on 07-06-2013 02:37 PM
The owner of a property's address?
I know the name of the person, and I also know he lives in QLD.
on 07-06-2013 03:58 PM
yep, it would be all for the better to cutout the middle man {agents}, and you'd get first option on the house freddie, all would be needed is a good settlement agent. good luck with it.
on 07-06-2013 04:02 PM
Because then the price will go up astronomically because of the commission.
not necessarily, more dosh in the vendors pocket which still mightn't affect the sale price
But the owner doesn't get the commission, the agent gets it.
no skin of the buyers nose if the vendor gets a market value price for their property
You pay $310,000 to buy a property directly from the owner, if you go through an agent, you will pay $325,000. Which would you rather do?
on 07-06-2013 04:08 PM
Joz, the property needs some cosmetic work, painting and various other repairs, which would possibly put off a buyer who doesn't know the property. The property has been rented for some time, the owner has never as far as i'm aware been to check his investment or do any real maintenance for many years. The only maintenance done, has been the small run of the mill problems. Having said that, and you were the owner and lived 8hrs away from your investment property which you want to sell, would you prefer your tenant to make you a reasonable offer, in preference to a RE agent who will charge you an arm and a leg to advertise, take pictures, show prospective buyers through the property, knowing it's been neglected for a spit and polish for some time? Also knowing you were unsuccessful selling it when you tried previously, and that cost you RE selling fees?
on 07-06-2013 04:09 PM
The lease just has the owners name (NSW), no other information.
on 07-06-2013 04:13 PM
It would be against the Privacy Act for a RE to give a tenant the owners contact details.
A disgruntled tenant could harass the owner.
The RE is the owners agent for all dealings with the property and tenants.
on 07-06-2013 04:15 PM
Joz, the property needs some cosmetic work, painting and various other repairs, which would possibly put off a buyer who doesn't know the property. The property has been rented for some time, the owner has never as far as i'm aware been to check his investment or do any real maintenance for many years. The only maintenance done, has been the small run of the mill problems. Having said that, and you were the owner and lived 8hrs away from your investment property which you want to sell, would you prefer your tenant to make you a reasonable offer, in preference to a RE agent who will charge you an arm and a leg to advertise, take pictures, show prospective buyers through the property, knowing it's been neglected for a spit and polish for some time? Also knowing you were unsuccessful selling it when you tried previously, and that cost you RE selling fees?
I think you will have an better then even chance. You will be saving the owner a lot of money, so they might jump at your offer. Good luck with your search.
on 07-06-2013 04:17 PM
You pay $310,000 to buy a property directly from the owner, if you go through an agent, you will pay $325,000. Which would you rather do?
i would offer what i want to pay for the property. if its through a RE @ 325,000 and i offered 310,000 and the vendor accepts, the vendor would be down even further having to fork out for commission fees.
In most cases, the market decides.
on 07-06-2013 04:19 PM
15 grand commission polk? how much do RE's charge these days?
on 07-06-2013 04:24 PM
Thanks Polks.
on 07-06-2013 04:25 PM
i forked out $6,000 commission for the sale my previous house @ $155,000
are their fees still negotiable these days or are they all about the same percentage rate?