How important is the need of valuation to the investors?
What I do is I revalue my properties landandairshow because I’ve got very much other high comparable sales and I lock in that higher valuation and I increase my line of credit when the market is down which is around here I focus all my energy on buying properties the best time to buy property is the moment.
You got passed in an auction that’s your number one time to make an offer you see that agent hates that property if you’re the vendor they hate you they hate your house they’ve been in your house for four weekends straight they’ve got no Commission, okay the BMW Audi payment is doing at the end of the month they want their money okay now.
This is where if you’re smart and you start negotiating after the option has been passed in the agent will start working for the Bayern of the vendor the second-best come is Monday morning when they’re all in the office all depressed getting slammed by the sales manager of whether.
You can sell their landandairshow property in the weekend I’m just kidding the market is very strong at the moment now these things actually happen but it’s true your based on supply properties when the property gets passed in the auction so imagine you’ve got an option clean rate of 50% or 60 which means full properties out of ten enough.
Selling that’s when I go in and make offers on those properties you know and that’s the best time to get discounts or terms of settlement just a delayed settlement or lower deposits so really what you want to do if you look at the market if you look at the counter cyclical nature of the market when the market is at its peak