DIY real estate

[Wongo]

OK now honeymoon is over. Let’s think about the bigger mortgage. Doh!


Mrs Wongo doesn’t want to go back to work. Oh well I will find a second job maybe in a service station or something.

[HappyHammer]

No more model boats for you mate :eek:

[Wongo]

Plus I'm a crap negotiator

Craig, I am not a good negotiator either. I only knew what I wanted was very reasonable and some offers were really way off the mark.

I had the pleasure to deal with a very keen buyer and funny enough she is real estate agent herself. She looked at our place 4 times in 2 weeks and she made a couple of offers. However, she had this “I am a real estate agent, I know what I am doing and I will not accept anything less then a bargain” attitude.

Here is one of the emails from her:

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Hi Scott

xxxx and I have discussed the property again and would like to make an increased offer of $XXX,500 subject to the contract being looked at by our solicitor, a satisfactory pest and building report, the relevant searches being completed and the mandatory bank valuation.

We have noted the property in the complex that most recently sold (number 32) for $XXX,000 in late November. The differences we can see with the 2 properties are as follows:

1. Number 32 has air-conditioning up and downstairs and a newer dishwasher
2. Number 32 is set back further in the complex therefore making it quieter and the traffic noise from the M2 not as apparent
3. Number 32 has incurred Agent and marketing fees

If our increased offer is accepted, subject to the relevant inspections and searches being carried out satisfactorily we are willing to sign a s66w waiving the right to a cooling off period. We are also negotiable on the settlement period.

Kind regards
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[Wongo]

And this is my reply
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Dear xxxxx,
Thank you for your reply. I have considered your offer and while I take on board your points regarding No. 32, I would like to point out the following:
•Our townhouse has a near new en suite bathroom valued at $9,000
•In addition, our garage is opposite the property, whereas No. 32's garage is under the property, necessitating a longer and inconvenient walk to the townhouse.
•We have real timber floors, while I believe No. 32 has laminated MDF floor board
•We have new timber Venetian blinds throughout
•Our carpet is only three years old
•Our kitchen has been renovated to include a new microwave oven, exhaust fan, new tiles and timber bench tops, and a more modern stove
•The interior painting was down thoroughly and professionally.
With these points in mind, unfortunately I have to reject your offer of $xxx,500. However, we would be prepared to consider an offer in the vicinity $xxx,000.

I feel that your point of our property not incurring agent and marketing fees has no bearing on the market price of our property, so we have not taken this into consideration when reassessing our counter offer to you.

As far as noise is concerned, I can assure you that the M2 has absolutely no impact on our townhouse.

regards

Scott
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[AlexS]

Congratulations Wongo, guess you're all looking forward to moving into a new palce.

Well done.