Forum Replies Created
Hi Wade,
Everything had been approved for this case.
does it mean that I am still legal to buy the vacant land at the original price if I manage to settle the fund with my solicitor within one month?
BluewaterFinancial wrote:Chewboonhoe,
Most developers offer up some of the blocks of land cheap to attract presales for the bank that is funding the subdivision. My guess is the developer in this instance believed the market was at a certain price, however when the properties went to market demand pushed the price up. In terms of property law, especially in Queensland you best have a word to your solicitor / conveyancer handling the matter. From a funding perspective it is realistic to expect funding to be in place within a month. If you broker cannot get it organised, you need to find another broker, as it is in times such as these that strong relationships between clients and brokers are forged.
Wade Greasley
Commercial and Residential Finance Manager
Bluewater Financial Pty Limited
0414 564743
BluewaterFinancial wrote:Chewboonhoe,
Most developers offer up some of the blocks of land cheap to attract presales for the bank that is funding the subdivision. My guess is the developer in this instance believed the market was at a certain price, however when the properties went to market demand pushed the price up. In terms of property law, especially in Queensland you best have a word to your solicitor / conveyancer handling the matter. From a funding perspective it is realistic to expect funding to be in place within a month. If you broker cannot get it organised, you need to find another broker, as it is in times such as these that strong relationships between clients and brokers are forged.
Wade Greasley
Commercial and Residential Finance Manager
Bluewater Financial Pty Limited
0414 564743
