Forum Replies Created
hey rob,
i could only offer an extremely vague reply to your post, maybe some specifics amongst the generalisations will help the wider forum community.
cheers
brahms
mortgage broker
[email protected]
brisbanewhy not just ask the local realtors to act as your agent, you pay them at an agreed rate – i’m certain licensed realtors can represent buyers as well as sellers.
i doubt there would be bona fide buyers agents in country areas – to cover whole regions would be cost prohibitive ie. you mightn’t be happy with the fees, time and costs incurred (hence your request here).
cheers
brahms
mortgage broker
[email protected]
brisbanelumwood,
nice post, nicer disapearing act.
mate, ’04 was the year when rates were meant to rise to blah blah blah blah
12 months since the last move – prior to the november ’03 move I think the previous interest rate move was a further 18 months prior.
so 3 moves in 30 months. a total of 0.75%
WOW
you have more chance of having a baby in this time frame – and trust me, that has a bigger impact.
cheers
brahms
mortgage broker
[email protected]
brisbaneAlf
THE THIRD TYPE OF BROKER
the ones who freely answer all of your questions and provide willingly their experiences, their knowledge and training, their ‘street smarts’.
common problems like STRUCTURING OF LOANS, GETTING THE BEST LVR’S, VALUATIONS and CROSS COLLATERALISATION of properties by certain banks have been discussed on this forum AND other forums
all of these problems and many many more could have been avoided if clients were initially ‘clued’ up – unfortuanately a lot of people are not – brokers should be – its what they do 7 days a week
cheers
brahms
mortgage broker
[email protected]
brisbanenice query b2,
having lived in the sticks half my life i’m a passionate metro convert (for me too small is <1 000 000)
i’m not sure what you mean by overheated property prices as the market is simply registering what people are willing to pay for proximity to jobs, education, medical, transport, sport, social outlets, diversity, opportunities, growth – you know, general present and future amenity.
maybe you just meant high value property?
cheers
brahms
mortgage broker
[email protected]
brisbaneinvesting in brissy isn’t mandatory – we won’t actually notice if you don’t.
cheers
brahms
mortgage broker
[email protected]
brisbanewell done, lots of people never get there own home purchased – let the dust settle – your on a reasonable income, as Terry said, pay as much of as you can, then look to use this equity to purchase an investment a little later on.
cheers
brahms
[email protected]
brisbanejust to clarify, if the development next door completed 5 years ago as per your post – how much demand is there????
what is various uses, it sounds sub standard to residential – maybe not, but maybe you could share this info before any more ‘advise’ is offered.
shit….even i’m confused. are the decimal points in the right places?
(edit – thankfully you have edited your post)
cheers
brahms
Mortgage Broker
[email protected]yes, levelled out, downward pressure on outer areas (>15ks cbd)
vacant land in most areas seems really hard work given construction costs
rental returns improving – so its not all doom and gloom.
1000 people per week net migration to the sunshine state (read south east corner, why go anywhere else?) so supply / demand issues should be better catered for than in sydney and melbourne.
cheers
brahms
[email protected]
mortgage broker
brisbanehi dolph
look at this closely, i’ve seen lots of new releases as the development matures with considerable land price increase increments.
that land value increase is money in your pocket.
i’ve also seen a lot of display homes on the main entrance to an estate – lots of future traffic noise and inconvenience – ultimately you need to look at the bigger picture.
i have friends who own an ex display home and it has worked out just fine – and given 6 months every one else has forgotten that it was a display even if this mattered.
cheers
brahms
Mortgage Broker
[email protected]Kerri
wow – you did have a really rough time – 100% finance has lots of hoops to jump thro (they are truly anal retentive, focussed on how to decline rather than how to approve) – but you had a really plain experience – i hope your future ones are better.
‘churn’ is a term used to describe deliberate re working of clients by bank staff and mortgage brokers with the sole aim of refinancing to a new lender so the bank or broker gets a new upfront fee etc etc.
most of us are too damn busy to do this, but i’m sure some of the ‘bottom feeders’ out there are trying it on.
cheers
brahms
Mortgage Broker
[email protected]i would have thought discharge fees were an attempt to recover set up costs of the initial mortgage – increased clawbacks being in place to prevent churn?
cheers
brahms
Mortgage Broker
[email protected]Kerri
i think most lenders calculate exit penalties on original balance or as a fixed fee, ie. $800 if paid out in first 4yrs etc.etc.
i really can’t think of any that calculate on balance at time of discharge – they have ‘wised’ up to that one.
if i can ask one question – were you happy with the broker at the time of making application? would you have changed brokers if time permitted?
cheers
brahms
Mortgage Broker
[email protected]i think the kangaroos are in the top paddock…
anion, i’ll presume the property is in BC Canada?
in Australia what your talking about is quite common, multiple ownership of industrial and retail/commerial complexes is common place.
it is also common for existing ‘non strata’ blocks to be converted to strata title and on sold to investors and primary users. hopefuly at a price which compensates the developing party appropriately.
hope this helps.
cheers
brahms
Mortgage Broker
[email protected]rob, is title transfered on a lease option???
if the answer is yes, apply for the fhog, if not…cheers
brahms
Mortgage Broker
[email protected]Maison
unfortunately your ‘subject to’ contract would be considered to be a very weak offer.
it would appear that the ‘decision’ maker wasn’t actually present when the contract was formed – not a particuarly good look – oh, this opinion is from a qld contract perspective.
cheers
brahms
Mortgage Broker
[email protected]it sort of looks like the state government is tiring of supporting infrastructure investment into further urban sprawl.
sounds good to me, just have to convince ‘can do’ and the team in the bcc.
cheers
brahms
Mortgage Broker
[email protected]any compelling reason why you don’t do it in your own name?
cheers
brahms
Mortgage Broker
[email protected]
