Guys,

I want to ask a question, the scheduled settlement date is 11/08 and I really want to settle early, say it 04/08, even though there is still tenant living there, I don’t really care, I don’t mind to pay interest from 04/08 to 11//08. Is it possible to do that? The sale contract said it will be vacant at the settlement date, so I assume from 11/08, if the tenant is still there, I guess it will be the vendor’s problem, is it correct ? I don’t know what is my legal right regarding this.

Cheers

Ferdinand

Your personal information
Date of birth: 1984
Gender: Male
Medical conditions: None
Income: 57500
Household debt: 430000
Have you smoked in the last 12 months?: No
Have you ever been declined life insurance?: No

I’ll do that if they cannot do it. But I got a call from the solicitor, he said, it can be done tomorrow the report, but might be verbally tomorrow then they will give me the report soon after that.

Hi Michael and Terry,

Thanks for replying

There was no problem with the loan. Tomorrow, my broker said, bank will give unconditional approval. Bank also values the property as very low risk property.

I read the sale contract again and all the descriptions from the council, nothing is worrying. Not affected by any hazard risk. My solicitor mentioned about that before I exchanged the contract.

Now my only concern is I need to order building report ASAP. And Friday is the end of cooling off period, means I need my solicitor to ask for an extension.

I checked again the sale contract, there is title search performed on 31st May 2011. It should be recent then.

Regards
Ferdinand

Hi Terry,

It is different solicitor, his full fee is $1,200. For me saving $450 at this point is very important as my money drained for the deposit. And most of the FHOG is to pay Stamp Duty on the property. I appreciate Michael’s swift response as I only emailed him yesterday afternoon, hence feeling not that good but IMO, the word “ditch” is rather harsh. I prefer to let him know now before further works performed.

To Michael,

Thanks for your great helps. Next time if I’m about to purchase bigger amount, I will go to you

Regards

Ferdinand

Terry,

If I am going to ABC Lawyers doing conveyancing service for me, should I expect better service than if I go to ABC Conveyancer ?

Can anyone recommend me a cheap/standard conveyancer in Sydney ? Thx

Is it true I will not get FHOG if I buy in July ?

Jamie M wrote:

I’m happy to recommend them to my clients and they’re happy to offer my clients a discount

Cheers

Jamie

Thx Jamie, I am now considering DIY Conveyancing, I haven’t done it before, but one of my colleague said it is not difficult.

To Michael,
Previously I said that I reduced my credit limit, but I forgot to mention that I had 5 credit cards before, and I closed 3 of it. So I did not actually reduced my limit, but I paid off and closed 3 of my credit cards. Will it make any different in front of the bank ?

Thx Michael. Kids can wait, 2 years won’t hurt. Honeymoon, just in my soon-to-be wife’s hometown and around. We are squeezing budget here and there for the house deposit.

Now, She and I are trying to reduce our credit limit, hopefully, next week, all have been managed, and that means, $10,000 credit card limit only. We know in which area we want to buy, so far has been focusing there, and we know the price range there. We’ll start to hunt for a place in June, after all the formalities done with wedding. I will ask for pre-approval in mid July, for sure.