That's a real shame. You are one of a few people that can actually explain a concept without causing a headache. Looks like i will need to look up to Boris for answers.
Thanks everyone for your help. I called the agent today and simply told him i refuse to pay the additional costs so i'm no longer interested in the property. Get a call back 10 mins later, his solicitor mate can do it for free as he owes him a favour . Had the license agreement checked out by my solicitor and once i got the green light signed contracts tonight.
Moral of the story? No matter how wrong you might be stick to your guns and it might just turn in your favour!
My solicitor seems to think the vendor should foot the bill as they are the ones that want the license agreement. We just wanted a clause in the contract stating we can access the property during settlement. I will most likely go back to my original offer and start the work after settlement. I haven’t signed so I can’t see why I can’t pull out. Thanks for the advice!
Thanks for the great advice every one. I’ve had two dealings with loan market and they seem as if they don’t know much or want to benefit just themselves. Is it possible to use a broker from interstate or do they have to be close by?
Dangermouse, I'm in your boat! Accountant has told me to setup a trust for my Investment properties. I think it's a good idea but it is so confusing. You don't want to get it wrong cause it could really cost you.
Thanks Johann, I’ll give them a call this week. It would boost Laverton a lot if they were to go ahead. What’s your opinion on Laverton in the next 10 years?
I have a cabinet making business in Melbourne, can't really help you as your in Perth but 25k is way too much. Go for a smaller company. The bigger companies have too many middle men therefore more expensive. Ikea is ok but you need a lot of luck finding the right cabinet to fit in the right place. Plus installation cost starts at $1000 upwards.
Thanks future wealth. When you think about it there is so much expenses associated with property. Land tax, council rates, insurance, water rates, the list goes on.
Hi New starter, where abouts are you from melb? I can relate to your story, negative people can really make you second guess your self. How much are you looking to spend on your first purchase?