Roofarmer,

I appreciate your ethical dilemma.

I do see a need for the type of service. After all, traditional lenders don’t help the people in these types of straits…maybe THEY are unethical to not help….

Personally I’m not sure of the decision I’d make. It would depend on the people involved, the policies of the company & the level of control I would have to ensure that the company was behaving ethically and profitably at the same time.

If I didn’t have sufficient control or I had concerns over the ethics of the people involved my answer would be a definite no!

However I’d be willing to consider the investment provided:
– The company makes it’s policies, costs & interest rates clear to clients.
– It complies will all applicable credit legislation.
– It has a mission and supporting policies of providing a needed service to people who need quick cash fast (don’t we all at one time or another).

Cheers,

Aceyducey

I can get to it. I’m not with the same ISP.

PK – you could have a browser incompatibility or it could be a caching or DNS (Domain Name Server) issue with your ISP.

Call your ISP about this one – there may be other sites you can’t get to…and you won’t know until you try to reach them.

Cheers,

Aceyducey

PK,

If I insure my house as soon as I have an interest in it (on exchange) then a week later it burns down I expect to be compensated…

If I join a private health service & then find out a month later than my partner is pregnant I’d expect to be covered.

It’s the risk the insurance company takes. That’s their job!

Cheers,

Aceyducey

I started a lawn mowing biz, ran a uni club & through it attended/ran to a lot of seminars & events which provided me with practical experience.

Cheers.

Aceyducey

pp,

Properties sell themselves in a boom market.

We’re not any more.

According to some figures I saw last year on where REAs source buyers:

Signs are still the number one source of leads for REAs – so a big sign is a MUST.

A well-worded ad in the appropriate publications is number 2.

Online is number 3 but gaining on 2.

The REA’s database is in fourth spot – though this may be more due to how tardy many REAs are in a boom in keeping peoples’ details

Cheers,

Aceyducey

Delyse,

It is largely a buyers’ market in Sydney atm – how you deal with it is your choice, but I’d advise that you don’t panic – that’s an emotional response & doesn’t really add any value.

Any property can be sold quickly IF THE PRICE IS RIGHT. Clearly your price is higher than anyone in the market is prepared to pay right now.

You have two choices:

1) Wait until the market is prepared to pay your price.
2) Drop your price to the right one for the market.

Pick the choice that works the best for you – but do it from an objective perspective not a emotional one or you WILL lose out.

Oh, and bear in mind – no-one cares if youre price is negotiable…what they SEE is $389K not ‘negotiable’. Many people don’t even negotiate on house prices as they’re conditioned at retail to pay the price advertised.

Think about the cost of holding the property for months versus the cost of reducing the price, say, $20K…..

Cheers,

Aceyducey

Lucifer,

There is no ideal level. It all depends on your situation, strategy & what you’re buying.

The less you pay the further your money goes…but the more highly leveraqed you are & at greater risk of external factors such as interest rate changes & changes in government legislation.

Cheers,

Aceyducey

Derek is spot on.

Frankly you can rent out virtually any property, so if they have to offer a rental guarantee – what’s wrong with it

Cheers,

Aceyducey

Hang on a minute…12 month wait for maternity – 8 1/2 – 9 months to have a baby….

There’s something a bit screwy with these figures.

Does it mean that on private health cover mums have to carry the baby for 3 months longer or not get a spot?

Cheers,

Aceyducey

Why are you stuck?

Revalue and get a new loan….

See if you can get the valuer to pay all the exit & transfer costs – cause they made a MAJOR stuff up!

Cheers,

Aceyducey