While this page briefly describes some purchase options the price, terms and conditions are totally open for negotiations.
The standard contract details can be found within the Documents page of this internet site.
The vendors are keen to negotiate an outcome that maximises the benefits and minimises the costs for everyone.
On the 650m2 site at present is a sound, but ageing 3 bedroom solid brick home which has been appraised for letting for around $280 per week.
At present the property has a single title, however if a purchaser wishes to purchase the site as two sub-divided or one single unit then the vendors are prepared to facilitate the sub-division prior to settlement.
The costs of the sub-division are reflected within the asking price for the "per unit" option.
Purchasers have several options open to them, to purchase:
The settlement period and a range of terms can be negotiated, so too can the asking price to account for any benefit or costs resulting from such variations.
Benefits & Savings
Savings can allow a developer or owner several benefits:
Lower capital outlay - obviously, lower up-front costs means less out-of-pocket capital needed to get started.
Compound savings - much like compound growth, any reduction in the base cost provides multiplied savings because on-costs (ie. stamp duty, interest on loans, agents commissions etc. etc.) are generally charged as a percentage of the base costs.
Competitive Pricing - the mistake most people make is that they focus purely on the purchase price and overlook opportunities to structure a transaction efficiently; they overlook the implications of on-costs when it comes time to realise the value of a property.
An ability to offer the finished product at a lower price to potential buyers gives a developer or investor a significant competitive advantage, which in turns promotes a quicker realisation sale and lower holding costs.
Contact VendorHQ to obtain copies of serious projections and scenarios that enable a developer to significantly reduce their costs and in-turn offer a finished product at a more competitive price.
Surprisingly, the strategies and scenarios offered by these vendors are rarely used by other vendors, developer or buyers. So the majority of buyers in the market are unnecessarily paying excessive costs and gain no competitive advantage over the many competing properties offered by so many agents every weekend.
Get an edge on the rest of the market and let VendorHQ show you more economical ways to structure your purchase.
Request further details from VendorHQ on 1300 669 331.