till to get to the map then circle the block or type in the address. They don't care who you are etc especially for one block. To them im a "Dr."!

But it is funny if you highlight an area where there is a major optic fibre cable nearby, then you get a phone call! I highlighted a fibre going from syd to Bathurst on the highway. That sets off alarms

 

For me, it's finding more bogans in the neighbourhood than what you expected. Well that's Mt Druitt for ya.

 

You can never find enough bogans @datto - admit it, you hire a bus and bring them in

 

I haven't got enough property to confirm the 'fix'!
The ticks tho
- number all matched up
- land size
- photos looks good

 

I am interested in splitter/duplex, 3-4 townhouse dev sites.
frontage, min lot size meeting zoning requirements, tick
property elevation no problem with gravity storm water flow, tick
dial before dig, no sewerage concerns, tick
rental as is 5%, tick.
keep existing house, build 2-3 at back, tick, tick, tick

 

Going unconditional with longer settlement!

 

For me it's securing a great site with no easements and at a great price where I know from day 1 according to my feasibility I've made a great sum of money. Then it's just a matter of collecting it.

 

Why is that Odd Shape block can be a ponteial gain for you @neK ?
If no ones wants to buy it then how can you reach more people to buy when it is time to selling it.

 

Odd shape are great because they are usually overlooked by everyone else. Everyone wants the perfect rectangle block that is flat.

With a bit creativity, you can make anything work. However numbers must stack up.

Eg. I don't mind sewers as I can encase them. If they price is cheap enough and more than compensates, then why not.

 

1. When the property goes unconditional.
2. When my 30 day settlement goes through without a hitch.

 

Just re-read the question, for me its when the vendor has signed and i have photo of the vendor signed contract.

 

I once rented an apartment when I was studying at uni, close to a rail line and later next to a busy road. Never again I said. Although I will never live in my IPs, I couldn't bring myself to buy these. I have been presented with good IPs close to a busy roads, many agents have scratched their heads and said, "But these are the areas which will be rezoned, and you stand to make bucket loads of money, down the line". But I still avoid these like plague.

 

The thrill of the chase, negotiating and getting the deal across the line. Having the numbers stack up before going in with a figure which would only put cream on the deal. That guy churning feeling when you see a site even before you look at numbers.