Vic Wasteland Thread

[Rekin]

Rekin: auction.. least recommended method of buying your first place

Apartment maybe not so bad/risky as a detached house but generally you need to do everything before the auction like pest/building inspections (which are not exactly cheap when u may end up with nothing anyway) and go over the contract with a conveyancer/lawyer *beforehand*. You need to know how much the place is worth and how much you are willing to buy it for and do not go over that amount. If you pay too much (auction or private sale) you will always regret it. You should do your homework, go to a number of auctions for similiar places so you know how much they are going for. Have someone go with you that is well experienced with these things. There is no cooling off period and you generally need to pay the deposit on the day (or within a couple of days, check the contract beforehand). So you will need your deposit ready to go.

You can actually put conditions on the contract, however you must do this before auction, and if you're not confident then it's likely the agent will talk in circles and talk you out of it, until you feel like you can't actually do that, what were you thinking?! Always remember it's up to the vendor tho not the agent. You can specify pest inspections etc but it's likely if there are other buyers they won't accept your conditions of sale anyway. They will always want (auction or priv sale) the best price with least conditions, most favourable contract for them and most convenient settlement date.

Also remember that the only thing they have to do is meet the contract terms. If you say 'hey will they fix that before they move out', they don't have to do anything if it's not specified in the contract. Sold as is..

And never go to settlement with them still in the house and asking if they can have a few more weeks blah blah, they'll rent from you for $XX for xx weeks. If you settle and they are still in the house, they're now your problem to get rid of and any damage they cause. It could literally get to the point where you need the sheriff to get rid of them for squatting. Never settle unless the house is empty.

Anyway thats something most ppl wouldn't mention to you but it does happen..

Crispyfries: yes thats underquoting, happens all the time to attract more buyers thinking they'll get a bargain

Rule of thumb: believe nothing an agent tells you no matter how genuine they seem. You need to play hardball and be willing to walk away at any time if they don't accept your offer.

I went through Rams for a while.. farkin.. one document, then another.. then another.. like farkin ask for them all at once u idiots! Took ages for nothing. Went through Bankwest and had no issues, approved me for way more than I needed. Only risk was if the valuation came in significantly less than what I offered, I would have been screwed and had to fork out that money myself.. but that doesn't happen much and it was still subject to finance so I could have gotten out of it...

everyones a real estate expert

anyway, auction conditions only apply 3 days prior and 3 days after a publicly advertised auction. you dont HAVE to have documents checked prior to signing as you have a 3 day cooling off period at all times except auction scenario. Also if you get paperwork checked first you have NO cooling off period once signed. Its all stated clearly on the front page of any contract you sign.

i would hardly call 270 then selling for over 300 "under quoted" 10% is standard and guidlines allow for 15% on an auction..

really its your gamble if an agent calls says there is an offer before hand, if your not convinced dont do anything if it sells dont cry like a baby that you 'missed out' (happens allllllllllll the time) most agents wont say there is another offer unless there is, cos if there isn't and then it doesnt sell it makes the agent look dumb, gives the buyer no confidence in you making negotiations harder.

Most people's perception of agents is so old school its not funny its regulated heavily now most the bs ppl talk about is from like the 80s.

under 50m can be a bitch some lenders want minimum 50% deposit for places of that size.. try go direct to your bank i dont like brokers much and remember for the life of the loan they are getting commission out of it.

Thanks alot for the insight! Its a lot of money to gamble with and its funny to see how much effort people put into inspecting a $10,000 car but a house is gone after 15mins of walking around

Lets hope the house im viewing tomorrow goes for more than my limit! haha

Will keep you all up to date!

Thanks again for the help!

[ssxRicho]

tirerack does/did, 1010tires do.

Hankook do a good, if not better tire to the RSR. RS3 it's called.

http://www.tirerack.com/tires/tires.jsp?tireMake=Hankook&tireModel=Ventus+R-S3&partnum=245WR5Z222

You have RE001s and AD08 in 'big' brand, but both are 180wear, RSR and RS3 are 140wear. The other

'big' brand tire is R1R, also 140wear. As well as Hamish's favs, the nittos.

[blags]

What's the shipping rate like?

[jfk]

you will need a serious flare to fit that kind of rubber man...

try going say 235/40/17 with GOOD rubber on the front and 265 on the rear.... you'll still have to raise/flare but not as much

^^imo perfect track spec atm im runnin 225/45 255/40 ku36 but next set will be that spec, use to run 235/45 mich on front and lil bit of rub full lock .

dont know how the car would like 265/295 might work......

[joeyjoejoejuniorshabadoo]

also more common sizes, so can spring for better rubber

[UNR33L]

whats wrong with running some 33 GTR stockies with track rubber? save your good rims as well then.

[funkymonkey]

USA fuck cheeeah!

[joeyjoejoejuniorshabadoo]

epic face palm

[KURAUN]

Met the most arrogant guys in an STI on the hwy tonight. Wanted to punch them in the face.

Seems that way with sti/wrx drivers ive noticed

USA fuck cheeeah!

epic face palm

more than epic face palm

[R-SPEC]

[Rekin]

So i herd you like clutch pedal brackets

Butchered up my mounting hole pretty well. Also took out a seam. Clutch pedal feels so much better now haha

[joeyjoejoejuniorshabadoo]

well.... the ksev is now gone

[paulr33]

saw nick's yellow evo at the west meet

nice ride, makes me want to buy that yellow 8 on carsales

[Mohsen]

going fishing at kerford road at 4am, someone come down and smell like fish

[R-SPEC]

quite bored

[dezz]

yep

[R-SPEC]

buy my car

[dezz]

nope

[joeyjoejoejuniorshabadoo]

off to work

[Mohsen]

Good mornings fishing, 30 caught all up, kept 7 for myself, shame you didn't stay longer Alvin! Fish went crazy after an hour