Hey guys,
We are doing our DD on a triplex build in Scarborough, Perth, WA.
We have narrowed it down to 2 builders and one of the builders has come back to us and asked if they could purchase one of the blocks off us.
Took me a little bit by surprise. I asked them to put together an offer just out of curiosity. I am a little worried that they will come back with a totally absurd price which would kinda sour the whole building negotiations, and put us off using them.
I have been crunching the numbers based on what I would see as reasonable block value and after selling costs, holding costs, CGT, GST differences it would seem that we would only be about $30,000 out of pocket, yet significantly reducing our risk. This is based on building 3 v building two and selling one block.
Note: We would like to take on the whole project but yeah just thought I would throw it out there and see anyones thoughts on the matter. Pros/Cons etc.
Westminster, MTR, anyone else, has this happened to you before and what did you do about it??
Cheers
We are doing our DD on a triplex build in Scarborough, Perth, WA.
We have narrowed it down to 2 builders and one of the builders has come back to us and asked if they could purchase one of the blocks off us.
Took me a little bit by surprise. I asked them to put together an offer just out of curiosity. I am a little worried that they will come back with a totally absurd price which would kinda sour the whole building negotiations, and put us off using them.
I have been crunching the numbers based on what I would see as reasonable block value and after selling costs, holding costs, CGT, GST differences it would seem that we would only be about $30,000 out of pocket, yet significantly reducing our risk. This is based on building 3 v building two and selling one block.
Note: We would like to take on the whole project but yeah just thought I would throw it out there and see anyones thoughts on the matter. Pros/Cons etc.
Westminster, MTR, anyone else, has this happened to you before and what did you do about it??
Cheers