21 April 2008

A nibble on the line

Spotted a property in Calwell, south of Canberra. It is a good sized house with four bedrooms on a relatively small block, but it did have some views of the distant hills. It had an amazingly large kitchen with a huge bench surface and great kitchen storage. S liked the size of the kitchen when spotted on the web. It must have had about six metres of bench space down one side. Though, the rooms seemed on the smallish side. I got the building report. It has villaboard, like the Bonython place we liked a few months ago. We may need to put up with asbestos. Villaboard is asbestos.

I also came across a property at Macgregor that caught my eye. It was advertised for auction and the agent thought it would go for between $330 - $400k. This was an older house and not as well cared for as the previous one, but this is a house with style. It had a very large lounge and four bedrooms on separate wings; three on one wing and the main and ensuite on the other wing. The design left an area between the two wings that might be large enough for a small pool or secluded garden. There was little in the way of views from this house, but definitely a house with a difference. Some of the doors and walls had been knocked about, and the kitchen looked like it needed to be ripped out and started again. But for all that, there was something about the place that clicked. The trouble in favouring unusual properties is that they may be more difficult to sell.

In Melbourne, S came home after an inspection, and found a strange car parked in her spot. It looks like someone was testing the drive. We did this before we bought the place all those years ago. In fact, there was no way I was going to buy the property until I tested the driveway. I actually wondered if the car could make it up, as the grade was so steep. Of course it did, but the driveway gave troubles in winter as on the steeper sections the car would loose traction when it was wet. So, someone else is going through the same thought processes. This is good!

According to our agent, there are two punters nibbling at the bait: a mother and daughter pair, and another interested party operating through an agent-friend. Eventually, our agent phoned to say they were offering $345k. Apparently, he said, we had earlier knocked back an offer that was below $350k, which wasn’t true. The agent-fiend would probably suspect this to be a lie. It’s a game this negotiation. By their previous experience, the mother-daughter won’t buy as they’ve been looking in the area for 5 years. Russell says the others are dream buyers, with the money in the bank. If they raise their offer to $355k well take it. He’s concerned about interest rates restricting the market. Our advertising bill is $5,000, so far.

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