JJL family

How does it work when buying a house ???

Say if it is up for i.e $500,000 what would seem like a reasonable offer.

Because i do like to barter

Do you go in with %5 less than the asking price or is the price fixed ?? (in general)

As we arrive there in 10 days (gold coast)

Lesley

ABCDiamond

Try 10% less, $450k. Or even less!!

Then they will come back with maybe $490k, then you put 455k, etc etc

It is rarely fixed. I have a house for sale that i'd be happy with $290k, the agent suggested $335k (I think that was the figure), no hurry to sell, so I have it up at that price.

So a 13.4% drop on mine would get a sale

Two of my last three purchases have been at about 10% less than asking price. Even my last one, at the height of the boom, I got 4% off, and that was when houses sold within days or hours of being on the market.

JJL family

Thanks for that ABCD!!

Always nice to know.

What would the overall cost be approximately be then if they accepted $450,000 i.e stamp duty, estate agency fees, etc,.

youngy73

it depends on the state as they are all different. remember you will be eligible for the first homebuyers grant. $7000 dollars atleast. look at this site as it has all the links ans info. www.realestate.com.au