For some, buying a property with termites or lead or asbestos, is OK. For the majority ” you need to get a building and pest inspection done and understand the potential costs to fix, before making an offer or bidding at auction.
In the case of this auction, the bidder believes the future development is worth buying for “land value”. What I mean is – you cant get finance on all properties ” and certainly be difficult in this case if you are wanting borrowing abovewhat a bank considers land value.
Read the rest from news.com.auhere
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