Everything is for sale at the right price, right?
I've had an interesting day.
An agent called me today with an cash, unconditional offer on a Brisbane south side property that isn't for sale (but I had previously indicated I would consider it).
My strategy is buy and hold, long-term.
I declined the offer (it was a pretty good offer, but no more than I would get putting it to market tomorrow), and I stated that it would have to be AMAZING by the time I tallied up repurchasing elsewhere for the same goal (stamp duty, solicitor, time spent searching).
I then had someone knock on the door (an unrelated party) which I answered dripping wet in a towel (not pretty, but they didn't baulk).
They also offered to buy the house and asked for a price. I said I couldn't name it...
She jokingly offered "a million dollars", to which I laughed "deal". (I would have even dropped the towel).
So, perhaps almost a philosophical question, but is there always a price where you would sell? Even if it doesn't suit your buy and hold strategy? Do you have a rough means to work one out?
eg... 8% growth pa for 5 years = $$$. I'd probably sell for that price today.
A pleasant conundrum.
I've had an interesting day.
An agent called me today with an cash, unconditional offer on a Brisbane south side property that isn't for sale (but I had previously indicated I would consider it).
My strategy is buy and hold, long-term.
I declined the offer (it was a pretty good offer, but no more than I would get putting it to market tomorrow), and I stated that it would have to be AMAZING by the time I tallied up repurchasing elsewhere for the same goal (stamp duty, solicitor, time spent searching).
I then had someone knock on the door (an unrelated party) which I answered dripping wet in a towel (not pretty, but they didn't baulk).
They also offered to buy the house and asked for a price. I said I couldn't name it...
She jokingly offered "a million dollars", to which I laughed "deal". (I would have even dropped the towel).
So, perhaps almost a philosophical question, but is there always a price where you would sell? Even if it doesn't suit your buy and hold strategy? Do you have a rough means to work one out?
eg... 8% growth pa for 5 years = $$$. I'd probably sell for that price today.
A pleasant conundrum.
What's your price?
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