Nat had made a list of sales and a few rentals as well. We still weren't sure whether we could afford to buy.
After looking at some rental houses we had made up our mind that our next move was going to last a while and not for just a year or two. So we concentrated on what was for sale. We saw a mix of new and old houses but loved the character and features in the older houses. There were some houses that we just could not afford so settled on looking at properties under $400,000. Nat had already done a lot of research on properties in the area so we knew it was possible to get a house under this price.
It was quite funny as the house we have ended up buying was in fact the first one we looked at!
Here it is.
It was listed for an asking price of $370,000. So it was in our price range. The best bits about the property were:
- it was a 4 bedroom house - so lots of space
- the trees in the backyard
- had character
- had a unique style
- we could make it our own
We were lucky as it was the first opening of the property. No one else had turned up to the opening while we were there. We were actually there from the beginning to the end of the opening so we knew no one else had looked at it then. So we were first in to make an offer.
On Monday Nat got in touch with the real estate agent to get a copy of the contract. It was for sale by The Public Trustee. A lot of people said this was a good thing because you can pick up a great bargain as they just want properties sold. With this in mind, the next day, we put in an offer of $330,000. This was of course rejected. You must start lower otherwise you have nothing to work with.
Our next offer was what we thought the property was worth. We made the offer of $345,000 which was accepted with a 60 day settlement term. The longer settlement term worked well for us as we still had a rental unit till mid-March.
We met with the agent and signed the contract. SOLD!!!!!!
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(PS: Nat posted this one)
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