Wednesday, April 21, 2010

The Excitement of Negotiating

We went back to the Real Estate Agent and renegotiated the price of the section in Otahuhu. We had to bring the price down to make the figures stack up. It's hard to believe it, but we managed to get it down by $12,000. It was that or the deal falls over. They've given us one day to hand over the deposit and go unconditional. To achieve this we said we'd remove the conditions requiring them to remove the old garage (that exists from prior to the section being subdivided and thus spans the new boundary) and the rubbish. That's just a bit of dirty labour for us and some rubbish dumping fees (or a skip). Maybe we could sell some of the garage for scrap metal?

Tomorrow, the builder half of us, checks out the house. We've already found some worrying conditions in the house removers contract - like we have to insure the house, and they want the final 50% of the payment at the latest 2 days before they deliver the house! Huh!? They want to be paid in full before they transport the house or put it on piles, and they don't insure it. So, if they drop it on the way and ruin it, bad luck for us. They put the roof framing back on, but not the roof tiles. These things could be deal-breakers. Our lawyer wants to see the contract first anyway. I'm crossing my fingers. I really want it to work in our favour for once. Sounds like I'm hoping for a lotto win, like it's gambling, like we're speculating. Exciting but risky. Are we there yet? Do we have lift off? It's a day at a time, hoping, tempering the emotion, trying to stay rational - think figures, focus on profit. Sleep would be welcome.

1 comment:

  1. Geoff and I have found a house that we really like... but have found out from the agent that the vendor has done some modifications (a deck, and some modifications in the kitchen, which may incl some re-piling) without building permits. Do you know anything about what needs to be done in these cases? We just want to make sure that we dont end up in trouble!

    We dont like the real-estate agent much.. he seems to pushy and seems to somewhat be avoiding giving details about what has been done (or he just doesnt know :-S).

    Thank you :-).. This is all very very new to us :-)

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