Heres an interesting property for professional, student or investor, sensational cool studio.
Archive for the 'Buying' Category
wow, out the door…… going fast, huge apartments and its going to be great……. selling pre renovation,
I got asked the other day this question….have i got any properties 10% under. CV. Is a property is under 10% of its Cv why……
1. there is something wrong with it. check everything incluidng how long has it been on the market.
2. its Cv doesnt relate to its market value anway. In otherwords the Cv is too high for a start
I can get 50 properties 10% under CV but there is a reason why they are 10% below CVand if you want an investment then beware.
If you have particular skills in property you can always unlock the value. But it will cost time and likely some deep pockets. Remember if there is an opportunity out there some one else will be sniffing that one out too.
If your buying commercial property or property purely on its cashflows, focus on the yields and the margin on the cost of your money , not the CV in its entirety.
Good homes in good areas are highly unlikely to sell sell 10% below CV. They get tested in the market place not below the radar.
But if you do get something 10% below CV and tickes all the boxes, jump in.
I mean who does this now?
Banks wouldnt have done it for ages but sometimes vendors leave in the deposit for the purchaser. Iimportantly the purchaser must make sure you are not paying an over inflated purchase price. Make sure you get them valued. While you can expect to pay a slight premium for 100% finance some time without this first time home buyers wouldnt have a chance to get started. At 235,000 per unit.!!!
I just listed 5 units with 100% fiance that will help someone get started.
Imagine driving through the a new suburb and wondering what open homes are on in the area, no matter where you are ,This is seriously good, check this out, let me know and I will send you the form for the free download of the application. Something to do while your watching the kids cricket or lazing on the beach! Its a free application you can download