Selling & Buying houses

We sold our house after it had been on the market for about 6 weeks (which means it wasn’t so cheap that it sold the next day). We got the price we wanted for Boronia, but we knew it was going to cost a bit more for a bigger house, even though we were moving further out”. Settlement date was set nown for October 27, giving us plenty of time to find the right place…

Since then we have been flat out looking for a new place to call home, searching the Real Estate Web Sites and spending our evenings and weekends traipsing around the suburbs looking for the “”right”” place.

On Friday 18/7/03 we thought we had found what looked to be the right place: Real Estate Add
We had a first look and were impressed. Even though it only had three bedrooms, there was the downstairs office for Geekzone & TT and plenty of space to put a desk for Bern. We got Jen & Tam & Bern’s parents to have a look that same afternoon (while I was off signing my new work contracts) and got lots of good feedback. On the Saturday we had another look with Danny & the Parlos and, after going away to look at a few more houses that afternoon we decided to put an offer in. We now know that when you see house price that is $xxx+ the “”+”” means +10% so we started by offering them $306,750 and a settlement date of Oct 27, which we already knew would not suit them.

They knocked the offer back the same day and the feedback we got was that they were looking for at least $315k-$316k and a 45 day settlement. The settlement was the big thing and we were told the price was negotiable based on the settlement date, with the shorter the settlement the better. We then spent what time we could on the weekend and an awaful lot of Monday & Tuesday seeing how short we could cut the settlement and still settle on our house and get our finances in order.

The upshot was we were able to trim the settlement back to the 15th of August (24 days) and offer them a flat $310,000 which was all we had to spend. We put this offer in at 6:30pm of Tuesday 22nd and heard back the same night that they had accepted. All our racing around and stress had not been in vain!!!

Of course now we have to sure up the finances and get packing….

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