Hi kiwi Investors,
after a long time researching the market, we are about to make our first purchase in Invercargill NZ. We are currently under the process of getting a valuation on a commercial property, but I was just told some bad news, that the bank will take the LOWER of either the valuation or purchase price and finance 60 to 65%. If this is the case, then negotiating down the purchase price to below the valuation would not leave equity in the deal. How then do you buy properties (commercial) with equity in them so that the down payment is reduced??????

We buy properties in all conditions. Can offer Immediate Cash Settlements, No Real Estate Agents Required

Thank You!!

I am confused. You say "We buy properties in all conditions. Can offer Immediate Cash Settlements, No Real Estate Agents required" but you are having trouble with valuations and finance.

A property is only as valuable as what the next person is willing to pay. Excluding 'advantageous purchases', the price you negotiate for a property is pretty much what it is worth. Most valuers are of the opinion that if it was worth more, someone would have paid more for it.

Regarding the heading of this thread, 'available equity' comes from a property you already own. You do not have any available equity in a property you are buying.

Do you not have another property you can use to help with the deposit and closing costs?

Regards!!!