Guest

Buying / Selling A Home - What Have You Seen?

Mon Apr 09, 2001 12:22 pm

Hey everyone,

When you have been buying or selling a home what are some of the weird appliances or embarassing things that you or others have left out when people have been looking through your home? (And vice versa if you are looking at someone elses.)

I currently have my house up for auction and am looking for a bigger better home in the suburbs. If anyone is interested below is a link to the website that gives a virtual tour + pictures of my home.

http://www.vincentmontano.com.au/thelist.asp?ID=98

Some of the things I have seen in other peoples homes are hilarious!!

Cheers,

mb
 
CPDC10-30
Posts: 4681
Joined: Wed Feb 02, 2000 4:30 pm

RE: Buying / Selling A Home - What Have You Seen?

Mon Apr 09, 2001 12:28 pm

Hehe...I found the pride sticker on your washer  Smile/happy/getting dizzy

The teddy bear on the bed was a nice cute touch.
 
Guest

RE: Buying / Selling A Home - What Have You Seen?

Mon Apr 09, 2001 2:17 pm

CPDC10-30,

Yeah,

I noticed the Pride magnet on the washer as well, after the shots for the internet listing was done.

The magnet is actually hiding a torn energy rating sticker that we couldn't get off the appliance.

In case your interested the dwelling is over 120 years old, and has been renovated to period design 1870's. It's a 2 storey victorian terrace, in a very old suburb that has only in the past 5 years gentrified, about 5 kms to the CBD.

Cheers,

mb
 
CPDC10-30
Posts: 4681
Joined: Wed Feb 02, 2000 4:30 pm

RE: Buying / Selling A Home - What Have You Seen?

Mon Apr 09, 2001 3:34 pm

I understand that the property prices in Sydney are astronomical. My parents were considering investing in real estate there but are waiting for the market to go down further.

Nice house though, looks very cosy  Smile/happy/getting dizzy I'm sure you'll miss it.
 
oxygen
Posts: 633
Joined: Tue Sep 14, 1999 12:27 am

RE: Buying / Selling A Home - What Have You Seen?

Mon Apr 09, 2001 5:36 pm

Last year before our family moved to our hew home, we had a reality company to help us sell our old home, but the companies weren't so considerate and when they bring someone up to have a look of our flat, they only call up half an hour before. So everytime this happens our family will go into a chaos ---- all papers, books, trash in our rooms are stuck under the bed, into closets and under desks, all the beds well made, all shoes back into the cupboard, newspapers thrown away, all the clothes hung up, pens, rulers pencils hid under a book, untidy stuff in the kitchen hidden on top of the fridge...............

And mom put our designer's drawing of the plan of our new home in a easily seen place to let the people see it , so that they know that we are selling the flat not because we are bankrupt, but because we are moving to a better home , to show that the FENG SHUI of the flat is good.

Well anyways, the flat is still empty now and the price is constantly dropping.
 
sccutler
Posts: 5603
Joined: Thu Jan 27, 2000 12:16 pm

RE: Buying / Selling A Home - What Have You Seen?

Mon Apr 09, 2001 8:14 pm

Nice place, MB. Is it routine in Australia to sell homes by auction? Quite uncommon here (typically only in cases of foreclosure or "distressed" properties), but I do recall seeing a lot of "auction" signs in Oz when there. I assume you set a reserve price, right?

On to the topic of your post, not quite the same thing, but my wife is in the construction business (mostly commercial), and once they visited a large and very nice home to inspect for a possible expansion; in the bedroom, next to the bed, were a large fishbowl full of condoms (that'd be, new condoms), and a big honkin' tube of KY. A bit obvious, one would think- or maybe they were bragging?

When we were house shopping, we visited one home where the parents had blown up a picture of their son at about age four, full-body nude (standing), to a height of about seven feet, and put it on the wall of the kitchen. Net effect was to put the -- er, "winky"-- nearly at eye-level.

To each, their own, one supposes. Good luck on the sale.
...three miles from BRONS, clear for the ILS one five approach...
 
Guest

RE: Buying / Selling A Home - What Have You Seen?

Tue Apr 10, 2001 8:07 am

Scuttler,

Auctions in Sydney are all the rage in certain areas. Why? Because demand for properties in the inner west (where I live) and eastern suburbs far outstrips supply. I don't like auctions but our real estate agent told us we would most definitely get 20% more than our asking price at auction.

We are inviting offers at the moment around the 380k - 400k level.

Where we are buying, which is in the Northwest Hills district there are hardly any auctions whatsoever as the area is not in high demand. We want to get away from the cramped inner city and out to some space, peace and quiet.

As you may have guessed home prices in Sydney are incredibly expensive.

Cheers,

mb
 
Guest

RE: Buying / Selling A Home - What Have You Seen?

Tue Apr 10, 2001 11:09 am

CPDC10-30,

Are your parents wanting to invest in the Sydney property market?

I hate to tell you this but the property market in Sydney does not go down. Your parents will be restricted to foreign ownership rules which dictate that you can only buy a "new house or "unit" as an investment. (ie: as in off the plan or newly built.)

Last week I was looking at this really nice colonial style home who's interior was completely wood panelled in cheap laminate... The kitchen was canary yellow with orange and brown checked (very bright) wallpaper. It took my breath away, and guess the colour of the sink? Avocado green!

I had a headache after looking at that place.

Cheers,

mb

 
sccutler
Posts: 5603
Joined: Thu Jan 27, 2000 12:16 pm

Foreign Ownership Rules?

Wed Apr 11, 2001 1:10 pm

Huh?

Am I to understand that Aussie law would preclude me (as a foreign national) from purchasing a home in (say) Sydney? Yikes!

I understand a bit better the concerns some Australian commentators I have read about being able (where appropriate) to recruit expats for key jobs.

Seems counter-intuitive, to me, discouraging outsiders from having a stake in the community. Or maybe I misunderstood...

---

as for the other, don't it just sck to see a good house- gone bad! The sixties and early seventies were not an aesthetically good thing, were they?
...three miles from BRONS, clear for the ILS one five approach...
 
sccutler
Posts: 5603
Joined: Thu Jan 27, 2000 12:16 pm

Auction / Hot Markets...

Wed Apr 11, 2001 1:25 pm

You reminded me of when I moved to Orange county, California in 1986 (ooh, I'm old!)- there were no houses for sale, per se- there were only houses which were sold.

Nonetheless, there is no real precedent for routine auction sales of homes in the US. But, when we finally found a house in CA to buy (it had been on the market for, no kidding, 45 minutes), we got it under contract within 2 hours, at $2k under asking price, and by the end of the day, there were two offer sheets to the sellers with offers substantially in excess of the asking price. Kudos to the sellers, who did not waver in their commitment to honoring the deal they'd made with us. A good deal, in the end, as when we sold the house almost four years later, the profit paid for law school.

Now (wacky market) all the houses which sell in my area of Dallas (good, solid houses, 3,000- 4,000 sqft [about 330-450 sq.m]), get torn down so massive houses can be put up in their place. Nuts.

Let us know how the auction turns out. And again, do you set a reserve price?
...three miles from BRONS, clear for the ILS one five approach...
 
Guest

RE: Buying / Selling A Home - What Have You Seen?

Thu Apr 12, 2001 8:19 am

Scuttler,

Sorry, the reserve will be around the 375k to 385k, depending on the amount of offers we get. So far after just over a week of the property being on the market we have had about 5 offers around the above level.

This indicates (given that there is about 3 weeks to go till the auction) that demand is strong so the auction should push up to the 400k level. Generally speaking though, the reserve that people set is around about what the property is "valued" at. You can get this by having your property valued by several real estate agents and the service is usually free.

My boss had to get residency before he could buy a home here (he's English). The reason behind the laws in this state to stop foreigners from buying any property they like, is to protect our many heritage buildings.

I doubt that we will go to auction now as the offers have been way above the 'value' of the property, and we have found ourselves the perfect home in Sydney's Hills district, about 30kms from the CBD (yeah, a big difference). It's a 4 bedroom / 2 bathroom / study / double garage / ducted reverse cycle air-con / brick and tile / in-ground salt water pool / fully landscaped gardens - house on a 750sq mtre block - in a private tree lined / lots of parkland estate.

It's about a 5 minute drive to our recently opened M2 Motorway to the city. All up it takes about 35 minutes to get to work versus around 25-45 minutes from where I am now. (No motorway, just lots and lots of traffic.)

Cheers,

mb
 
guerosinfe
Posts: 315
Joined: Sat Mar 10, 2001 8:21 am

RE: Buying / Selling A Home - What Have You Seen?

Thu Apr 12, 2001 9:06 am

You all should invest money in Brasil, 2 years ago a good apt. in Rio De Janeiro was about 60,000 dollars, today it's about 170,000 and a great apt. in the beach avenue with sea sight costs about 1million dollars.

Once when I was moving I saw a house without windows in the living room and in one of the bedrooms, and when I asked why the man who was selling it got really angry.

GüeroSinFé

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