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Prospector said:
As funny as it sounds, I would get some sort of "Ghost Whisperer" to look at the property before making any offers.
Moral Issues
- Thread starter Stan 101
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As funny as it sounds, I would get some sort of "Ghost Whisperer" to look at the property before making any offers.
Yes.
Out of line sales occur all the time for all kinds of reasons. As a buyer you cannot completely know the reason or circumstances for the seller to put the property on the market at a discounted price. From an owner/occupier perspective they may wish to upgrade to a larger property and have found that one house they love, and need to sell quickly with the aim of avoiding bridging finance. On the other hand from an investors perspective they may need capital for another property (and have already made a considerable profit on the property), so are willing to forego maximum profit now with the aim of higher profits in the future
and as everyone else has said, if you dont buy it yourself, there will always be someone else who will
Out of line sales occur all the time for all kinds of reasons. As a buyer you cannot completely know the reason or circumstances for the seller to put the property on the market at a discounted price. From an owner/occupier perspective they may wish to upgrade to a larger property and have found that one house they love, and need to sell quickly with the aim of avoiding bridging finance. On the other hand from an investors perspective they may need capital for another property (and have already made a considerable profit on the property), so are willing to forego maximum profit now with the aim of higher profits in the future
and as everyone else has said, if you dont buy it yourself, there will always be someone else who will
Just my two cents worth, backed up by 12 years as a licensed real estate ( Auctioneer, property developer ) . People sell for lots of reasons, life just happens to about 4% of the population on any given day . Eg: Divorce , death, taxes, Job transfer , another opportunity elsewhere. Personally I'm in no rush to get into property. Listen to your grandfathers boys and girls. The bigger the boom the bigger the bust.
Remember that a property is only worth what somebody is willing to pay for it. Could you sell this property for a profit the day after you buy it , taking into account stamp duty, solicitors fee's and capital gains tax. I doubt it . But if you are buying from your heart and it is what you have always wanted, go for it.
Cheers
Bill
Remember that a property is only worth what somebody is willing to pay for it. Could you sell this property for a profit the day after you buy it , taking into account stamp duty, solicitors fee's and capital gains tax. I doubt it . But if you are buying from your heart and it is what you have always wanted, go for it.
Cheers
Bill
Prospector
Not a scaredy cat anymore
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Or would you buy if the seller wanted to sell their property so cheaply because they wanted to diddle their partner in a marriage break up? Maybe its an urban myth but I read somewhere that a wife sold their husbands sports car for almost nothing on ebay I think, just to cause extreme angst for their soon to be exhusband! For the record, I'd buy it!
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It could certainly be argued that selling residential real estate at a profit is immoral. Your gain is literally money for nothing and comes directly at the expense of some first home buyer who pays with physical labour. Reward without work.
The recent house price boom has created nothing but absolute misery for many thousands of first home buyers and their families with speculators, governments and those in the real estate industry being the only true winners. Misery that will only increase whenever interest rates finally rise from their present very low levels (looking at US bond yields I'm more convinced than ever that the days of cheap loans are coming to a close).
Personally it doesn't bother me what anyone does in the markets but there are two sides to everything.
The recent house price boom has created nothing but absolute misery for many thousands of first home buyers and their families with speculators, governments and those in the real estate industry being the only true winners. Misery that will only increase whenever interest rates finally rise from their present very low levels (looking at US bond yields I'm more convinced than ever that the days of cheap loans are coming to a close).
Personally it doesn't bother me what anyone does in the markets but there are two sides to everything.
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Excellent point, Smurf. I must admit this thought came after a few too many vino and I was just pondering.
I think I was trying to get a grasp of when a moral issue was going to enter someone's mind and a NO response to the purchase would come.
My intoxicated plan was to have several polls slowly adding in tidbits that may affect the potential buyer. IE: the owner is sick. The owner needs the money to get their sibling off drugs. The owner has been swindled by Tweed etc.
In sober land, I realised Joeblow would probably and rightly get a little upset with my grand scheme for data to create my moral "Bell Curve."
cheers,
I think I was trying to get a grasp of when a moral issue was going to enter someone's mind and a NO response to the purchase would come.
My intoxicated plan was to have several polls slowly adding in tidbits that may affect the potential buyer. IE: the owner is sick. The owner needs the money to get their sibling off drugs. The owner has been swindled by Tweed etc.
In sober land, I realised Joeblow would probably and rightly get a little upset with my grand scheme for data to create my moral "Bell Curve."
cheers,
