Will be checking with the conveyancer and council today to find out more…

The building and pest inspections are all good and we know where the pipes are.  Just wondered what the legalities are especially if we decide to extend or put in an extra garage.

Terrific.  Hehehe. Know what you mean.

Hi MiaSounds like you are experiencing the same things as me.  My broker said to exchange before we got the final approval although it was approved in principal.  And yes, the contract was unconditional.  I was told I should trust them but … I just couldn't and have not yet exchanged. My conveyancing isn't very concerned about things either an…[Read more]

Nope – Mister and I are buying in different areas all together.  But I can see how that scenario would be a possibility!

Terry and Richard – what do you suggest Mia do now?  I am sure you are right but as she has already exchanged and is anxious about that decision, what course of action do you think she take besides waiting and hoping?

We built our last home from the foundation excavations up.  The one before was built and organised by a builder.  Being an owner builder took a LOT of time.  But… we did a much better job and had full control of everything.  Didn't have to put up with some lazy project manager letting things get behind schedule or grimacing everytime we wal…[Read more]

The extended loungeroom looks much better Reno Queen.  Poky closed in rooms are so er… claustrophobic.  Well done!

Hey DavidDeanno – do you have any before and after pics you can share?  We are thinking of doing a bathroom reno and the budget is about $3000 too.  Not that I would want to copy but it would be inspirational to see the difference in your place.Lizzie  I think most of the stuff you could do yourself with a bit of forethought with the exception of…[Read more]

I ditto  what Mick said.  You have a $60K margin so it should be ok.  The banks are very slow at processing loan apps at the moment so just make sure your broker doesn't let things lag.  Let us know how you go.

I am buying a property (my next home) and am buying 'down'  to reduce debt.  R.E. has been talking about getting gazumped as we wait for what seems to be a ridiculously long time for our lender to allow us to exchange.Well… if we get gazumped (skunks), we will just rent and wait for the property prices to fall further and sometime in the next 1…[Read more]

Gerald Celente also predicted a lot of things that didn't  happen too.  I think a very deep recession is definitely coming.  I mean, really, how could house prices etc just keep going up, up, up the way they have the past 20 years?  Its been a period of gross consumerism and consumeristic snobbery has been everywhere as though possession were the…[Read more]

We always knew we would not be able to access the funds in the deposit as it was security. It was the fact that bank personnel in the lending centre and branches were unable to access information and no-one informed us of the process.

*(But it wasn't set up on Friday)

It all started when we went to the bank and asked what the penalty fee would be if we got out or our fixed loan.  At that time, it was no penalty.  Checked a month later and was told it was still nothing.  We asked what it would be if the rates went below the current fixed rate – we actually laboured over this point to ensure they understood wh…[Read more]

Saphphire101 maybe we should wear a special badge of honour for having survived the ordeal without bursting a blood vessel or screaming out loud.  LOL.    Real life education…After many fruitless calls … I did find out how things worked, where our money is, what has to happen and what is happening next from a lovely lady who went the extra mi…[Read more]

I would love to hear how you go with the program and wish you every success.

Congratulations Reeco!  Mistakes can cost a LOT of money so being mentored by people who have already made plenty of mistakes but who have learned how to do it smarter and who are weilling to teach you how is so worth it.  I would do it in a heartbeat if my partner would allow it ,as I have learned first hand, how beneficial it is to know people w…[Read more]

Thanks V8ghia.  I contacted the broker the next morning who then told me the conveyancer had contacted them after lunch and sent through the paper work.  A phone call or follow up email on the same day to confirm this would have prevented the ensuing anxiety and sleeplessness.

From my understanding, owner's are permitted to be on/in the property any time prior to settlement.  Obviously, most vendors would want to be packed, gone, etc 12 to 24 hours prior to the expected settlement time so they are not frantically rushing out at the last minute.  You sound like this type of vendor but… there is no mandate that e…[Read more]