8897 replies to this topic

[ams]

Mortgages are scary. I went through it almost 2 years ago now.

I think you just need to accept a certain degree of ripping-off'edness from the bank and it makes it less painful. At the end of the day they're in it to make a buck...just make sure you get the loan protection insurance - it ended up costing me about $4.5k i think but protects me from repayments if i lose my job or unable to work or whatevs.

No doubt Shazztitties will have something to say about it though

Make sure you smash as much money as you can at the mortgage. Even if it's an extra $50 a week, every bit will help in 25/30 years.

[Adam]

We are looking at a 2 bedder on the weekend that's on about 1000 sq/m good starter house sub 300k

[skillionaire]

I have a pre-existing loan that I am pushing to add to instead of starting a separate loan. The rate is awesome. I have built up nearly enough equity therein to make this happen, so another option is to run with FHOG and use sale of car funds together to put me in a strong position up front.

Ugh. I just retyped that, my box isn't working.

[Morgan]

Nik, $27k?

Pfffffft

[skillionaire]

Hahaha, that's a jip for sure bro. Far out. That's what happens when it's in WA!!!

[B4TT]

Nik,

Make sure you have really nice pictures, price competitively amoungst what is for sale, don't think that because your car has 20K less than someone else you will get an extra 2K etc etc.

Also I am not saying this for CS benifit but the premium ads actually do help sell the car faster, it will appear on the top of each page rather than 15 pages in etc.. fact is people get bored looking through so many pages and there is a good chance you car could be overlooked because of this.

[Delete This Account]

and if your car isn't gone in a week.

You're asking too much.


Mine sold in 3 days.

[B4TT]

Make sure you smash as much money as you can at the mortgage. Even if it's an extra $50 a week, every bit will help in 25/30 years.

I remember having this conversation with you while drinking and you got all excited and increased the amount you were paying haha.

Check out some loan calculators though and see the difference in savings that can be had by paying the extra off... it can be an insane amount and bring down the term of the loan.

[skillionaire]

How much is a premium ad?

Tom: I'm in the middle of nowhere. Literally. That's what we call a geographical barrier. A week would be nice!

[Delete This Account]

How much is a premium ad?

Tom: I'm in the middle of nowhere. Literally. That's what we call a geographical barrier. A week would be nice!

When I sold mine a couple of years ago the normal ads were 50 and premium was 80. Premium was well worth it.
I think it's gone up now though.

I just googled. Didn't realise you were 3 hours from Perth! That's a bit more tricky.

[B4TT]

and if your car isn't gone in a week.

You're asking too much.


Mine sold in 3 days.

You are actually not far off the mark.
People who list their car for sale (given that it is a common car that people want.. not kit cars etc) and do not manage to sell it for months are doing something wrong, whether it be a poorly laid out add with crappy images or asking too much.

How much is a premium ad?

Tom: I'm in the middle of nowhere. Literally. That's what we call a geographical barrier. A week would be nice!

maybe an extra $20... I will find out.

[skillionaire]

WA is a big state, Tom! Luckily this is a car that suits rural buyers. Honestly, OBK's are pretty damn common down here. Pretty desirable too for people that have been chugging a Commo wagon for a few years, etc.

[Morgan]

2 weeks for the RX Lib. Asked $8800. Sold for $8000.
10 days for the Excel. Asked for $2200. Sold for $2200.

I think you should still start at $18k, Nik. Seems reasonable compared to what's out there and still gives you some room to move when potential buyers want to negotiate.

Oh and mention that in the ad - willing the negotiate

The pictures really do help. I'm amazed at the ones some people upload.




Thoughts?

[B4TT]

It is actually an extra $30... I do believe it is worth it though.

Take special care in the way your order your images too, the very best eye catching image you have should be put into the first spot

Also.. is anyone else having shitloads of trouble with the forum this morning? mine doesn't want to load properly (here or at home or on my iphone) it takes forever..

[Shaz]

Make sure you apply the 80/10 rule.

Don't borrow more then 80% of the property value, and base your servicability on repayments at 10%.

If you take those into consideration, and you can comfortably meet those requirement, you wont get into financial stress.

AMS is right with loan protection. For every 1 house lost to fire, 3 are lost to death, and 48 are lost to Total and Permanent Disability. Most insurances are tax decutible as well, so it doesnt work out as expensive as you think. Def worth the money.

Always pay more the the bare minimum on the mortgage, or you'll end up paying back more then what you borrowed, in interest alone. You would be AMAZED how much interest you will save over a 30 year loan term, just by paying an extra $50 a week.

If you want me to run some figures for you Nik, shoot me a PM/Email/Carrier Pigeon and i will.

[Delete This Account]

WHY IS BROWSING AND LOADING GENERAL THREAD SO FARKING SLOW????????????

[skillionaire]

I am of the thought that the forum is having trouble with two people posting at the same time in this thread. If my post is a few minutes apart from the previous, it flies through. But yes.

I'll go premium. Clean her up this morning.

@!

[skillionaire]

Thanks Shaz. I'll talk to my FA again today and see what the go is before bothering you!

[Delete This Account]

It just took about 2 minutes to load most of the page. Then another 3 minutes to load the bloody reply box at the bottom.

Gay. Old GT was better.

[B4TT]

Thanks Shaz. I'll talk to my FA again today and see what the go is before bothering you!

Bottom of a beer glass is not much of an FA

It just took about 2 minutes to load most of the page. Then another 3 minutes to load the bloody reply box at the bottom.

Gay. Old GT was better.

I hasing this dramaz too!