Hi everyone,
I have a few questions maybe you can help me with,
SETTLEMENT QUESTIONS
What happens if you put in an offer on a property, with a sunset clause “subject to financial approval” you put down $1000 deposit and its accepted, what happens if at time of settlement you for some reason, unforseen circumstances cant hold up to your end of the bargain for reasons other that problems with finance?
Is it best to go for a longer settlement so you dont get caught out with unforseen circumstances?
Can you extent settlement if your original settlement date isnt long enough?
Are there fees involved in this?
SOLICITOR QUESTIONS
And a question on solicitors please
What is there role in buying a property?
In the Financial Template theres legal fees
and I called a solicitor who was abit annoyed with me for asking unpaid questions.He just said for a basic contract read is $200. Is that all he normally does or is there more he needs to do?
FINANCIAL TEMPLATE QUESTIONS
And a question of the utility fees?
I have made 10 squillion calls regarding all the boxes in the Financial Template and think Im getting somewhere except the utility connection fees? Are they just when you built a property or is there another connection fee from water, power, gas etc other than when the tenant moves in and they connect the utilities?Thankyou so much in advance for all your replys what would I do without you all.
Kind Regards
Paula SlegtenhorstPaula
hi Mukta
First find another solicitor if in Sydney acclaim legal (burwood) can help.
and he will tell you as i will, don’t sign anything until a solicitor has read it,just because you put subject to finance( it is one of the worse things to put),you then don’t have control on getting finance if the vendor finds finance at 22% from a shark you have got finance and your stuck.
From your post this is a new area for you so get some legal advice and then some accounting advice(from an accountant)extention are possible to any contract but you pay a high price depending on the time and the vendor other commitments.
as I say to new investors go to your local meeting of investors in your state and have a chat (that should be free)(although I have clarified that with dazzling yet)here to help
although I have clarified that with dazzling yetWhat ??? Totally confused ??? The sentence doesn’t even make sense ???
sorry
(although I haven’t clarified that with dazzling yet)here to help
Thankyou Grossrealisation for your great advice, it is very much appreciated
Paula
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