Hi there,
I hope I'm posting this in the right category.
I'm hoping to get a picture of the mindset of buyers, mostly investors, about the following conundrum.
my parents are about to place their Gold Coast home onto the market.
It's a 4bdr brick veneer house, opposite a canal (not on a canal), pool, dble grge and very handy to the beach.
However, about 4 years ago, a large crack appeared in the south wall. It follows the mortar line in a "step up" pattern. It runs from the graound to the top of the eaves. It has moved the eaves about 2 cm and a gap has opened near a window (although only extrenally, no sign of movement internally)
So far, friends who are builders have made some very rough guestimates about cause and cost of repair.
For the upcoming sale I have suggested that maybe the best way to deal with this is to get an qualified engineer/builder to inspect and basically state whether
the house is safe and structually sound
the probable cause (suspect the drought)
and a guide on the solution including price.
Then for instance if the quote is $50k repair, knock $50k staright off the price and get the agent to be honset and up front about this issue.
My questions for the SS crew are,
who would most likely buy a property in this condition
is this a good strategy or can you advise of another
is deducting the whole repair cost wise, considering a buyer will still want to cut the price further?
any suggestion welcome
oh, and there is no real possibility of the place being repaired by my fokks before sale. that rules that out.
cheers
I hope I'm posting this in the right category.
I'm hoping to get a picture of the mindset of buyers, mostly investors, about the following conundrum.
my parents are about to place their Gold Coast home onto the market.
It's a 4bdr brick veneer house, opposite a canal (not on a canal), pool, dble grge and very handy to the beach.
However, about 4 years ago, a large crack appeared in the south wall. It follows the mortar line in a "step up" pattern. It runs from the graound to the top of the eaves. It has moved the eaves about 2 cm and a gap has opened near a window (although only extrenally, no sign of movement internally)
So far, friends who are builders have made some very rough guestimates about cause and cost of repair.
For the upcoming sale I have suggested that maybe the best way to deal with this is to get an qualified engineer/builder to inspect and basically state whether
the house is safe and structually sound
the probable cause (suspect the drought)
and a guide on the solution including price.
Then for instance if the quote is $50k repair, knock $50k staright off the price and get the agent to be honset and up front about this issue.
My questions for the SS crew are,
who would most likely buy a property in this condition
is this a good strategy or can you advise of another
is deducting the whole repair cost wise, considering a buyer will still want to cut the price further?
any suggestion welcome
oh, and there is no real possibility of the place being repaired by my fokks before sale. that rules that out.
cheers