Trojan - you should sell for $880k (+ whatever else you can negotiate). You will need the available cash to do the redbuild/reno on the other place. I've been there, it is expensive and you will appreciate the access to cash and one less stress when you are writing out those weekly cheques to the builders.
“You Keep Using That Word, I Do Not Think It Means What You Think It Means” - Inigo Montoya
Thats why I stick to the past ... because no one knows what will happen in the future
one thing we (humans) learned by observing the past is that everything is cyclical - so if something goes one direction over some time it's much more likely it will go in the opposite direction in the future
Trojan - you should sell for $880k (+ whatever else you can negotiate). You will need the available cash to do the redbuild/reno on the other place. I've been there, it is expensive and you will appreciate the access to cash and one less stress when you are writing out those weekly cheques to the builders.
Hi Barns, We are still negotiating with the buyers. I agree with you that we will need the money we can get to build. If our current house sells for too low, we will be financially stretched in our building so we might as well not sell and not build.
If this place doesn't sell, we will keep living here and keep renting out the new place. Once the kids are all in school, my wife plans to rejoin the workforce and then we will do our sums on whether we should we should borrow the building costs. For the time being, we are not planning to do the rebuild prior to selling.
I put trolls and time wasters on my ignore list so if I don't respond to you, you are probably on it ....
Hi Barns, We are still negotiating with the buyers. I agree with you that we will need the money we can get to build. If our current house sells for too low, we will be financially stretched in our building so we might as well not sell and not build.
If this place doesn't sell, we will keep living here and keep renting out the new place. Once the kids are all in school, my wife plans to rejoin the workforce and then we will do our sums on whether we should we should borrow the building costs. For the time being, we are not planning to do the rebuild prior to selling.
it may be worth telling the marketing agent what you will accept for it. let's say you will accept 895k but have it on at 950k. the agent just wanting a sale will now tell people offer 895k and i know the vendors will accept. it might flush out buyers who are embarrassed to offer 895k but that is all they are willing to pay. just a thought, and not well thought out one.
880k must be quite close to what you will accept to be posting here.
it may be worth telling the marketing agent what you will accept for it. let's say you will accept 895k but have it on at 950k. the agent just wanting a sale will now tell people offer 895k and i know the vendors will accept. it might flush out buyers who are embarrassed to offer 895k but that is all they are willing to pay. just a thought, and not well thought out one.
880k must be quite close to what you will accept to be posting here.
good luck and let us know what happens
This forum started by Trojan reads a bit too much like a hypothetical by Geoffrey Robertson? Is this true Trojan? Are you creating a hypothetical scenario - challenging everyone's view with a contradictory and challenging 'snippet' or FACT?
Think about it readers? What actual proof do we have of the figures Trojan is quoting? They certainly fly in the face of the market? Does that make them 'unreal'? No but, Trojan could be playing the role of "...but what if this happened...".
Enjoying the conversation, but facts, figures, and confirmation are required for me to believe...Does it matter if it is true or not? No, I guess not. The interactions are great!!
Enjoying it. :lol: Just thought it was worth making this point.
This forum started by Trojan reads a bit too much like a hypothetical by Geoffrey Robertson? Is this true Trojan? Are you creating a hypothetical scenario - challenging everyone's view with a contradictory and challenging 'snippet' or FACT?
Think about it readers? What actual proof do we have of the figures Trojan is quoting? They certainly fly in the face of the market? Does that make them 'unreal'? No but, Trojan could be playing the role of "...but what if this happened...".
Enjoying the conversation, but facts, figures, and confirmation are required for me to believe...Does it matter if it is true or not? No, I guess not. The interactions are great!!
Enjoying it. :lol: Just thought it was worth making this point.
So Trojan.... any proof?
Glad you enjoyed it. :beer: T+he figures are all true - Up to you if you want to believe it. Sorry, won't be posting my address up here for you to check.
I put trolls and time wasters on my ignore list so if I don't respond to you, you are probably on it ....
it may be worth telling the marketing agent what you will accept for it. let's say you will accept 895k but have it on at 950k. the agent just wanting a sale will now tell people offer 895k and i know the vendors will accept. it might flush out buyers who are embarrassed to offer 895k but that is all they are willing to pay. just a thought, and not well thought out one.
880k must be quite close to what you will accept to be posting here.
good luck and let us know what happens
Yes it is quite close to what we want. Its only $10k-20k off what we want now. Thanks for your advice. We have already advised the agent what we are prepared to accept.
This can end with us pulling it off the market or we sell it. Either way, I'll let you guys know.
I put trolls and time wasters on my ignore list so if I don't respond to you, you are probably on it ....
Yes it is quite close to what we want. Its only $10k-20k off what we want now. Thanks for your advice. We have already advised the agent what we are prepared to accept.
This can end with us pulling it off the market or we sell it. Either way, I'll let you guys know.
the agent will be working their ass off now!
don't forget CGT implications. you only have six months of having two PPORs.
don't forget CGT implications. you only have six months of having two PPORs.
monitor what you new place goes up by.
Oh he is. He spent so long on the phone trying to convince me to accept the offer. I told him to save the spiel for the buyer and convince them to up their offer
As for CGT exemptions for both PPOR, I don't think we will be eligible because the new place was rented out from day 1 and we have never lived in it so that property will definitely be subjected to CGT. But thanks for the reminder.
I put trolls and time wasters on my ignore list so if I don't respond to you, you are probably on it ....
Oh he is. He spent so long on the phone trying to convince me to accept the offer. I told him to save the spiel for the buyer and convince them to up their offer
As for CGT exemptions for both PPOR, I don't think we will be eligible because the new place was rented out from day 1 and we have never lived in it so that property will definitely be subjected to CGT. But thanks for the reminder.
it's easier to talk you down than the buyer up. it would appear the walk away price is nearly here on both sides.
talk to your accountant, but i don't think it matters that you have it rented. you have six months cross over. anyways it seems you plan to not sell the new ppor for many years, so who gives a phuck.
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