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12 minutes ago, Willdat? said:

Not trying to spam this up too much, but in my opinion real estate agents are not working for the seller either. They're working to maximise turnover. In a house worth 600k, 2%= $12k, to get $50k more of a sales price will require a whole lot more hustle for the agent to earn just $1k. A mates way of dealing with this was to offer 10% commission on $ over X, that's a real incentive to maximise what they're getting for you. 

We sold our house ourselves, was really easy, made a sign, listed on trademe, had an open home, took names and numbers at the open home, rang the people who attended that night and asked if they were interested in making an offer. Sold in a week. The best part was knowing exactly how the process was going. 

Spam away...

You're right, in many cases, the agents work to their incentive scheme rather than maximising the situation for the seller - who said a quick sale is a good sale?  potentially leaving $$$ on the table there.

With what I do for a living I could look to do this myself, in all honesty its the hassle factor with everything else I have going on in life.  With a well trained agent they will do your bidding...

I feel the commissions should look like investment funds...... you have a super low base rate, then a large performance fee i.e. achieve x% above the average price/GV for the area... that'll sort the wheat from the chaff.

 

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3 hours ago, azzurro said:

crooked gate makes me itch given the workmanship elsewhere! Hope its just the camera angle.

 

-_

 

(ps good work man, time to get some $ coming inwards!)

It is.... the previous owners didnt ensure the strainer post was vertical as the concrete dried.....

That gate is probably going to go, just not sure where yet....

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Hopefully get another good push on the site this week.  External is ready for final clad, all of the batts/jib has arrived to line out the internal.  Builders got caught on another job so asking them to play catchup.

d18.thumb.jpg.578e80f7328b8a9c742c9802c2a815e7.jpg

 

d17.thumb.jpg.dd9636dfa0b7d7422a3673ffa2781f6c.jpg

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  • 2 weeks later...

So because this is real life I am currently looking at some nasty cost over runs on the build, not a small amount either (80k).  I am fairly miffed with my contractor as the communication around this have been piss poor and its only after I asked a few questions were they forthcoming around the invoices I can expect. 

Making it worse is the $$ I had set aside to bid on some land at auction this weekend now has to be used for these variations and pours cold water on that idea....

Not a huge amount I can do, but it grinds me - I feel there is a thin line between a provisional cost estimate and fraudulent bait advertising....

Moving on they can expect an owner who is going to be very dilligent with the details of the building contract and extremely picky at final inspection...

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Dang. 

Costs changes are related to variations tho? not just "yeah, nah, quote was for $ but lol, jokes heres the invoice for $$$"?

Shame cause otherwise seems like it was going pretty good, nice tidy site, good progress, quality work, etc?

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57 minutes ago, azzurro said:

Dang. 

Costs changes are related to variations tho? not just "yeah, nah, quote was for $ but lol, jokes heres the invoice for $$$"?

Shame cause otherwise seems like it was going pretty good, nice tidy site, good progress, quality work, etc?

The 'build' is going well, the builders are ace, working solid hours and a tidy side.

The project management of earthworks/services is rubbish, and thats where all the variations are....  yep, its the old bait and switch....

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a diligent QS wont let a dodgy prov.sum through but they can still get you when you think you have your eye on it too. ive seen some commercial stuff go through which ended up the minimum compliant solution was 100% more than the PS let alone to the spec allegedly allowed for

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