Lexifabricographer For when the right word just won’t do…

December 16, 2008

Building an empire

Filed under: property magnatism — lexifab @ 8:31 pm

The property investment malarkey continues to present the expected challenges. We have had offers accepted on two places (or sets of places – one’s the apartment block in Tamowrth, the other is a duplex in Adelaide), and as expected nothing much is going smoothly. There’s no chance we’ll have settled anything by the end of the year, though probably we will have exchanged contracts by that stage (after which it’s all over barring acts of God or quantum interference). Also, it turns out that some of the minor problems with one of the properties are not, perhaps, quite as minor as we might have been led to believe, but that’s why you get property and pest  inspections done before too much money exchanges hands.

At this point we are not quite as far along in the empire-building process as we would have liked. It would have been preferable to get a couple of contracts signed by now, so that we could relax a bit over the Xmas break and focus on the renovations (the transparent roofing over the patio and shed needs replacing due to excessive holefulness). Instead it looks like we may have to spend a bit more time doing research, albeit not likely at the expense of the renovations. (This blog, on the other hand…)

3 Comments »

  1. So, you didn’t pop up the range to look in on us while you were inspecting your potential investment property just down the road? *looks forlorn and friendless*

    Or, did you buy sight-unseen that block of flats next to the new cannibal zombie containment facility they’re putting in?

    Comment by Chris F — December 18, 2008 @ 12:23 pm

  2. It was that second one. I *wondered* why we hadn’t heard back from the estate agent in a couple of weeks…

    Comment by lexifab — December 19, 2008 @ 1:37 pm

  3. I kept wondering why there were all those messages on the phone.

    “Seennnnnd moooooorreee cheeeeeques.”

    Damn zombie realtors.

    Comment by Jimbo — December 19, 2008 @ 10:42 pm

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