Browse Forums Buying Land 1 Aug 16, 2013 8:31 pm Hi everyone! My first post on here, and hopefully if all goes well it wont be my last. So, my dilemma, my dream block (in a new small estate) was put on the market for $210k in October last year, the price has since been dropped to $185k. So my mother has been through this a million times, we went in and put an offer of $160k as our starting offer. The real estate agent immediately stated the seller would decline our offer, but we put it in anyway. Then I heard from the agent later that day, the seller declined our offer. Mum reckons we should go up in increments of $5k amounts. We have been approved for the full amount but as we are over budget, we would prefer to spend anything we save for extras on our build! Just wondering when i should put in the next offer? Apart from that we have picked our house, we will be building with Statesman. George Giannakakis from Statesman has been an amazing support, and we are off to finalize our build details and costing Sunday night. So excited! HOPEFULLY Building the Hampstead through Statesman Homes in the Adelaide Hills Re: First home buyer, putting in an offer for my dream block 2Aug 16, 2013 8:46 pm If this is your dream block you need to be careful. There's always the possibility that someone will come in close to the asking price and whip your dream from under your nose. We offered below asking price for our block and later the same day someone else came in and offered $5000 more than us. We were lucky the vendor didn't take their offer and we went back with an offer they did accept. We would have been devasted to miss out on our block because we've not seen anything similar within our budget since. Re: First home buyer, putting in an offer for my dream block 3Aug 16, 2013 9:05 pm I know, and this is why I am worrying! As far as next offer goes, would $170k be an unreasonable next offer? HOPEFULLY Building the Hampstead through Statesman Homes in the Adelaide Hills Re: First home buyer, putting in an offer for my dream block 4Aug 16, 2013 9:13 pm The other side is that this is your dream block until you find your new dream block. From a purely unemotional point of view I agree with your mum Good luck <!-- l --><a class="postlink-local" href="https://forum.homeone.com.au/viewtopic.php?t=62083">viewtopic.php?t=62083</a><!-- l --> Re: First home buyer, putting in an offer for my dream block 5Aug 16, 2013 9:17 pm teeshybee I know, and this is why I am worrying! As far as next offer goes, would $170k be an unreasonable next offer? Any increase is reasonable. It's your money to offer and it's up to them if they accept it. Best of luck. It's an amazing feeling when you hear the words "The vendor has accepted your offer" DIY, Home Maintenance & Repair Are you doing this with a building permit? Conversion of a non habitable room into a habitable room requires building permit. 3 17311 Not much in this responce. My suggestion is, what are you looking to build and why. This will all be impacted by the local councils planning scheme. Familiarise yourself… 6 5840 So it looks like we finally have some movement on site! Definitely later than expected, but I'll take any progress at this point. I'll drop by over the weekend to get… 5 27221 |