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Well to answer the questions! In brief,
We purchased our current home before selling the previous one because I believed it was a bargain and still do! At the auction of the previous house we knew we had at most two definite bidders but nonone else. On auction day when bidding had got started and whilst our agent was bludging unbeknown to us (we were in the house -a big mistake)another agent with helpers literally told these two separate bidders they had better properties elsewhere, “don’t buy this house” and off they went with them! The auction went dead and passed in! (I am told you cannot do this NOW in Victoria under the Agents RESI code but at the time there was nothing really we could do.) We did not know about this until a friend of a friend of ours informed us of what happened! At this time (4 years ago) our agent seemingly could not do much after the event and certainly DIDN’T.
The bank didn’t like this two mortgage situation much, nor did an adviser and getting it rented quickly or slowly was not an option so we ended up to my dismay being a forced seller since noone else for the next three months seemed interested.Six months after this, buyers hit the market and our old house’s price took off major league but we were gone!
Happy Days!
DaviddGood Luck!
I have seen and heard of so many cases of retail owners cooking the books as to their real sales. However I am aware of one effort by the Tax Office many years ago when a fish and chip shop owner did not seem to be getting much income and so paying little tax. They put an investigator outside the shop and counted the number of “parcels” coming out of the store in a typical time period and multipled this by the price for your average f & p pack.
They got their tax! Something as basic as this for a retail outlet especially food- sitting and watching -is worth the effort yet I’d suggest not many do it!Thanks B.and to answer your assumed question:
Well we’ve had plenty of agents from different companies (3 !!)each bring their own squad and each group having highly different opinions since the house is unique because of its age (100+) and nothing similar to compare to!Davidd
Dear Twin Peaks,
Based purely on Australian experience -in point form
1. Not living in NZ is really the problem!
2. Get A debt recovery agent in the students new location would be best but they’ll take their cut of the pie.
4. The use of any legal means if like Oz could be real slow and not worth it but a phone call to the local NZ solicitor would not hurt or cost too much
5. All other aspects would come under the “revenge” heading – worth doing once you’ve got the money! – especially contact a uni administrator in a more senior position than the original homestay supervisor and explain if homestays are to continue there must be goodwill with the community and if no satisfactory response (eg for them to make contact with the other tertiary institution and attempt to get the money from the students through that uni’s homestay/accommodation provider!)threaten bad publicity through the local and main daily paper in the area will make them take notice.
Uni’s dont like bad PR
Good Luck!
Davidd
