Hi JacM

Thanks for the reply. We had a ph call late on Fri avo from our solicitor saying they have signed. We should get more details tomorrow. Its been a long hall but we are not getting to excited yet.

Ironlady

Hi Terryw

But does that mean the buyer will find it hard to get info about the sfund etc

Thanks Ironlady

Hi JacM

I am only guessing but they may not want to sign not knowing if they will get the money.
If they do get the loan approval before signing contract we can ask for not subject to finance.
Would rather it fall over now than down the track.
It sounds like I am contradicting my self because I was pushing them for a deposit, but I was assuming they had the money.

Thanks Ironlady

Hi again

We received an email today from our solicitor Saying:

Dear Ironlady (me and wife)

Re: YOUR SALE TO XY BLABLA SUPERANUATION PTY LTD
PROPERTY: 000 AAA ST, SOMEWHERE

We refer to the above matter and wish to confirm that we have today received a phone call from the purchasers solicitor advising that his client is still awaiting finance approval. As his client is buying under their Self-Managed Super Fund the x Bank is “putting them through the hoops”, He confirmed that his client still wants to proceed with the purchase but unfortunately they require the written approval of finance prior to being in a position to exchange contracts. They will contact us as soon as their finance has bee approved.

They have not asked for an extension on thu yet. Would it be an impossible question to ask how long the bank could take. It would have helped if they coughed up more info, like how long their app for the money has been at the bank.
Should I ask for more info from solicitor or should the agent be chasing it up.

Thanks Ironlady

Hi JacM

According to the agent they were chasing up some money in the negotiation phase.They were taking to long to respond to the price we set (advice from rea). Can only assume they are using a bank for some of the money.

At the end of the day we are trying to work out if the buyer is genuine and taking to much time, just cant scrape up the money or others.
We can wait longer if needed and we know 100% they will buy the property, but they havnt realy conviced us that they will buy our property.
Hopefully will get a result either way on thu.

Thanks again Ironlady

Hi JacM

No name of purchsing entity as far as we are awear of.
Rang our solicitor on Fri 10-4-15 and they rang the buyer solicitor and they said waiting on accountant.
We emailed the selling agent this morning and said he has until thu 16-4-15 to sign and put a deposit.
After ignoring us for 3 wks (we contacted him 3wks ago and were still waiting a reply) the sell agent emailed us and said, I have spoken to the buyer this morning and he said the bank is the hold up with the superfund being the lender. Agent told him we need a deposit. Buyer replied my accountant told me not to.

AS I said in the original post it will be 8wks on Wed coming and no deposit.
We are finding it hard to get info from the rea and our solicitor doesnt seem to be getting much info out of the buyer solicitor
I will post after Thursday. Dont see much happening.

Thanks Ironlady

Thanks Solomon 10

Spoke with agent and we can get access to secure property as soon as we agree on a price and put deposit. Can clean yard and that sort of stuff, but wont do to much incase he changes his mind
Will have to check property just before exchange of contracts
With permition this would be a good time to secure the property with proper grills etc
Deal is all but done, just waiting for comfirmation, but you problably allready know what can happen
Hopefully I can keep everyone here posted if it happens, good or bad

Thanks again Ironlady

Hi Richard

Thanks for the reply

Sorry about saying I didnt want to talk to pro people yet but was reffering to my bank and accountant not thinking about you guys here

Yes com. rates are higher

We haven't set trust yet

Would be interested to see what others ( besides NAB ) have to offer
If you like we can contact you to find out what you can do and your costs ( charge rate commissions etc )

Thanks Ironlady

Hi Paul

We would not tell the bank before we rented or sold
Will give this some serious thoughts and contact you if we decide to go that way

Thanks again